22523 CROUCHS LANE
About This Property
The property consists of two deeded parcels, offering the potential to obtain a second sewer allocation for the adjoining 1+ acre lot (buyer to verify with Kent County Planning & Zoning). Those looking to renovate will appreciate that the existing home is located outside the 100-foot Critical Area buffer, making future improvements more feasible.
Relax on the deck and take in the peaceful surroundings, where blue herons, bald eagles, deer, and other wildlife are frequent visitors. One of the area's oldest and largest bald eagle nests can be seen just across the creek, adding to the property's truly special setting.
Whether you're dreaming of restoring the existing home, building for the future, or simply enjoying the tranquility of this unique waterfront escape, the possibilities are endless.
Please note: When visiting the property, drive all the way into the driveway and do not park or turn around on neighboring properties.
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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