735 EVERGREEN ROAD
About This Property
Step outside to your own backyard oasis featuring an inground saltwater pool, fully fenced yard, spacious deck, patio, and updated landscaping-an inviting setting for outdoor gatherings, summer days by the pool, or simply relaxing at home.
The newly finished basement provides even more living space with a large recreation room, two versatile flex rooms, a full bathroom, and convenient walk-up access to the backyard.
Recent improvements include the finished basement, new windows, new garage doors, HVAC unit, patio, pool rail and pool cover, and an updated saltwater system for the pool. Additional updates include a tankless water heater, refrigerator, dishwasher, and garbage disposal.
Enjoy an exceptionally convenient location close to shopping, dining, and everyday necessities, including nearby Quarterfield Crossing and Arundel Mills. Commuters will appreciate easy access to I-97, MD-100, MD-32, I-295/Baltimore-Washington Parkway, and I-95, along with proximity to Fort Meade, NSA, BWI Airport, Baltimore, Annapolis, Washington, D.C., and NASA Goddard Space Flight Center. A wonderful combination of space, updates, outdoor living, and convenience!
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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%.
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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.
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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