33010 OGRE DRIVE
About This Property
EXCEPTIONAL OUTDOOR LIVING space extends directly from the dining area, where a large composite deck overlooks a thoughtfully designed paver patio. This multi-level setup creates a versatile space for grilling, entertaining, or unwinding after a day at the beach. The fully fenced-in backyard adds privacy and security, making it ideal for pets, children, or peaceful evenings outdoors in your own private oasis. Move-in ready and thoughtfully cared for, this coastal home presents a special opportunity to own in one of Delaware's most desirable beach communities.
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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 Ocean View
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017