1505 RIVERDALE DRIVE
About This Property
Inside, the spacious family room is anchored by a classic brick-front fireplace, setting a warm and welcoming tone throughout. The open layout flows seamlessly from the living room into the dining area and sitting room, making it ideal for everyday living and entertaining alike. The kitchen features stainless steel appliances, granite countertops, and gas cooking. Three generous bedrooms, including the owner's suite, are all conveniently located on the main level. The lower level offers the perfect flex space, whether you need a family room, home office, or den, complete with a full bath, laundry room, and direct entry into the garage. Head outside to enjoy a private patio with a fire pit, the perfect spot for unwinding under the stars, and a dedicated woodworking shed ready for your next project. The community amenities include a private beach on the spectacular Severn River with a pavilion, a pier ideal for fishing and crabbing, kayak and paddle board storage, a neighborhood pool and swim club, a dog-friendly beach, and a playground. All of this just minutes from major commuter routes 50 & 97 and close to downtown Annapolis, by car or by boat.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by TTR Sotheby's International Realty | $680,000 | |
| Listed by TTR Sotheby's International Realty | |||
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About Arnold
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017