33512 AUBURN DRIVE
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 10, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Price Decreased |
$699,000
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Jun 2, 2025 | Listed by McWilliams/Ballard, Inc. | $729,000 | |
| Listed by McWilliams/Ballard, Inc. | |||
| | |||
|
Gorgeous and spacious home ideally situated between Rehoboth Beach and Lewes Beach in Redden Ridge. Turn Left for Lewes or right for Rehoboth. Super convenient to coastal beaches, downtown lifestyle, fantastic restaurants, groceries and outlet shopping! Three levels, four bedrooms, four bathrooms, 2-car garage, separate laundry room, rear patio, chef’s kitchen, gas fireplace, flexible recreation/bonus room and loads of storage. Plenty of room to add an extra bedroom with existing built-in egress. Two of the bedrooms are ensuite including the main level primary bedroom. The primary bedroom boasts a large expanded private sitting area for cozy morning coffee time, afternoon tea or watching your favorite shows and there is plenty of room for two in the large walk-in closet. The natural light and easy flow of this stunning home is perfect for entertaining and the home offers the perfect blend of convenience, space, and luxury. Community perks include an outdoor pool and club house. Make it yours today!
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| Apr 5, 2025 | Price Decreased |
$729,000
↓ $19K
(2.5%) | |
| Price Decreased | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017