906 MCDOWELL DRIVE
About This Property
Inside, you are greeted by an inviting foyer that opens to a sun-splashed living room with hardwood floors and a decorative brick fireplace (the fireplace is currently non-functional). The open layout allows sight lines into the dining room and upgraded kitchen where you will find tile flooring, stainless-steel appliances, an elegant tile backsplash and under-cabinet lighting.
Upstairs, there are two comfortable bedrooms, a full bathroom, and a third bedroom that has been converted into an expansive walk-in closet, offering enviable storage. On the lower level, you will find a versatile fourth bedroom (ideal for guests or a home office) and a convenient half bath, along with a large mudroom/laundry room off the garage that provides plenty of storage and makes day-to-day living effortless. Natural light pours through oversized windows, giving every room a bright, airy ambiance.
Outside, a six-foot vinyl privacy fence surrounds the generous yard. Ideal for pets, gardening or alfresco entertaining. An attached garage and double driveway provide ample parking, and the corner lot affords extra elbow room and curb appeal.
The location cannot be beat: this home is minutes from Route 1 and Route 13 and just a quick drive to Kohl's, the Dover Mall, Bally's Dover Casino & Resort, HomeGoods, Target, Safeway, Walmart and other shopping and dining conveniences. You are also close to Dover Air Force Base and local parks. With easy-care landscaping and sophisticated touches throughout, this charming property delivers upscale living in an accessible package.
Whether you are starting out or simplifying life, 906 McDowell Drive offers the perfect mix of style, space and convenience, welcome 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017