SPACIOUS COASTAL RETREAT! Ideally situated just one property off
the bay in the established community of Old Landing, this
impeccably kept home offers 3,654 total square feet of living
space, glimpses of the sparkling waters of The Rehoboth Bay, and
extensive capital upgrades throughout. Step inside to discover a
versatile floor plan with fresh interior paint, updated flooring
across both levels, updated lighting, and stylish barn doors. The
main level features a sunlit living room with a cozy fireplace, an
open dining area, open to the country kitchen, and a primary
bedroom suite complete with a walk-in closet and private bath.
Additional main-level spaces include flex room options, with direct
access through new sliding glass doors to the expansive backyard as
well as loft access to the dedicated pool/game room equipped with
its own mini-split unit. Upstairs, you will find massive secondary
bedrooms with spacious closets & dedicated storage areas. Major
exterior and system enhancements provide complete peace of mind,
including a fully wrapped exterior, new windows, new front and
garage doors, a new driveway, updated electric, new ceiling fans,
and a fully encapsulated crawlspace with sump pump. Complete with a
classic front porch perfect for taking in the bay breeze, this
property delivers an unbeatable combination of size, location, and
turn-key value just minutes from the beach. Call and schedule your
showing today!
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.
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