254 SHORE DRIVE
About This Property
Welcome to your own slice of paradise on the Potomac River! Located in the golf cart-friendly community of Westmoreland Shores, this fully renovated home offers panoramic water views, a sandy beach just step out of your back door, and everything you need to kick back and enjoy life by the water.
Inside, you'll love the brand-new kitchen featuring modern cabinets, counters, tile backsplash, and updated appliances. The bathrooms have been stylishly remodeled, and the LVP flooring throughout offers durability and a clean, coastal look.
Step outside to your expansive back deck-the perfect spot for morning coffee, evening dinners, or simply soaking in the view. After a day on the water or at the beach, rinse off in the outdoor shower before heading inside to relax.
With new siding, fresh updates throughout, and a location that feels like a getaway every day, this home checks all the boxes for full-time living or weekend escapes.
VOLUNTARY Civic Association, which includes private beach access, boat ramp, boat slips, and community center. Just a short drive to Downtown Colonial Beach's boardwalk, pier, restaurants, boutiques, coffee shops, wine bar, and breweries.
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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