22845 CAMP ARROWHEAD ROAD
About This Property
The home features two bedrooms and one bathroom, with all plumbing throughout the residence having been replaced and updated. The beautiful wood ceiling with skylight and ceiling fan flows from the living room to the kitchen. The open concept kitchen has stainless steel appliances, dual sinks and a center island with counter seating. Outside, the property includes two sheds and a gazebo, providing additional storage and space to relax and enjoy the surroundings. Separate access points from both Camp Arrowhead Road and Magnolia Road add to the property's convenience and potential.
With no HOA restrictions and two parcels included in the sale, this property presents a rare opportunity to enjoy, improve, or explore future development possibilities. Located in a desirable peninsula location across Rehoboth Bay from Delaware's renowned coastal beaches, you will be close to fishing, boating, attractions, outlet shopping, dining, and all the fun and relaxation that coastal living has to offer.
Bring your vision and discover the possibilities this unique Angola Neck Park property has to offer!
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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 |
|---|---|---|---|
| Oct 2, 2026 | Listed by Compass | $299,000 | |
| Listed by Compass | |||
| Nov 20, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017