16 OLDE COACH DRIVE
About This Property
Welcome to this adorable and beautifully updated 2-bedroom, 2-bathroom mobile home nestled in the desirable Colonial East community in Rehoboth Beach! This home has been lovingly maintained and thoughtfully upgraded to offer both comfort and style.
Step inside to find a freshly renovated kitchen featuring modern appliances and updated finishes-perfect for cooking and entertaining. New windows and blinds flood the home with natural light while enhancing energy efficiency. Both bathrooms are conveniently located and well-kept, offering privacy and function for family or guests.
Additional upgrades include a new hot water tank, updated skirting, and newer appliances throughout. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this home is move-in ready and full of charm.
Located just minutes from the beaches, shopping, dining, and all that Rehoboth Beach has to offer, Colonial East is a well-maintained community with amenities and a welcoming atmosphere.
Don't miss this affordable beach retreat with modern touches-schedule your tour today!
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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 |
|---|---|---|---|
| Aug 26, 2026 | Relisted | $125,000 | |
| Relisted | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$125,000
↓ $10K
(7.4%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$135,000
↓ $13K
(8.8%) | |
| Price Decreased | |||
| Oct 22, 2025 | Price Decreased |
$148,000
↓ $10K
(6.3%) | |
| Price Decreased | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017