30390 E MILL RUN
About This Property
- The foyer opens to a light-filled interior featuring hardwood floors, plantation shutters, and elegant box trim detailing in the living room. The layout flows seamlessly into the dining area, highlighted by a custom light fixture and sliding glass doors leading to the hardscaped patio. The open-concept kitchen is designed for both everyday living and hosting, complete with stainless steel appliances, a center island with counter seating, recessed lighting, and a distinctive designer fixture. Step outside to enjoy a beautifully landscaped backyard featuring a hardscaped rear patio-ideal for relaxing or entertaining-along with an outdoor shower that makes beach days a breeze and a gardening shed for added storage and convenience. An irrigation system and beautifully maintained landscaping with accent lighting create a relaxing atmosphere for you and your guests. This beautifully maintained home has been thoughtfully upgraded over the years, offering modern comfort, style, and peace of mind.
- The kitchen has been tastefully renovated with upgraded cabinets, countertops, and appliances, creating a functional and stylish centerpiece of the home. Additional interior enhancements include plantation shutters, updated lighting, and multiple ceiling fans for added comfort throughout. The home also features a water filtration system and wiring for a portable generator. A storage shed provides extra convenience, while recent exterior updates-including new front porch posts and handrails, a new garage door and opener, a new back garage door, and a dining room slider-enhance both curb appeal and functionality.
- Key system upgrades include a new roof (2020), HVAC system (2018), water heater (2020), crawl space encapsulation (2021), ensuring efficiency and reliability, and leased Tesla solar panels for energy efficiency (transferable to the new owner). This move-in ready home offers a wonderful blend of thoughtful updates and everyday livability, inside and out. Residents of Overbrook Shores enjoy access to a community dock and pier on Red Mill Pond.
- Conveniently located just 15 minutes from downtown Lewes, the beaches, the Cape May-Lewes Ferry, and Route 1's shopping, dining, and entertainment options, this home offers the perfect balance of tranquility and accessibility.
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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