Friends of mine from college called me last week to talk about purchasing an investment property. Their reasoning was because returns are so skimpy in the stock market, that they’d have more upside potential from a rental home.
I selected homes that are in desirable locations for tenants and that also have renovation potential. We had a good lunch, strapped on our running shoes, and looked at six properties. These houses all had possibilities:
#21509495
75 Lakeview Ave, Falmouth
$439,900
#21601310
23 Evangeline Road, Falmouth
$499,000
Evangeline Road is in a prime Quissett location for Woods Hole scientists, and the house is in the woods with lots of privacy. It’s not been updated, but academics seem to care less about that than other tenants. A big plus is the quick bike ride to the private and gorgeous MBL Beach access.
#21600113
43 Cachalot Lane, Falmouth
$499,000
Cachalot has curb appeal! It’s got 4 bedrooms and 2 baths – but is small and perfectly set up for roommates, with 2 bedrooms up and 2 down, and a family room on each level. Near Woodneck Beach, the bike path and downtown, you really can do your day by pedal. How cool is that?