15 Rice Flat Bay Street
About This Property
This home is equipped with a 2019 Briggs and Stratton whole house generator, ensuring peace of mind during power outages. Discover upgraded LVP flooring throughout the primary living area, a stylish kitchen with white shaker cabinets and sleek quartz countertops, perfect for culinary enthusiasts. Dining areas include a spacious breakfast area and a formal dining room, giving you the best of both! The inviting living room features built-in bookshelves and a cozy fireplace, creating the perfect spot for relaxation. Enjoy the bright, airy sunroom and charming screened-in porch, both overlooking your fully fenced backyard. Entire property has a sodded lawn and equipped with an irrigation system for easy maintenance.
Shed in the backyard conveys with the property for extra storage. Three seller-owned propane tanks for the generator, gas grill, and fireplace convey with the home.
Located perfectly between Surf City and Wilmington, you'll enjoy easy access to beautiful beaches and vibrant city life. Don't miss out on this exceptional opportunity in Hampstead-schedule your showing today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 9, 2024 | Price Decreased |
$665,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Sep 26, 2024 | Listed by EXP Realty LLC | $675,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017