1223 MADISON ST
About This Property
The main level features a well-designed layout with a living room, dining area, and an upgraded kitchen with stainless steel appliances. Three bedrooms and one full bathroom also complete this level, with access to the back deck overlooking the spacious private backyard and trees. The lower level includes a family room, two bedrooms, a full bathroom, and a laundry room with a walkout to the backyard. Recent upgrades include a newer HVAC system and upgraded flooring in some parts of the home.
Outdoor features include a deck, patio, fire pit, and grilling area, ideal for entertaining or relaxing. A storage shed provides extra space, and the spacious driveway offers parking for two cars.
Conveniently located near Eastport's dining, shops, pubs, historic downtown Annapolis, and the Naval Academy, this home offers easy access to entertainment and amenities. Nearby Truxton Park features a pool, tennis courts, a Spa Creek boat ramp, a ball field, and open green space.
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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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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017