4740 W Covered Wagon Trail
About This Property
Ideally located close to all the incredible outdoor activities the White Mountains are known for, you'll enjoy easy access to hiking, biking, golfing, skiing, and fishing. Fool Hollow Lake Recreation Area is just minutes away, offering endless opportunities for boating, kayaking, and peaceful lakeside afternoons.
Inside, the inviting open floor plan is highlighted by warm T&G wood ceilings and comfortable mountain charm throughout. The spacious primary suite features dual sinks and dual closets, creating a relaxing private retreat. Two additional guest bedrooms provide plenty of room for family and friends. Fresh exterior paint completed in April 2026 gives the home a crisp, updated feel.
Step outside and unwind on the back deck with your favorite book or morning coffee while enjoying the cool mountain air. The fully fenced backyard is perfect for your furry friends, and the attached two-car garage offers added convenience and storage.
Escape the desert heat and discover cool mountain summers, mild winters, and the relaxed lifestyle you've been dreaming about. Whether you're searching for a full-time residence, summer getaway, or investment opportunity, this beautiful cabin checks all the boxes!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jun 26, 2026 | Price Decreased |
$550,000
↓ $14K
(2.5%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Decreased |
$564,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Jun 9, 2026 | Relisted | $579,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017