18844 COOL SPRING RD
About This Property
Welcome to your private retreat just minutes from Lewes, Milton, Long Neck, and Georgetown! Situated on 2 acres with no HOA, this property offers endless possibilities-whether you're dreaming of a pool, a garden, or even space for horses. With no water or sewer bills and plenty of open space, enjoy the freedom of country living without sacrificing convenience.
Step inside to a split floor plan featuring 3 bedrooms and 2 full baths. The primary suite includes a spacious walk-in closet, soaking tub, and separate shower. The home opens with a welcoming living room, which flows into a large kitchen, dining area, and a cozy family room with a gas fireplace.
A spacious sunroom with a pellet stove overlooks the fenced backyard, ideal for relaxing while enjoying your private green space. Recent updates include a newer roof, windows, HVAC system, and modern appliances, offering peace of mind and efficiency.
Outdoor lovers will appreciate the easy access to the Georgetown-Lewes bike trail just around the corner at the Cool Spring Rd/Route 9 trailhead.
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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