103 MCKENDREE AVENUE
About This Property
There are four bedrooms on the second level. The entry into the fourth bedroom is ideal as a sitting room or office area, with beds currently located on the finished third-floor attic above. The primary bedroom is part of the addition and includes perfectly placed windows for privacy and a large custom outfitted walk-in closet. The private bath features Snaidero cabinetry, Calcutta Gold marble counters, porcelain tile, and a shower entry with porcelain tile floor and wainscot. Outdoor is a 10/10 with Ipe deck, stainless cable railing, and an in-deck hot tub (heater 2026), along with a rear shed with a corten weathering corrugated steel roof and single swing door, and cedar siding. Fully fenced with Hornbeams for side yard privacy.
Extensive upgrades include high-end Loewen Low-E insulated fir windows throughout the original home and addition, a 200-amp electrical service with all new wiring, a new 1.5-inch water line, and a brand-new gas line (2025). The home is equipped with a 3-zone heating and 2-zone cooling system, a gas water heater with a recirculation pump for near-instant hot water, and a partial whole-house sprinkler system.
Recent 2026 upgrades include a new architectural asphalt shingle roof with a 10-year warranty by Fichtner, new south wall foundation waterproofing with sump pump, new concrete driveway, and basement carpet. EV charger wiring installed in 2025. McKendree is an outstanding street in Homewood with access to the Heritage Trail, just past Ceremony Coffee that leads to Maryland Hall and Downtown Annapolis!
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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%.
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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.
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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