Waterfront STR Annapolis MD

[Michael Sassone]

Hey all,

STR property (registered AIRBNB/VRBO) in Annapolis, Maryland is for sale. Saw this listing come across my desk figured I'd share incase anyone is interested:

Gross income for 2021 was $62,588

NOI for 2021 was $25,723

Market Value/Asking Price is $1,100,000 (down from $1,275,000)

Cap Rate: 2%

DOM: 63

Homeowner manages themselves according to the listing agent. She sent me their expense sheet and I think a lot of expenses could be cut down and the unit could be rented more efficiently.

Shoot me a message if interested and I can get you some more info

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