9 HERNDON AVE
About This Property
Multiple outdoor areas, from the screened porch to the lush backyard and front sitting areas, offer plenty of space to relax or entertain. Whether you're unwinding on the deck, heading to the beach-side community pool, or exploring the community marina and scenic walking trails, the coastal lifestyle is yours to embrace.
While charming from the outside, with its sunny yellow door and beautifully landscaped yard, the home reveals expansive, airy interiors that are sure to surprise and delight. Discover an open living area with cathedral ceilings, hardwood floors, and a wood-burning fireplace to relax by or entertain. The kitchen is a true gathering spot, featuring a stone island, walls of windows, and a dining area that leads to the newly added Timbertech deck-ideal for enjoying the coastal breeze. Great for entertaining.
The upper-level primary suite is a private retreat with panoramic Bay views, a luxurious spa-like ensuite, and a spacious dressing room. A spiral staircase leads to a versatile space, perfect for a yoga studio, home office, or private getaway. The sun-filled walkout lower level provides additional living space, plus space to easily convert back into a 4th bedroom, offering convenience and privacy for guests, as well as additional living area.
Located just minutes from downtown Annapolis, this Bay Ridge gem perfectly blends modern luxury with coastal charm, making it an ideal year-round residence or a tranquil escape.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017