516 GLOVER ROAD
About This Property
Seller is a licensed real estate agent in DE, PA, and MD.
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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 1, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Price Decreased |
$369,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| May 3, 2025 | Listed by Realty Mark Cityscape | $379,300 | |
| Listed by Realty Mark Cityscape | |||
| Jul 30, 2017 | Listed | $177,000 | |
| Listed | |||
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516 Glover Road Wilmington, DE 19804 is a classic side-split level house with three bedrooms one and one half bath. The setting is a low volume interior neighborhood street with similar, well kept properties. It begins with nice curb appeal and an expansive fenced rear yard. Two sheds are placed at the far end of the level yard. A second drive accesses the side fence to the rear rear yard. The main drive leads to the single car attached garage with separate door access to the back yard. This familiar style floor plan has a main floor entrance. Here the living room, dining room, and kitchen are located. The kitchen is aged but good. A wood burning, brick fireplace runs along the exterior wall. Along the back of the house is a cozy addition. Three sides of jalousie windows line a comfortable room with patio access. The well organized kitchen has plenty of decent cabinets and counter space. The floor plan allows versatility and plenty of space. The lower level has a family room, a utility room, half bath, and garage access. There are three upper bedrooms and a full bath. Although pride of ownership is evident; the house is in need of creative upgrading. This is good candidate for a homeowner who wants to personalize to their desire. See attachment for PAS requirements and WFHM offer submittal information in MLS document section.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017