922 YACHTSMAN WAY
About This Property
Just off the dining room, a large deck provides the perfect space for grilling, outdoor dining, and relaxing, making it a wonderful spot to unwind or host guests. The spacious backyard includes two storage sheds, offering plenty of room for bikes, yard equipment, and additional storage.
Additional highlights include updated bathrooms, a convenient parking pad, and a location on a quiet cul-de-sac. The HOA is scheduled to paint the exterior later this year, enhancing curb appeal with no added effort
or expense on the buyers part. The home is currently vacant; photos show virtual staging to illustrate how the space could look with furniture. Located just five minutes from Annapolis, this home offers easy access to shopping, dining, waterfront attractions, and major commuter routes.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017