7646 COVEDALE DRIVE
About This Property
This original-owner, 3-bedroom, 2-bathroom home is a hidden gem, just waiting for the right buyer to restore its charm and make it shine again! With great bones (Roof 2021) and a fantastic layout, this home is the perfect canvas to update and customize to your style.
Step inside and imagine the possibilities-spacious living areas, a generous kitchen ready for your modern touch, and a primary suite with room to transform into your dream retreat. The large screened-in patio is ideal for enjoying morning coffee or entertaining guests, while the fully fenced backyard offers plenty of space for pets, play, or even a future garden oasis. The two-car garage provides ample storage and convenience. Plus, the seller is offering $10,000 toward the buyer's closing costs, making this an incredible opportunity to bring your vision to life with extra savings!
Bring your creativity-this is your chance to breathe new life into a home with endless potential. Schedule your showing 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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 18, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Relisted | $349,900 | |
| Relisted | |||
| Mar 24, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Listed by PREFERRED REAL ESTATE BROKERS | $349,900 | |
| Listed by PREFERRED REAL ESTATE BROKERS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017