32 FALCON CREST DRIVE
About This Property
Step inside to find an open-concept living room with a soaring vaulted ceiling, creating an airy and inviting atmosphere ideal for entertaining or relaxing. A slider door just off the kitchen extends your entertaining space to the screened back porch, where you can enjoy the seasons overlooking the shaded backyard.
The thoughtfully designed floor plan offers privacy with a primary suite set apart from the two additional bedrooms. The primary retreat includes its own full bath and walk-in closet, while the secondary bedrooms are connected by a Jack and Jill bathroom featuring individual vanity sink areas.
Additional highlights include a covered front porch, front-attached garage, large paved driveway for plenty of parking, and a storage shed. The backyard provides both shade and space - perfect for gatherings, gardening, or simply unwinding outdoors.
Nestled in a desirable Falcon Crest community, this property offers a peaceful setting while keeping you close to everyday conveniences. Enjoy easy access to shopping, dining, and outdoor recreation, with Delaware's pristine beaches and coastal attractions just a short drive away.
32 Falcon Crest Drive is more than just a home - it's an opportunity to embrace the best of relaxed, coastal living. Property being sold as-is.
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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