7040 DOVER AVE
About This Property
The current owner has recently replaced the roof and the garage door. They also had the fireplace and chimney completely rebuilt in 2021. In 2020 the crawl space electrical plug and light were replaced, as were the sump pump draining lines. A new hose bib was also installed. The sump pump was replaced in 2019. A new water heater was installed in 2019. A new central air conditioner was installed in 2018. All within the last 5 years the seller has renovated the kitchen with new cabinets, counter tops, a new sink and faucet, and stainless steel appliances - including having a built-in microwave installed. They also had a water line installed for the refrigerator ice maker, repaved the driveway, replaced sliding glass doors, installed new kitchen and laundry room flooring, added an LED light over the kitchen sink, replaced the garbage disposal, replaced the hall bathroom exhaust fan, replaced the primary bedroom shower plumbing, had a laundry room LED light installed, replaced the exterior front porch light, replaced the back deck railing and more. The listing agent has a full list of all the work that has been done to the property since 2015.
Single level living, plenty of space for everyone, peace, tranquility and privacy at the end of the street, no one on three sides, a chance to watch the wildlife, great woodland views, very well-kept, in a fantastic community and walkable to fantastic amenities on the water... This home has just about everything!
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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.
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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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About Anne Arundel
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017