413 VIRDEN WAY
About This Property
Featuring 3,975+/- heated square feet, this desirable floor plan offers four spacious bedrooms, each with a private en-suite bath, two half baths and multiple living spaces for privacy and relaxation. The spacious gourmet kitchen is designed with striking quartz counters and backsplash, a large island with storage and breakfast bar, floating shelves, commercial-grade stainless steel appliances and a walk-in pantry. The kitchen is open to the great room where the wall of built-ins and cozy gas fireplace are a beautiful focal point. Complete with a wet bar and beverage fridge, this space was designed with entertaining in mind. The first-floor primary suite offers a private sitting room, executive office, bedroom with vaulted ceilings, dual walk-in closets, and a luxurious en-suite bath decorated with marble tile, dual vanities, and oversized, multi-head, spa style shower. The first level is also host to an impressive laundry room that allows access to the pool, outdoor shower and changing room. The second level of this stunning home is host to a second recreational room currently being used as a fitness room, 3 generously sized bedrooms each with upscale, en-suite baths, and ample storage that could be finished as future additional living space. The private yard features beautiful hardscape and landscaping that surrounds the custom 12.5'x 48' swimming pool. Heated for longer enjoyment, this pool features relaxing fountains, an automated safety cover and is like no other in the area. 413 Virden Way leaves little to the imagination and is being conveyed turn-key for convenience. This is your opportunity to be a part of one of the area's most beautiful and convenient communities in downtown Lewes.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017