201 MILL COURT
About This Property
The main level has three bedrooms and two bathrooms and centers around an open, spacious kitchen with a breakfast bar that flows easily into the living and dining areas with elevated views of the yard and pool. A single door leads directly to the back deck, creating an effortless connection to outdoor dining. The lower level includes two bedrooms, along with a spacious family room with fireplace with electric insert. This level also features a secondary guest kitchen, a recently remodeled full bathroom with a double headed shower, and direct access to the large laundry room and attached oversized 2 car garage. From both the family room and one of the bedrooms, two sets of doors open directly to the backyard, patio, pergola, and pool area. Additional highlights include a new smart operated garage door, smart remote thermostat for gas central heating, a spacious driveway, and a storage shed set within the expansive backyard.
Twin Harbors has a voluntary community association which offers access to community beach, boat slips, a kayak launch, pavilion, playground, and seasonal neighborhood events that create a true sense of connection.
Twin Oaks Park is just moments away, with playground, outdoor fitness area, open green space and the B&A Trail is close by providing access to miles of paved walking that connect to Annapolis and beyond. Close to marinas, waterfront dining, coffee shops, grocery and retail shopping throughout Arnold and Severna Park. Downtown Annapolis, the Naval Academy, and City Dock are a short drive away, along with convenient access to Route 50 and major commuter routes to Washington, D.C., and Baltimore. This property is well positioned for everyday convenience and access to the Chesapeake Bay lifestyle.
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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 Arnold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017