24252 WATERS EDGE TRAIL
About This Property
Inside, the 1,824 sq. ft. home offers a comfortable, layout with serene water views and a natural connection to the outdoors. The first level features a bedroom, full bathroom, kitchen, laundry room, living room, dining area and sunroom with expansive windows. Upstairs holds two more bedrooms overlooking the water and a full bathroom. A large, unfinished basement provides even more flexibility-perfect for storage or hobbies. The interior of the cottage has just been freshly painted!
One of the property's standout features is the newly constructed, 50x25, detached garage with four garage doors and ample space for car enthusiasts, workshop needs, or substantial storage.
Enjoy the rare combination of no HOA, no flood zone, and peaceful, private waterfront living-just 11.8 miles to the Rehoboth Beach Boardwalk and 12.7 miles to Lewes Beach, giving you the best of both tranquil retreat and coastal convenience.
Whether you're searching for a full-time home, a vacation getaway, or a unique waterfront investment, this property is a true gem on Delaware's scenic coast.
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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