66
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5 STATE ROAD
About This Property
You can start your mornings sipping cappuccino on the cozy L-shaped screened porch and spend your evenings dining al fresco with room for all. The home features a bright, updated kitchen with a fantastic breakfast bar and inviting living spaces. With five bedrooms, two full baths, an outside shower, plenty of room to barbecue, and a fenced area for your favorite pet, this home has everything you need.
Whether you're searching for a full-time residence, a vacation getaway, or an investment property, this home offers exceptional versatility with major rental potential. Don't miss this outstanding opportunity to own a turnkey beach home at an 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 7, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by RE/MAX Realty Group Rehoboth | $1,625,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
| Oct 2, 2023 | Sold | ||
| Sold | |||
| Aug 25, 2023 | Listed by RE/MAX Realty Group Rehoboth | $1,595,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
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About Rehoboth Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017