304 OLD LINE AVE
About This Property
Also, take in the hardwood floors throughout the entire main level as you make your way to the 14x16 primary bedroom that was also added by the owners and can be accessed from the kitchen. The primary bedroom has plenty of room for your furniture and accessories.
Another upgrade to the property includes the electrical panel which was upgraded to 200 amps. Feel comfortable and confident with enough power for all of your home needs.
Entertain and/or garden outside with a fenced-in yard. The area is large enough to do both. Relax, read or unwind on the 12 x 20 rear deck that was also added to the property to enhance its charm and appeal. If you do like to garden, you're in luck! You're getting a headstart for spring because several plants and flowers are just waiting for the warm weather to return and reveal their beauty once more, including gooseberries, grapes, raspberries, nectarines, and blueberries. Additional storage is available in the shed out back.
Surrounding the home's exterior is a retaining wall that was added to help preserve the landscape. All interior and exterior work was permitted per the Anne Arundel County Inspection and Permit services.
In addition to the driveway, there is plenty of off-street parking and the home is a prime location with convenient access to BWI, DC, Ft. Meade, NSA, Annapolis, Baltimore, shopping, food and entertainment and a lot more.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017