311 CANTERFIELD ROAD
About This Property
The main level also includes a formal dining room with crown and chair rail molding, beautiful hardwood floors, and a convenient half bath. Upstairs, the large primary suite offers a dressing area, walk in closet, and a spacious bath with a walk in shower. Laundry is conveniently located on the bedroom level, along with nicely sized secondary bedrooms.
The lower level features a finished recreation room, a fourth bedroom, and a newly added full bathroom. There is also a large unfinished storage area for added flexibility. Major systems include a new water heater from 2021 and HVAC from 2010.
Outside, the rear yard provides plenty of space to relax or play. Residents of Hunt Meadow enjoy exceptional amenities including a community pool with clubhouse, tennis courts, playground, and scenic walking and jogging trails, all just minutes from downtown Annapolis.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017