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2642 QUEEN ANNE CIRCLE
About This Property
The primary suite features a newly renovated bathroom (2022), a walk-in closet, and calming natural surroundings. Two additional spacious bedrooms feature vaulted ceilings and tranquil views. The fully finished walk-out lower level offers flexible space suitable for a recreation room, gym, or office. Outside, you'll find a multi-level wraparound deck and patio space with outdoor shower, perfect for entertaining and enjoying the water views. Recent improvements include main roof replacement (2022), HVAC system (2022), upper deck replacement (2023), and new windows and front door (2024–2025). Parking is easy with a three-car pad and additional paved roadside space. Residents enjoy community amenities such as water access, boat ramp, kayak/SUP launch and storage, beach, and playground. Come live the Annapolis lifestyle!
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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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About Annapolis Neck
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$3,000 /mo
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$5,500 /mo
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- 1,476 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017