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345 HICKMAN STREET
About This Property
This charming 4-bedroom home offers the quintessential Rehoboth lifestyle-walk to the beach, wander down to the boardwalk, grab your morning coffee, browse the shops, and enjoy dinner downtown, all without getting in the car. Lovingly maintained and thoughtfully updated, this home beautifully blends the nostalgia and character of a classic Rehoboth Beach retreat with the comforts of today. The kitchen flows seamlessly into the open and inviting living room, creating a welcoming space for gathering with family and friends. The front screened porch, enhanced with EZ Breeze windows installed in 2024, is the perfect spot for morning coffee, an afternoon read, or unwinding after a day at the beach while enjoying the coastal breeze.
Recent updates and features include new upstairs flooring in 2026, a tankless water heater, irrigation system, and two-zone heating and cooling for year-round comfort. Whether you're looking for a beloved family beach house, a full-time residence, a second home, or a proven income-producing property, this home delivers.
It boasts an impressive rental history, averaging approximately $60,000 annually, and is being offered mostly furnished-making it easy to settle in and start enjoying the Rehoboth lifestyle from day one.
There is something special about a home where you can leave the car in the driveway and walk to the places that make Rehoboth Beach so memorable. From beach days and boardwalk strolls to ice cream after dinner and evenings spent exploring downtown, this is the kind of location that evokes the best of Rehoboth's timeless appeal. Homes in Country Club Estates rarely come on the market-don't miss this opportunity to own your own piece of classic Rehoboth Beach.
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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 Rehoboth Beach
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$3,000 /mo
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$4,500 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017