EXCEPTIONAL VALUE - MOTIVATED SELLER! Meticulously maintained
and thoughtfully upgraded, this move-in ready home with $30K in
recent upgrades offers the perfect blend of style, comfort, and
functionality. The gourmet kitchen features granite countertops,
new stainless-steel appliances, a breakfast bar, and breakfast
nook, while two spacious living areas provide plenty of room to
relax and entertain. The first-floor guest room and two additional
guest rooms upstairs offer flexible space, while the primary suite
is a peaceful retreat with an en suite bath and two generous
walk-in closets. A major bonus is the full, unfinished basement,
offering abundant storage and endless potential for future living
or recreational space such as a workshop, gym or studio. Enjoy the
coastal lifestyle from the comfort of the screened porch, perfect
for morning coffee or relaxing after a day at the beach, along with
an outdoor shower for added convenience. Located in sought-after
Paynter's Mill, residents enjoy an impressive array of amenities,
including a clubhouse with fitness center and billiards, outdoor
pool, tennis and pickleball courts, bocce, and scenic walking and
biking paths. No need to order in as residents can enjoy three
wonderful restaurants located inside the neighborhood. Ideally
located just minutes from the beaches and the downtown attractions
of both Lewes and Milton, you'll have easy access to local shops,
restaurants, entertainment, and everything that makes coastal
Delaware special. Furnishings could also be available, making this
exceptional home an even easier opportunity to enjoy the Delaware
coast from day one.
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.
Spacious and well-maintained 4-bedroom home in the sought-after Paynters Mill community! This home, only 9 years old and only lightly used as a vacation retreat, offers an inviting open layout with a bright Great Room featuring high ceilings, a beautiful eat-in kitchen, and a formal dining room. The main-level Primary Suite includes a full ensuite bath and a walk-in closet, with an additional bedroom and half bath on the same floor. Upstairs, a generous loft area leads to two more bedrooms and a full bath. One of only two homes in the development with a basement, this property offers ample storage or potential for additional finished space. Enjoy outdoor relaxation on the screened rear porch, plus the convenience of an attached 2-car garage. Paynters Mill provides lawn maintenance, snow removal, and irrigation water, along with fantastic amenities like a pool, clubhouse, playground, pickleball court, and year-round community events.
Show More
Show Less
Property Highlights
Garage
Air Conditioning
Parking Available
Parking Details
Has Garage
Parking Features: Attached, Garage, On Street, Driveway
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017