245 CHESAPEAKE AVE
About This Property
As you step inside, you'll be greeted by the airy, open layout adorned with stylish tile flooring throughout, creating a cool and inviting atmosphere. The home features 3 spacious bedrooms and 2 modern baths, providing ample space for family and guests.
The renovated kitchen boasts contemporary finishes, perfect for preparing meals while enjoying stunning water views. The adjoining dining area flows seamlessly into the living space, making it ideal for entertaining.
Step outside to your private oasis, complete with a gazebo designed for enjoying fresh, local crabs with friends and family. Unwind in the hot tub, which conveys with the property, and take in the breathtaking sunsets over the bay. The large shed offers additional storage, while the one-car garage ensures convenience and security for your vehicle.
The property also features a privacy fence, ensuring your outdoor activities remain secluded and peaceful. This home truly offers the best of Chesapeake Bay living, combining the tranquility of a waterfront retreat with the convenience of being just a short drive from Washington, DC.
Don't miss the chance to own this slice of paradise in Calvert County. Schedule your showing today and experience waterfront living at its finest!
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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