505 LUDLOW ROAD
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 11, 2025 | Relisted | $795,000 | |
| Relisted | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed | $795,000 | |
| Listed | |||
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Assumable VA Loan (3.625%) for Qualified VA Buyers! Don't Miss this Opportunity to Experience the Quintessential Annapolis Lifestyle in the Vibrant Admiral Heights Community located in close proximity to the Naval Stadium and Downtown Annapolis with Community Access to Weems Creek. This Delightful Cape Cod is perfectly situated on a large, fully fenced Corner Lot with an Updated Kitchen, Separate Dining Room, Cozy Living Room with a Fireplace and a Sunroom, boasting 2 Main Level Bedrooms, Main Level Full Bath and a Spacious Upper Level Primary Suite. The Finished Lower Level offers a Family room, Utility Room, Storage, Updated Full Bath and Bedroom/Bonus room that provides both comfortable living and flexibility. Admiral Heights is located in a Voluntary Home Improvement Association with access to the Community Waterfront areas of Halsey Park & Dewey Dock for fishing, swimming and small vessel launch as well as access to the Community Pool and Boat Club with membership. Schedule your showing today!
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017