15 LOCUST DRIVE
About This Property
Welcome to this charming and updated Colonial with a detached one-car garage and ultimate walkability. Just steps to historic downtown Catonsville with its shops, restaurants, and local events. Freshly painted in neutral tones and filled with natural light, this move-in ready home offers comfort and style throughout. The well-equipped kitchen features gas cooking, double oven, replaced stainless steel appliances, updated cabinetry, a built-in microwave, and a convenient exit to the expansive backyard for easy outdoor dining. Perfect for relaxation, the yard includes a large paver patio, privacy fencing, and a shed for extra storage, gardening equipment and bikes. Walk through the updated front storm door, and enter the spacious living room, highlighted by a brick surround wood burning fireplace with mantel, hardwood floors, and elegant moldings. The formal dining room with hardwoods boasts a new modern light fixture and opens directly to the kitchen for seamless hosting. Upstairs, you'll find three bedrooms with hardwood floors that flow throughout. The primary bedroom impresses with a vaulted ceiling, two closets, and a ceiling fan with lights. The updated full bath includes a new pedestal sink and toilet, new lighting, tub / shower combo, and linen closet. The freshly painted lower level offers additional living space with a recreation room, half bath, and laundry area with utility sink, all with brand-new gorgeous LVP flooring. Recent updates include: new front (Anderson) and back (Emco) storm doors (2023), hot water heater (2020), roof (2017), and gutters (2017). This lovely home has it all - neighborhood sidewalks, parking for up to four cars, and an unbeatable location next to shopping, dining, farmers' markets, live music, hiking at Patapsco State Park, and community staples like the refurbished library and post office. Best of all, you can enjoy breathtaking sunrises and sunsets right from the comfort of your home. Convenient to Ellicott City, downtown Baltimore, UMBC, CCBC, commuter routes, BWI, and MARC. You don't want to miss this one!
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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