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409 Rehoboth Ave Apt 18 Rehoboth Beach, DE 19971
  • 2 Beds
  • 2 Baths
  • 1,100 Sq. Ft
  • Built In 1974
Active
$385,000
RentRange AVM
$1,160 /mo

Financial Performance

Gross Yield

3.62%

based on an annual rent of $13,920.00 divided by the offer price of $385,000.00.

Net Yield

0.36%

based on a yearly adjusted income of $12,806.40 minus the total annual expense of $11,417.01 divided by the offer price of $385,000.00.

Cash Flow

$1,389

based on a yearly adjusted income of $12,806.40 minus the total annual expense of $11,417.01 and yearly mortgage expense.

Home Details

Stunning views from a premier, in-town, rarely available location in the heart of Rehoboth Beach Walk to the beach, boardwalk, shopping, entertainment and dining. This three-level, two bedroom and two bathroom unit is well maintained and features an open floor plan design that offers numerous features, including tile floors, granite counter tops, new refrigerator, washer/dryer and two balconies overlooking Rehoboth Avenue. Excellent investment property or second/vacation home. Private off-street parking.
Features

  • listed date Listed Date: January 21, 2017
  • year built Year built: 1974
  • square footage SqFt: 1,100
  • price per square foot Price/SqFt: $350
  • bedrooms Bed: 2
  • bathrooms Bath: 2
  • property type Type:   Condo
  • county County: Sussex
  • Listing ID: 711320
409 Rehoboth Ave Apt 18 Rehoboth Beach, DE 19971
  • 2 Beds
  • 2 Baths
  • 1,100 Sq. Ft
  • Built In 1974
Active
$385,000
RentRange AVM
$1,160 /mo

Gross Yield

3.62%

based on an annual rent of $13,920.00 divided by the offer price of $385,000.00.

Net Yield

0.36%

based on a yearly adjusted income of $12,806.40 minus the total annual expense of $11,417.01 divided by the offer price of $385,000.00.

Cash Flow

$1,389

based on a yearly adjusted income of $12,806.40 minus the total annual expense of $11,417.01 and yearly mortgage expense.

Home Details

Stunning views from a premier, in-town, rarely available location in the heart of Rehoboth Beach Walk to the beach, boardwalk, shopping, entertainment and dining. This three-level, two bedroom and two bathroom unit is well maintained and features an open floor plan design that offers numerous features, including tile floors, granite counter tops, new refrigerator, washer/dryer and two balconies overlooking Rehoboth Avenue. Excellent investment property or second/vacation home. Private off-street parking.
Features

  • listed date Listed Date: January 21, 2017
  • property type Type:   Condo
  • year built Year built: 1974
  • square footage SqFt: 1,100
  • price per square foot Price/SqFt: $350
  • bedrooms Bed: 2
  • bathrooms Bath: 2
  • county County: Sussex
  • Listing ID: 711320

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