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JPFCO

JPFCO REAL ESTATE BUZZ

Nov 15, 2009       Issue: 147

J Pepper Frazier Company
Early Morning View of Easton Street & Children's Beach
 
 New Listings VIEW ALL

Jul 26, 2017

Middle Moors
$1,995,000
 
 Recently Sold VIEW ALL 

Jun 22, 2017

Mid Island
$930,000

Jun 26, 2017

Town
$5,585,000

Jun 26, 2017

Cliff
$2,450,000

Jun 16, 2017

South of Town
$325,250
 

ISLAND HAPPENINGS
Who Keeps Nantucket Clean?

It is due in part to the island Clean Team; a group of 360 Volunteers aged from Toddler to Octogenarian. In the past 7 summers, this dedicated group has picked up more than 1,000 bags of trash totaling over 40 tons. The team voluntarily picks up trash Saturday mornings. Armed with rubber gloves, recycling, and trash bags, they roam approx. 1/2 mile from their assigned location.This quiet and caring group exists to take care of our fragile island, and for that, we are all grateful.
  More info... 
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REAL ESTATE BUZZ
  Is it still possible to purchase a stellar income producer?

Yes! For example, if you purchase a property in a sought after rental neighborhood for $1,300,000, you obtain a loan for 60% of the purchase price, $780,000, at 5.875%, your average monthly payments would be approximately $5,000 including taxes and insurance. If you net $50,000 in rental income, which is possible if you have great amenities such as central A/C, flat screen TV's, new bedding, and furniture, then you can come very close to covering the mortgage and annual expenses. There are several properties currently on the market that do fit this potential scenario. Keep in mind that organizing and booking the amount of rentals to account for netting $50,000 in income can be very time consuming, but at the same time can be very rewarding and a wise investment move....
 
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RENTAL BUZZ
  Fabulous Sconset Rental

Brand new three bedroom in Sconset. 12 Lincoln Street is a wonderful rental property currently available almost all season. Central A/C, 2300 sq ft of living area, and a gourmet kitchen are just a few of the many extras. The property is located on Lincoln Street, a short distance to the beach, the village, and the tennis courts! $6000 a week.
    Photos and Details  
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NANTUCKET REAL ESTATE NEWSWIRE
 

NOTES FROM PEPPER THE ELDER
  Safe Bets

Well the stock market has been steaming ahead recently. The Dow Jones is up almost 4,000 points from its low on heavy volume. The Dow Jones represents conservative, mostly old-line companies, like Alcoa, Caterpillar and Boeing. Companies that, generally speaking, pay dividends. People are going for the secure, less speculative stocks. On the other hand, The Russell 2000, which represents small to mid caps, more speculative, non-dividend paying stocks has seen its volume shrinking. This shows that people are looking for security and a hedge against inflation. This also explains the surge in gold, copper, silver, platinum and to some extent farm land. Of all these options, and I must admit that I am somewhat of a Gold Bug, real estate is the only one that lets you derive both income and pleasure from it. Kind of a No Brainer.
 
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One of the oldest and most experienced nantucket real estate
JPFCO | 19 Centre Street Nantucket, MA 02554

Call Us: (508) 228-3202