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1157 SEVERNVIEW DRIVE
About This Property
A crushed stone circular driveway creates an impressive arrival, while a separate asphalt driveway leads to an oversized detached one-car garage, offering ample parking and convenience. The expansive covered front porch spans the entire width of the home, creating the perfect space to relax and enjoy the peaceful setting.
Inside, the open and inviting floor plan is designed for today's lifestyle. The main level features a spacious family room and office or flex area. Just a few steps up, you'll find the beautifully updated kitchen with breakfast area, dining space, and access to the bedroom level. The home offers three bedrooms and three full bathrooms, including two bedrooms with private en-suite baths, providing exceptional flexibility for owners and guests alike. Rich maple hardwood floors add warmth and character along with Luxury Vinyl throughout, while the maintenance-free HardiePlank siding and exterior overhangs make ownership easy.
Ideally situated within the community, the property enjoys winter views of the Severn River and is located within the new Severn Run High School district. Residents of Arden on the Severn enjoy access to five community beaches, three boat ramps, playgrounds, parks, walking trails, community events, and the unique waterfront lifestyle that makes this neighborhood one of Crownsville's most sought-after communities.
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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 Arden on the Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017