3611 29TH ST
About This Property
Step into the kitchen, complete with beautiful granite countertops and a convenient slider that opens to a back deck, where you can enjoy your morning coffee while overlooking the expansive privacy fenced-in backyard. There is an extra storage shed. The home features stunning wood floors throughout, adding to the cozy atmosphere and 2 fireplaces.
In addition to the main house, this property includes a detached 2-car, 2-level garage, providing ample space for vehicles and storage. The conveyance of an additional building lot (Tax ID ) means you'll own a total of 0.46 acres, offering endless possibilities for expansion or outdoor activities.
One of the standout features of this property is its proximity to the Chesapeake Beach and North Beach boardwalk. Just minutes away, is a delightful array of restaurants, shops, and recreational activities. Chesapeake Beach is renowned for its stunning views of the Chesapeake Bay, vibrant community events, and family-friendly atmosphere. North Beach, with its picturesque boardwalk, sandy beaches, and charming downtown area, provides a perfect setting for leisurely strolls and enjoying the coastal lifestyle.
Don't miss this rare opportunity to own a home with such a prime location and incredible amenities.
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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