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201 CEDAR LANE
About This Property
Enjoy the Edgewater lifestyle with access through the voluntary Holly Hill Harbor Civic Association to the community pier, boat ramp, playground, and picnic area. Launch your boat, kayak, or paddleboard and enjoy the surrounding waterways and Chesapeake Bay lifestyle. Conveniently located near local dining, shopping, parks, and Annapolis. A great opportunity to own in one of Edgewater's established water-oriented communities!
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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 Selby-on-the-Bay
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$4,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017