226 UNIVERSITY DRIVE
About This Property
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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 |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by Patterson-Schwartz-OceanView | $824,900 | |
| Listed by Patterson-Schwartz-OceanView | |||
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RARE opportunity to own a custom Amish-built home in the town limits of beautiful Historic Lewes!! This barely lived in, sparingly used home still has that new home smell as soon as you walk in to its vast open floor plan. Situated in the highly sought after community of Reserve at Pilottown, this home features an owner's bedroom with ensuite bathroom, separated guest bedrooms, an exquisite hardscaped paver courtyard in the back yard with enclosed fencing for privacy. The home started as a beach house and is now ready for new owners to enjoy all the fruits that Lewes has to offer. Imagine watching the fireworks from your front yard, walking to nearby restaurants, bike trails, dog park, ice cream parlors and more!! With the low maintenance of a community with minimal HOA fees and a home that is TURN-KEY move in ready, simply drop your suitcases and enjoy. You will instantly feel at home in this community with an active feel as many of the owners enjoy walking their dogs and scenic views of nearby parks. If you pull out of the driveway, you are only 10 minutes tops from Cape Henlopen State Park! The benefits of owning this home are unparalleled and this home is being offered furnished. Come see this turn-key home before it is gone!
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| Feb 1, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017