2 NORFOLK ST
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 29, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2023 | In contract | - | |
| In contract | |||
| Oct 18, 2023 | Listed by Jack Lingo - Rehoboth | $3,795,000 | |
| Listed by Jack Lingo - Rehoboth | |||
| Jul 13, 2017 | Listed | $2,795,000 | |
| Listed | |||
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Enjoy excellent ocean views, sunrises, and breezes while being only steps from the beach and Rehoboth Beach boardwalk! Properties in this location are rarely available - located one property from the beach on one of South Rehoboth's most desired streets. This grand home features 5 bedrooms, 4.5 baths, an inverted floor plan providing beautiful ocean views, natural light, and open concept perfect for entertaining. The spacious living area includes a gas fireplace, gourmet kitchen, formal dining room, hardwood floors, executive office and more. Exterior features include an abundance of deck space, full outdoor bathroom, large storage room for bikes & beach toys, backyard space, loads covered parking (7+ cars!) and more! The manager has listed the unit size as 3100 square feet.
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Property Highlights
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About Rehoboth Beach
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$2,250 /mo
- 3 Beds
- 2 Baths
$2,000 /mo
- 3 Beds
- 1 Bath
- 1,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017