How to save object into variable mongoose

I want to save a single Object to a variable

var query= user.findOne({ip:'127.0.0.1'});
  var test= query.exec(function (err, user) {
  if (err) return handleError(err);
  return user.ip;

  console.log('%s ', user.ip) 
})
    console.log(test);

The console.log is showing the right value while my test variable is showing something like {domain:null, _events....