The open design of the Tred Avon floor plan of this top floor end
unit is a stunning Solomons Landing offering creating a
waterfront lifestyle facing the Back Creek shoreline that can be
enjoyed at your doorstep. A waterside trail surrounds the community
where there are piers and kayak racks, as well as a community
marina that offers a variety of slip possibilities, providing
numerous opportunities to enjoy the water. The living room features
Palladian windows with views to the water, beautiful maple
flooring, and dramatic ceilings. Enjoy a fabulous kitchen
with extensive cabinetry, expansive granite food prep surfaces, gas
cooking, recently replaced stainless appliances, a large pantry,
and a breakfast nook - it will be loved by those who appreciate
the culinary experience, the kitchen opening to a large
dining area that is a perfect entertainment space. Relax in
the spacious primary suite featuring transom windows creating
architectural interest and a bright and welcoming area, with an
ensuite bath featuring separate vanities, walk-in shower and soak
tub, The large corner deck can be accessed from the main
living area as well as the primary bedroom, providing extended
outdoor living. A number of attractive appointments have been added
by the sellers making this unit a very special option for full time
or second home living. Waterfront living and resort style
amenities await - and yes, there is pickleball, with newly
refurbished courts - convenient to charming Solomons where the
Chesapeake Bay lifestyle is incomparable.
Unit Size
1,930 Ft²
Days on Market
-
Land Size
-
Price per sqft
$284
Property Type
Condo
Property Taxes
$309
HOA Dues
$640
Year Built
2008
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
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