131 WALLACE MANOR RD
About This Property
The gourmet eat-in kitchen is a chef's delight, showcasing a large island, stainless steel appliances, and expansive windows that flood the space with natural light. Glass doors lead to a rear deck overlooking the tranquil waters, perfect for outdoor dining and entertaining. The spacious living area flows effortlessly into additional recreational space on the lower walkout level, where you'll find two more bedrooms, a laundry center, and a full bath with a luxurious steam shower. Venture outside to your own personal paradise. The screened porch is ideal for watching your favorite games, while the fire-pit invites you to gather under the stars, sharing stories and laughter with loved ones. Stroll through the terraced gardens, each step revealing the beauty of nature surrounding you. For boating enthusiasts, a covered slip with a 20,000 lb boat lift awaits just steps from your door, offering quick access to the South River, Chesapeake Bay, and beyond. Your adventures on the water are only a moment away! Privacy and serenity are paramount here, making it the perfect escape from the hustle and bustle of daily life. Additionally, a detached 720 sq. ft. garage provides a separate entrance to an upper area that can be transformed into an in-law suite, home office, gym studio, or game room-let your imagination guide you! Situated in close proximity to Historic Annapolis, you'll enjoy the best of both worlds: a peaceful retreat with easy access to vibrant city life. Excellent location for commuting with easy access to Rt 50 and 97, tons of shopping options, restaurants, doctors/medical offices, the library, county parks and South River blue ribbon schools! Come experience this waterfront oasis on Gingerville Creek and make it your new home!
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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