88 SILVER LAKE RD
About This Property
Inside, you'll discover 3 spacious bedrooms and 2 well-appointed bathrooms, including a primary suite that features a jetted tub-perfect for soaking away the stresses of the day. The home has been thoughtfully updated with new flooring throughout, adding a fresh and contemporary feel.
The heart of this home is the expansive living area, where an oversized living room flows seamlessly into an open gourmet kitchen. Outfitted with stainless steel appliances, this space is perfect for entertaining and daily living alike. The enclosed four-season sunroom provides a cozy retreat, offering year-round enjoyment of the serene surroundings.
The property is not only beautiful but also practical, featuring a whole-house generator and leased solar panels at an affordable $122 per month. An attached two-car garage with extra-high ceilings offers convenience, while two additional detached garages provide ample storage or workspace.
This versatile land includes a portion that is currently farmed, as well as a well-stocked wooded area for your outdoor adventures. The seller has taken the extra steps to ensure a smooth transition, providing recent certifications for the well, termite inspection, and septic system.
Adding to its allure, this property is ideally located less than 30 minutes from Delaware, 45 minutes from Philadelphia International Airport, and approximately 1 hour from the NJ shore, making it the perfect balance of seclusion and accessibility.
Don't miss this rare opportunity to own a piece of paradise-schedule your private tour today! Make sure to watch the video tour.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017