1036 MILLER CIR
About This Property
Arden-on-the-Severn offers residents 5 sandy beaches along the river, three with boat ramps and trailer parking available. The Plum Creek mooring site features boat ramp, dingy dock, and free mooring ball sites for sail and motorboats. For those who love soccer, lacrosse, and hikes in the woods, Arden borders an extensive park maintained by Anne Arundel County. Millersville Elementary school. Shopping areas are a short drive away in Annapolis, Odenton, Millersville, and Severa Park.
This home has many updates including: * New roof installed in 2018. Includes a transferable 50-year warranty. * New 450-foot well dug in 2018. * Windows replaced with energy efficiency upgrades in 2006. * Kitchen floor and countertops upgraded in 2006. * Septic field reworked in 2006. Septic pumped in 2023. * Woodstove inspected and cleaned in 2023. * Bedroom carpet new as of 2023. * Stove new as of 2023. --- Conveyances include: * Wooden blinds in living/dining area. * Blackout blinds in the main bedroom. * Shed. * Composter and Rain barrel. * Mower.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017