65 WOOD DUCK DR
About This Property
Enjoy the sunrise over Ocean City from the rear deck, screened-in porch, kitchen or upper level family room. An extension of the upper level family room, the rear deck has been expanded and runs the entire length of the home, with composite decking and cable railings so you can enjoy an unobstructed view.
Interior upgrades include - upper level reconfigured to maximize water views, full kitchen renovation with Green Forest cabinetry, quartz counters, GE Profile appliances, additional beverage fridge, and expanded pantry, all bathrooms fully renovated, new LVP flooring throughout the main living spaces and primary bed & bath, and new carpeting installed in three bedrooms and on stairs, recessed lighting added, new lighting fixtures installed throughout, and all wiring updated, custom window treatments installed throughout, including heat-blocking, black out roller shades and blinds.
Exterior upgrades include - replaced dock stringers and decking, installed a 12.5k lb boat lift with remote, and 4 new pilings installed for lift, full replacement of siding/gutters/porch posts/soffits, 8" plank siding with black shutters, soffits, and gutters, two new exterior doors in back of house, yard sodded, large rocks and stone patio added, paved driveway (previously gravel), updated front landscaping including new irrigation system, new drain on driveway, and two new exterior faucets, replaced and extended both back decks and front porch renovation, all decking replaced with composite, installed irrigation system for grass, updated external lights and post light, replaced glass in front door and side windows, replacement of all screen doors and screens in back porch.
Major system updates - Crawl space fully encapsulated and waterproofed, two new HVAC systems installed per FEMA standards, one natural gas and one electric, two new thermostats (Ecobee), an EV charger and new electric panel installed, Ring security system and external cameras installed, solar dock lighting and flag pole with solar light.
Enjoy all the amenities of Ocean Pines: an oceanfront beach club with parking on 50th street in Ocean City, a public Yacht Club in Ocean Pines, five pools, two marinas, a premier racquet sports complex, and a Robert Trent Jones Sr.-designed championship golf course.
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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