34370 CENTRAL AVENUE
About This Property
Surrounded by open space and featuring ample parking, a storage shed, and a 6-foot privacy fence along much of the backyard, this property is designed for both functionality and outdoor enjoyment. Create your dream backyard retreat, entertain guests, or simply enjoy the peace and privacy that comes with owning acreage near the Delaware beaches.
Completely renovated down to the studs in 2023, this move-in-ready 3-bedroom home showcases quality upgrades throughout, including all-new windows, a new garage door, an epoxy-coated garage floor, luxury vinyl plank flooring, and modern finishes in every room. The beautifully redesigned kitchen serves as the heart of the home, flowing seamlessly into the spacious living and dining areas to create an open-concept layout ideal for entertaining and everyday living.
The oversized bedrooms provide comfort and flexibility, while the bright sunroom offers additional living space filled with natural light. Originally designed with accessibility in mind, the home features wide hallways and doorways, providing ease of movement and long-term functionality for a variety of lifestyles.
Whether you're searching for a primary residence near Bethany Beach, a second home close to the Delaware coast, or a property offering land, privacy, and modern upgrades, this rare opportunity checks every box. Enjoy the best of coastal Delaware living with the added benefit of acreage, no HOA fees, and a beautifully updated home ready for its next owner.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017