3438 May Rd
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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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by Red Oak Realty | $699,000 | |
| Listed by Red Oak Realty | |||
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3438 May Road is a gem that is bright and inviting. With over 1,500 square feet (per public record), this 3-bedroom, 2-bath property has hardwood floors throughout and fresh interior paint that makes the space feel new. The kitchen has been updated with granite countertops, stainless steel appliances, and plenty of space to cook and gather. Natural light pours through the dual-pane windows, keeping the home comfortable and efficient. The floor plan flows easily from room to room, with space for both everyday living and entertaining. The primary bedroom has its own en-suite and feels private and spacious. Each bedroom is filled with light and has a warm, inviting scale. The low-maintenance yard has raised garden beds with an irrigation timer to make it easy to keep things green. There is space to relax, dine, or grow your favorite plants. 3438 May Road is move-in ready and has been thoughtfully updated over the years. A home that blends style, comfort, and convenience in Richmond’s May Valley. The home is sewer compliant, and it has a gas auto shut-off valve installed, and a dedicated EV charger outlet (in garage).
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| Mar 8, 2018 | Sold | ||
| Sold | |||
| Feb 6, 2018 | Listed by THORNWALL PROPERTIES INC. | $579,000 | |
| Listed by THORNWALL PROPERTIES INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017