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512 Westlake Drive
About This Property
Step inside to discover bright, sun-filled living spaces, an updated kitchen, spacious bedrooms, and thoughtful improvements throughout, making this home truly move-in ready. Whether you're gathering with family or entertaining guests, the functional floor plan provides warmth, flexibility, and effortless everyday living. Outside, the expansive flat backyard offers endless possibilities for outdoor entertaining, gardening, play, or simply relaxing in your own private setting. Additional space in the full basement not included in the square footage. The location is second to none. Enjoy the convenience of walking to Westlake High School, with multiple Metro-North train stations just minutes away for an easy commute to New York City. Shopping is effortless with the nearby ShopRite Shopping Center, while outdoor enthusiasts will appreciate close proximity to Cranberry Lake Preserve and the breathtaking Rockefeller State Park Preserve, offering miles of scenic hiking, biking, and walking trails. Experience all that the Town of Mount Pleasant has to offer, including a vibrant selection of new restaurants, local shops, parks, and community events, all within minutes of your doorstep.
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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.
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About Westchester
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017