Yarmouth Investment Properties

If you are looking for an investment opportunity in the Cape Cod area, then Yarmouth is worth considering. It has a population of 23,000 individuals, which means that it is more than a simple vacation town. With a median real estate price of $315,656, this is a great town to invest in, especially since the median value of real estate in the area has gone up by 8.8 percent in the past year.

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Residential and Commercial Investment Properties

Investing in property can be a difficult process, especially if you are new to the real estate market. There are commercial investments that you can consider as well as residential ones, but before you commit to one investment option, there are a few things to consider:

• Appreciation – It is important that the home that you are considering is going to appreciate over time. Typically, nothing will need to be done to the property, but if you have the funds to update and repair the property, you can force the appreciation of the home.
• Rental Income – One of the things that you are going to want to consider is the amount of rental income that you are going to be able to bake. That being said, rental income is exceptional in this neighborhood, which means that you will easily be able to keep up with your expenses. This is especially true when you own beachfront property in this area that is in demand. In fact, you can easily rent out a unit for a week at a monthly rental rate.

Real Estate Market Overview and Neighborhoods

Vacation property is a great option for investing, especially if you are going to invest in property that you can rent out for a relatively high weekly rate because it is in a location that is in high demand. In this area of Massachusetts, there are a total of six neighborhoods that you should consider before investing, which are:

• Town Center – The Town Center is actually located on the northern portion of the town. This coastal area is one of the areas in town that is occupied all year. There is a vacancy rating of about 20 percent, but if you are looking for a rental property where tenants can live all year, this is a great starting point.
• Bass River – This neighborhood is located right on the water, which means that there are plenty of activities to enjoy in the summer in this area, but it may be more of a seasonal area, especially considering the vacancy rate of 56.7 percent.
• Western Part of Town – Located on Lewis Bay and Seagull Beach, this is a great town to invest in vacation properties. There are quite a few apartment options as well as single-family homes, but the vacancy rate is 58.6 percent, which is quite high when you consider the rest of the country.
• Yarmouth Port – Since this neighborhood is located a bit more inland, there are going to be more residential and commercial property available here, especially considering that the median price for real estate in the area is $387,000. Investments of this type are commonly rented out on a weekly basis, which means that this type of investment will be well worth considering.
• Southern Part of Town – The southern portion of this town provides a great opportunity for investing in a single-family home or an apartment building. There is quite a variety of properties available here, but most of the homes were built between 1940 and 1999.
• Old Town House Road – With a low median real estate price of $296,000, this property opens up a lot of options. There is currently a vacancy rate of about 28 percent, which is much lower than some of the other neighborhoods in town.

Choosing the Right Investment Property

No matter where you decide to invest your money, the key to profiting is finding the right property for your portfolio. One of the best ways to do this is to contact a real estate broker like the professionals at Boston City Properties. We have years of experience in the Boston Metro area when it comes to property investments as well as the resources to help you make a sound decision. Call 617-247-1933 today to get a list of the investment properties that are available in the town.

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