22638 E CYPRESS WAY
About This Property
When you step inside this comfortably designed home you will discover spacious rooms and appreciate the one-floor living with 3 bedrooms and 2 bathrooms. Interior finishes include upgraded flooring, stainless appliances and granite counters in the kitchen, and a nicely sized primary bedroom with extensive closet space. The open floor plan creates a seamless flow between the living, dining, and kitchen areas, making it perfect for both relaxation and entertaining.
Situated on a premium lot, this property presents ample opportunities for outdoor expansion and customization. Imagine creating your own outdoor oasis, from extended patios to lush gardens, all within the privacy of your own space. Adding to the allure, a well for irrigation is in place, offering an environmentally friendly solution that not only nurtures your greenery but also trims down water expenses.
Whether you're seeking a year-round residence or a vacation escape, this home in Woodfield Preserve provides the quintessential coastal experience. With community amenities that include a dog park, community pool, and exercise-fitness room and its proximity to the beach, and the quaint charms of Lewes, this property gives you both the serenity of a quiet neighborhood and nearby access to water activities, golf, Cape Henlopen state park, and convenient shopping. Don't miss your chance to own a piece of paradise in this idyllic Delaware location.
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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