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1098 MAGOTHY CIRCLE
About This Property
Enjoy expansive water views and effortless access to the Chesapeake Bay, making this an ideal property for boating enthusiasts. The private 110-foot pier is equipped with electricity featuring a full slip and a boat lift, 5' depth, MLW as well as a sandy beach and a safe harbor for protection during storms.
The spacious yard is perfect for hosting large gatherings, yet requires minimal maintenance. Outdoor amenities include a shuffleboard court, hot tub, and ample space for either a large or small firepit.
While the home is well-maintained, it offers a unique opportunity for customization, allowing you to update and personalize the interior to your taste. The flooring consists of hardwood and tile, complemented by luxury vinyl in the lower level bedroom, the living area off that bedroom and the hallway, currently no flooring is there. See agent notes.
Additionally, the lower level includes a bedroom and bathroom with a private entrance, ideal for multigenerational living or guest accommodations.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by Long & Foster Real Estate, Inc. | $1,300,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Cape St. Claire
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017