1402 W OLD COLD SPRING LANE
About This Property
On the main level, you'll love the large living room, separate dining room and new kitchen with stainless steel appliances and granite counters. Enjoy sunny mornings and cool summer evenings on the multiple decks accessible from the kitchen and dining rooms. You will never have to worry about storage, as an unfinished basement offers ample opportunity for hobbies, a workshop or to be finished as another living space. From the basement you can walk-out to the large fenced rear yard with so much future potential. There's even a side entrance parking pad to accommodate your vehicle.
The list of recent updates in the last two years is extensive, including luxury vinyl plank flooring, replaced electrical and plumbing, a new roof (estimated 2023), all new bathrooms and kitchen, and an updated 2-zone HVAC system designed to keep all levels of the home cool in the hot summer months. In fact, the water line connecting the home to the City line has just been replaced.
With its classic neutral palette, modern fixtures, storage, and extremely versatile layout, this home is a canvas ready for you to move right in. The location is A+, as you are just minutes from Hampden's quirky shops and amazing food scene. Bonus! You can walk to Medfield Elementary, the Baltimore Polytechnic Institute, the Light Rail and enjoy easy commuting access to Falls Road and I-83 for points North and South.
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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 Northern Baltimore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017