Discover the epitome of coastal living in this stunning 5-bedroom,
4.5-bathroom end-unit townhome in the serene community of Canal
Corkran. Overlooking a peaceful pond and within walking distance to
downtown Rehoboth, this home offers the perfect blend of luxury and
convenience. As you enter, you'll be greeted by beautiful
wood-inlay ceilings and an inviting open-concept layout that
seamlessly connects the kitchen, great room, and dining room. The
kitchen is a chef's delight, featuring exquisite wood cabinetry,
ample countertop space for meal prep or hosting, a pantry, and a
breakfast bar that comfortably seats 4 people. Adjacent to the
kitchen, the great room provides a cozy space to unwind after a day
at the beach or exploring downtown, complete with a gas fireplace
and a beautiful white mantle. The dining area, conveniently located
next to the kitchen, is perfect for both casual meals and
entertaining guests. Sliding doors off the great room lead to a
patio overlooking the pond, making it an ideal spot for grilling
and al fresco dining. The first floor also includes a large storage
closet, a designated space for laundry, and a half bath off the
foyer; you'll also find a suite with an ensuite featuring a walk-in
shower. On the second floor, you'll find a seating area at the top
of the stairs, two guest bedrooms, both with large closets and
carpeting, and a full bath with double sinks and a stand-up tub
located in the hall. Another suite on this level features hardwood
floors, an ensuite with a walk-in shower, and access to the second
deck overlooking the pond. The third floor is dedicated to the
carpeted primary suite, which boasts a spacious closet and a full
bath with a walk-in shower. This townhome is exceptionally
spacious, offering five bedrooms, three of them being suites,
making it an ideal retreat for enjoying everything Rehoboth has to
offer. Located on the ocean side of Route 1, Canal Corkran is a
lush, mature, and quiet community just around the corner from
downtown Rehoboth Beach. Enjoy the benefits of this tranquil
setting while being a short walk away from the vibrant shops,
restaurants, and events at the beach. Residents also have access to
a secret passage along the canal that leads directly to the bridge,
exclusive to the community. Don't miss this opportunity to own a
beautiful townhome in one of Rehoboth's most desirable communities.
Contact us today to schedule a private showing and make this
coastal dream home yours!
Unit Size
2,300 Ft²
Days on Market
14 days
Land Size
-
Price per sqft
$413
Property Type
Condo
Property Taxes
$105
HOA Dues
$1,224
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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