829 DIVIDING RD
About This Property
This property is thoughtfully equipped with a detached garage that houses a charming 1BR/1BA apartment above, offering flexibility for guests, a home office, and more. The main house, featuring a total of 3BR/2BA upstairs and an accessible 1BR/1BA on the ground floor, ensures ample space for everyone. Plenty of storage is available, with an on-site shed and a 2-car garage. Designed with accessibility in mind, an entrance, the main floor bedroom, and bathroom amenities are wheelchair accessible, ensuring comfort and convenience for all. Numerous upgrades and updates mean all you have to do is move in and enjoy life by the water! (Includes HVAC zone 1 2023; water heater 2021; deck updated and stairs added; exterior French drains; pavers in front of garage; apartment updated. Complete list available.)
Entertaining is a breeze with the screened porch and tiered decks, setting the stage for memorable gatherings against the backdrop of peaceful water views. The private pier with 4' MLW on Dividing Creek, granting direct access to the Magothy River, opens up a world of boating adventures on the Chesapeake Bay, making every day an opportunity for exploration and leisure.
Manhattan Beach is a friendly and welcoming water privileged neighborhood, offering direct access to the Magothy River and Chesapeake Bay. This serene peninsula is celebrated for its sense of community, green spaces, and unique blend of homes. With opportunities for boating, fishing, swimming, and kayaking, residents enjoy a backyard filled with outdoor adventures. The community center, playground, and three private beaches serve as gathering spots for enjoying stunning sunsets, waterfront activities, and socializing at events from chili cook-offs to themed parties throughout the year. Coupled with top-rated schools, parks, and convenient access to major roads, Manhattan Beach is the ideal blend of peaceful living and modern convenience.
Experience the epitome of waterfront living at 829 Dividing Road, where tranquility awaits in your dream home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017