524 CHARINGTON DRIVE
About This Property
Enjoy the convenience of a 1-car garage and a spacious 4-car driveway, perfect for guests and everyday parking. The kitchen is equipped with new appliances (approximately 2 years old), and the kitchen flooring was replaced in 2026. Major systems have been updated as well, with a new HVAC unit installed about 4 years ago.
The finished lower level provides a great flex space-perfect for a rec room, home office, gym, or guest area. Located in sought-after Severna Park, this home offers both functionality and future potential. More details coming soon-stay tuned!
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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