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LAGOON
About This Property
This lot of land is located in Chaptico, MD within St. Mary's County. The property is in close proximity to Wicomico Shores Golf Course, Christ Episcopal Church, Bachelor's Hope, and Deep Falls. Nestled just off Maryland Route 234, this property enjoys easy entry to a major roadway for regional connectivity, including swift westward access toward U.S. 301.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$5,000
↓ $3K
(33.3%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Increased |
$7,500
↑ $3K
(50%) | |
| Price Increased | |||
| Jun 11, 2026 | Price Decreased |
$5,000
↓ $3K
(33.3%) | |
| Price Decreased | |||
| Nov 14, 2025 | Price Decreased |
$7,500
↓ $3K
(25%) | |
| Price Decreased | |||
| Aug 22, 2025 | Listed by Ashland Auction Group LLC | $10,000 | |
| Listed by Ashland Auction Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017