30561 SILVERTON ROAD
About This Property
The gourmet kitchen is designed for entertaining with a large center island, upgraded cabinetry, granite countertops, upgraded backsplash, stainless steel appliances including a gas cooktop, wall oven, built-in microwave, large island with farmhouse sink, recessed lighting, and crown molding throughout. The great room features a cozy fireplace and abundant natural light. Plantation shutters in the living room and darkening shades in the bedrooms add both style and comfort. The spacious first-floor primary suite includes a luxurious ensuite bath with double vanity sinks, water closet, linen closet, granite countertops, upgraded tile flooring, and a large upgraded roman shower with frameless glass door. The first-floor mudroom includes washer, dryer, and additional storage shelving. The oversized 2-car garage and attic storage upgrade provide plenty of additional storage space. Additional upgrades include upgraded flooring throughout the main living areas and bedrooms, a conditioned crawl space, whole-house surge protection, and automatic in-ground sprinkler system
HOA includes lawn maintenance, trash, fitness center, clubhouse, and in-ground pool. Conveniently located just minutes from Fenwick Island, Bethany Beach, Ocean City Md, and the Freeman Arts Pavilion offering easy access to beaches, dining and entertainment. Hurry - this one will not last! Ring doorbell is active
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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 |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Price Decreased |
$625,000
↓ $12K
(1.9%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by Keller Williams Realty | $637,000 | |
| Listed by Keller Williams Realty | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017