306 RIVERSIDE DRIVE
About This Property
306 Riverside Drive offers the waterfront lifestyle buyers dream about - deep water, a private dock, and the kind of wide river views that make every day feel like a weekend. Start your mornings with coffee overlooking the water, spend the afternoon cruising to Dobbins Island or out to the Chesapeake Bay, and end the day watching the sunset reflect across the river from your own backyard. The Magothy is known for its exceptional boating, vibrant waterfront community, and easy access to the Bay, making it one of the most desirable riverfront locations in Anne Arundel County. Properties like this rarely become available. Get your tour scheduled today.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017