815 JANICE DRIVE
About This Property
Investor Alert! Don't miss this rare opportunity to unlock the full potential of a diamond in the rough. This estate sale is being sold strictly as-is, including all personal property currently on-site. The home features solid bones and a functional layout but is in need of a full cosmetic renovation-ideal for investors, or ambitious homeowners ready to bring their vision to life. Nestled on a beautiful lot with mature trees and established shrubbery, the property offers natural charm. The community of Green Acres is voluntary HOA-just $50/year to maintain the waterfront common area and shared spaces-this is a chance to build equity in an established neighborhood. Bring your tools and your vision!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 15, 2025 | Listed by Long & Foster Real Estate, Inc. | $350,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Building Info
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017