21715 A STREET
About This Property
The sale includes a 2016 battery-powered golf cart and two kayaks, ensuring you are ready to enjoy the water from day one! This home is perfectly positioned within the community-just moments away from the pool and waterfront area. Embrace the resort lifestyle with incredible amenities, including a bay-front pool, private beach, park, and a fishing/crabbing pier. Boating enthusiasts will love the on-site marina and boat ramp!
Convenience is key; water and trash pickup are included in the lot rent, and you are just a short 10-minute drive to the Rehoboth Beach Boardwalk. Don't miss this opportunity to own a slice of paradise!
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 15, 2026 | Price Decreased |
$159,900
↓ $5K
(3%) | |
| Price Decreased | |||
| Dec 19, 2025 | Listed by Keller Williams Realty | $164,900 | |
| Listed by Keller Williams Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017