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1169 LATROBE DRIVE
About This Property
Filled with natural light, this four bedroom, two bathroom home sits on an expansive lot with endless possibilities. Start your mornings in the bright glass enclosed sunroom overlooking the backyard, spend summer afternoons by your private pool, and enjoy beautifully maintained landscaping with multiple outbuildings that provide incredible flexibility for hobbies, storage, or future projects. Whether you're entertaining friends, relaxing with loved ones, or simply enjoying the privacy of your own outdoor retreat, this property offers the space to do it all.
The oversized lot is the true centerpiece. Renovate the existing home, expand to fit your lifestyle, explore investment opportunities, or build the custom home you've always envisioned. The property has already been subdivided!!
Life in Cape St. Claire is about more than just your home. Enjoy community beaches, fishing piers, a marina, waterfront parks, playgrounds, and the Chesapeake Bay lifestyle that makes this one of Annapolis' most beloved communities. Launch your kayak, spend evenings watching sunsets over the water, meet neighbors at community events, and enjoy the convenience of being just minutes from downtown Annapolis, shopping, restaurants, commuter routes, and top Broadneck area amenities.
With an expansive lot, incredible outdoor living, a highly desirable location, and outstanding long term potential, this is a rare opportunity to enjoy today while investing in tomorrow.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017