TURN-KEY RETREAT IN BAY CROSSING! Step into a home that feels brand
new where nearly every major system has been updated, including
HVAC and appliances, situated on a private wooded lot in Bay
Crossing. This expansive residence offers 4,608 total square feet
of meticulously maintained space , featuring newly installed
hardwood floors throughout the first level, including the living
room, sunroom, kitchen, and all three first-floor bedrooms. The
sophisticated main level is designed for effortless entertaining,
boasting a light-filled living room with soaring vaulted ceilings
and a cozy fireplace. The gourmet kitchen has been thoughtfully
updated with a new microwave (2023), disposal (2022), and a stylish
new faucet, while the primary suite serves as a true retreat with a
spa-like bathroom and double vanity. The versatile, finished lower
level provides an incredible 2,023 square feet of additional living
space, highlighted by an enormous Family Room (32'8" x 56'3") and a
private 4th bedroom with a walk-in closet. Outdoor living options
are equally impressive, with an extended front porch, and a
spacious back deck overlooking mature woods. Peace of mind is
guaranteed with a comprehensive list of recent maintenance and
upgrades, including a power wash in 2026, a freshly painted
interior, and Leaf Filter protection on all back gutters. This home
represents the pinnacle of Delaware coastal living, combining
plenty of space with "like-new" quality. Great East of Rt One
location with easy access to shopping, dining, and attractions. Be
part of this exceptional community and benefit from lawn care, snow
removal, social opportunities, and so much more. Call Today!
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.
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