405 MARVEL ROAD
About This Property
HOA fees and located within the Milford city limits. Enjoy a walkable location close to
downtown Milford, multiple area schools, the new Bay Health Hospital, and convenient access
to DuPont Highway. Perfectly situated just 10–15 minutes from Slaughter Beach on the
Delaware Bay and only a short drive to Lewes and Rehoboth beaches.
This spacious classic ranch-style home offers 4 bedrooms, 2 baths, an attached one-car garage,
welcoming front porch, rear screened porch, and a large walk-out basement leading to the patio
and fully fenced backyard. Situated on a beautifully landscaped .45-acre lot, the property offers
exceptional privacy with lush tree line and stream views.
Recent improvements include a new roof, upgraded bathrooms, new electric HVAC system (with
removal of former baseboard heat and oil tank), new hot water heater, new 50-foot sewer line to
the street, and new screening on the back porch. Over $70,000 in improvements since 2023. Appraised value $334,000 before improvements.
Being sold As Is, but many major components have already been updated. Seller is offering a
one-year 2-10 Home Warranty. A true blank slate with endless potential for buyers with vision
to make it their own.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 29, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Price Decreased |
$379,900
↓ $10K
(2.6%) | |
| Price Decreased | |||
| May 22, 2026 | Price Decreased |
$389,900
↓ $10K
(2.5%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $399,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017