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1602 LORIMER ROAD
About This Property
The main level features a bright, inviting living room filled with natural light that flows seamlessly into a functional kitchen and dining area, complete with stainless steel appliances, perfect for both everyday living and entertaining. The thoughtfully designed layout offers comfortably sized bedrooms and a warm, welcoming feel throughout. Recent updates enhance the home's appeal while still allowing room to make it your own. Outside, you'll find a spacious, level yard with a large fenced backyard, ideal for outdoor gatherings, gardening, or simply relaxing in your own private space. With its blend of comfort, updates, and outdoor space, this home is ready to be enjoyed. Location is everything! You are perfectly positioned for an easy commute with quick access to I-97, Route 100, and I-695. Enjoy being just minutes away from BWI Airport, local shopping centers, and diverse dining options.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$324,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$329,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
| May 18, 2026 | Relisted | $339,900 | |
| Relisted | |||
Property Highlights
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About Glen Burnie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017