41 CANNON DR
About This Property
Conveniently located near Ocean City attractions, this property provides access to community pools, a golf course, and a yacht club. The first-floor master bedroom includes a hot tub for added luxury.
The Innerlinks community offers dining, swimming, boating, and entertainment at the Yacht Club. Ocean Pines Resort features multiple marinas, pools, tennis courts, and more. Don't miss this opportunity to experience coastal living at its finest!
This 3-bedroom, 2-bath ranch-style house welcomes you with an open living area featuring a gas fireplace. A flex room with ample natural light complements three spacious bedrooms. With room for creativity and personal touches, this property is your chance to join the thriving Ocean Pines community.
Priced to sell, this home won't last long! If you've ever dreamed of owning a home on a championship golf course for less than the cost of renting.
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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 |
|---|---|---|---|
| Feb 20, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | In contract | - | |
| In contract | |||
| Jan 3, 2024 | Relisted | $365,000 | |
| Relisted | |||
| Nov 28, 2023 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $365,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jun 29, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017