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Archived 10 months ago

$799,500

5+ bd 4+ ba 2464 sqft

13406 Jefferson Ave, Selbyville, DE 19975

Residential SFR

Current Rent **

$6,650

Projected Rent **

$7,650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turn Key Rental Monster!

100% turn-key investment property will generate $80,000 in rental income this year. Offered fully furnished, this is a golden opportunity for savvy investors or a discerning buyer looking for a luxurious holiday sanctuary. This exquisite property boasts stylish decor, featuring a bright, coastal-inspired interior, a new kitchen and bathrooms, flooring, fresh paint, and high-quality finishes. This thoughtfully designed home spans two levels, both with outdoor decks to savor the coastal breeze. The main level opens to a stunning living area with soaring vaulted ceilings with wood beams, filled with natural light pouring through numerous windows and full glass doors, creating an airy ambiance. An electric fireplace creates a cozy feel no matter the time of year. You’ll love the gourmet kitchen with white quartz countertops with marble veins, a deep farmhouse apron sink, stainless steel appliances, beautiful glazed ceramic tile backsplash, and an island with counter height seating and a waterfall edge. This level houses three guest bedrooms and a large outdoor deck with views of the canal continuing the theme of elegance and comfort. The fifth bedroom offers versatile possibilities, making it ideal for accommodating guests or transforming into an office/study. Two full bathrooms on this level ensure convenience and privacy for all. On the lower level two more bedrooms, including the spacious primary suite featuring a luxurious private bathroom with a floor-to-ceiling tiled shower and a large walk-in closet for ample storage. The second bedroom is equally impressive, comfortably accommodating two queen-sized beds. This level is ideal for entertainment or a friendly game of billiards. The wet bar, complete with a built-in fridge, enhances the experience, perfect for hosting gatherings or enjoying quiet nights. A laundry room on this level adds practicality and convenience. This home is distinguished by its prime location, just a short walk from popular local attractions. A mere 5-minute stroll will lead you to dining favorites such as Catch 54 and Harpoon Hannah's or a marina where you can keep your boat or rent one for the day. The tranquil Fenwick Island beach and other points of interest are less than a mile away, offering the ultimate coastal lifestyle. Blending luxury, comfort, and an exceptional location, this property promises an unforgettable experience. Its track record of success as an investment makes it an appealing opportunity for discerning buyers. As a fully turn-key investment property, it will generate over $80,000 in rental income this year. Don’t miss this chance—schedule a viewing today!

Location:

13406 Jefferson Ave, Selbyville, DE 19975

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.