3851 Honey Run Road
About This Property
Situated on a private 0.68-acre lot, the home is set back from the street for added privacy while still offering generous side and backyard space. A level area on the property provides an ideal location for a future ADU or shop, if desired. To make future expansion even easier, the builder has already installed an oversized septic system designed to accommodate an ADU.
Inside, you'll find luxury vinyl plank flooring, marble countertops, stainless steel appliances, a spacious pantry, soft-close cabinetry, and ceiling fans throughout. Ductless mini-split systems provide efficient year-round comfort, while the 4 kW OWNED solar system helps reduce utility costs. A fire sprinkler system adds an extra layer of safety and peace of mind.
Additional highlights include a finished two-car garage, RV parking with hookups, and a builder-provided one-year fit and finish warranty. This home is being offered exclusively to owner-occupied buyers.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017