9650 Covey Ln
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 |
|---|---|---|---|
| May 15, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | Listed by HomeSmart Realty West | $1,699,000 | |
| Listed by HomeSmart Realty West | |||
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Welcome to your dream home! As you drive through the private gate, a sense of exclusivity unfolds, leading you to a large circular driveway that sets the tone for the grandeur that awaits. The charming entryway beckons you into a spacious living area, adorned with doors that seamlessly open to reveal the breathtaking backyard and its panoramic views. The primary suite is a true sanctuary within the home, featuring a cozy fireplace and expansive windows that frame the picturesque scenery. A generously sized walk-in closet and a luxuriously appointed bathroom enhance the allure of the primary suite, creating a private retreat for relaxation. The formal dining room, capable of accommodating large family gatherings, exudes an air of sophistication, making it the perfect space for memorable meals and celebrations. The heart of the home, the kitchen, is a culinary haven with beautiful granite countertops, high-end stainless steel appliances, and custom cabinetry. As you prepare meals, enjoy the ever-changing canvas of the outdoors through the kitchen windows, offering stunning views of the pool and surrounding countryside. This home could accommodate multi-generational families with a secondary Livingroom and living space at the other end of the home. Speaking of the pool, this residence is an entertainer's paradise with its resort-style pool. Imagine hosting gatherings and celebrations in this idyllic setting, where the pool becomes a focal point of leisure and enjoyment. Adding to the charm of this property is an avocado grove interspersed with citrus trees throughout, creating a harmonious blend of natural beauty and functionality. The fragrance of citrus blossoms and the allure of fresh avocados contribute to the overall appeal of this unique and inviting home. This single-story haven is not just a residence; it's a lifestyle, offering tranquility, luxury, and a connection to nature. Experience the epitome of refined living with this stunning home and its captivating surroundings.
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| Apr 1, 2023 | No longer available | - | |
| No longer available | |||
| Jan 31, 2023 | Price Increased |
$2,999,000
↑ $1M
(50%) | |
| Price Increased | |||
| Jan 3, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017