Investment properties in greater boston region

Member since 2018 · 2 posts · 0 votes

I am looking for some investment properties in greater Boston region with minimum CoC return of about 7-10% . Any suggestions on the areas that i should look for would be good.

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Lien VuongBusiness Member
Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
6y
Boston metro regions - anything within 5 mile radius of Boston - is getting 5-7% C/C return with cities such as Malden, Everett, Quincy as hot suburbs
Expanding to Greater Boston area with about 20 mile radius would get you 8-10% C/C return with cities such as Woburn, Framingham, Randolph as what we consider as secondary markets.
In a typical situation it's not very common to have immediate c/c return from Day 1 but with some light improvements and increases in rents I think you should be able to very realistically achieve those returns and high appreciation.
Hope that helps!
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Lior RozhanskyBusiness Member
Real Estate Agent · Boston, MA · Member since 2016 · 106 posts · 69 votes
6y
@Gaurav Agarwal There are plenty of markets around the area where you can push 7-10% CoC. If you look at mutli fams in areas like Dorchester, Roxbury, Roslindale, Hyde Park, you'll be able to find deals there. Areas like Everett, Malden, Medford will typically get you a bit lower, like 5-6% CoC though you'll see exceptions to the rule.
I think you'll also need to tighten your criteria a bit. What kind of assets are you going to be looking at, as well as how turn-key vs distressed you'd be willing to look at. Good luck!
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Gaurav Agarwal
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Member since 2018 · 2 posts · 0 votes
6y
Originally posted by @Lien Vuong:
Boston metro regions - anything within 5 mile radius of Boston - is getting 5-7% C/C return with cities such as Malden, Everett, Quincy as hot suburbs
Expanding to Greater Boston area with about 20 mile radius would get you 8-10% C/C return with cities such as Woburn, Framingham, Randolph as what we consider as secondary markets.
In a typical situation it's not very common to have immediate c/c return from Day 1 but with some light improvements and increases in rents I think you should be able to very realistically achieve those returns and high appreciation.
Hope that helps!

Thanks Lien , this was helpful. I was trying to run some numbers to estimate if i settle on 5-7% CoC , can that be compensated by the higher appreciates rates in Boston ? what is typical appreciation rate in and around boston (5 mile radius) ?
Thanks
Gaurav

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