3703 HARMON AVE
About This Property
The cozy living area flows seamlessly into the dining space, making it perfect for everyday living. Outside, the backyard provides room for relaxation or outdoor activities. The heating/air unit was replaced in 2019 and the tub is Jacuzzi installed in 2019.
Conveniently located within walking distance to local amenities like Walmart, Aldi, and the Metro station, this home offers easy access to Routes 50, 202, 295, and BWI Airport for excellent connectivity to the wider region.
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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