$305,000
●
House -
Off Market
1559 FORREST
DOVER, DE 19904
3 Beds
1 Bath
1,290 Ft²
$323,908
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
BACK ON THE MARKET DUE TO BUYERS FINANCING FALLING THROUGH. NO
FAULT OF THE SELLER!
A beautiful property with 2 separate homes. Main house has 3 bedrooms, 1 bathroom. Bathroom had been updated. You have beautiful wood floors & tile in this home. Living room with lots of nature sun light and plenty of room for entertaining. Beautiful stairs that lead up to an unfinished room with tons of opportunities. Kitchen comes equipped with a pantry and a dining room right off the side. The basement gives you space for storage or finish for additional space. Out the back door you have a deck which leads to the 2 car garage and the second house that could be an airbnb or inlaw space! The second house has 2 bedrooms, 1 bathroom with a living room, small dining area, kitchen and laundry. This property has a in ground pool and patio around it and is fenced in. If you want back yard space this property has it! Behind the pool you have space for gardens or just more yard space for you to enjoy or bring your pole barn! Motivated Seller bring all offers!
A beautiful property with 2 separate homes. Main house has 3 bedrooms, 1 bathroom. Bathroom had been updated. You have beautiful wood floors & tile in this home. Living room with lots of nature sun light and plenty of room for entertaining. Beautiful stairs that lead up to an unfinished room with tons of opportunities. Kitchen comes equipped with a pantry and a dining room right off the side. The basement gives you space for storage or finish for additional space. Out the back door you have a deck which leads to the 2 car garage and the second house that could be an airbnb or inlaw space! The second house has 2 bedrooms, 1 bathroom with a living room, small dining area, kitchen and laundry. This property has a in ground pool and patio around it and is fenced in. If you want back yard space this property has it! Behind the pool you have space for gardens or just more yard space for you to enjoy or bring your pole barn! Motivated Seller bring all offers!
Unit Size
1,290 Ft²
Days on Market
32 days
Land Size
0.64 acres
Price per sqft
$240
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1953
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #DEKT2011040)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Dover
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Listed by: Erin Baker
Keller Williams Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DEKT2011040
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Keller Williams Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# DEKT2011040
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017