4 DECATUR AVE
About This Property
This home is located just a few blocks to the beautiful bay front community pool (bond required and yearly fee) , beaches, marina, club house, playground and sports courts that includes a pickleball area. Or you can take your golf cart, ride bikes or stroll along the Chesapeake Bay shoreline. You will soon see why this is the most sought after neighborhood in Annapolis offering annual festivities, parades and historical events, all organized by Bay Ridge residents. There is nearby shopping & restaurants and easy access to all major commuting routes to DC, Baltimore and the Eastern Shore! Bay Ridge is a Special Tax Assessment District and the membership dues of $250 year are encouraged. Sellers have pool bond which will convey with the right offer!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2023 | No longer available | - | |
| No longer available | |||
| Nov 5, 2023 | Price Decreased |
$1,500,000
↓ $85K
(5.4%) | |
| Price Decreased | |||
| Jul 22, 2023 | Price Decreased |
$1,585,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017