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Map
1002 COVINGTON WAY
About This Property
1002 Covington Way offers easy access to Annapolis, as well as Routes 50 and 97, for a smooth commute to Washington, DC, or Baltimore. Enjoy dining, shopping, and boating in Annapolis, with additional access to marinas on the Severn River and South River. Welcome home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Listed by Compass | $1,350,000 | |
| Listed by Compass | |||
| Mar 18, 2025 | Listed by Yaffe Real Estate | $1,400,000 | |
| Listed by Yaffe Real Estate | |||
| | |||
|
Court appointed Trustee sale, please contact agent for additional information. Professional photos coming soon!
| |||
| Aug 27, 2010 | Sold | ||
| Sold | |||
| Oct 19, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017