Investment home in the Berkshires

[Matt H.]

Hi everyone, 

There were a few posts discussing the Berkshires, but none that really applied to my current question. 

I have quite a bit of equity in my current home in Somerville, MA. Along with that a decent amount of savings. We have been spending time out in the Berkshires and really enjoy the area. I started looking into purchasing a property that we could rent out short term as it seems to be a popular vacation destination that covers all 4 seasons. 

I briefly spoke to a realtor that said the market is pretty hot now due to a lot of people buying vacation homes from NYC and Boston and inventory is low. If I was able to scoop up a single-family, what is the market like regarding appreciation and also cash flowing month to month based on short term rentals? 

The prices seem favorable compared to the Boston market and figured it may be a good investment, but truly don't know for sure. Any advice would be welcome. 

Thanks in advance.