1222 SEVERNVIEW DR
About This Property
BUYER is responsible to get ANY and ALL County approvals/permits!
Bring us an Offer!
Community Amenities include Beaches, Boat Ramps, Piers, and Parks. Arden Beaches Inc (NOT an HOA) manages community beach property for a MANDATORY fee of $32 per year per lot. Arden Civic Association is voluntary community group that organizes activities. Community sports fields offer baseball, lacrosse, soccer, softball, etc.
BUYERS*****Do not walk the property without an agent. It is heavily wooded and there are limited paths. You are responsible for any missteps.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jul 7, 2021 | Listed by Hoffman Real Estate Group, LLC | $300,000 | |
| Listed by Hoffman Real Estate Group, LLC | |||
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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