641 SHORE ACRES RD
About This Property
The main level features a formal living room and a family room, each with a fireplace, and an eat-in kitchen with attractive wood cabinetry and quartz countertops. Beautiful hardwood floors grace the main and upper levels, with a slate entry/foyer; most hardwoods have been installed since 2023.
Step outside to a huge deck off the back of the house, perfect for outdoor gatherings and relaxation. The expansive yard is fully fenced for privacy, pets and more. The property also includes a spacious two-car garage and a driveway with parking for 4+ cars.
The finished lower level adds additional living space with a recreation room, full bath, and an extra room that can serve as guest quarters, a home gym, or a hobby space. This home offers a perfect blend of elegance and functionality, with recent updates and ample room both indoors and out.
Ulmstead Estates boasts a wide range of amenities, including two marinas complete with boat slips and a boat ramp, four lighted tennis and pickleball courts, an outdoor pool (home to a swim team), and a waterfront playground and picnic area, known as the Ulmstead "beach".
The community also offers ballfields, recreational areas, and a variety of activities throughout the year.
Located on the Broadneck Peninsula, known for its highly acclaimed Blue Ribbon public schools, this home offers easy access to major commuter routes, BWI Airport, and the charm of historic Annapolis. Here you'll enjoy convenience and tranquility in equal measure, live the lifestyle!
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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.
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