OVERSIZED LOT | WHOLE-HOME WATER PURIFICATION | WATER VIEWS |
IMPACT WINDOWS & DOORS | NO FLOOD ZONE | WESTLAKE AMENITIES |
MULTI-GENERATIONAL LIVING Beautiful 4-bedroom, 3.5-bath home
in the Groves of Westlake on one of the larger lots in the
community, offering extra-wide outdoor space, a fully fenced
backyard and peaceful lake views. Inside, enjoy soaring ceilings,
impact windows and doors, a whole-home water purification system,
spacious island kitchen, multiple dining/flex spaces, a first-floor
en-suite bedroom and upstairs loft. A new elementary school is
being built nearby. Westlake offers incredible resort-style
amenities including a lagoon pool, splash park, waterslide,
clubhouse, fitness center, parks, dog park, basketball courts, BMX
park and scenic walking and biking trails.
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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