29 TEAL COURT
About This Property
Discover the perfect blend of peace and proximity at 29 Teal Court. Tucked away near the end of a cul-de-sac on a dead-end street, this 1,756 sq. ft. residence offers a level of privacy that is rare to find in the heart of Dover, DE. Built in 1989, this thoughtfully designed 3-bedroom, 2.5-bathroom home features a bright and airy floor plan. The spacious family room serves as the ultimate gathering spot, boasting soaring cathedral ceilings and a cozy fireplace. The kitchen is a chef's delight, featuring a built-in eating bar that overlooks the family room-perfect for casual meals or entertaining. Step through the sliding glass doors in the family room and find yourself on an expansive deck. Surrounded by a full privacy fence, this outdoor space is a true "Private Oasis," ideal for enjoying mornings or weekend relaxation in complete seclusion. Situated in the sought-after Mallard Pond subdivision, you are just moments away from the neighborhood park and playground. For those who value convenience, its ideally located for a short commute to Dover Air Force Base and Bayhealth Kent Campus. Enjoy being just a short distance from the Westgate Shopping Center, offering a variety of dining, retail, and entertainment options. Benefit from the low-traffic location while remaining minutes from the best of Delaware's capital. Complete with a 2-car garage and a layout designed for modern living, 29 Teal Court is more than just a house-it's the retreat you've been looking for.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017