196 SILVER REEF Lane
About This Property
SOLAR PANELS give this home a Major efficiency upgrade with an average electric bill of just $35/month! Offering significant long-term savings. Interior features include quartz countertops, 42'' cabinetry, and a plus a brand new Samsung 4 French Door-touch screen refrigerator. Stainless steel gourmet kitchen with 5-burner gas range, microwave, dishwasher, Ceramic wood-look tile extends throughout the main living areas and LVP throughout all bedrooms, complemented by crown molding, 5 ¼'' baseboards, a glass front entry door. Additional features include Two solar tubes in the living room and one in the kitchen giving you natural light all day long. Pre-wired security system, motion sensor lighting, Tesla fast charger in the garage, and outdoor solar-powered security cameras.
Outdoor living has been fully upgraded with a large extended paver and screened lanai, automatic electric patio blinds for added privacy on each side of the screened lanai, and a fully fenced yard backing to a private wooded preserve. Professional landscaping design by Garden LLC enhances the front, side, and backyard!
Additional upgrades include washer and dryer, full home gutters, upgraded lighting, LED kitchen lighting, Shark Coatings blue-grey epoxy garage flooring, and numerous functional enhancements throughout.
Located in a community offering a clubhouse, pool, and fitness center, this home stands out as one of the more upgraded and cost-efficient properties in the neighborhood. Currently zoned for the new Lakeside Academy K-8.
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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 8, 2026 | Price Decreased |
$599,000
↓ $11K
(1.8%) | |
| Price Decreased | |||
| Jul 6, 2026 | Price Decreased |
$610,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$620,000
↓ $8K
(1.2%) | |
| Price Decreased | |||
| May 19, 2026 | Price Decreased |
$627,500
↓ $3K
(0.4%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by ROUND TABLE REALTY | $630,000 | |
| Listed by ROUND TABLE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017