126 CHERRY STREET
About This Property
This delightful two-bedroom, one-bath home is situated in the heart of Dover, DE, making it a wonderful option for first-time buyers or a solid investment opportunity. You'll appreciate the hardwood floors that flow throughout the bedrooms and living room, adding a touch of class and warmth to the space.
The eat-in kitchen has great potential for upgrades if desired, allowing you to personalize it to fit your style.
The property boasts ample yard space, making it ideal if you have pets, and you can add a fence for added privacy to enjoy your summer days in the sun!
Situated close to everything Dover has to offer-shopping, entertainment, and restaurants-you'll appreciate the convenience of being near Historic Downtown and easy access to Route 1 and Route 13 corridors.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Lincoln Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017