23209 BRIDGEWAY
About This Property
Nestled among mature pines in a quiet yet convenient setting, the home welcomes you with an expansive front deck-perfect for relaxing with your morning coffee or unwinding after a day at the beach. Inside, the open-concept main level features soaring vaulted ceilings, a dramatic two-story living room with clerestory windows, an exposed beam with ceiling fan, and sliding glass doors that flood the space with natural light and open to the front deck.
The beautifully updated kitchen showcases new stainless steel appliances, upgraded countertops, a classic subway tile backsplash, and a convenient coffee bar. Luxury vinyl plank flooring extends throughout the home, creating a cohesive, low-maintenance interior. The main-level bedroom offers a wall of closet space, while the remodeled full bath features a tiled tub/shower surround and ceramic tile flooring.
Upstairs, the spacious loft-style bedroom easily accommodates additional family or guests and includes a cozy reading nook or flex space. Recent improvements provide added peace of mind, including a newly encapsulated crawl space with sump pump (2023), new water heater (2022), and a storage shed added in 2023. The encapsulated crawlspace is 576 square feet.
The shaded backyard offers a private retreat with a fire pit, perfect for gathering under the trees. Residents of Angola by the Bay enjoy an impressive array of amenities, including a gated entrance, outdoor pool, clubhouse, boat ramp, marina with boat slips, fishing and crabbing pier, lake access, walking paths, picnic areas, baseball field, basketball, tennis and volleyball courts, playgrounds, and water privileges. Located within the Cape Henlopen School District and just 20 minutes from downtown Lewes, Delaware's beautiful beaches, shopping, dining, and entertainment, this exceptional property delivers the best of coastal living with year-round appeal.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017