This gorgeous contemporary Westlake home is set on ~1.2 stunning,
park-like acres, surrounded by seven acres of conservation land for
enhanced privacy. Lush lawns are dotted with over 60 mature oak
trees and provide an idyllic setting for the sleek, elegant home.
Privately gated, the grounds are designed with outdoor living in
mind, with a pool and spa, a shady cabana with a summer kitchen and
television, a raised sun terrace, and a dining patio. The lawn
sprawls out from the hardscapes, providing plenty of places to play
and entertain, including an elegantly planted garden for quiet
contemplation. The interior is a decorator's dream, with rich
wide-plank walnut flooring and creamy walls that reflect light
streaming in through huge floor-to-ceiling windows. The airy,
gourmet kitchen is outfitted with vast quartz countertops and
chef's appliances, opening to a large family room, warmed by a
limestone-surrounded fireplace. Finishes throughout the home are
classic and luxurious, including designer lighting, creamy marble
and quartz, and sparkling mosaic tile accents. Perfect for elegant
entertaining, the floor plan flows from indoors to out and includes
a formal dining room served by a butler's pantry for intimate
gatherings. Two large, open rooms upstairs can each function as a
game room or media room, expanding the entertaining options. The
main-floor primary suite is a serene retreat and enjoys a large,
marble-clad bath, a huge walk-in closet, and access to a covered
porch. Designed with space for every need, the home also includes a
large, bookcase-lined office, a huge laundry room, and a large
storage closet, plus a three-car garage. Additional luxuries
include a whole-house Elan AV system, high fencing, foam
insulation, well water for landscaping, plus two additional storage
buildings on the property. Tax and assessed values are estimates
for illustration purposes only. All figures should be
independently verified.
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.
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