Welcome to this tastefully updated and meticulously maintained
home, tucked away in a small enclave of just 21 homes and only 3
miles from Bethany Beach. From the moment you walk in, you'll
appreciate the abundance of natural light and thoughtful details
throughout, including beautiful hardwood floors, 3-piece crown
molding, wainscoting, custom blinds and curtains and a dramatic
2-story family room featuring a coffered ceiling. There's even a
chandelier lift in the foyer to make cleaning and bulb replacement
easy. A 3-sided fireplace adds warmth and ambiance to the
great room, sunroom, and kitchen. The well-appointed kitchen offers
quartz countertops, stainless steel appliances, travertine
backsplash, and a movable island making it as functional as it is
stylish. Outside, the spacious and private tree-lined backyard and
paver patio are the perfect place to entertain, relax, and enjoy.
There's a 2-stall garage for vehicles and an attached storage
garage for all your beach gear, bikes, mower and more. You'll have
peace of mind knowing all the home's major systems have been
updated too. (See list attached) Enjoy the community pool and the
best of coastal living in a peaceful setting that's close to
everything Bethany Beach has to offer.
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.
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