$515,000
●
House -
Off Market
948 BERMUDA LN
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,756 Ft²
$561,063
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
MAJOR PRICE REDUCTION Friday, 12/9/22.
This 2BR, 2BA, 1-car garage home has been well maintained and shows very well. It has all the features you need for easy and quiet living. A three-season Porch off family room, overlooking private backyard; large, sunny Living Room with lots of light and wall of windows, modeled after the Palladian window, also accommodates the Dining Area; updated Kitchen is abundant with new cabinets, some with glass doors, granite countertops and island extension to accommodate stools; Family Room with cathedral ceilings, 2 skylights an updated gas fireplace; large Primary BR with BA, dressing area and walk-in closet; 2d BR has 2 windows and double closets. Add to these features a full hall bath, ceramic floors, brick patio, laundry room and lovely landscaping. WOW! In addition, all major mechanicals have been updated since owner purchased. Located on cut de sac, Perfect. Move in fee of $2075.00 to Heritage Harbour ($2000 recreation fee, $75 account setup fee)..
This 2BR, 2BA, 1-car garage home has been well maintained and shows very well. It has all the features you need for easy and quiet living. A three-season Porch off family room, overlooking private backyard; large, sunny Living Room with lots of light and wall of windows, modeled after the Palladian window, also accommodates the Dining Area; updated Kitchen is abundant with new cabinets, some with glass doors, granite countertops and island extension to accommodate stools; Family Room with cathedral ceilings, 2 skylights an updated gas fireplace; large Primary BR with BA, dressing area and walk-in closet; 2d BR has 2 windows and double closets. Add to these features a full hall bath, ceramic floors, brick patio, laundry room and lovely landscaping. WOW! In addition, all major mechanicals have been updated since owner purchased. Located on cut de sac, Perfect. Move in fee of $2075.00 to Heritage Harbour ($2000 recreation fee, $75 account setup fee)..
Unit Size
1,756 Ft²
Days on Market
6 days
Land Size
0.16 acres
Price per sqft
$302
Property Type
House
Property Taxes
$388
HOA Dues
$153
Year Built
1989
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Bright MLS #MDAA2046510)
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Listed by: Georgeann Berkinshaw
Coldwell Banker Realty
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDAA2046510
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Coldwell Banker Realty
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDAA2046510
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