276 SHAKESPEARE DRIVE
About This Property
The main level features separate living and dining rooms, an updated kitchen with granite countertops (2021), and a spacious family room with vaulted ceilings and a wood-burning fireplace. Hardwood floors have been recently refinished and the home has been freshly painted, creating a bright and inviting interior.
The finished lower level includes a fourth bedroom and additional living space, ideal for a recreation room, home office, or guest area.
Recent improvements include a new HVAC system and heat pump (2024) and a roof replacement in 2019.
Exterior features include a fenced backyard with a deck backing to trees, offering privacy and space for outdoor enjoyment.
Stewart's Landing is a well-established community of 261 homes known for its mature trees, open spaces, and strong community atmosphere. Residents enjoy access to two playgrounds, a basketball court, and walking paths. The community marina on Old Man Creek includes 21 boat slips, a launch ramp, canoe and kayak storage, and direct access to the Magothy River and Chesapeake Bay.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017