702 LONDONTOWN ROAD
About This Property
Inside, the home features gleaming wood floors and a warm, welcoming living room with a fireplace, creating a cozy focal point for everyday living. The kitchen opens directly to the deck through sliding glass doors, blending indoor and outdoor living with ease. With 3 bedrooms and 2.5 baths, the layout is designed for comfort and convenience. The primary suite includes a walk-in closet and a private bath, offering a relaxing retreat at the end of the day. The main-level laundry room adds everyday practicality-an appreciated feature for busy households. This home's location is truly exceptional. You're minutes from the Annapolis area, with its vibrant waterfront, dining, shopping, and cultural attractions, while still enjoying the charm and tranquility of a water-oriented community. Water access, boating, privacy, and proximity to Annapolis-this home delivers the lifestyle so many buyers are searching for.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017