2338 Covington AVENUE
About This Property
If you're ready to indulge in the relaxing tropical, Florida lifestyle this is the home for YOU! This home is lovingly cared for and full of great spaces for entertaining. The pool & jacuzzi out back are screened in with lots of room, and there is even enough space for an outside bar. The privacy fenced backyard has plenty of room for horseshoes or cornhole. A raised garden bed & pineapple plants are already established. The inside has so much room that the current owners had a pool table indoors! The kitchen island has an extra sink for easy prep and clean up. I love that the kitchen counter/bar overlooks the living area so that everyone is always included. The Huge master bedroom has a luxurious tub, and his and hers walk-in closets. Separate entrance to the pool near the other bathroom and bedrooms. All of the archways throughout this home give it a special custom touch. Close to parks, convenient to all of the fun stuff in Weeki Wachee, way too much to list...come take a look for yourself! NEW ROOF!!This home had a settlement issue that was completely fixed in 2012, it is completely insurable. . Homeowner's last Insurance quote was less than $1000 annually! Kitchen refrigerator, washer & dryer do not convey. Sellers will bring in fridge from garage for new homeowner.
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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 |
|---|---|---|---|
| Jun 7, 2021 | Sold | ||
| Sold | |||
| May 1, 2021 | Listed by RUSSELL ADAMS REALTY INC | $269,900 | |
| Listed by RUSSELL ADAMS REALTY INC | |||
| Apr 22, 2019 | Sold | ||
| Sold | |||
| Mar 14, 2019 | No longer available | - | |
| No longer available | |||
| Mar 8, 2019 | Listed by RUSSELL ADAMS REALTY INC | $214,900 | |
| Listed by RUSSELL ADAMS REALTY INC | |||
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About Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017