37211 FLORIDA DRIVE
About This Property
Situated on a desirable corner lot near the entrance of the neighborhood, the property offers a spacious backyard, perfect for relaxing or entertaining, along with a storage shed for all your beach gear, tools, and outdoor toys.
Inside, you'll appreciate the bright, open floor plan that seamlessly connects the living room and kitchen, creating an inviting space for everyday living and gatherings. The private primary suite features a large bedroom, dual vanity, and a walk-in shower. On the opposite end of the home, you'll find two additional generously sized bedrooms, a full hall bath with a tub/shower combination, and a convenient built-in desk/workstation that's perfect for working from home, studying, or managing daily tasks.
Whether you're looking for a year-round residence, a vacation retreat, or an investment opportunity near Delaware's award-winning beaches, this move-in-ready home offers comfort, convenience, and exceptional value.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Sep 14, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Price Decreased |
$259,900
↓ $5K
(1.9%) | |
| Price Decreased | |||
| Aug 9, 2026 | Price Decreased |
$264,900
↓ $4K
(1.5%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed by Keller Williams Realty Delmarva | $269,000 | |
| Listed by Keller Williams Realty Delmarva | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017