502 Covington Green Lane
About This Property
Welcome home to this beautiful trilevel townhome in the Covington Green development. Just recently renovated and freshly re-painted. Solid hardwood floors, wood burning fireplace, two large bedrooms with three bathrooms and a large finished basement. Over 1700 sqft of living space with access to 684, shopping, sailing, boating, lakes, biking, and train station. Conveniently located to all while still providing a tranquil space and complex. Two assigned parking spaces as well as a community pool. Also allows the flexibility of renting if you decide to move out and hold onto this property as an investment. This property is a must see. Schedule your private tour today.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017