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1815 GLENARM ROAD
About This Property
Major updates include the roof, water systems, HVAC, kitchen, bathrooms, water heater, washer, dryer, driveway, fence and front wrap around deck. The updated kitchen features upgraded appliances, and the bright living spaces feel cozy, fresh, and move-in ready. Enjoy the inviting front porch that wraps around the home, plus a walk-out slider from the bedroom to the outdoor space.
Outside, the large fenced yard with a classic paddock fence offers plenty of room to garden, relax, play, or entertain. The backyard shed includes lights and electricity, adding great storage or workspace potential. Located just steps from the water, with a peek of the water from the back of the home, this is the kind of place where you'll want to keep your kayak or paddleboard close by.
Woodland Beach offers an incredible waterfront lifestyle with approximately three miles of shoreline along Almshouse Creek and Glebe Bay. Community amenities include five sandy beaches with swimming platforms, crabbing and fishing piers, boat and kayak/SUP launches, parks, playgrounds, a community center, private security, and boat pier and kayak rack rentals. Boat Slips available and have water and electric and are a first come first serve.
Shopping, dining, grocery stores, parks, and schools are all nearby, with some restaurants within walking distance. Just about 10 minutes to Annapolis, with easy commuter access via Route 2 to Baltimore, Ft. Meade, BWI, and Washington, D.C.
This sweet cottage is full of charm, updates, and access to the water-oriented lifestyle Woodland Beach is known for. Welcome Home!
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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