Chatham, a picturesque town on Cape Cod, combines elegance with charm, appealing to tourists and families. Summer 2024 rental projections suggest an average daily rental rate of $730, with homeowners facing a median home price of $1.7 million and high mortgage payments. Despite these costs, substantial rental income can offset mortgage expenses significantly, making Chatham attractive for long-term investors focused on stable returns and property appreciation. The local market remains dominated by small investors, highlighting the trend of holding properties rather than quick resales amid steady seasonal demand.
The average daily rent in Chatham for summer 2024 is $730, with a median home price of $1.7M affecting rental income dynamics.
Chatham's luxury inns and scenic beaches combine with strong rental market potential, making it appealing for long-term investors seeking significant returns.
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