4045 Lago Drive
About This Property
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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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| Apr 2, 2025 | Listed | $6,750,000 | |
| Listed | |||
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Overlooking La Cumbre Country Club with stunning lake and golf course views, this 1928 Spanish Colonial Revival home is a true architectural gem. Designed by Joseph Plunkett, this 5BD/4BA estate showcases arched windows, hand-hewn beams, intricate tilework, and wrought-iron details. The light-filled living room features vaulted ceilings and a mezzanine-level balcony reminiscent of Plunkett's Arlington Theatre. French doors in the dining room and kitchen create seamless indoor-outdoor living. A private upstairs primary suite offers a balcony with breathtaking views. Outdoor spaces include a fireplace, built-in BBQ, and a sprawling lawn. A rare opportunity to own a timeless Hope Ranch treasure.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017