234 LAKE COVENTRY DRIVE
About This Property
All bathrooms have been tastefully remodeled with luxury plank flooring. The walk-out lower level boasts an extra bedroom and a spacious recreation room, perfect for entertaining or extra living space.
Gambrill and Baker parks are close by offering walking/hiking and biking trails, tennis courts, playgrounds and pool. Only about 10 minutes from downtown Frederick which offers a variety of restaurants, breweries and shopping.
Don't miss this move-in ready gem in a peaceful lakefront setting.
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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 |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| May 5, 2025 | In contract | - | |
| In contract | |||
| Apr 27, 2025 | Listed by Century 21 Redwood Realty | $500,000 | |
| Listed by Century 21 Redwood Realty | |||
| Feb 27, 2023 | Sold | ||
| Sold | |||
| Jan 20, 2023 | Listed by Century 21 Redwood Realty | $449,900 | |
| Listed by Century 21 Redwood Realty | |||
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About Coventry
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$2,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017