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20 COVINGTON LANE
About This Property
Before you scroll past this one, take a moment to watch the video and imagine yourself here. Tucked along the serene backdrop of Long Creek Nature Preserve, this beautifully updated home offers a rare opportunity to enjoy privacy, nature, and peace of mind in one of Palm Coast's most desirable waterfront settings.
The major investments have already been made for you. The roof, saltwater pool, both Carrier HVAC systems, both water heaters, and GE Cafe appliances are all new, allowing you to focus on enjoying your home rather than maintaining it. Whole home generator with underground propoane tank. Soak in the 7 foot tub in your primary bedroom.
Inside, nearly 3,000 square feet of thoughtfully designed living space features soaring ceilings, updated finishes with enormous electric fireplace, multiple gathering areas, and stunning views of the preserve beyond. Step outside to your private backyard retreat, where the saltwater pool and outdoor entertaining space create the perfect setting for quiet mornings, family gatherings, or evenings under the stars.
Homes with this combination of updates, space, and direct access to the natural beauty of Long Creek Preserve rarely become available. All that's left to bring is your toothbrush and your vision for the next chapter.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017