172 SILVER LAKE Drive
About This Property
Inside, the home is bright, comfortable, and easy to maintain with laminate flooring throughout and three mini-split heating and cooling units for personalized comfort. The kitchen includes an electric range and refrigerator, and the separate laundry room adds extra convenience. Silver Lake is a popular fish-and-swim lake, making this a great spot for kayaking, paddleboarding, casting a line, or simply enjoying the waterfront lifestyle. Whether you're searching for a full-time home, a weekend retreat, or a vacation rental opportunity, this charming cottage delivers the laid-back lake life you've been looking for.
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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 23, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Price Decreased |
$198,000
↓ $12K
(5.7%) | |
| Price Decreased | |||
| Oct 1, 2026 | Relisted | $209,900 | |
| Relisted | |||
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Price Decreased |
$209,900
↓ $12K
(5.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017