Imagine breathtaking wide-water views across protected Cranes Creek
stretching out to the Chesapeake Bay, glowing sunrises, & quick
boating & fishing adventures right from your backyard. This is the
waterfront lifestyle so many dream about. Designed for those who
truly love life on the water, this property features a protected
pier with an 8,000-pound boat lift & a jet ski lift, with some of
the Bay's best fishing just minutes away. Outdoor living is just as
impressive, with a spacious 40' x 26' composite deck that is ideal
for entertaining, relaxing in the sun, or even recreating the
previous owners' pool within the deck design. The property also
offers a detached 3-bay garage complete with a bathroom, plus a
fantastic side screened porch with a sink that is perfect for crab
feasts & easy waterfront gatherings. Inside, this beautiful
3-bedroom, 3.5-bath home was thoughtfully designed to capture the
views while offering generous living spaces throughout. With 9'
ceilings & an airy layout, the main level includes a family room, a
spacious living room with a gas fireplace, a formal dining room, a
wonderful sunroom, a large kitchen with table space, a laundry
room, & a private primary ensuite bedroom. Upstairs, there are 2
additional bedrooms, each with access to a bathroom, a waterfront
office, & a huge rec room with a wet bar & incredible views.
Whether you are hosting a crowd or simply enjoying a quiet morning
by the water, this home offers the perfect balance of comfort,
space, & waterfront fun. This is a place where everyone will want
to gather. (SOLD FURNISHED)
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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