234 ARUNDEL ROAD
About This Property
Welcome to this beautifully remodeled ranch-style home located in the sought-after, water-privileged community of Riviera Beach. Featuring an inviting open-concept layout, this spacious home offers 4 bedrooms and 2 full baths, including a fully finished lower level-perfect for guests, in-laws, or additional living space.
The gourmet kitchen is a chef's dream, showcasing elegant white cabinetry, granite countertops, and stainless steel appliances. The open flow connects the kitchen to the dining and living areas, making it ideal for entertaining and everyday living. The main level includes three bedrooms and a full bath, while the lower level boasts a spacious fourth bedroom and second full bath, offering privacy and flexibility.
Surrounded by Stoney Creek, the Patapsco River, and Rock Creek, Riviera Beach is a vibrant, water-oriented community full of amenities. Enjoy access to a sandy beach, scenic walking paths, a community park, and more-all within walking distance. The neighborhood also features an elementary school, two churches, and a grocery store. Just on the outskirts of the community, McDonald's and Dunkin' Donuts are waiting to welcome you to the neighborhood, offering even more convenience just minutes away.
Don't miss this opportunity to own a move-in ready home in one of the area's most desirable waterfront 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 Riviera Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017