606 CANDY CT
About This Property
The outdoor space is a true highlight, featuring a custom-built 550-square-foot raised Ipe deck designed for entertaining and relaxation. Plumbed for natural gas, it's perfect for outdoor grilling and a cozy fire pit. After a day on the water, unwind in the 4-person hot tub surrounded by beautiful landscaping. The flat rear yard is fully fenced and includes an irrigation system, a dedicated vegetable garden, and a dry riverbed for drainage.
Step inside to discover a spacious layout with two home offices, ideal for remote work or study. The heart of the home is the chef's kitchen, equipped with a 48-inch commercial gas Thermador range. Additional conveniences include a 60-amp Level 1 EV charger and a whole-house generator, ensuring you're always prepared for anything. The lower level features 8'8" ceilings with a rough-in for a bath and two upgraded double doors that allow for easy storage of boat equipment.
This property offers a peaceful retreat on a dead-end canal, ensuring quiet surroundings and no through traffic. You'll appreciate the home's elevation and easy access to the water, along with community amenities like a boat ramp, pier, and kayak storage-all with no HOA.
Located in the sought-after Broadneck school district and just minutes from downtown Annapolis and Route 50, you'll have quick access to Washington, D.C., Baltimore, and the Eastern Shore. This is your chance to embrace a waterfront lifestyle that blends comfort and convenience. Don't miss out on this exceptional opportunity at Candy Court! ***All showings start Friday, September 20th.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017