Northeast5.9% avg cap rate

Cape Cod, MA

New England's iconic summer escape

Cape Cod is one of the most iconic summer vacation destinations in America, with a 15-week summer peak (late June through Labor Day) that drives extremely high seasonal occupancy. The Cape's charm — shingle-style homes, lobster shacks, National Seashore beaches — commands premium pricing from Boston, NYC, and Providence drive markets. Off-season is soft but summer profitability is exceptional.

5.9%
Avg Cap Rate
Net operating income / price
55%
Avg Occupancy
Annual average
$490
Avg Nightly Rate
All property types
$695K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
55% occ × $490/night
$98,368
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $39,347
Est. net operating income
Before mortgage & depreciation
$59,021
At median price
Implied cap rate
8.5%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Cape Cod

15-week summer peak with near-100% weekend occupancy
Drive-to market from 15M+ Boston/NYC/Providence residents
National Seashore protects supply — limits new development
Shingle-style aesthetic drives strong listing photography
Peak season: Late June – Labor Day
Top property types: Cottage, Single Family, Waterfront Home
Primary zip: 02601, 02632, 02645, 02652, 02664

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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