84453 Passagio Lago Way
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 |
|---|---|---|---|
| Mar 20, 2025 | Listed | $1,199,000 | |
| Listed | |||
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Luxury vacation rental home tucked away in a private gated community. Indulge in the ultimate indoor/outdoor living experience with a saltwater pool and spa, an outdoor kitchen and lounge, and misters for hot days as well as indoor and outdoor surround sound!! Inside, you'll find a game room that rivals real arcades, a home theater, and high-end amenities throughout. Each of the 4 bedrooms has its own ensuite bathroom. The primary bedroom /bath has a private balcony with bi-folding glass door, 3 vanities, soaking tub and separate shower plus a bonus room currently used for additional sleeping space. One bedroom is located on the main floor in addition to a powder room. This is the only home in the community with two laundry areas, one on each floor! This income producing property is all set and has produced triple digits the past two years, along with future bookings already reserved through 2026. Don't lift a finger and start the STR business you've always dreamed of.
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| Sep 7, 2022 | Sold | ||
| Sold | |||
| Jun 20, 2022 | Listed by Windermere Homes & Estates | $785,000 | |
| Listed by Windermere Homes & Estates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017