Easton Investment Properties

Not only is Easton, MA, very close to Boston and part of the Greater Boston area, but the town is also only about 28 miles from Providence, RI, which means that the town effectively close to two major metropolitan areas. As a result, this is a good location for professionals that are seeking out an urban professional lifestyle but also want to retire at the end of the day to suburban bliss.

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As a result, there is significant and steady growth in this town; in the last year, the values of homes in the area have increased by almost eight percent. Clearly, this is a worthy town to invest in, and within the town limits, there are several types of properties to choose from that can all provide a significant return on investment.

Residential and Commercial Investment Properties

If you're looking for a property investment, you'll certainly have your options within this town. Before you select whether you're going for a single-family, multi-family, or a commercial real estate investment, there are a few steps that you can take in order to ensure a good real estate investment experience. Here are a few things to consider:

Appreciation – When it comes to appreciation, there are two types: forced and market. Any upgrades made to the property will increase the property's value, which is considered forced appreciation. Any appreciation that happens as a result of market factors is considered market appreciation, and this can happen when an area increases in popularity and experiences a hot housing market.

One of these is much more controllable than the other, but you should never buy a property just for its ability to appreciate. Typically, cash flow is important as well as capitalization rate.

Financing – Rarely will a person have enough money on-hand to buy a property immediately, and this may not even be that optimal if you did. When purchasing a property, you can expect to have to seek out a loan from a banking institution, and fortunately, for investment properties, there are typically a wide variety of options.

In fact, if you're opting to live in a multi-unit property, you can even seek out owner-occupied financing, which can help you have a very reasonable financing rate and a low down payment. It's crucial that you figure out how much you'll need to borrow ahead of time and the low-interest rate that you'll qualify for with the institution.

Capitalization Rate – One of the last things you should figure out is the capitalization rate, which is how fast you'll recoup your investment. Effectively, a capitalization rate between four and 10 percent is considered a reasonable return. In many situations, this means that you'll pay off the cost of the property in about 20 years or so, Naturally, if you can pay off a property and still have living expenses taken care of in a shorter period, then that can be considered an optimal situation.

At Boston City Properties, we understand the market in this town, so contact us, and we'll help you figure out the best investment for your needs.

Real Estate Market Overview in Easton Neighborhoods

When it comes to the neighborhoods that have the largest amount of real estate options in town, there are five options:

• Stonehill College – This part of town has some very historic buildings built before the 20th century. Additionally, for multi-unit investors, many of the properties here have a mix of owners and renters.
• Pratts Corner – With a vacancy rate that's around three percent, this is a great place for property investment. Most residences are owner-occupied.
• Town Center – In addition to providing access to retail opportunities, the town center also has relatively low home values that are lower than many Massachusetts neighborhoods.
• Morse Corner – This is one of the less expensive areas of towns to purchase real estate. A single-family unit, at the median level, goes for around $377,277, and the average rent is around $1,515, which are both fairly cheap compared to other Massachusetts neighborhoods.
• Eastondale – Low vacancy rates, reasonable rents, and very inexpensive home values are chief features of Eastondale. In this part of town, colonial homes that are owner-occupied are common.

Choosing the Right Investment Property

With a median home value around $416,871 and with some neighborhoods even cheaper, this particular town has its share of investment opportunities. With a population that works almost entirely in white-collar jobs, this is a relatively safe town for property purchasing due to the low rate of vacancy and foreclosure.

Which type of property you pick is going to be based entirely on the capitalization rate that you're aiming for; some types of properties will ensure that your property becomes paid off at a quicker rate. That being said, never neglect cash flow. If you need more advise on choosing an investment property, contact us at Boston City Properties.

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