423 BEACH DR
About This Property
Step inside and be greeted by the warm embrace of hardwood flooring, exuding timeless elegance and adding a touch of sophistication to the home's ambiance. Enjoy the gentle breeze and tranquility on the screened porch, creating the ideal spot for relaxation or entertaining guests.
The lower level of this home boasts a cozy fireplace, perfect for those cool evenings spent unwinding or hosting intimate gatherings with loved ones. The spacious area lends itself as an additional area for overnight guests.
Experience the incredible Annapolis lifestyle. Hillsmere Shores offers residents a beautiful beach and their slogan "where the Chesapeake bay meets the South River". A playground, a community swimming pool and walking distance to a library, restaurants, and Quiet Waters park are just a few of the reasons this neighborhood has become a local favorite. Downtown Annapolis is a quick drive away where "Annapolotins" enjoy museums, restaurants, theater and maritime history.
While the interior has been carefully attended to, the exterior and grounds provide an opportunity for your personal touch. Priced to accommodate improvements, this cottage presents the chance to tailor the outdoor spaces to your vision and create a truly enchanting oasis.
Don't miss out on this exceptional opportunity to own a piece of paradise in Hillsmere Shores. Contact us today to schedule a private tour and discover the endless possibilities that await you in this charming cottage by the sea!
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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.
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About Hillsmere Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017