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18741 Covello Street
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 24, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
| | |||
|
Welcome to 18741 Covello Ave; an updated 3-bedroom, 1-bathroom home on a spacious corner lot in a lovely neighborhood in Reseda. Inside, enjoy a bright, airy layout with newer windows, floors, an updated kitchen and bathroom. The sunlit living areas are perfect for relaxing or entertaining. The large backyard offers room for a pool, play area, garden and plenty of space to build an ADU for rental income or extended family. Additional features include a newer roof. Located in a friendly neighborhood close to parks, schools, and shops, this home blends comfort, potential, and charm in an ideal location.
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| Jun 6, 2025 | Price Decreased |
$825,000
↓ $24K
(2.8%) | |
| Price Decreased | |||
| May 29, 2025 | Listed | $849,000 | |
| Listed | |||
| | |||
|
Welcome to 18741 Covello Ave; an updated 3-bedroom, 1-bathroom home on a spacious corner lot in a lovely neighborhood in Reseda. Inside, enjoy a bright, airy layout with newer windows, floors, an updated kitchen and bathroom. The sunlit living areas are perfect for relaxing or entertaining. The large backyard offers room for a pool, play area, garden and plenty of space to build an ADU for rental income or extended family. Additional features include a newer roof. Located in a friendly neighborhood close to parks, schools, and shops, this home blends comfort, potential, and charm in an ideal location.
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Property Highlights
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017