1 BRIDGEWATER RD
About This Property
The community has numerous amenities. Amenities include Ocean Pines Yacht Club, Ocean Pines Golf Course and Clubhouse Grill, 5 pools including an indoor pool, beach club and parking right on the Atlantic Ocean, racket complex and much more. Ocean Pines, Maryland is a premier residential, resort and retirement community located just 3.5 miles by water or 7 miles by roadway to the ocean resort town of Ocean City, Maryland.
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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 |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Sep 2, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | $450,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty - OP | |||
| Nov 27, 2019 | Sold | ||
| Sold | |||
| Oct 12, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017