$220,000
●
House -
Off Market
17260 PHILLIPS HILL ROAD
LAUREL, DE 19956
3 Beds
2 Baths
1,137 Ft²
$1,107
Est. Monthly
12.27%
Cap Rate
About This Property
Rural living within 30 minutes of local beach resorts and
approximately 20 miles from Salisbury State University. This
home offers 3 bedrooms/2 bathrooms, living room, an open kitchen
with a breakfast nook and a rear deck. Plenty of room to add
a garage/pole buillding and large garden on the 0.75 +/- acre
parcel.
Property is owned by the US Dept. of HUD Case #071-150484. Seller makes no representations or warranties as to property condition and property is sold in as-is condition. Equal Housing Opportunity.
Property is owned by the US Dept. of HUD Case #071-150484. Seller makes no representations or warranties as to property condition and property is sold in as-is condition. Equal Housing Opportunity.
Unit Size
1,137 Ft²
Days on Market
60 days
Land Size
0.75 acres
Price per sqft
$189
Property Type
House
Property Taxes
$51
HOA Dues
-
Year Built
2007
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #DESU2078422)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Listed | $215,000 | |
| Listed | |||
| | |||
|
Rural living within 30 minutes of local beach resorts and approximately 20 miles from Salisbury State University. This home offers 3 bedrooms/2 bathrooms, living room, an open kitchen with a breakfast nook and a rear deck. Plenty of room to add a garage/pole buillding and large garden on the 0.75 +/- acre parcel.
Property is owned by the US Dept. of HUD Case #071-150484. Seller makes no representations or warranties as to property condition and property is sold in as-is condition. Equal Housing Opportunity.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Sussex
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Listed by: John A Fifer
Brokers Realty Group, LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2078422
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Brokers Realty Group, LLC
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2078422
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