1848 Covered Bridge Pkwy
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Jul 29, 2025 | Listed by NextHome Foundations | $725,000 | |
| Listed by NextHome Foundations | |||
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Welcome to this stunning ranch-style home in the highly sought-after Raindance community, ideally situated on a spacious corner lot with a desirable southern exposure. This move-in-ready gem showcases elegance and upgrades throughout. Step inside to find luxury vinyl flooring, 42-inch cabinetry, quartz countertops, and a gourmet kitchen featuring a walk-in pantry, gas cooktop, double oven, and coffee bar. The open-concept living room is enhanced by a cozy gas fireplace with custom built-in cabinets and floating shelves-a rare upgrade.The primary suite is a true retreat with a spa-inspired 5-piece bathroom and walk-in closet. The finished basement boasts rare 9-foot ceilings, a sprawling family/rec room perfect for game days or movie nights, a full wet bar, and two large guest bedrooms, making it ideal for entertaining or hosting. The beautifully landscaped backyard is an oasis, complete with a deck, gas BBQ line, fully fenced yard, and mountain views-perfect for relaxing evenings.Enjoy all Raindance has to offer-golf cart-friendly living, access to Raindance National and Pelican Lakes Golf Courses, community restaurants, coffee shop, parks, pickleball courts, and a unique farm-to-table experience with seasonal produce like corn and pumpkins grown right in the neighborhood.This is more than just a home-it's a lifestyle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017