18395 MCCOLLEYS CHAPEL ROAD
About This Property
Step inside this adorable 2-bedroom, 1-bathroom home designed for simple living with seamless flow provided by both dedicated front and back entrances. The interior features classic wood-paneled walls, accent wallpapers, and ceiling fans throughout that create an inviting, rustic charm. The functional kitchen comes outfitted with essential appliances and a cozy dining nook ready for your morning coffee. Outside the main living space, enjoy a screened-in porch and covered side walkway that are ideal for unwinding away from the elements.
The expansive level yard provides endless potential for gardening, outdoor entertaining, or parking your recreational vehicles, boats, and trailers without restrictive rules. Storage is abundant with a detached 2-car metal garage perfect for covered vehicle parking, a workshop, or extra gear storage, plus two additional storage sheds on the property. Backing to the main highway corridor, this lot provides quick, hassle-free commuter access while maintaining a spacious, open backdrop. Located in Georgetown, you are centrally located in Sussex County with easy access to the historic Georgetown Circle, state parks, and famous tax-free shopping at the beach. Don't miss this rare opportunity to own your country cottage with total freedom and incredible potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by The Parker Group | $195,000 | |
| Listed by The Parker Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017