16455 BARNEY LANE
About This Property
Located near delightful local dining and boutique shops that capture Milton's small-town charm. The area is brimming with attractions to enrich your lifestyle-savor handcrafted wines at Nassau Valley Vineyards, spend peaceful afternoons at one of the many local beaches, immerse yourself in cultural events in historic Milton, or launch a kayak for a scenic paddle along the Broadkill River at Milton Park. A short drive connects you to the natural splendor of Cape Henlopen State Park, with its miles of trails and beaches, enjoy picturesque downtown Lewes, or the lively boardwalk in Rehoboth, where dining, entertainment, and tax-free outlet shopping await along Route 1.
In a fast-moving market where opportunities like this are rare, this lot offers the chance to create a bespoke coastal haven in a welcoming community. Don't miss out-contact us today to visit this exceptional property and begin envisioning your future in Milton!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017