Greater Boston-Zone 2 East-New Listing Carey Cap Rate Report 19-14

New listing volume in the Greater Boston East zone was light this week for residential investment property opportunities in this region but everything is worth pursuing with mid 5 to mid 6 cap rate potential and one over 7 along with a development opportunity. Even the listing with the lowest cap rate estimate in the 4’s has current rents above market pushing into the 5 range.

Many of these properties have been inspected but the information provided in the report as well as the income/expenses used to calculate the ratings are based on estimates, therefore many assumptions have been made about each of the properties that would require a property visit and/or further research and due diligence before relying on this information to formulate an offer.

For more detailed information about any specific property simply email me at mcarey@sennere.com or complete a contact me form at markccarey.com/contact   and provide the report # and property number with your request for a detailed report and if you want to schedule a property visit then also provide your availability for showing times.