13108 CHOPTANK RD
About This Property
Welcome to this beautiful 3 bedroom, 2.5 bathroom split-level home in sought-after Oliver Beach! Bright living room features vinyl plank flooring and large windows. The 2024 renovated kitchen shines with stainless steel appliances, quartz countertops, glass tile backsplash, refinished cabinetry, recessed lighting, ceiling fan, bay window, built-in desk area, and easy access to the side yard and dining space. Upper level offers a primary bedroom with hardwood floors and en-suite access to an updated bath with walk-in stall shower, plus two additional bedrooms and a second full bath with tiled tub/shower and modern vanity. Fully finished lower level includes a spacious family room with vinyl flooring, recessed lighting, backyard access, plus a half bath and laundry area. Enjoy outdoor living with a large yard, stone patio with hot tub, gravel fire pit area, and a detached 2-car heated (wood-burning stove) garage. Additional updates include new heat pump (2024) and vinyl flooring (2020). A move-in ready home with great indoor and outdoor 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017