9949 Covello
About This Property
The home features a functional two-bedroom, one-bathroom layout with a comfortable living area that flows into the kitchen. Both bedrooms are well proportioned, and a full bathroom serves the home. A rear door provides direct access to the backyard, extending the living space outdoors.
A driveway leads to a attached one-car garage, offering additional storage, parking, or potential for future ADU possibilities, subject to city guidelines.
With its sizable lot, attached garage, and desirable cul-de-sac location, this property offers a compelling opportunity to renovate, expand, or reimagine in a sought-after Burbank neighborhood.
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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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by Keller Williams Luxury | $699,990 | |
| Listed by Keller Williams Luxury | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017