624 RIVER ROAD
About This Property
Every feature has been updated with excellence, from the new HVAC system and energy-efficient tankless hot water heater to the new washer and dryer tucked neatly in the laundry closet. A covered carport with storage and a private backyard adds both function and charm, offering the perfect setup for everyday living.
Ideally located close to public transportation and an abundance of local amenities, this home places you minutes from Target, Safeway, Dover Mall, Bally's Casino, Delaware State University, HomeGoods, TJ Maxx, Starbucks, and Dunkin' Donuts. With everything you need nearby and every detail already completed, 624 River Rd is move-in ready and waiting to welcome you home.
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 11, 2025 | Price Increased |
$225,000
↑ $10K
(4.7%) | |
| Price Increased | |||
| Nov 11, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Listed by Empower Real Estate, LLC | $215,000 | |
| Listed by Empower Real Estate, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017