1602 CEDAR PARK ROAD
About This Property
Welcome to Admiral Heights, where you can walk to Navy football games, community events at Navy-Marine Corps Memorial Stadium, and enjoy being just minutes from Downtown Annapolis, the Annapolis Towne Centre, waterfront dining, shopping, and entertainment. With optional community membership offering water access and neighborhood amenities, this is the kind of location people wait years to get into.
The best part? You aren't sacrificing the house to get the location.
This rare five-level single-family home offers the space, flexibility, and updates that are hard to find in Admiral Heights. Inside, you'll find a fully renovated kitchen, updated bathroom, beautiful hardwood floors, and a layout designed for the way people actually live. With four bedrooms spread across two separate upper levels, the home offers the unique possibility of two primary bedroom suites, making it ideal for multi-generational living, guests, or the possibility of an at home office.
Outside, enjoy a large fenced backyard, spacious driveway, and room to relax, entertain, or play.
A great home in a great location is rare. Finding both in the same property is even rarer. Welcome to 1602 Cedar Park Road.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017