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2622 Covington Drive
About This Property
Designed for both relaxation and recreation, residents will enjoy access to community swimming and wading pools, a playground, and a sand volleyball court, offering a variety of outdoor activities close to home. A private pool further enhances the outdoor living experience, creating a space for relaxation and enjoyment.
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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 21, 2026 | Relisted | $362,500 | |
| Relisted | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Dave Perry Miller Real Estate | $362,500 | |
| Listed by Dave Perry Miller Real Estate | |||
| Dec 12, 2023 | Sold | ||
| Sold | |||
| Oct 4, 2023 | Listed by EXP REALTY | $425,000 | |
| Listed by EXP REALTY | |||
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A beautifully crafted home updated with fresh paint and laminate wood floors. Kitchen features ceramic tile with granite countertops, including island. Stainless steel appliances and a lovely bay window overlooking the pool. A very open floor plan with tall ceilings and large entry opening to spacious formal living and dining room. Backyard is perfect for entertaining with sparkling pool, wood deck and pergola. Walking distance to elementary school.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017