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3727 EVERGREEN AVENUE
About This Property
Recent updates include a sump pump (2024), grounded main electric (2022), updated gas line valve (2022) and new front gutters and downspouts (2026). The flat roof was tarred in 2022 and the sunroom roof was replaced in 2025. The home also features fresh exterior paint, new curtain rods (2025), and upper-level bathroom updates (2024). The outdoor space has been improved with a freshly stained deck (2026) and removal of multiple trees and an old shed, creating a more open and usable backyard. One of the standout features is the rear parking pad with space for two vehicles, a rare and highly desirable bonus.
Conveniently located in Baltimore, this home is a great opportunity for buyers looking for value, updates, and off-street parking.
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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%.
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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