924 CROMWELL BRIDGE ROAD
About This Property
A wood-floored hallway affording privacy leads to the sleeping quarters, featuring a large Primary Bedroom with generous closets and built-ins, a Dressing area and an updated ensuite Bath with a stall shower. Two additional well-proportioned bedrooms with ample closet space and a centrally located, updated Hall bath with a tub-shower and designer vanity complete the bedroom wing. All bedrooms have new neutral wall to wall carpet. Downstairs is large Playroom/Clubroom providing additional finished living space. A separate laundry and utility/storage area round out this level. A natural gas boiler provides hot-water baseboard heating ensuring the home remains cozy in winter and central air conditioning will keep you cool in the summer. 200 AMP electrical service. A prime location, convenient to the Beltway, and just minutes from all the amenities, shopping, and restaurants that Towson offers, this turn-key, move-in ready home awaits you!
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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%.
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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