5070 LERCH DRIVE
About This Property
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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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed | $875,000 | |
| Listed | |||
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Gorgeous waterfront home on the West River located in the Avalon Shores community of Shady Side. Offering 5 bedrooms, 3 full baths, and 2500+ sq.ft of sun-bathed living space on two levels. This beautiful home features an open floor plan with large wall of windows overlooking the rear yard and river, private pier w/ lift, mature landscaping, workshop/storage shed, and ample parking. The main level offers a modern open kitchen with granite countertops stainless-steel appliances, dining room, generous living/sitting area, 1 bedroom, 1 full bath, laundry/utility room, and rear covered deck for dining or relaxing. Upstairs the primary suite offers a full bath, sitting area, and ample closets. Three additional bedrooms, one with balcony, the 3rd bath, and open sitting area complete the second level. Hardwood floors throughout. Major updates completed in 2021. Short distance from groceries, parks, dining, and marinas. Short boat ride to dining in Galesville. Half hour to Annapolis and under an hour to DC, Avalon Shores offers two playgrounds, private community boat ramp and fishing pier. Don't miss this opportunity to live your best Chesapeake Bay life. Dry zone installed in 2016. This is a temperature and moisture control system installed in the entire crawl space. Deed reflects ownership of lot 1 and 2 total of .25 acres. Avalon Shore- it is a special community benefit district (SCBD)
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| Jan 30, 2023 | Sold | ||
| Sold | |||
| Nov 21, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017