264 SHAKESPEARE DR
About This Property
Welcome to Stewart's Landing, a water-oriented community in the heart of desirable Severna Park. This rarely available "Bancroft" model is the perfect colonial with 4 bedrooms, 2.5 bathrooms, a basement, and 2 car garage. Beautifully appointed on a corner lot, you will find 264 Shakespeare with freshly painted exterior siding, trim, and shutters (2024) and fenced backyard. Inside, enjoy a traditional layout with a light filled dining room and living room that lead you to the heart of the home. Kitchen features updated appliances including a new refrigerator (2024) and a center island. The open concept layout is great for day to day and entertaining. Family room features updated built-ins surrounding a wood burning fireplace (conveys as is). Head outside to the inviting yard with updated painted deck, bistro lights, and a thriving veggie garden! The 2 car garage is set with storage, shelving, and a workbench. Some components of the golf simulator can convey as well! Upstairs you will find a generous primary suite with walk-in closet and completely remodeled gorgeous en-suite bathroom (2021). 3 additional bedrooms and a hall bath upstairs. The basement features a fantastic rec room plus a huge unfinished storage and laundry area. Other updates include: new HVAC in 2022; blinds throughout the home; interior paint; ceiling fans; toilets. The Stewart's Landing community enjoys premier water amenities including water access via the marina on Old Man Creek (boat slips, launch ramp, personal watercraft storage/racks). Take your SUP out for an easy paddle, fish off the dock, or sit and relax by the water whenever you'd like! Also enjoy the two community playgrounds, basketball court, and walking path.
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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