340 DELAWARE CIR
About This Property
Rare find and centrally located within walking distance to the University of Delaware and all of the shops and restaurants on Main Street. You will be pleasantly surprised with the privacy that this quaint home offers, with its mature landscaping and privacy hedging. And a shed for all of your storage needs. On the inside you will find a nicely maintained home with many recent updates, and plenty of natural lights via the floor to ceiling windows and French patio doors.
On the main level you will find the living room and combination dining/kitchen area with stainless steel appliances. Upstairs you will find two nicely sized bedrooms and an updated tiled full bathroom. The lower level is finished off with a family room , a half bath and the laundry/mechanical room. This beautifully maintained home woukd be ideal for first time buyers, retirees, or short term rental investors.
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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