Stunning water views from this top floor unit with cathedral
ceilings and natural light create a perfect waterfront retreat. The
spacious three bedroom floor plan is very open, offering a primary
bedroom with excellent water view, ensuite bath, dual closets, plus
two additional bedrooms where there is separation of the rooms
providing privacy. The kitchen features abundant cabinetry with
china cabinet, island, granite prep surfaces, and breakfast area. A
wrap deck can be accessed from the kitchen as well as main living
area, and is a great place to take in the beautiful water views.
There is a separate laundry room that provides additional storage,
a unique and very desirable feature of the St. Michaels floor plan.
Boat slips are available for separate purchase and immediately
accessible to the Harbor View building where the unit is located.
Solomons Landing resort style amenities in a marina community, all
close to the many Solomons conveniences and attractions, create the
exceptional island lifestyle. (Some rooms have been virtually
staged to visualize the home's spaces)
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.
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