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6 CHASE ROAD
About This Property
The home offers four finished levels of living space. An upper floor, featuring a pool table, bar, balcony and half bath, provides great space for watching sports or enjoying a "tree house" feel. The bedroom level includes a spacious primary suite with office, walk in closet, gas fireplace, and private bath, as well as three additional bedrooms, two full baths, laundry room and ample linen storage. The main level features wide plank mahogany floors, extensive millwork and built-in storage, coffered ceilings, and two fireplaces. This floor includes a bedroom suite, spacious living and family rooms, a gracious dining room, screened porch, custom eat-in kitchen, pantry, and mudroom. The lower level includes an exercise room, and recreation/TV space. Oversized, attached, two car garage. Fabulous location within Annapolis, minutes to downtown across the Naval Academy Bridge, dining, shopping, biking the B & A trail and easy access to Route 50.
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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 Anne Arundel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017