1600 Covington Meadows Circle
About This Property
Welcome to this charming move-in-ready home featuring 3 spacious bedrooms, 2 full bathrooms, and a 2-car garage located in the highly desirable Parkwood community. Situated on an oversized fenced lot along a peaceful canal, this property offers privacy and plenty of outdoor space to enjoy. Step inside to find a freshly painted interior, updated stainless steel kitchen appliances, and a bright open layout with a comfortable living room and dining area. The home also includes an enclosed Florida room, perfect for additional living space, a home office, or a playroom.
Additional highlights include:
City water & city sewer
Storage shed in the backyard
Oversized fenced yard on a canal for added privacy
Centrally located near shopping, schools & public transportation
This property combines convenience, comfort, and privacy-ideal for families, first-time buyers, or investors. Don't miss this opportunity!
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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 Alabama
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$1,900 /mo
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$1,900 /mo
- 3 Beds
- 2 Baths
- 1,222 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017