390 HILLTOP LN
About This Property
Attention "Fix-and-Flip" and "Buy-and-Hold" Investors! Come and see the next great opportunity that awaits you in Annapolis. Fantastic location with lots of potential for those who know how to get it done.
This house is situated on a large lot convenient to Downtown Annapolis, Eastport, Routes 50 and 450, the Naval Academy, and all of the amenities that make Annapolis such a highly desired place to live. With your creativity and skilled renovation, you can turn this house into a superb rental or modernized home that would be any buyer's dream.
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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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Listed by Samson Properties | $340,000 | |
| Listed by Samson Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017