3736 RAMSGATE DRIVE
About This Property
Thoughtfully designed, the open floor plan on the main level captures the water from every room. The office provides an ideal work-from-home retreat, while a secondary primary suite on the first floor adds comfort and versatility. The spacious living room with fireplace flows seamlessly to the expansive covered patio which extends the entire width of the residence providing unobstructed vistas overlooking the shimmering river and bay beyond. The gourmet kitchen is the heart of the home, boasting a massive island, high-end appliances, exquisite finishes and a convenient pass thru window out to the stunning screened porch. The porch features a beautiful fireplace, soaring ceiling, and heaters to enjoy the luxury of al fresco dining and relaxing at the end of the day; all year around.
Upstairs, all four bedrooms feature the privacy of ensuite baths, and all-except the bonus room/office with loft-are graced with breathtaking water views The Primary bedroom with soaring ceilings, fireplace, custom closet with island and spa-like bathroom combines luxury with functionality. The lower level, with its high ceilings and generous square footage, offers endless potential for future customization. The paver stone driveway leading to the spacious 3 car garage with car lift adds elegance and the geothermal heating/cooling system provides efficiency and keeps costs low.
Outside, an expansive lawn leads to approximately 125 feet of riprapped water frontage and boasts a private pier with multiple slips, 12,500lb boat lift, and jet ski lift.
The amenities rich Watergate community offers a community marina, pavilion and playground just steps from the property. The ideal location on the South River offers a quick boat cruise to a variety of waterfront restaurants, including Mike's Crab House, the Annapolis Harbor, the Chesapeake Bay and beyond. Welcome Home!
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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