641 ADAMS DR
About This Property
Large back yard has newer wooden privacy fencing, an in-ground pool and a storage shed. Located within minutes of downtown Milford and the Bayhealth Hospital Campus. Located approximately 25 miles from the beach resorts of Lewes and Rehoboth Beach and approximately 20 miles from the Dover Air Force Base, this home is centrally located for all your needs.
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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 |
|---|---|---|---|
| Nov 22, 2023 | Sold | ||
| Sold | |||
| Oct 15, 2023 | In contract | - | |
| In contract | |||
| Oct 7, 2023 | Listed by Brokers Realty Group, LLC | $259,900 | |
| Listed by Brokers Realty Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017