107 ANCHOR CIR
About This Property
As you drive through the gates onto the circular driveway, and past the green grass, trees, and fully-fenced in yard, there awaits the beach house. You're greeted by an open floor plan that perfectly marries luxury and comfort. The main level is graced by a splendid master suite adorned with a cozy fireplace and opulent bath, a modern and fully-equipped kitchen, a spacious great room featuring a stone fireplace, and French doors that guide you to a wrap around deck and fenced yard. Downstairs, you'll find a dry lower level fitted with a second kitchen and abundant storage and living areas, ensuring every inch of space is put to good use. Upstairs, you find 3 spacious bedrooms, 2 Full baths, and 2 balconies that face the Chesapeake Bay. The home was custom built in 2000 with a brand-new roof and home generator added in 2014, reflecting the meticulous upkeep of the property. The exterior is just as impressive, with immaculate landscaping, a circular driveway, a side load two-car garage, and a large fenced rear yard offering captivating views of the pier and beach. Situated on a private cul-de-sac on Kent Island, the property is a stone's throw away from the Bay Bridge, Annapolis, Baltimore, and Washington. The location, coupled with its potential as a BNB or VRBO (similar properties garner over $1,000 per night in peak season), makes this an opportunity too good to miss. Bask in the glory of coastal living like never before.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017