2 WAREHAM CT
About This Property
Inside, you'll find a well-appointed layout with generous living areas, perfect for accommodating family and guests. The updates throughout the home ensure a contemporary feel, enhancing both aesthetics and functionality.
Outside, there's a spacious deck that's ideal for enjoying the outdoors and hosting gatherings. Additionally, a shed on the property provides convenient storage for all your needs, whether it's beach gear or gardening tools.
Located in the highly sought-after Ocean Pines community, known for its amenities and proximity to Maryland beaches, this home represents a fantastic opportunity. Don't miss your chance to experience the comfort and charm it has to offer!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017