$522,000
●
House -
Off Market
200 HENLOPEN STAT #202B
REHOBOTH BEACH, DE 19971
2 Beds
2 Baths
$3,289
Est. Monthly
$711
HOA / Fees
2.49%
Cap Rate
About This Property
This condominium sounds like a fantastic investment opportunity!
Its location close to downtown, combined with its flexibility for
weekly rentals and Airbnb, make it very attractive. The potential
rental income figures are promising, especially during prime
season. It can possibly rent for $1995- a week during prime season
and year-round for $2000-/month.
The layout seems well-designed for both comfort and functionality, with the open concept living space, hardwood floors, and a spacious deck overlooking the pool. The two bedrooms and two bathrooms, along with updated features like new vanities and toilets, add to its appeal. The kitchen has new stainless steel appliances.
Moreover, amenities like assigned parking, mature landscaping, a community pool, grill area, dining gazebo, and covered bike storage enhance the overall value of the property. Its proximity to the Breakwater bike trail and the easy access to town and the beach make it even more appealing to potential renters.
Overall, it seems like a highly desirable property with great potential for rental income and enjoyment for both tenants and owners alike.
Immediate showings
The layout seems well-designed for both comfort and functionality, with the open concept living space, hardwood floors, and a spacious deck overlooking the pool. The two bedrooms and two bathrooms, along with updated features like new vanities and toilets, add to its appeal. The kitchen has new stainless steel appliances.
Moreover, amenities like assigned parking, mature landscaping, a community pool, grill area, dining gazebo, and covered bike storage enhance the overall value of the property. Its proximity to the Breakwater bike trail and the easy access to town and the beach make it even more appealing to potential renters.
Overall, it seems like a highly desirable property with great potential for rental income and enjoyment for both tenants and owners alike.
Immediate showings
Unit Size
-
Days on Market
14 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$70
HOA Dues
$711
Year Built
-
Payment Calculator
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Cap Rate Calculator
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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: 3 years ago (Bright MLS #DESU2055804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Sep 3, 2024 | In contract | - | |
| In contract | |||
| Apr 16, 2024 | Price Decreased |
$525,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Mar 25, 2024 | Price Decreased |
$530,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Feb 21, 2024 | Listed by McWilliams/Ballard, Inc. | $535,000 | |
| Listed by McWilliams/Ballard, Inc. | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms on Main Level: 2
Interior Features: Built-Ins, Carpet, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Country, Primary Bath(s), Bathroom - Soaking Tub, Bathroom - Stall Shower, Window Treatments, Wood Floors
Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Living Area Square Feet Source: Assessor
Laundry Type: Dryer In Unit, Washer In Unit
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Property Condition: Very Good
Year Built Source: Estimated
Foundation Details: Concrete Perimeter
Other Structures: Above Grade, Below Grade
Roof: Architectural Shingle
Structure Type: Unit/Flat/Apartment
Construction Materials: Stone, Vinyl Siding
Unit Building Type: Garden 1 - 4 Floors
Building Name: NONE AVAILABLE
Community Pool
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Assessed Value: $17,100
Financial Details
County Tax: $77
County Tax Payment Frequency: Annually
Tax Assessed Value: $17,100
Tax Year: 2023
Tax Annual Amount: $842
Year Assessed: 2023
Utilities Details
Cooling Type: Heat Pump(s)
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Lawn Maintenance, Common Area Maintenance, Management, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool - Outdoor
HOA Fee: $711
HOA Fee Frequency: Quarterly
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/18/2026
|
2 Bed
|
2 Bath
|
936 ft²
|
$519,999
2 Bed
2 Bath
936 ft²
|
-
-
|
CYNTHIA MYERS
Berkshire Hathaway HomeServices PenFed Realty
| |
|
02/21/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$535,000
2 Bed
2 Bath
1000 ft²
|
$525,000
-1.87%
05/20/2025
|
Shawn McDonnell
Jack Lingo - Lewes
| |
|
02/21/2024
|
2 Bed
|
2 Bath
|
-
|
$535,000
2 Bed
2 Bath
|
$522,000
-2.43%
09/17/2024
|
FRANK HORNSTEIN
EXP Realty, LLC
| |
|
08/07/2023
| |
2 Bed
|
2 Bath
|
-
|
$494,000
2 Bed
2 Bath
|
-
-
|
Kevin Odle
Greenville
|
|
08/07/2023
|
2 Bed
|
2 Bath
|
-
|
$494,000
2 Bed
2 Bath
|
$552,000
+11.74%
10/27/2023
|
Kevin Odle
Greenville
| |
|
12/09/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$495,000
2 Bed
2 Bath
1000 ft²
|
$495,000
02/06/2023
|
LUCIUS WEBB
Jack Lingo - Rehoboth
| |
|
04/29/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$485,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
CHERYL CROWE
Jack Lingo - Rehoboth
| |
|
03/31/2022
|
2 Bed
|
2 Bath
|
980 ft²
|
$449,900
2 Bed
2 Bath
980 ft²
|
-
-
|
SHIRLEY KALVINSKY
Jack Lingo - Rehoboth
| |
|
05/08/2019
|
2 Bed
|
2 Bath
|
1169 ft²
|
$325,000
2 Bed
2 Bath
1169 ft²
|
-
-
|
-
| |
|
02/25/2019
|
2 Bed
|
2 Bath
|
-
|
$310,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/30/2019
|
2 Bed
|
2 Bath
|
-
|
$319,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/12/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
05/12/2018
|
2 Bed
|
2 Bath
|
980 ft²
|
$263,000
2 Bed
2 Bath
980 ft²
|
$263,000
06/11/2018
|
CYNTHIA MYERS
Berkshire Hathaway HomeServices PenFed Realty
|
Building Info
About Sussex
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Listed by: FRANK HORNSTEIN
McWilliams/Ballard, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2055804
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.
McWilliams/Ballard, Inc.
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DESU2055804
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