1017 TIMBER CREEK DR
About This Property
On the main level, you'll love the seamless flow the living room, dining room and kitchen offer, making this the perfect home to entertain for intimate gatherings or larger parties. The gourmet kitchen showcases sleek granite countertops, ceiling height maple cabinets, stainless steel appliances, and an expansive layout that seamlessly integrates with the living and dining areas. A second living area on the lower level offers endless possibilities for customization, whether it's a lounge area to watch fall football, a playroom, gym, office, or library. Upstairs, you'll find the primary bedroom with en-suite bathroom, as well as 2 additional spacious bedrooms and full bathroom in the hallway.
Meticulously landscaped yard features beautiful trees (a magnolia tree in the backyard!), plants, and flowers, making it truly feel like your own private oasis. Off the kitchen, a newly constructed deck overlooks a fully fenced backyard, perfect for outdoor dining, relaxation, gardening, and letting your pets roam freely. A shed in the backyard provides extra storage.
Minutes away from Eastport and just 2 miles from Historic Downtown Annapolis, you'll fall in love with the proximity this home offers to gourmet dining, boutique shopping, and variety of entertainment. Enjoy the many events, festivals and parades that Downtown Annapolis offers, with upcoming favorites such as the Annapolis Sailboat Show on Ego Alley, Annapolis Baygrass Festival, and the Maryland Renaissance Festival, to name a few. The Timber Creek neighborhood is one of the most coveted neighborhoods in Annapolis due to its friendly neighborhood community, tree-lined streets with 2 cul-de-sacs and a playground, low HOA fee ($300/year), and location. Shed conveys "as-is".
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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.
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017