6135 SUMMIT STREET
About This Property
This two-bedroom, one-bath home reflects pride of ownership and has been well maintained, making it ready for you to enjoy a slower pace of life on Maryland's Chesapeake Bay. The backyard pool is a highlight, offering a tranquil setting that is worth the price of admission. Relax poolside after a day spent fishing, crabbing, or sailing.
Additionally, a large shed provides ample storage for all your needs. This property also presents a great investment opportunity for short-term rental or as a retirement home. Don't miss out on this one! Make your appointment today.
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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