8700 GERST AVE
About This Property
***Dog on site-do not come outside of your showing window and cancel appointment if you will not be able to make it please***
Come take a tour of this gorgeous 4 bedroom 2 bath rancher on a large 3/4 acre corner lot in Perry Hall! This home has been beautifully updated over the years and is ready for its new owner! The location is extremely convenient as you are minutes away from restaurants, shopping, and major highways...yet has the serenity of the country with its expansive yard, gardens, and custom paver patio and firepit. There are 3 bedrooms on the main level and one full bath, an additional bedroom or office in the basement with large windows and a full bath as well as an oversized 2 car attached garage perfect for storage, workshop, AND safe parking. The basement is also a walk out, which would be great for a roommate, in law, or additional rental income because of the separate entrance and full bath/bedroom! Custom wet bar, large table, and entertainment area would also be great for gatherings with friends and family. Come see this home and make it yours!
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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 White Marsh
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017