3905 2ND STREET
About This Property
Rare opportunity in the highly desirable community of North Chesapeake Beach, where the true value lies in the land and location. This 2-bedroom, 1-bath home is being sold as is, offering an exceptional canvas to build your coastal dream.
Just moments from the Chesapeake Bay and the charm of North Beach, this property invites you to imagine a custom home designed to capture the relaxed waterfront lifestyle. If you have ever dreamed of living near the water, this is your chance to make it a reality. Enjoy bay breezes, nearby beaches, boardwalks, local dining, and the unmistakable feeling of being on vacation every day.
Whether you are an investor, builder, or visionary buyer, opportunities like this in such a sought-after coastal setting are increasingly rare. Bring your plans, your imagination, and create the home you have always wanted near the Bay.
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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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About North Beach
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Currently no similar homes aroundNearby Rentals
$2,595 /mo
- 3 Beds
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- 2,168 ft²
$1,795 /mo
- 2 Beds
- 1 Bath
- 4,141 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017