227 DEWEY DR
About This Property
This lovely and updated home, located in the downtown Annapolis community of Admiral Heights, offers an exceptional living experience. The desirable location, near the historic district, allows for easy access to the vibrant culture and attractions of the Historic Annapolis waterfront city. The contemporary home, featuring 3 bedrooms and 2 full updated baths, provides ample living space, a freshly painted main level, vaulted ceilings, wood flooring, updated kitchen, and a primary bedroom with ensuite bath. The updated kitchen boasts granite counters, stainless appliances, a built-in wine rack, lovely glass door cabinetry, and breakfast bar, providing a seamless blend of form and function. Imagine the cozy ambiance while you sit by the fireplace in the walk-out family room. Perfect for relaxation and entertaining, the inviting outdoor living space, offered by the large deck overlooking the back yard, will appeal. The generously sized lot is 0.31 acres and backs to woods. For the electric vehicle enthusiast, the home comes equipped with and EV 48-amp charger. In addition, and to provide added peace of mind, the seller is offering the buyer a 1-year AHS Home Warranty with the purchase of the home.
Residents can also enjoy the convenience of the community pool, parks, as well as the water access community, providing opportunities for water-based activities and recreation (voluntary HOA and clubs, additional memberships/fees required).
Enjoy easy access to shopping, restaurants, and bars, as well as proximity to the Naval Academy Stadium, Maryland Hall, St. Johns College, and a nearby elementary school. For commuters, there is quick access to Route 50 and I-97 as well as the commuter bus to D.C.
This property presents an incredible opportunity to experience the charm and vibrancy of Annapolis.
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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