345 DERBYSHIRE LANE
About This Property
Offered by its original owner, this home has been meticulously cared for and thoughtfully updated throughout the years. Recent improvements include the roof, siding, windows, doors, and HVAC system, providing peace of mind for years to come.
Inside, hardwood flooring extends throughout most of the home, complemented by custom cabinetry, stainless steel appliances, and spacious living areas designed for both everyday living and entertaining. The welcoming family room features a vaulted ceiling and gas fireplace, while the adjoining three-season room provides additional living space overlooking the beautifully landscaped yard.
The primary suite serves as a private retreat with a vaulted ceiling, walk-in closet, and a spacious bath featuring a soaking tub, glass-enclosed shower, and double vanity.
A large unfinished basement offers endless possibilities for future expansion, workshop space, storage, or recreation. Reflecting the owner's passion for custom woodworking, the home is equipped with electrical service suitable for heavy-duty equipment and workshop use.
Additional features include a whole-house generator, an electric vehicle charging station in the garage, a charming front porch, rear patio, and mature landscaping that creates a picturesque outdoor setting.
This is a rare opportunity to own a lovingly maintained home in one of Annapolis' most desirable water-privileged communities, where boating, recreation, and neighborhood charm come together to create an exceptional lifestyle.
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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