108 WATERTOWN RD
About This Property
The kitchen was renovated in 2018 with new granite countertops, white 42 inch cabinets with slow-close doors & drawers, and a mosaic tile backsplash. Other features of the kitchen include a breakfast bar, stainless appliances, table space, recessed lighting, a large pantry, and a sliding glass door that opens to the screened-in porch. Just off the kitchen is a convenient laundry room area, which could also function as a mudroom, with entrance to the garage. The backyard is serene, with a few trees, gardening boxes, and a shed that could be used for potting or storage.
Main level living space includes a great room with cathedral ceilings and a whitewashed brick fireplace that was converted to a pellet stove which heats the entire house in the winter months. A bright dining area is part of the living space, just off the kitchen, with two oversized windows. The spacious main level bedroom and full bath work perfectly as either a guest or owner's suite.
Upstairs, there are two large bedrooms, both with their own, private sundeck- one with composite decking, and plenty of closet space. The second bedroom features a vaulted ceiling, while the third bedroom offers two closets and access to the attic storage space.
The entire interior of the home was just painted, and additional updates include: new hot water heater (2018), new front door (2018), gutter covers, two roof vent fans installed, new cellular shades, a new dryer (2018), poly sheeting added in the crawl space, and the roof is less than 10 years old (2013).
Enjoy all the amenities of Ocean Pines including swimming pools, playgrounds, the marina, Beach Club, golf, and more! Don't miss this one, sure to go fast!
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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