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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 |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Price Decreased |
$765,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Mar 3, 2025 | Listed | $775,000 | |
| Listed | |||
| | |||
|
Welcome to 1863 Covered Bridge Parkway, a magnificent 5-bedroom, 4-bathroom home with a 4-car garage, located in the heart of Windsor's sought-after Raindance community. This residence offers the perfect blend of luxury living and resort-style amenities. Step inside to find a beautifully designed open floor plan with spacious living areas and individual primary closets perfect for relaxation and entertaining. Equipped with 4,093 square feet, there is plenty of room to fulfill your needs! Don't miss the 2 AC and furnace systems included as well. The backyard is a low-maintenance oasis, featuring xeriscape landscaping with turf that's easy to care for and ideal for those who appreciate eco-friendly living. Plus, enjoy stunning mountain views from your spacious front porch, offering a serene backdrop for your everyday life. Raindance is more than just a neighborhood-it's a lifestyle. The community boasts miles of walking and biking trails, expansive parks, and charming orchards, cornfields, and pumpkin patches that create a picturesque setting year-round. In the summer, cool off at the Raindance Resort Pool, a centerpiece of the community, and take advantage of the nearby Raindance National Golf Course, where you can enjoy premier golfing just minutes from your front door. For winter fun, Hoe Down Hill offers sledding and even skiing, while dining options like The Grainhouse Windsor and Ted's Sweetwater Grill and Taphouse provide delicious local fare without leaving the neighborhood. Residents of Raindance also have access to Water Valley's amenities, including its orchards, beaches, and the W Club gym (membership required). This home is perfectly positioned in a tranquil "eyebrow" street, offering a peaceful setting while still being close to the new Orchard Hill Elementary School, which just opened this year. Don't miss your chance to own a piece of this exceptional community-schedule your showing today and experience the Raindance lifestyle for yourself!
| |||
| Nov 15, 2024 | Price Decreased |
$785,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017