2633 Covington Rd
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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%.
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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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | Listed by CA-RES | $1,250,000 | |
| Listed by CA-RES | |||
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Fully renovated property featuring a 3-bedroom, 2-bathroom main house and a 1-bedroom, 1-bathroom detached ADU. The property will be delivered with permits for the ADU, which is currently rented for $2,200 per month, with a market rent potential of $2,500. Both units offer individual laundry, their own brand-new tankless water heaters, and recent upgrades including new roofs, A/C systems, heaters, and appliances. The property boasts 4 parking spaces and ample backyard and patio space for both units—an incredibly rare find in this neighborhood. Both units can be delivered vacant at closing, or the buyer can choose to take over the current lease for the ADU at $2,200 per month. Situated on a charming cul-de-sac, this property offers a peaceful retreat while being just a short drive from the vibrant hubs of South Park and North Park. A fantastic investment opportunity or ideal for multi-generational living!
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| Apr 5, 2017 | Sold | ||
| Sold | |||
| Feb 16, 2017 | Listed by Axia Real Estate Group, Inc | $585,000 | |
| Listed by Axia Real Estate Group, Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017