218 MIDSHIPMAN CIRCLE
About This Property
Upstairs offers three spacious bedrooms. The lower level delivers serious flexibility with both a family room and recreational room, a wood-burning stove, gym or home office and a rough-in for a wet bar. Two sliding doors open directly to the backyard, making the space ideal for guests, hobbies, or multi-generational living. Recent upgrades add both function and peace of mind. In 2024, the carport was converted to a one-car garage with additional storage, along with new gutters with leaf filter guards, a trench drain system, upgraded nickel fixtures, motion sensor lighting, and a recessed mirrored medicine cabinet. In 2025, ducts and the HVAC evaporator coil were cleaned, and antimicrobial air purification lights were installed. In 2026, updates included built-in linen storage in the lower-level bedroom and new LED exterior lighting. Living in Aquia Harbour means access to an incredible lineup of amenities-pools, golf course, clubhouse, marina, stables, dog park, tot lots, parks, tennis courts, pickleball, and more, all just minutes from I-95, shopping, and commuter options.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017