1118 SEVERNVIEW DR
About This Property
The kitchen, remodeled in 2018, is generously sized and boasts rich natural wood cabinetry, granite countertops, a double stainless steel sink and appliances, and a durable tile floor.
Natural light floods the space, with thoughtful features like a high transom window in the hall bath and a newly added transom window in the living room, enhancing the home's bright and airy ambiance.
The lower level is a warm and welcoming retreat. The family room is complete with a wood stove for cozy evenings. A dedicated desk area provides a quiet spot for work or hobbies. Natural light filters in through the transom style windows, and the walkout door offers easy access to the backyard, blending indoor comfort with outdoor convenience.
The large unfinished portion is a dream for DIY enthusiasts, offering abundant storage and a dedicated workshop outfitted with work tables along two walls and in the center - perfect for tackling projects of any size. The owners have lovingly maintained this home, keeping meticulous records of all work performed, showcasing their pride of ownership.
Embrace the tranquil waters of the Severn River. Living in Arden on the Severn means access to five private beaches, three boat ramps, fishing piers, a dinghy dock, and kayak storage. Imagine morning walks along the shore, or afternoon paddles.
Students will appreciate the brand-new, state-of-the-art Severn Run High School, offering cutting-edge facilities.
The Arden Community Association hosts events like summer beach celebrations, Halloween Tent-or-Treat, and a festive Christmas parade. With clubs for kids and teens, monthly senior lunches, and year-round activities.
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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