3234 BLACKWALNUT DR
About This Property
Welcome to your dream home, located in the highly-desired Blackwalnut Cove community. This warm and spacious, 3-bedroom, 2.5-bathroom home boasts a perfect combination of comfort, style, and convenience. The open-concept living space is perfect for entertaining. Make memories in the generously sized dining area laughing and telling stories at the table. The kitchen features modern appliances and new quartz countertops to make meal prep a breeze. Get ready for BBQ season because your fully fenced yard and spacious deck will be the perfect place for fire-pits, kickball or a quiet evening outside. You will love having a first-floor primary bedroom with its own private bath and walk-in closet. Upstairs, you will enjoy two generously sized rooms and another updated full bath. The lower level boasts a charming reading room, another full bath, a huge family and game area as well as an exercise or storage space with an exit to the back yard. All of the big-ticket items have been replaced within the past few years, including a new roof, new HVAC, and a new water softening system. This home also includes a single-car garage, providing a covered parking space and storage. Residents of Blackwalnut Cove (BWC) enjoy access to a variety of amenities, including a waterfront park for kayaking and paddleboarding. You can even venture out to the Chesapeake Bay! Another neighborhood park has a playground, basketball courts and picnic areas. This home is only one block away from a the new Hillsmere Elementary School and a trail that leads directly to Hillsmere Shores. As an additional perk, BWC members can join the Hillsmere Shores community pool! Don't miss out on this amazing opportunity just minutes away from downtown Annapolis and all of its fabulous shopping, restaurants, and history.
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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%.
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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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About Annapolis Neck
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017