316 Paradise Road
About This Property
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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 |
|---|---|---|---|
| Jun 3, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by J. Barrett & Company | $499,900 | |
| Listed by J. Barrett & Company | |||
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Great opportunity to own in Swampscott! Wonderful 3-bedroom Ranch built in the 1950s and enjoyed by one family ever since. Delightful home needing a bit of updating features 1-level living, beautiful hardwood floors, large bedrooms, spacious screened porch, and private backyard. Generous sun-filled living room with fireplace leads to the dining room and kitchen. Bonus family room and home office options in the lower level. Newer roof and 2-zone heating system with Roth double walled oil tank. Attached garage has additional storage space. Front stairs updated with granite and brick steps. Enjoy amenities of Swampscott: great schools, beaches and walk to train to Boston. Move right in and take advantage of this well-built and well-maintained home. It’s a great investment for you and your family.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017