39195 ALAPOCUS DRIVE
About This Property
Meticulously cared for, this home has many aftermarket upgrades which include a rear deck off of the screened in porch, a large paver patio in the rear of the home along with a paver walkway in the front of the home. The home has been professionally landscaped on all sides and is beautifully done!
The side porch includes a hot tub. The garage has been painted and the flooring is epoxy. The kitchen in this home is stunning! It features a large island, granite counters, a wall oven and microwave, tiled backsplash, wine refrigerator, and large pantry.
The living area is a great place to gather around the fireplace and also has a vaulted ceiling making the space feel larger than 2300 sq ft.
Schedule your showing today and become a part of this fantastic community! If you are looking for an active community with many amenities, Bishops Landing has it all and is only 4 miles to Bethany Beach! The community beach shuttle will take you there!
(weekly rentals allowed in the community)
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017