157 Perryville Rd
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2024 | Sold | ||
| Sold | |||
| Jan 9, 2024 | No longer available | - | |
| No longer available | |||
| Jan 6, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2023 | Listed by The Mello Group, Inc | $899,000 | |
| Listed by The Mello Group, Inc | |||
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Possibilities abound with this stunning property which currently services as a single-family home to the same family that bought, renovated, and ran it as a popular Bed and Breakfast for 2 decades. The property abuts the Parmer River where you can enjoy fishing, solitude or walk down the street to Perryville Dam. The home itself is listed in the National Historic Register and dates back to one of the oldest families in Rehoboth. You will find features from the original home such as gorgeous wood floors, mantles and the original ice house preserved and enhanced by the modern comforts of today such as central air conditioning. The sellers added a bonus room in 1996 which includes cathedral ceilings, a fireplace, and a hot tub, all overlooking the lush back yard. Oasis is truly the word that comes to mind. The reduced price reflects separating out the lot/hayfield adjacent to the home. Buyer will have the option to purchase that lot as well. The manager has listed the unit size as 4165 square feet.
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| Nov 3, 2023 | Price Decreased |
$899,000
↓ $201K
(18.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017