34608 BESSIE WAY
About This Property
With no adjacent neighbor on one side and abundant natural light throughout, this home offers both privacy and a bright, open feel. Designed for comfortable first-floor living, the main level features an open-concept layout with the living room, kitchen, and dining area seamlessly connected-perfect for everyday living and entertaining. The spacious primary suite is conveniently located on the first floor, along with a thoughtfully added sunroom that leads to a paver patio overlooking the community pond, creating a peaceful outdoor retreat.
Upstairs, you'll find a versatile loft area, two generously sized ensuite bedrooms, and a large unfinished room-ideal for additional storage or the potential to be converted into a fourth bedroom or flex space.
Loaded with nearly every builder option available, this home showcases quality craftsmanship and thoughtful upgrades throughout. Located just minutes from the beaches, shopping, dining, and entertainment of Rehoboth Beach, Truitt's Homestead also offers a vibrant lifestyle with community amenities tailored for active adult living. Note: the land lease is included within the quarterly HOA fees.
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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%.
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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 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $995,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017