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52 SUNSET DRIVE
About This Property
The living room features oversized windows and a cozy brick fireplace. The heart of the home is the kitchen, dining, and family room combination with plenty of space for everyday living and entertaining.
The primary suite is set in its own wing of the home with private en suite, while the additional bedrooms and bath are located on the opposite side. The lower walk-out lower level offers the perfect everyday entry with a drop zone and lockers for kids, an additional family room, and a guest suite.
Outside, enjoy the large composite deck overlooking the flat fully fenced backyard with two sheds and a gate providing direct access to Folger McKinsey Elementary School.
Cape Arthur residents enjoy a beach on the Magothy River with white sand, separate swimming area with diving board, pier with boat slips, boat ramp, kayak and paddleboard launch, additional marina, and a large community park with pickleball and tennis courts, basketball courts, sports fields, and playgrounds. An incredible opportunity to enjoy the waterfront lifestyle in Severna Park.
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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