101 LAKE VIEW DRIVE
About This Property
Welcome to 101 Lake View Drive, a charming 3-bedroom, 2-bath home tucked into the highly desirable waterfront community of Hillsmere Shores. Perfectly blending comfort, convenience, and lifestyle, this home has been thoughtfully updated and maintained.
Inside, you'll find an open and inviting layout with a spacious bump-out family room, an updated kitchen, and plenty of natural light throughout. The primary level also offers access to the fenced backyard-complete with a firepit overlooking water views making it the perfect spot for entertaining or unwinding after a long day.
Additional highlights include:
* 3 bedrooms, 2 full baths
* Attached 2-car garage for parking and storage
* Updated kitchen with modern finishes
* Bump-out family room for extra living space
* Fenced backyard with water views and firepit
Hillsmere Shores offers an incredible lifestyle with water access, community beaches, a marina, playground, and pool, plus an unbeatable location just minutes from downtown Annapolis and Quiet Waters Park.
Whether you're looking for your first home, your next chapter, or a place to enjoy the Chesapeake Bay lifestyle, this one checks all the boxes.
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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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About Hillsmere Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017