7718 TRAPPE ROAD
About This Property
Exciting opportunity to own a three-bedroom detached home located on a quiet street of well-kept homes located in the Dundalk area of Baltimore County. Built in 1950, this home features a main level with a living room, eat-in kitchen, two bedrooms, and a full bath. The upper level offers a spacious bedroom area that could potentially be divided to create an additional bedroom. The unfinished basement provides excellent potential for future finishing and appears to have been previously waterproofed. The HVAC system and hot water heater appear to be in good condition. Additional features include off-street parking, a large fenced rear yard, and a deck-perfect for outdoor enjoyment. Property is being sold as-is and is owned by the U.S. Department of Veterans Affairs. Buyer to pay all transfer and recordation taxes as seller is exempt.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017