Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 244,421

Median

1,241

Avg/Sq.ft.
CASH ON CASH RETURN

2.70%

Traditional

1.63%

Airbnb
NUMBER OF PROPERTIES

79

Investment

164

Airbnb

521

Traditional

38%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$239,900

622 Pleasant Valley Parkway

Elmhurst

4 beds
2 baths
1,696 sq.ft.

CASH ON CASH

Trad. 6.80%

Airbnb 15.24%

CAP RATE

Trad. 11.26%

Airbnb 20.24%

$249,000

59 ROSLYN Avenue

Elmhurst

4 beds
2 baths
1,709 sq.ft.

CASH ON CASH

Trad. 6.46%

Airbnb 14.59%

CAP RATE

Trad. 10.85%

Airbnb 19.50%

$259,900

41 TYNDALL Avenue

Elmhurst

4 beds
2 baths
2,234 sq.ft.

CASH ON CASH

Trad. 6.07%

Airbnb 13.86%

CAP RATE

Trad. 10.39%

Airbnb 18.68%

$99,900

3 Ames Square #3

Federal Hill

1 beds
1 baths
651 sq.ft.

CASH ON CASH

Trad. 4.30%

Airbnb 13.54%

CAP RATE

Trad. 10.29%

Airbnb 20.12%

Top Providence Neighborhoods

Federal Hill
CASH ON CASH RETURN

0.31%

Traditional

6.57%

Airbnb
PROPERTY PRICE

$219,950

Median
RENTAL INCOME

$ 1,326

Traditional

$ 1,860

Airbnb

52%

Airbnb occ. rate
Fox Point
CASH ON CASH RETURN

1.25%

Traditional

3.76%

Airbnb
PROPERTY PRICE

$196,000

Median
RENTAL INCOME

$ 1,726

Traditional

$ 1,787

Airbnb

45%

Airbnb occ. rate
Downtown
CASH ON CASH RETURN

0.41%

Traditional

0.38%

Airbnb
PROPERTY PRICE

$537,500

Median
RENTAL INCOME

$ 2,044

Traditional

$ 2,294

Airbnb

42%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

4.79%

Traditional

-0.98%

Airbnb
PROPERTY PRICE

$149,900

Median
RENTAL INCOME

$ 1,314

Traditional

$ 1,067

Airbnb

37%

Airbnb occ. rate
Blackstone
CASH ON CASH RETURN

-0.21%

Traditional

0.87%

Airbnb
PROPERTY PRICE

$659,000

Median
RENTAL INCOME

$ 1,512

Traditional

$ 2,144

Airbnb

35%

Airbnb occ. rate

Providence Insights

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Guides and Tips

Similar Cities

North Kingstown, RI

PROPERTY PRICE

$399,210

Median
CASH ON CASH RETURN

1.76%

Traditional

7.15%

Airbnb

Newport, RI

PROPERTY PRICE

$596,215

Median
CASH ON CASH RETURN

1.87%

Traditional

7.25%

Airbnb

Providence, RI

PROPERTY PRICE

$214,785

Median
CASH ON CASH RETURN

3.85%

Traditional

4.51%

Airbnb

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