Marshfield Investment Properties

Located where Cape Cod Bay meets Massachusetts Bay, Marshfield, Massachusetts, is a beautiful town that has a tendency to draw thousands of vacationers during the summer months. It's only about 31 miles away from Boston, which means that this town is optimally placed so that busy Bostonians can have a place to relax during the warmer months. In fact, during the off-season, the population of this town is 25,807, but when it gets warm, the town's population nearly doubles.

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Property in and around town is still very reasonably priced compared to other towns in the Boston Metro area; at the median, home values are around $444,920, and the price per square foot is almost $20 dollars cheaper in this town than in other Boston suburbs.

Residential and Commercial Investment Properties

Wondering what are the advantages of owning a property like this? Property investment is one of the most desirable ways to invest money; typically, you can generate strong cash flow, you can take advantage of market increases, and they all can help build your investment portfolio. When investing in a property in the area, you should always consider:

• The Appreciation – Natural appreciation occurs when a property's value increases due to favorable market conditions. You can also take advantage of forced appreciation by adding value to the property, which can include renovations and upgrades. Home values in this area have increased by 5.9 percent in the last year, which indicates a very favorable appreciation rate.
• Rental Income – It's always important to consider cash flow when you're investing in property. Rental income should take care of your mortgage, real estate taxes, and maintenance costs. It's a bit of a juggling act to ensure that your tenants are paying the appropriate levels of rent, but with smart management techniques, your rental income will always ensure that you are making enough to run your property and still have a significant amount of money entering your bank account.
• Financing Options – It's rare for an investor to pay the entire cost of a property, which is why many seek out loans from banks and lending institutions. An investor can seek out a standard mortgage, but there are more options out there like government loans, owner-occupied financing options, and others. In most cases, you'll need a down payment of at least 20 percent, but there are some financing options that will allow you to pay in even less.

Real Estate Market Overview and Neighborhoods

This seaside town has five unique neighborhoods of different sizes. Some of them are almost entirely on the water, but the town also has neighborhoods that are almost entirely landlocked as well. Here is a listing of the five:

• Cedar Crest – Located to the south of town, Cedar Crest is also often called Green Harbor. Since some of this neighborhood lies on the water, there is a 10 percent vacancy rate that accounts for the vacancies that occur in the off-season. Most homes here are owner-occupied, but there are also apartment buildings throughout the neighborhood.
• Town Center – The center of town is landlocked, which means that the majority of vacation properties lie outside this neighborhood. As a result, the vacancy rate here is only 2.3 percent, which is significantly lower than the national average. There are some larger homes in this area, which can be sold as-is, converted, or flipped for a profit.
• Standish – Standish is one of the most expensive areas to live in town. In fact, this neighborhood has a median real estate price of $612,810, which is significantly higher than other town neighborhoods. This part of town has several apartment complexes but is still widely considered a stronger market for single-family households.
• Brant Rock – Brant Rock rests almost entirely on the water, and as a result, is one of the best neighborhoods for vacation properties. As this is the case, this is the neighborhoods with the highest vacancy rate, which falls at about 27.3 percent.
• The Hills – This part of town has very little multi-family homes, but there are townhomes available for purchase. Home values are around $545,916 at the median level, which is slightly higher than the town median of $444,919.

Choosing the Right Investment Property

With all of its coastal area, this town is a great option for real estate investment. That being said, finding the right property can be tough, which is why consulting with a real estate brokerage like Boston City Properties is a good move. We have years of experience and thousands of satisfied clients, so give us a call at 617-247-1933.

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