1815 FREDERICK ROAD
About This Property
Inside, fresh neutral paint brightens the main level. The kitchen has freshly painted cabinets with modern hardware, a new oversized undermount sink & faucet, and quartz countertops that were just installed. The living and dining rooms, filled with natural light, had the hardwood floors refinished this year.
Upstairs, you'll find three spacious bedrooms and an updated full hall bath. Each bedroom offers refinished hardwood floors and fresh paint. The bathroom has a newly updated low-maintenance shower surround and tub combination. The unfinished basement is ready for your vision, while the detached garage offers plenty of room for a home office or studio. Outside, you'll love the lush gardens that attract hummingbirds. A drip irrigation system keeps them vibrant year-round with minimal effort. The 6' privacy fence encloses the backyard, and the front yard includes a dig barrier for added pet safety. The deck has brand new deck boards installed this year. Only minutes from Benjamin Banneker Park, Five Oaks Swim Club, and Main Street in both Catonsville and Ellicott City!
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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