33765 SHAWNEE DR
About This Property
Situated on one of the largest lots in the area, spanning 16,200 square feet (120 x 135), there's plenty of room for expansion or outdoor activities in this serene, private setting. Residents enjoy a plethora of amenities, including access to community piers for crabbing and fishing, as well as launching spots for kayaks and paddleboards, all while savoring breathtaking sunsets from the communal pier.
Outdoor enthusiasts will delight in the community's facilities, such as a playground, basketball court, covered picnic area, and additional pier, offering endless recreational opportunities. With minimal HOA fees, this community ensures comfort and enjoyment without financial strain.
Nearby, residents have access to Bethany Beach, dining options, shopping centers, medical facilities, state parks, marinas, premier fishing spots, and golf courses.
Perfectly positioned for water enthusiasts, the property provides easy access to Holts Landing State Park, connecting seamlessly to the vast ocean. Don't miss the chance to make this remarkable property your own – schedule a viewing today! Prelisting Inspection from Gold Standard on file for pre approved and verifiable cash buyers, contact listing agent for a copy request.
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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