5144 TERRACE DR
About This Property
This bright and open towntome offers three fully finished levels complete with 3 bedrooms and 1.5 bathrooms. The first floor features a large and bright living room, separate dining room, gorgeous kitchen and a bonus laundry room. Newly carpeted stairs lead to the upper-level with 3 bedrooms and a full bathroom with a shower/tub combo and a large linen closet for all your storage needs! The lower level is fully finished with new flooring, new paint, recessed lighting, and lots of natural light. The area features a renovated ½ bath, a new laundry sink, storage and more.Check out some of the latest improvements to the property! Interior paint (2024), new flooring ( 2024), recessed lighting ( 2024), carpet on stairs (2024), complete front porch refresh (2021), quartz counters (2024), new clothes washer (2024), new stove (2021), new service line/meter BGE (2021), 6 ft vinyl privacy fence (2020), complete cower level renovation, including powder room update (2024), fridge (2024), dishwasher (2024), clothes dryer (2024), basement fully waterproofed (2014), all new windows (2009), new roof (2009). The home features a convenient private driveway with direct access to the backyard with plentiful street parking for guests. The large shed offers more than enough storage for all outdoor toys/tools! Located just moments away from lush Linover Park, 695/95, Towson University, with many shopping and dining opportunities minutes away.
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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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About Overlea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017