2106 BAY DR
About This Property
Massive hydrangeas greet you as you approach the front door. Enter in through the arched doorway to the living room which features updated wallpaper and custom wood plantation shutters. A spacious dining room leads to the kitchen full of vintage charm. Mudroom to a side entrance leads to the driveway for easy parking and access. The main level features two generous bedrooms and a full bathroom. Head to the second level via the custom painted staircase which leads to an open loft area, use for desk space or sitting room! Two more bedrooms including the primary upstairs plus another full bathroom and lots of hidden storage. The home has been tastefully updated while maintaining the charm and character of a coastal cottage: original maple floors, arched doorways, updated windows, updated appliances, a stainless steel lined chimney ready for a wood stove (as-is), custom woodwork, vaulted ceilings, dual zone heating/AC, updated washer/dryer, updated sump pump, updated attic fan, an unfinished basement ready for your touches, and more.
Sitting on almost three quarters of an acre, this unique property also boasts an oversized two car Carriage House style detached garage with 9' wide doors, 10' interior height and over 400 sf of light filled bonus room/loft space above. Makes for fantastic storage or make it your own: studio, home gym, office, endless possibilities! An additional shed provides storage for yard equipment. Plenty of room to park a boat, RV or multiple cars on the gravel driveway around the garage. No HOA, short term rental potential!
Surrounded by Corcoran Woods nature preserve (215 acres featuring hiking and biking trails) and in close to Sandy Point State Park beaches and Podickory Point Yacht Club, 2106 Bay Drive provides an idyllic retreat for nature enthusiasts and outdoor adventurers. Enjoy the convenience of easy access to commuter routes (50 and 97), Downtown Annapolis, the Bay Bridge, and the Eastern Shore while relishing the peaceful serenity of your own private oasis.
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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