38555 GOLDFINCH LANE
About This Property
Residents of Bay Forest enjoy an amenity-rich lifestyle with a beautiful clubhouse offering entertaining areas, library, dining room, and fitness center. Rentals are permitted with a 7-night minimum, making this a great investment for second homeowner. Outdoor amenities include a resort-style pool with lap lanes and kiddie pool, putting green, playground, tennis, bocce and horseshoe courts, kayak launch marina, and beach shuttle service. Ideally located just minutes from downtown Ocean View and the pristine shores of Bethany Beach, you'll enjoy easy access to coastal dining, shopping, entertainment, miles of shoreline, boating, and scenic walking trails.
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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 |
|---|---|---|---|
| Jul 9, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by Compass | $950,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017