PICTURE PERFECT. Your wish list is covered in this beautifully kept
Nassau Grove home! This home shows like a model and defines
attention to detail. The wonderfully open floor plan grants easy
flow and makes it a natural for entertaining. Enjoy a functional
kitchen complete with stainless steel appliances & granite
countertops, an inviting living room with gas fireplace, spacious
primary bedroom with a walk-in closet & en-suite bath, an
additional first floor bedroom & full bath, and a bright sunroom.
The second floor includes a loft overlooking the first floor, 3rd
bedroom, and full bath. The large unfinished, insulated basement
provides plenty of storage and possibilities for turning into a
finished living space. Relax on your rear deck with retractable
awning during the warm spring and summer months. Improvements
include new interior paint throughout; the addition of hardwood
floors in the primary bedroom and loft and newer carpet in two
bedrooms and the stairwell; new floor-to-ceiling subway tile shower
enclosure on the first floor; new glass shower doors in both
first-floor bathrooms; new granite countertops and faucets in all
three bathrooms; new stainless steel kitchen sink and faucet; the
replacement of an electric stove with a gas stove; and upgraded
lighting fixtures throughout. Outstanding community amenities make
it feel like you're living at a resort, including a well-maintained
clubhouse, pool, tennis, fitness center, volleyball, and lawn care
- all with easy access to Route 1, the beaches, and downtown Lewes,
and direct access to Georgetown-Lewes biking trail. ** Seller is
willing to offer a concession toward a buyer's mortgage closing
costs with a full price offer.**
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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