400 TAYLOR AVE
About This Property
Welcome to Annapolis! This 1940 Craftsman style bungalow is perched in an iconic Annapolis location on Taylor Avenue in the heart of Cedar Park. With views of the Navy-Marine Corps Stadium and moments to downtown Annapolis, this charming home is brimming with character. While the broad front porch greets you from the street, there is also a large driveway for off-street parking for 3+ cars and easy access to the house from the back door. Inside, you will find a traditional Craftsman layout with living room, dining room and the kitchen on the main level along with a powder room. The bright kitchen features granite counters and stainless appliances as well as a small mud room area with access to the backyard and driveway. The second level has 3 bedrooms and one full bathroom, plus access to the third level loft. Enjoy the extra space of the loft area which also has a full bathroom and storage! Use for another bedroom, an office, playroom, or even a massive walk-in closet! Beautiful hardwood floors run throughout the main and second levels. The unfinished basement has a laundry area as well as tons of storage (or use for a home gym or play area!). Outside, enjoy the large yard (fenced in the back) with patio and play set and room for gardening and more. The detached garage is perfect for storage and yard equipment. Enjoy living the Annapolis lifestyle: walk across the street to catch a Navy game or event, use the jogging path around the stadium trail or Poplar Trail, stroll to Graul's, Naval Bagels, or Rutabaga and enjoy West Annapolis shopping and dining. Pop into Downtown to City Dock or to the Naval Academy. Quick access to Route 50 & I-97 for easy commuting to DC, Baltimore or the Eastern Shore. Fantastic investment opportunity as well, no HOA!
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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%.
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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 Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017