29 NORMAL TERRACE
About This Property
The entry level features hardwood floors, a bright living area that flows into an open dining room and kitchen, complete with stainless steel appliances, generous cabinet storage, and a large pantry. The main floor also includes the primary bedroom, an additional bedroom, and a full bathroom beautifully updated in 2023.
Upstairs, you'll find four additional bedrooms and a full bath with a tub/shower. The layout provides endless options for bedrooms, playrooms, office space, or hobby rooms.
Outdoor living is easy with a large covered deck, fully fenced backyard, plus an open side yard.
Additional features include a dual-zone HVAC system, new French drain and 2 sump pumps, and a brand-new hot water heater (2025).
Street backs to Burkleigh Square Park, walkable to Radebaugh Park, and conveniently located near Towson University, shopping, dining, and commuter routes, this home offers both space and versatility in a fantastic location!
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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