63 Castle 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 |
|---|---|---|---|
| Oct 13, 2011 | Sold | ||
| Sold | |||
| Jul 15, 2011 | Listed by Nahant Associates, Inc. | $450,000 | |
| Listed by Nahant Associates, Inc. | |||
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Direct oceanfront cottage! Feel like you are living on a boat year around from this fabulous location in beautiful Nahant, only 30 minutes North of Boston. This much loved vacation home was a favorite summer destination for family members for many years. Features include a fireplaced living room, eat-in kitchen, ocean-facing sunroom, basement with plenty of headroom, gas heat and a new front/side composite deck with plastic rails for easy maintenance. Includes 2-car garage & plenty of parking.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017