60
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8 VIRGINIA AVENUE
About This Property
Rare opportunity to offset your ownership costs or create a powerful investment opportunity by renting the downstairs space while enjoying the upstairs for yourself - generating an estimated $30,000+ annually in rental income for just the downstairs 1 bedroom space. Want even greater earning potential? Rent both levels for maximum income possibilities in this highly desirable coastal location. Nestled in the charming community of Broadkill Beach, this delightful coastal home offers a perfect blend of comfort and style, ideal for those seeking a serene retreat. Built in 1950 and thoughtfully renovated in 2021, this residence boasts a timeless appeal with modern conveniences. Step inside to discover a warm and inviting interior featuring three spacious bedrooms and three and a half bathrooms. The heart of the home is a beautifully designed country kitchen, complete with an island, pantry, and a cozy kitchenette, perfect for casual meals or entertaining. The open layout seamlessly connects the kitchen to the family room, where exposed beams add character and warmth. Natural light pours in through the window treatments, creating a bright and airy atmosphere throughout. The primary suite is a true sanctuary, featuring a luxurious soaking tub and a walk-in shower, providing a spa-like experience right at home. Additional interior highlights include plush carpeting, durable vinyl, and elegant hardwood flooring, ensuring both comfort and style in every room. Outside, the property continues to impress with its inviting exterior features. Enjoy the fresh coastal air on the enclosed porch or unwind on the spacious deck, perfect for summer gatherings or quiet evenings under the stars. An outside shower adds convenience after a day at the beach, while a shed provides extra storage for all your outdoor gear. With a lot size of 0.11 acres, this home offers a manageable outdoor space that is easy to maintain, allowing you to spend more time enjoying the nearby Delaware Bay. The stunning bay views create a picturesque backdrop, enhancing the overall tranquility of the property. Parking is a breeze with off-street and driveway options, ensuring you and your guests always have a place to park. This home is not just a residence; it's a lifestyle, offering the perfect blend of comfort, convenience, and coastal charm. Whether you're looking for a year-round home or a seasonal getaway, this property is ready to welcome you with open arms. Embrace the coastal living experience and make this charming Broadkill Beach home your own!
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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 |
|---|---|---|---|
| May 27, 2026 | Price Decreased |
$925,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$934,900
↓ $15K
(1.6%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Mar 9, 2026 | Price Decreased |
$975,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by Coldwell Banker Premier - Lewes | $985,000 | |
| Listed by Coldwell Banker Premier - Lewes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017