35611 WOLFE NECK ROAD
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by Coldwell Banker Realty | $415,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by Coldwell Banker Premier - Lewes | $309,900 | |
| Listed by Coldwell Banker Premier - Lewes | |||
| | |||
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4 BEDROOMS ON ITS OWN LAND with NO lot rent! This 4-bedroom, 3-bathroom home is ideally located East of Route 1 in Rehoboth Beach, offering easy access to the bike trails leading to Lewes & Rehoboth. With flexible rental options—weekly, seasonal, or year-round—this property makes a fantastic investment. Recent updates include a 2024 well pump, 2023 hot water heater, and luxury vinyl plank flooring. Enjoy outdoor living on the screened porch and take advantage of the shed for additional storage. The bike trails are just steps away, making this location a dream for cyclists and nature lovers alike!
Call today and schedule your appointment!
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| Jun 27, 1994 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017