791 CENTRAL AVENUE E
About This Property
Nine-foot ceilings on the main level. The living room features new luxury vinyl plank flooring (2025), gas fireplace with decorative mantel, and dentil crown molding, and flows into the dining room, new atrium doors with integrated between-the-glass blinds open to a deck overlooking the fully fenced backyard. Kitchen highlights: maple cabinets, granite counters, center island with stool seating, accent wall, tile flooring, crown molding, brand-new Samsung Bespoke refrigerator. Half bath and laundry on the main level. Three bedrooms, each with its own full en-suite bath - a rare layout. The main-level suite has two closets (one walk-in, one with full organization system) and a spa soaking tub. The two upper-level suites each have walk-in closets and full baths, rooms large enough for a king bed and home office in each.
Fenced backyard with Amish-built storage shed. Garage has floor-to-ceiling shelving on one side, still fits a large SUV. Major systems current: HVAC (2021), well pump and water lines (2021), gutters and trim (2025), atrium doors (2025). Termite-treated and certified. Over $75,000 in documented improvements.
Five minutes for groceries. Central to the DMV. Easy access to Fort Meade, Annapolis, DC, and Baltimore.
Residents of River Club Estates can enjoy optional amenities through a voluntary HOA for just $75 per year, including access to a sandy beach, dock, picnic tables, watercraft rack, and benches, perfect for enjoying the waterfront 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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About Selby-on-the-Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017