22865 Papago Road
About This Property
Welcome to your dream home! This brand-new, 3 bedroom, 2 bath beauty is perfectly situated on 1.25 acres overlooking the valley, offering space, comfort, and endless possibilities.
Step inside to discover upgraded cabinetry, granite countertops, and an open-concept kitchen and living room with soaring 10-foot ceilings. Upgraded fireplace and mantle. The master suite is a true retreat, featuring a 200 sq. ft. walk-in shower for the ultimate luxury experience.
The oversized 3-car garage-over 1,000 sq. ft.-gives you more than enough room for vehicles, storage, and your favorite toys. From here, you can ride straight out to the desert for adventure!
With acreage to spare, you have room to bring your horses, build an ADU, or create the workshop you've always dreamed of. The property is beautifully landscaped, making it move-in ready while still offering space for your personal touch.
Don't miss this perfect combination of luxury living, wide-open space, and outdoor freedom.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Sep 23, 2025 | Price Decreased |
$500,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Aug 26, 2025 | Listed by Dalton Real Estate | $515,000 | |
| Listed by Dalton Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017