16 FOX CREEK DRIVE
About This Property
The main living and dining areas are open and bright, with multiple doors to the porch for abundant natural light and an easy indoor-outdoor flow. The large kitchen is a standout, featuring abundant cabinetry, extensive counter space, a breakfast bar with seating, space for casual dining, and a wet bar area.
Privately positioned, the primary bedroom includes a walk-in closet, linen storage, spacious bath, and direct access to the screened porch.
Additional highlights include a side-load two-car garage with entry into a mudroom/laundry area with sink, storage, and oversized work counter. Upstairs, a bonus room with full bath offers flexibility as a fourth bedroom, guest space, office, or recreation room.
Outdoor living continues with the full-length screened porch opening to a deck and landscaped rear yard. Arnell Creek offers a community pool and tennis with low HOA fees of just $350/year, all conveniently located near Rehoboth Beach, shopping, and daily amenities.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017