2 E HIGHFIELD ROAD
About This Property
Upstairs, the second level has two bedrooms that share a hall bath and a spacious primary bedroom with an en-suite bath. The third level boasts two more bedrooms and an updated full bath. The basement features an impressive 35' x 15' open, unfinished area with excellent potential for future finishing as additional living space, along with laundry and a half bath. Outside, the property is equally special. Gorgeous landscaping encircles the entire house, with a magnificent evergreen Magnolia tree anchoring the front yard. A stone patio and pergola at the rear creates the perfect private outdoor space to enjoy the tranquility of the surrounding garden. A two-car attached garage with high ceilings creates further potential for expansion to maximize the space.
Ideally located within walking distance of Sherwood Gardens, Union Memorial Hospital, Johns Hopkins University, Loyola University, and Notre Dame of Maryland University, this home offers classic charm, abundant space, and an exceptional opportunity to live in one of Baltimore's most sought-after neighborhoods. Seller is motivated. One-year home warranty included.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017