ProSource Media

https://appliedbusinessforecasting.com/quincy-ma-real-estate-investment-scorecard/ As the price of real estate has soard all around Boston in the past decade, prices for homes for sale in Quincy have remained relatively reasonable. Out of the 48 neighborhoods in metro Boston, Quincy ranks in the top 10 most affordable for single family, condo, and multi family properties. Quincy’s market held strong during the pandemic as demand has risen for housing in suburban areas with easy access to the city. As a result, few neighborhoods have as much upside as Quincy in terms of investment properties. In this article, we’ll analyze the average cap rates and net operating income (NOI) that different types of properties would yield in Quincy. We’ll base these estimates on the current median sales price, homeowner’s insurance, property tax rate and average rent prices.

https://blogs.umass.edu/kmfay/2022/02/21/quincy-ma-average-property-noi/ Quincy’s real estate market is arguably one of the best for real estate investors at the moment. Prices for Quincy real estate are on the upswing, but still at a reasonable level compared to other metro neighborhoods. Rent prices for Quincy apartments outpaced most other markets in greater Boston over the past few years as demand grew. As a result, not many neighborhoods offer as much upside for investors as Quincy. In this article, we’ll break down the average net operating income (NOI) for different property types in Quincy MA. To do this, we’ll use the median sales price, current property tax rates, and average homeowner’s insurance to estimate yearly expenses. We’ll use Quincy’s average rent price to estimate yearly revenue.