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38 ANDY DRIVE
About This Property
The property currently features a garage with a finished apartment above, giving you a place to stay and enjoy the lake while planning your future home. Adjacent to the existing structure is a building site positioned to face the water, offering the opportunity to build a main residence designed around the lake views while keeping the existing garage and apartment for additional living space, guests, or storage.
With generous acreage, substantial waterfront, and an existing structure already in place, this property offers flexibility that is increasingly difficult to find at Lake Anna. Use it now, build when you're ready, and create the waterfront property you've been envisioning.
Opportunities with this combination of acreage, waterfront, an existing garage/apartment, and room for a future lake-facing home don't come along often on the private side of Lake Anna.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2026 | Listed by Real Broker, LLC | $850,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017