113 CHESAPEAKE AVE
About This Property
This property is full of old world charm and character yet providing all the modern conveniences for seamless entertaining both inside and out. Other features include dual staircases, a stunning custom screened porch and patio, multiple porches, 3 working fireplaces (one gas and two wood burning that can be easily converted), quarter sawn oak floors, high ceilings, a gourmet Kitchen w/large center island, Wolf range with 4 burners, griddle and grill as well as other top of the line appliances. The adjacent Butler's pantry features a dishwasher, refrigerator/freezer with icemaker. The 5 BR|4 BA and Laundry on the upper levels can comfortably accommodate a large family and/or weekend guests. Elaborate Living and Dining Rooms are in the main part of the home as well as a home office, originally a doctors office then dentist's office in the 1900's.
The home is perfectly designed for a B & B as the main part of the home can be completely separate from the addition. Enjoy strolling the streets of Eastport, attending Maritime Museum events, dining in local restaurants and pubs in downtown Annapolis and visiting the nearby Naval Academy. This home is just a few miles to Rt 50/97 with easy access to Baltimore, Washington DC, BWI and Maryland's Easten Shore.
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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