721 Cove Drive
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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.
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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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2024 | Listed by Re/Max Big Bear | $1,599,000 | |
| Listed by Re/Max Big Bear | |||
| Feb 20, 2018 | Sold | ||
| Sold | |||
| Jul 27, 2017 | Listed by Re/Max Big Bear | $999,999 | |
| Listed by Re/Max Big Bear | |||
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Remodeled log sided lakefront in wind protected Cove Drive location. Immaculate condition with lots of T&G knotty pine and log trim accents throughout. Open Great Room living area with upgraded wood laminate flooring and vaulted ceilings. Open kitchen has tiled counters and bar seating. Remodeled baths on upper level with granite counters, tile and log accents. Solid pine doors, new carpeting and lighting fixtures. 2 bedrooms and 2 baths on the upper floor, and 1 large bedroom with attached bath, plus family room with fireplace and separate game room with sauna and shower on the lower level. Successful vacation rental set up. New energy efficient Milgard windows and door, plus new forced air heating system. Tons of parking plus room for garage. 486 sq. ft. expandable basement with easy interior access for future additional bedrooms etc. Fully fenced yard with terraced landscaping, auto sprinkler system and accent lighting. Full slip covered dock included. Owner may carry for up to 2-3 years on approved credit and terms.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017