1243 TURKEY POINT ROAD
About This Property
From the foyer, the living room sits to the left and features chair railing and crown molding. Across the hall, the renovated kitchen makes a statement with ceiling-height, soft-close cabinetry, quartz countertops, stainless steel appliances, and an island with breakfast bar seating. An adjacent dining area provides ample space for gatherings and opens through a sliding glass door to the deck. A sizable mud room and laundry room combination with utility sink adds everyday functionality, while an updated half bath completes the main level.
Upstairs, the generously sized primary bedroom offers an expansive walk-in closet and renovated en-suite bath featuring a floor-to-ceiling tiled shower with frameless glass. Two additional generously sized bedrooms share an updated full hall bath with a stylish vanity, providing comfortable space for family or guests.
Outdoor living extends to the deck and fenced back and side yards, with a shed for convenient storage. The unfinished lower level is walkout level to the backyard, providing flexible space for storage, exercise, hobbies, or recreation.
Turkey Point Island offers a waterfront lifestyle along the South River, with three sandy beaches and a community playground close to home. Residents can enjoy fishing, kayaking, boating, and scenic waterfront surroundings, with nearby marinas and local parks adding to the recreational appeal. Dining and everyday conveniences are available throughout Edgewater, while downtown Annapolis is a short drive away for shopping, restaurants, entertainment, and waterfront attractions.
With extensive updates, generous living spaces, and access to the community's beaches and outdoor amenities, this home offers an inviting water-oriented lifestyle.
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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%.
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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