3422 JAY DRIVE
About This Property
The large kitchen features ample counter space, newer stainless steel appliances, and opens to a bright and inviting sunroom, perfect for morning coffee or a quiet read. All three bedrooms are generously sized with hardwood flooring and share a well-appointed hall bath. The finished lower level boasts a large recreation room with brand-new LVP flooring and a wood burning fireplace, a second full bathroom, and two sizable storage rooms. Additional features include a floored attic with shelving, a patio for outdoor enjoyment, and updates to the A/C and roof. All this in a fantastic location with easy access to major commuter routes, shopping, dining, and entertainment!
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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%.
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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 |
|---|---|---|---|
| Sep 8, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Northrop Realty | $600,000 | |
| Listed by Northrop Realty | |||
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About Ellicott City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017