506 NORTON LN
About This Property
506 Norton Lane offers easy access to downtown Annapolis, the Eastern Shore via the Bay Bridge, Baltimore, DC, BWI, AACC, and Ft. Meade. It is also conveniently located for shopping, highly-rated Broadneck schools, and outdoor activities like boating, biking, or walking on local trails. Meet all the neighbors at one of the many events held by the Foxmoor Community Association. The community offers a robust calendar of community events throughout the year so there would be plenty of opportunities!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017