South Boston Average Property NOI

The neighborhood of South Boston is the pride of Beantown in more ways than one. Not only is it an iconic neighborhood steeped in rich history, its housing market has been one of the rising stars of the past decade. It is the dream of many local investors to own an investment property in South Boston, but with real estate prices as high as they are, profitability may seem out of reach.

If you think the ship has sailed on investment properties in South Boston, think again. There are some opportunities for profitable investments if you know what type of properties to look out for. In this article, we’ll analyze the estimated NOI for different types of homes for sale in South Boston. We are calculating NOI expenses based on a standard loan and the median sales price for each type of property. We’re also deducting yearly standard operating expenses (property taxes, homeowner’s insurance and maintenance). Annual operating income is based on the average rent price for apartments in South Boston multiplied by 12.