2085 Covington Avenue
About This Property
The inviting layout features vaulted ceilings that flood the living spaces with natural light, a convenient lower-level bedroom, and stylish upgrades, including modern flooring throughout. The master bath was recently renovated and adds a fresh modern feel.
The spacious kitchen boasts a breakfast bar, dining area, perfect for hosting family meals. Enjoy year-round comfort with dual-pane windows, central air and heating. The backyard is private and low maintenance, with a covered patio, no rear neighbors, with views of the community park and greenbelt. Additionally, a large front patio or car port and an attached garage.
The HOA maintains the roof, and it was replaced recently.
This pet-friendly neighborhood is perfect for outdoor enthusiasts. Don't miss the opportunity to call this charming property home!
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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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Nov 15, 2024 | Listed by Keller Williams Realty Calabasas | $729,000 | |
| Listed by Keller Williams Realty Calabasas | |||
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About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017