29569 PATRICK HENRY CIRCLE
About This Property
The open concept floor plan features a well-appointed kitchen with granite countertops, spacious breakfast area, and living room with gas fireplace and surround sound, creating the perfect setting for everyday living and entertaining. The split bedroom design offers privacy, with the 2 guest bedrooms located toward the front of the home, while the spacious primary suite with en-suite bath is privately situated toward the rear of the home and features a dual vanity and walk-in shower. A separate dining room can easily serve as a home office or den. Enjoy peaceful pond views from the 3-season room. Additional features include plantation shutters, security system, walk-up floored attic space for additional storage, separate irrigation well, owned solar panels for energy efficiency, and a 2-car garage.
Independence is centrally located with easy access to shopping, restaurants, and just a short drive to Lewes, the First Town in the First State, and Rehoboth Beach, known as the Nation's Summer Capital. Seller is offering a $5000.00 flooring credit for an acceptable offer.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jul 6, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Listed by JACK LINGO MILLSBORO | $585,000 | |
| Listed by JACK LINGO MILLSBORO | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017