1403 COREY LANE
About This Property
Set on a private, fully fenced lot, this home truly delivers PRIVACY, PRIVACY, PRIVACY- a rare find so close to the heart of Annapolis proper. Additional highlights include an oversized two car garage, circular driveway and generous storage throughout all three levels.
Offered fully furnished, this property has an impressive rental history, serving as a corporate rental for over 10 years, consistently commanding $6500/mo. This makes it an outstanding opportunity for investors or buyers seeking short term rental or executive rental potential, as well as a turnkey primary or second home.
A unique blend of seclusion, walkability and proven income, thisHomewood gem is truly one of a kind.
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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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$4,100 /mo
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$3,850 /mo
- 2 Beds
- 2 Baths
- 1,191 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017