409 HIGHLAND DRIVE
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Jan 31, 2026 | Listed by Keller Williams Flagship | $359,990 | |
| Listed by Keller Williams Flagship | |||
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You'll love the location of this updated rambler in sought-after Woodland Beach community of Edgewater! This home offers the perfect blend of water-oriented living and commuter convenience. Residents enjoy access to multiple private community beaches, marinas, boat ramps, fishing and crabbing piers, picnic areas, playgrounds, and kayak storage, all just moments from the South River and the Chesapeake Bay. Ideally sited with easy access to Route 2 and Central Avenue, this location provides an easy commute to historic downtown Annapolis, as well as Washington, D.C., Baltimore, Fort Meade, and BWI Airport. Shopping, dining, grocery stores, parks, schools, and the post office are nearby—many within walking distance. Home has three bedrooms and a full updated bath with a granite vanity top, updated lighting and framed mirror. Home has LVP throughout and is freshly painted. An eat-in kitchen has table space, updated white cabinets, built-in microwave and a backsplash. An exterior door from the kitchen leads out to a large deck to enjoy summertime sun or outdoor grilling. Backyard is fully fenced with a low-maintenance vinyl privacy fence. Two gates, one on either side of the fence, offer convenient access to the yard and a newer concrete driveway provides ample off-street parking. Kitchen also has a large utility and laundry closet with full sized stackable washer & dryer. Outdoor enthusiasts will love the quick access to boating, kayaking, paddleboarding, and waterfront trails, along with the nearby Historic London Town & Gardens, a neighborhood treasure offering scenic walking paths and green space. Whether you’re heading out for a day on the water or commuting to work, Woodland Beach delivers a lifestyle where convenience meets coastal charm!
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| Jul 6, 2018 | Sold | ||
| Sold | |||
| May 18, 2018 | Listed by RE/MAX Leading Edge | $244,900 | |
| Listed by RE/MAX Leading Edge | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017