8118 Cove Lane
About This Property
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2024 | Listed by Oak Shores Realty | $333,000 | |
| Listed by Oak Shores Realty | |||
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Nestled on a peaceful cul-de-sac, this bright and airy 2-bedroom, 2-bath cabin offers the perfect retreat. The open-concept upstairs features a stunning rock fireplace as the centerpiece, creating a cozy ambiance. Step onto the deck off the living room and unwind with your favorite drink while soaking in the serene surroundings. Your guests will love the spacious upstairs bedroom and full bath, while you can escape to the private master suite downstairs. Plenty of room for all your lake adventures with pontoon boat parking, a 1-car garage, and extra space for your gear. Priced to sell - this is the most affordable home in Oak Shores! Don’t miss out!
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| Apr 27, 2018 | Sold | ||
| Sold | |||
| Jul 28, 2017 | Listed | $239,000 | |
| Listed | |||
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Bright and airy two bedroom two bath cabin on a quiet cul-de-sac! Enjoy the open upstairs floor plan with a gorgeous rock fireplace as your focal point. Sip your beverage of choice on the deck just off the living room. Guests can relax in the large upstairs bedroom and full bath. Retreat to the master bedroom and bath downstairs. Pontoon boat parking off to the side of the house with a 1 car garage for all of your lake toys. Priced to sell as the least expensive listing in Oak Shores! The manager has listed the unit size as 1100 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017