5017 Westfield DR
About This Property
Situated on a spacious 10,000 sf lot at the end of a cul-de-sac, the property offers a contemporary front yard design by Lush Greenscape Design, with raised metal planter boxes framing the walkways. The backyard features a large flagstone patio, perfect for outdoor dining, a fire pit, and a sizable lawn area. Additionally, a backyard storage studio provides the opportunity for a detached office or creative space.
Ideally located within walking/biking distance to Fonda San Miguel, Epicurie, and Chez Zee, it is also zoned to exemplary Highland Park Elementary, Lamar Middle, and McCallum High.
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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 |
|---|---|---|---|
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Listed by Compass RE Texas, LLC | $1,200,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017