990 HIGHPOINT DRIVE
About This Property
This fantastic 3-level home offers 3 bedrooms and 3 full bathrooms, combining comfort, space, and a sought-after lifestyle. Step into the open and airy kitchen-updated in 2020 along with other parts of the home-featuring stainless steel appliances and a large peninsula with seating for six, perfect for casual dining and entertaining.
Upstairs features three generously sized bedrooms, a versatile flex space, and two full bathrooms, with the convenience of laundry located on the same level. Six mini splits throughout the home ensure year-round comfort, with budget billing averaging just $226/month.
Enjoy outdoor living in the 3-season sunroom, on the deck, or in the fenced backyard-complete with a fire pit and storage shed. The oversized one-car garage includes additional space ideal for a workshop. The basement offers even more space with a rec room and a workout area.
Nestled in a water-privileged community, you'll have access to 3 community beaches, boat ramps, marinas, docks, a fishing/crabbing pier, picnic areas, playgrounds, a clubhouse, and an outdoor pool (with membership). All boats, kayaks, canoes, and other watercraft are welcome here!
Just minutes to downtown Annapolis and within easy commuting distance to both Baltimore and Washington, D.C., this home offers the best of both convenience and coastal lifestyle. *** Broadneck School District.***
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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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About Cape St. Claire
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017