620 LEE WAY
About This Property
The main level begins with a bright and inviting living room, complete with a wood-burning fireplace that serves as a cozy centerpiece. Just beyond, the kitchen features sleek stainless steel appliances and ample cabinetry, providing both style and practicality. Large windows fill the adjoining dining area with natural light, creating a warm and welcoming space. 3 bedrooms give ample living space for the family and guests. A full bath on this level adds everyday convenience.
The fully finished lower level offers a spacious, open family room with endless possibilities for entertaining, relaxing, or creating a game or media space. In addition to the main-level bedrooms, the lower level includes a versatile den that can serve as a separate living area, home office, or guest space. This level also features a large full bathroom with a walk-in shower, a dedicated laundry room with additional storage, and a walk-out sliding glass door leading to the backyard.
Out back, you'll find a large, partially fenced yard-perfect for kids and pets-along with a patio ideal for relaxing, grilling, or entertaining.
Enjoy all that the Bel Air area has to offer, including nearby shopping and dining at Harford Mall and along the vibrant Main Street district. Outdoor enthusiasts will appreciate the proximity to Rockfield Park and the Ma & Pa Trail, perfect for walking, biking, and enjoying nature. Convenient access to Route 24 (Maryland) and U.S. Route 1 makes commuting a breeze, while local shops, restaurants, and community events add to the charm of this highly sought-after location.
Don't miss this opportunity to make this Bel Air gem your own!
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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 Bel Air
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017