25371 BRANCH LN
About This Property
Noteworthy upgrades include the screened-in porch addition with a porch protection system by a licensed contractor, Leaf Filter gutter guards, custom patio pavers, and a finished basement that includes a full bathroom with a deep soaking tub, with the opportunity to add two additional bedrooms if desired. An additional 1,000 square feet of unfinished basement offers ample space for storage, or can be finished to fit a variety of needs. While this home sits less than 10 miles from Lewes Beach and all the wonderful dining/shopping the area has to offer, you definitely wouldn't want to miss out on this beauty!
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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