30455 E MILL RUN
About This Property
While the interior is ready for a complete aesthetic overhaul, the potential for equity is undeniable. The sprawling backyard offers a gentle slope to the water's edge, framed by mature trees and plenty of room for outdoor entertaining. Located just minutes from historic downtown Milton and a short drive to the Delaware beaches, this home is being sold strictly AS-IS. Whether you choose to renovate the existing structure or start fresh with a custom build, this is a rare chance to secure a lifestyle on the water at an incredible value. Don't miss your chance to own a piece of the pond!
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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.
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017