1884 CEDAR DR
About This Property
1884 Cedar Drive, located in Severn, Maryland, is a cozy cape cod ready for your finishing touches. Perfect for an investor looking to fix and flip, buy and hold, or just a handy homeowner that wants to take advantage of this beautiful location and make the home their own. The home boasts 3 bedrooms and 1 bath with back deck and partially finished back yard.
Offers will be accepted through Friday, May 3, 2024, at 2:00 pm.
AT SELLER'S DISCRETION, AN OFFER MAY BE ACCEPTED AT ANY TIME.
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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 Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017