22424 LEWES GEORGETOWN HIGHWAY
About This Property
The kitchen offers ample cabinetry and convenient access to the sunroom, ideal for enjoying your morning coffee or relaxing with a good book. Upstairs, an expansive bonus room provides flexible space for a home office, media room, or additional living area.
Outside, the large fenced backyard offers plenty of room for outdoor activities, gardening, or simply enjoying the peaceful setting. The attached garage includes both front and rear entry for added convenience.
Located just minutes from Georgetown's town center, shopping, dining, and parks, this home offers the best of small-town living with easy access to Delaware's beaches, Route 9, and local amenities.
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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 14, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Listed by The Parker Group | $259,900 | |
| Listed by The Parker Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017