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8 GRANADA ROAD
About This Property
Boaters will love this incredible location with easy access to Annapolis, the Magothy River, Rock Hall, and Baltimore's Inner Harbor. The community also features a beach and boat ramp on Granada Road, along with a nearby park and playground.
Inside, you'll find numerous upgrades including a whole-house UV-C air sanitizer, towel warmer in the primary bath, stamped concrete driveway, and hardwood flooring beneath the luxury vinyl plank flooring. The main level offers approximately 1,590 finished square feet, including the four-season sunroom with its own HVAC system. The finished lower level adds approximately 1,441 square feet and includes a spacious recreation / family room, full bath, workshop, abundant storage, and flexible living space perfect for entertaining or hobbies.
Additional storage is available beneath the sunroom for kayaks and other water toys, as well as in the storage shed.
There are no mandatory HOA fees; membership in the Sunset Beach Improvement Association is voluntary and provides access to community amenities including the beach, boat ramp, slips, and community area.
Low-maintenance living, extensive updates, incredible boating access, and unforgettable waterfront views make this a rare opportunity to own a piece of the Chesapeake lifestyle.
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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%.
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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 Riviera Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017