8000 Two Coves Drive
About This Property
Main floor includes primary bedroom & an en-suite guest bedroom. Upstairs: optional 4th bedroom with full bath, serving as a game room/flex room, along with an additional bedroom & bathroom. Home boasts 4 bedrooms & 4.5 bathrooms, ideal for both daily living & entertaining.
Natural light floods main-level living room, open to kitchen, with seamless indoor-outdoor flow to pool & outdoor living. Spiral staircase leads to observatory with panoramic views. Property backs to nature preserve for peace & seclusion.
Recent updates: new roof, whole-house RO system, surge protector. 10 min. from Emma Long Metro. Park & 15 min. from DT Austin, offering both luxury living & short-term rental potential.
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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 |
|---|---|---|---|
| Oct 15, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Relisted | $1,850,000 | |
| Relisted | |||
| Jun 4, 2024 | Price Decreased |
$1,790,000
↓ $60K
(3.2%) | |
| Price Decreased | |||
| May 23, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017