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1718 RIDGELY ROAD
About This Property
The improvements have continued over the years, including crawl space reinsulation and a plastic vapor barrier in 2021, a replaced shed floor in 2023, a new side fence in 2024, and a new salt tank and water softener in 2026. This is the kind of home where so much of the behind-the-scenes work has already been done, giving the next owner peace of mind and a strong foundation to enjoy.
Located in Londontown, residents enjoy access to community/public beaches and the relaxed lifestyle that makes Edgewater so appealing. You are close to the South River, local marinas, waterfront dining, parks, shopping, commuter routes, and all the charm of the greater Annapolis area. Whether you love boating, kayaking, fishing, weekend walks near the water, or simply being close to everything while still enjoying a neighborhood feel, this location offers a wonderful blend of convenience and coastal Maryland living.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017