2123 NOTTOWAY DRIVE
About This Property
The sunroom leads to a composite deck that connects to an adjoining patio, offering multiple outdoor spaces to relax or gather. The fully vinyl-fenced backyard includes two gates, a sprinkler system, and outdoor lighting for added convenience and comfort. The living room features a cozy fireplace and plenty of natural light. Upstairs, a second living area offers flexible space for a media room, playroom, or study area.
The spacious primary suite includes a sitting area, soaking tub, and two walk-in closets. One additional bedroom has its own en suite bath, while two more bedrooms share a full bathroom with dual vanity sinks. The fully finished basement provides even more living space, complete with a full bath, luxury vinyl flooring, and ample storage options.
Enjoy all the amenities Shipley Homestead has to offer, including three pools, a fitness center, dog park, soccer field, and a community garden. This home is conveniently located just minutes from Arundel Mills Mall, and the dining, shopping, and entertainment that Anne Arundel County has to offer. Commuters will appreciate easy access to MD 295, I-95, MD 32, and MD 100, as well as close proximity to Fort Meade. This is the perfect combination of comfort, space, and community living.
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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