58 GLEN BURNIE
About This Property
Passing through the formal dining room, you'll find a large window offering backyard views before entering the eat-in kitchen, which features granite countertops, stainless steel appliances, a center island, a breakfast nook, and a double-door pantry. The adjacent family room boasts vaulted ceilings, a wood-burning fireplace, and slider access to the screened-in patio. A half bath and access to the two-car garage complete the main level.
Upstairs, the primary suite has double doors, dual closets, and an updated ensuite. Down the hallway are two secondary bedrooms and an updated full bath. The finished basement on the lower level offers a bonus living space, a potential office/guest room, and an exercise zone, with additional unfinished space for storage.
The outdoor space includes a large screened-in patio area with vaulted ceilings, privacy curtains, and a doggy door for four-legged friends. The backyard's crown jewel is the inground heated swimming pool, surrounded by lush landscaping and mature trees for privacy.
Tucked away in a picturesque neighborhood, you are just 30 minutes from Philadelphia and 40 minutes from the Jersey Shore, making it perfectly located for escaping city life while maintaining quick access to the beach. Tons of shopping and modern amenities are just minutes away, offering easy, convenient, and greater living every day.
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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 12, 2024 | Sold | ||
| Sold | |||
| Aug 6, 2024 | In contract | - | |
| In contract | |||
| Jul 25, 2024 | Listed by Compass New Jersey, LLC - Moorestown | $425,000 | |
| Listed by Compass New Jersey, LLC - Moorestown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017