296 Castle Road
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 20, 2026 | Listed by RE/MAX Beacon | $1,790,000 | |
| Listed by RE/MAX Beacon | |||
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Jan 24, 2025 | Listed | $520,000 | |
| Listed | |||
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LAST OFFERING to purchase a conforming buildable lot of land in Northshore's most beautiful seaside community! Build the home of your dreams on 1 of 6 remaining lots-several w/unobstructed ocean views, NOT flood zone. Experience the joy of living in an idyllic beach community that's like being on vacation every day while within a short commute to Boston by ferry/rail/bus/drive. Wonderful nurturing environment for kids w/in town pre-K to 6, grades 7-12 are bused to Swampscott.Town sponsored learn to sail, park, library programs. Residents enjoy open access to numerous pristine beaches, spectacular seaside parks, low taxes.Cultural events include art/music/dance/beach yoga. Bring your boat/kayak/SUP/surfboard or just beach chairs, and enjoy the ocean breezes & sand in your toes.In a town of only 1.04 sq miles, whether to downsize to an age-in-place, new eco/green living, or family-sized housing-this is your chance to make Nahant your home, built to your exact specifications
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017