217 MARINA DRIVE
About This Property
Inside, a great room features soaring vaulted ceilings, a cozy fireplace, and an arched window that floods the space with natural light. The open-concept of the living, dining and kitchen area is the perfect setting for hosting friends and family. The main level is designed for convenience, hosting a private primary suite with a soaking tub and walk-in closet, alongside a dedicated home office and laundry room. Upstairs, a versatile loft overlooks the living area, leading to two additional spacious bedrooms as well as a bonus room/fourth bedroom that can be used to host all your family this summer. The exterior is a true retreat, featuring an expansive three-season porch and an open deck overlooking a lush, private backyard. Perfect for the coastal lifestyle, the property also includes a convenient outdoor shower-ideal for rinsing off after a day at the nearby beaches before heading into town for dinner. This residence offers an exceptional coastal lifestyle in one of Delaware's most desirable locations.
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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