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2353 YARDARM DRIVE
About This Property
The split-bedroom floor plan offers privacy, with a spacious primary suite featuring vaulted ceilings, a walk-in closet, private deck access, and an ensuite bath with dual vanities, jetted soaking tub, and separate shower. Two additional bedrooms and a full bath complete the layout.
Outdoor living is a highlight, with a large screened porch, expansive rear deck with grilling area, fenced backyard, and mature privacy landscaping. An attached two-car garage and storage shed provide additional space for vehicles and hobbies. Recent improvements include a brand-new roof, completed shed updates, HVAC replacement, updated kitchen appliances and countertops, luxury vinyl plank flooring, new doors, and more. Additional deck improvements are underway, including replacement of a portion with durable PVC decking to match the existing surface. The home also features whole-house water filtration and reverse osmosis drinking water systems.
Located in Captain's Cove, residents enjoy indoor and outdoor pools, a golf course, marina, boat ramp, fitness center, restaurant, pickleball and basketball courts, playgrounds, walking trails, dog park, and more. Whether you're looking for a full-time residence or vacation retreat, this home offers a wonderful opportunity to enjoy the Eastern Shore 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Increased |
$349,000
↑ $29K
(9.1%) | |
| Price Increased | |||
| Sep 25, 2026 | Relisted | $320,000 | |
| Relisted | |||
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Sep 6, 2026 | Relisted | $320,000 | |
| Relisted | |||
| Aug 26, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017