509 SCHLEY 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.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Listed by Coldwell Banker Realty | $778,900 | |
| Listed by Coldwell Banker Realty | |||
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Located in the sought-after, water-privileged community of Admiral Heights, this beautifully maintained 4-bedroom, 3-bath home offers a rare main-level primary suite, spacious light-filled living areas, and a large, private backyard surrounded by mature trees. Hardwood flooring extends throughout the main and upper levels, while the inviting living room features a wood-burning fireplace. The finished walkout lower level with a bedroom, full bath, and patio access provides flexible space for guests, recreation, a home office, or a gym, with abundant storage throughout.
Outside, enjoy professional stonework in the front yard, a paver driveway, and a large maintenance-free deck overlooking the private backyard—perfect for entertaining or relaxing. Leave the car behind and enjoy an exceptional walkable lifestyle, just minutes to West Annapolis shops and restaurants, Navy-Marine Corps Memorial Stadium, parks, and the community dock/pier, pool, and kayak launch. Downtown Annapolis is just over a mile away, with easy access to Route 50 for commuting. Residents may also join the voluntary Admiral Heights Improvement Association, providing access to neighborhood amenities including the pool, community dock/pier, parks, and kayak/canoe storage.
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| May 27, 2026 | Listed by Homecoin.com | $849,900 | |
| Listed by Homecoin.com | |||
| Jul 16, 2024 | Sold | ||
| Sold | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017