1501 SEVERNCROFT RD
About This Property
Vaulted ceilings with exposed wood beams and expansive glass create a bright, spacious feel, highlighting the open floor plan and entertaining deck. Enjoy complete privacy in the rear yard with tree-lined views. The main level offers a primary suite with generous sitting area and spacious bathroom. Upstairs, find two bedrooms, a full bath, and extra space for an office or craft room. The large walkout basement with glass doors is totally versatile. Plus, a whole house generator offers peace of mind in any circumstance.
Located in the esteemed Blue-Ribbon Broadneck School district and a short distance from the vibrant pulse of downtown Annapolis and Severna Park. Enjoy the perks of a pool bond at Chase Creek swim club or explore the nearby 13-mile B&A Trail, connecting Baltimore and Annapolis. With easy access to major routes like Route 50, this residence conveniently connects you to Baltimore, BWI, Ft. Meade/NSA, and Washington, DC, making it more than just a home-it's your gateway to the best within a 30-mile radius. Premier location, style and a boat slip on the Severn!-this one has it all!
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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%.
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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 Arnold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017