Eastham Investment Properties

If you're looking for a property investment in the beautiful Cape Cod area, Eastham, Massachusetts, is a part of the state that you should consider. While this city is fairly far from Boston, it has a picturesque shoreline that makes it a great option for a vacation property. That being said, many of the residents of this coastal community telecommute to work; in fact, this country has one of the largest at-home workforces in the country. Outside of this, there is a good mix of blue- and white-collar jobs in town.

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When it comes to real estate, the town has a fairly warm market that has seen a growth of about 2.8 percent in the past year.

Residential and Commercial Investment Properties

When you're considering an investment in one of the property types in this part of Massachusetts, it's a good idea to first consider the area. One of the most noteworthy aspects of this town is how beautiful the warm months are, which means that commercial properties like hotels and resorts are smart investments here, especially considering how the Cape is used as a prime vacation location for the entire East Coast.

If you're planning on investing in a hotel or resort in the area, then a smart method to manage such a niche property is to lease it out to a private company that can manage and operate it for you. This way, you can avoid all of the headaches that can arise from managing a business in an industry with an extensive set of rules that must be adhered to.

In addition to these types of commercial opportunities, this area also makes for a fertile landscape to purchase both single-family and multi-family housing. Vacationers often want a summer haven to visit when it's hot, and renting out either single-family homes or multi-unit property apartments during the summer can be very lucrative. In fact, with current vacation rental rates and the current market conditions in town, an owner of a vacation property can see optimal capitalization rates within a very reasonable amount of time, even with the off-season.

If you're wondering about the types of properties that are available in this beautiful coastal town, consult with us at Boston City Properties; we're experts in the various markets throughout the state, and we have licensed professionals on-staff that can help you find your new investment.

Real Estate Market Overview in Eastham Neighborhoods

Currently, the town is experiencing a warm real estate market that has home values, at the median, falling around $458,366. This is definitely somewhat inexpensive, especially considering the fact that this town is in the Cape Cod Metro area. However, this is an area that is dependent on the tourist trade, which brings in millions of dollars and can be leveraged by real estate investors.

This town, as a town of only about 5,000 residents, is somewhat on the smaller side of things, and as a result, there are only two neighborhoods that include:

• The North Section – In this neighborhood, about 57 percent of the properties are vacant during the off-season. Also, this part of the town is surrounded by the sea, and there's even a classic New England lighthouse on the eastern side of town. Rents here are slightly higher than the town center, but real estate prices are somewhat lower here than in the other neighborhood.
• Town Center - This part of town has a higher property value than the north section, but rents fall around $1,461, which is very reasonable. This is a very touristy part of town for properties, and a few of the homes date back to pre-war times. About 59 percent of the properties in this area are seasonably-occupied.

Looking to invest in a property in one of these neighborhoods? Contact us at Boston City Properties - we have years of experience and talented brokers that can help you find the property of your dreams.

Choosing the Right Investment Property

When considering an investment in town, it's a good idea to do research on the market so that you can make an informed decision. Looking for a multi-family property? If that's the case, then an area like the North Section is a good choice because it has lower real estate prices and higher rents, which can provide a higher capitalization rate. Want more info about this town's property? Call 617-247-1933 so that Boston City Properties can help you close a deal.

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