6705 Covington Drive
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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%.
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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 |
|---|---|---|---|
| Aug 11, 2023 | Sold | ||
| Sold | |||
| May 16, 2023 | Listed by REALM Real Estate Professional | $230,000 | |
| Listed by REALM Real Estate Professional | |||
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3/2 + office - Beautiful courtyard style home, big lot for future platting to build multiple condos on the lot. Lots of privacy, enjoy this private courtyard home, very high growth area. Many custom homes on this street more is being planned. Acres homes areas, oak forest close approximately . Great location - Beautiful home in highly desirable area. Large lot to plat to build multiple homes (checks with a survey company) 3 bed 2 bath and an office, open floor plan, front and back patio deck, open kitchen, new cabinets, new appliances, washer / dryer connections. Tile and laminated floor, interior and exterior paint. Beautiful kitchen, remodeled home, newly remodeled baths and kitchen, new appliances. Beautiful tile floors, laminated floor, cabinets. A must show!
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About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017