404 MONTEREY AVENUE
About This Property
Recent updates include: ( Brand new June 2025 Architectural Shingle Roof on house and garage -$19,900 ), (New HVAC with 2 zones 2021- $13,886), ( Finished Lower Level -2021- adding family room, 5th Bedroom, full bath and kitchenette -$72,745) Full upgrade to rear deck and painting -2025- $10,150) (Painting of front entry stairs, living room and vaulted ceilings -2025- $5,795) - too many others to list here - check documents tab and List of Updates Flyer in the kitchen.
(Premier West Annapolis street right across from Weems Creek and just 1 block away from water access at the end of Tucker St. Convenient to West Annapolis restaurants and shops and just a brief ride to City Dock and ideal location to Route 50 for all commuter routes.
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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 18, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Long & Foster Real Estate, Inc. | $1,450,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Aug 6, 2019 | No longer available | - | |
| No longer available | |||
| Mar 26, 2019 | Sold | ||
| Sold | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017