7 THOMPSON COURT
About This Property
Cozy reading nook greets you before retiring for the night. Three of the five bedrooms include private en-suite baths, providing added comfort and privacy. Designed for relaxed coastal living, the home's thoughtful layout ensures ample space for family and guests alike. Enjoy the tranquility of the community's private pool or explore the scenic Junction and Breakwater bike trail just minutes away. This property is a rare opportunity to own in one of Rehoboth's most desirable neighborhoods, blending peaceful retreat with convenient access to the beach and downtown excitement. Don't miss out on this beautifully maintained home.
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 3, 2025 | Listed by Jack Lingo - Rehoboth | $1,399,900 | |
| Listed by Jack Lingo - Rehoboth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017