1
Map
6701 Covered Bridge DR #40
About This Property
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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 |
|---|---|---|---|
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Delisted | - | |
| Delisted | |||
| Jan 15, 2026 | Listed by Keller Williams Realty | $410,000 | |
| Listed by Keller Williams Realty | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Nov 20, 2025 | Price Decreased |
$410,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/22/2025
|
3 Bed
|
2 Bath
|
1848 ft²
|
$419,900
3 Bed
2 Bath
1848 ft²
|
-
-
|
Patrick Birdsong
Keller Williams - Austin SW
| |
|
11/16/2024
|
3 Bed
|
2 Bath
|
1966 ft²
|
$458,000
3 Bed
2 Bath
1966 ft²
|
-
-
|
Kristen Ribera
My Texas Home Broker
| |
|
10/24/2024
|
3 Bed
|
2 Bath
|
1848 ft²
|
$435,000
3 Bed
2 Bath
1848 ft²
|
$435,000
10/24/2024
|
Melanie Damron
Keller Williams - Lake Travis
| |
|
09/27/2024
|
3 Bed
|
2 Bath
|
1848 ft²
|
$450,000
3 Bed
2 Bath
1848 ft²
|
$435,000
-3.33%
09/27/2024
|
France Clausen
Compass RE Texas, LLC
| |
|
04/18/2024
|
3 Bed
|
3 Bath
|
1966 ft²
|
$462,500
3 Bed
3 Bath
1966 ft²
|
-
-
|
Kristen Ribera
My Texas Home Broker
| |
|
03/28/2024
|
3 Bed
|
3 Bath
|
1848 ft²
|
$470,000
3 Bed
3 Bath
1848 ft²
|
-
-
|
France Clausen
Compass RE Texas, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017