1222 LOCUST AVENUE
About This Property
Move-in ready! This charming 3-bedroom, 2 full bath home features a beautiful kitchen with ceiling height shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and a spacious dining area. This home also offers a welcoming living room with a fireplace and a family room addition along with an updated full bathroom and laundry area on the main level. The addition could also potentially be a 4th bedroom or an office/den. Step outside to enjoy the beautiful fenced in back yard along with two additional storage sheds and an extra-large OVERSIZED garage with electric and loft space- a rare find!
Major updates include a new house roof (Dec. 2025), garage roof (2020), exterior siding on house and garage (2020), furnace (2020), A/C (2020), hot water heater (2020), sump pump (2020), new electrical (2020).
Conveniently located to shopping, restaurants, state park, and major commuter routes - just minutes to the MARC train, BWI, downtown Baltimore, Old Ellicott City, and walking distance to UMBC. The perfect blend of modern updates, space, and location!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017