16471 FOUR LEAF DRIVE
About This Property
Step outside to an extensive hardscaped patio with an awning - perfect for relaxing or entertaining. The corner lot boasts professional landscaping, lawn irrigation fed by a dedicated well, and an electric vehicle charger. Minutes from downtown Lewes, Cape Henlopen State Park, and the Rehoboth Beach Boardwalk, this home checks every box. Come see it for yourself.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Apr 13, 2026 | Price Decreased |
$699,000
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by RE/MAX Realty Group Rehoboth | $729,000 | |
| Listed by RE/MAX Realty Group Rehoboth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017