506 DEVONSHIRE LANE
About This Property
A classic, full-width front porch welcomes you into this 4-bedroom home. Inside, hardwood floors run throughout, while beautifully upgraded kitchen and baths bring a fresh, modern touch. The sun-drenched addition provides the ideal spot to relax, and the breakfast room centers around a wood-burning fireplace with a custom-crafted wood mantle - perfect for casual morning gatherings.
The finished basement offers flexible space for a media room, gym, or play area, while the 2-car garage ensures plenty of parking and storage.
Step outside to your private backyard retreat: a screened porch opens to a brick patio that overlooks lush landscaping, curated hardscaping, and winding garden paths - creating multiple serene outdoor living spaces, perfect for entertaining or simply unwinding in nature.
With timeless colonial charm, thoughtful updates, and an unbeatable location, this home in Chartwell is just waiting to be called 'yours!'
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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 Severna Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017