304 LOCUST AVENUE
About This Property
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This classic Craftsman sits on a quiet, spacious street in Homewood, directly facing the open fields of Germantown for unobstructed sunset views. The large property features fully fenced front and back yards, complete with established garden landscaping.
Inside, the home retains its authentic craftsman trim and hardwood floors. The updated kitchen includes white cabinetry, granite countertops, and stainless steel appliances. Upstairs, the primary bedroom features notably high ceilings. Outside, a detached one-car garage offers additional storage and parking.
The central location is highly walkable and bikeable to Navy Stadium, West Annapolis shops, and downtown. The home is just steps from Poplar Path and neighborhood playgrounds, and a quick 5-minute drive to the Annapolis Town Center, Harbor Center, and everyday amenities.
**Please call the listing agent about Admiral Heights Pool Membership
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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.
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017