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
