55
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524 MORNINGSIDE DRIVE
About This Property
Located directly across from the Baltimore & Annapolis (B&A) Trail with 2 access points. 1 mile from the University of Maryland Baltimore-Washington Medical Center and St. Paul's Lutheran School. 10 miles from Ft. Meade/NSA and BWI Airport. Charming restaurants and stores within 3 miles, to include Target, Walmart, Outback, JC Penney, Gold's Gym, Walgreens, etc. Baltimore, Annapolis, and Washington, D.C., easily reachable with estimated driving time to Baltimore or Annapolis 20-30 minutes, 45 minutes to D.C.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2023 | Sold | ||
| Sold | |||
| Aug 13, 2023 | In contract | - | |
| In contract | |||
| Aug 6, 2023 | Relisted | $349,900 | |
| Relisted | |||
| Jul 21, 2023 | In contract | - | |
| In contract | |||
| Jul 12, 2023 | Listed by Keller Williams Realty Centre | $349,900 | |
| Listed by Keller Williams Realty Centre | |||
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About Glen Burnie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017