277 Reids Lane
About This Property
Thoughtful updates continue throughout the home, including new LVP flooring throughout, new PEX water lines, and a new water heater. The family room features a new mini-split system for added comfort and efficiency. Outside, enjoy the peace of mind of a new metal roof, new gutters, and new board-and-batten siding. A two-car carport provides covered parking and additional convenience.
Located approximately a half-mile or less from the lake, this home offers an excellent opportunity for those looking to enjoy the recreational lifestyle and amenities of the area. With extensive updates already completed, this home is move-in ready and waiting for its new owner !!!
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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 28, 2026 | Price Decreased |
$305,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Sep 7, 2026 | Listed by Coldwell Banker Jim Henry | $315,000 | |
| Listed by Coldwell Banker Jim Henry | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017