308 MCDONOUGH ROAD
About This Property
Discover the charm of this true architectual gem, located in the sought after neighborhood of Admiral Heights. From intricate moldings, custom built ins, and original hardwood flooring, every detail tells a story. This mid century modern home stands out with its one-of-a-kind style and solid craftsmanship. This home features four generously sized bedrooms, including a primary suite with expansive closet space and an ensuite bath. Unwind in the expansive screened-in porch, with two overhead skylights that bathe the area in natural light, creating a bright and airy retreat you can enjoy year round. The porch is overlooking a lush private yard accented with a garden pond, perfect for enjoying outdoor recreational activities and relaxing. The spacious finished basement offers a world of opportunity-a true blank canvas ready to become whatever you imagine, this versatile space is primed for customization. An easy walk to West Street, downtown Annapolis, and the US Naval Academy, this location is unmatched. With its timeless charm and cozy spaces, this home invites you to create your own story and make lasting memories for years to come. Schedule your private tour 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed by EXP Realty, LLC | $850,000 | |
| Listed by EXP Realty, LLC | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017