Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 251,937

Median

1,280

Avg/Sq.ft.
CASH ON CASH RETURN

2.41%

Traditional

-0.02%

Airbnb
NUMBER OF PROPERTIES

83

Investment

160

Airbnb

558

Traditional

41%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$185,000

90 Updike Street

Elmwood

3 beds
1 baths
1,440 sq.ft.

CASH ON CASH

Trad. 1.74%

Airbnb 8.09%

CAP RATE

Trad. 6.13%

Airbnb 12.89%

$139,900

63 Congress Avenue

Elmwood

4 beds
2 baths
1,530 sq.ft.

CASH ON CASH

Trad. 5.88%

Airbnb 4.85%

CAP RATE

Trad. 12.01%

Airbnb 10.91%

$150,000

640 Public Street

Elmwood

4 beds
2 baths
1,480 sq.ft.

CASH ON CASH

Trad. 6.37%

Airbnb 5.41%

CAP RATE

Trad. 11.20%

Airbnb 10.17%

$95,000

84 HAMILTON STREET

Elmwood

4 beds
3 baths
1,788 sq.ft.

CASH ON CASH

Trad. 11.11%

Airbnb 9.59%

CAP RATE

Trad. 17.68%

Airbnb 16.06%

Top Providence Neighborhoods

Fox Point
CASH ON CASH RETURN

6.63%

Traditional

14.23%

Airbnb
PROPERTY PRICE

$199,000

Median
RENTAL INCOME

$ 1,726

Traditional

$ 3,067

Airbnb

54%

Airbnb occ. rate
Federal Hill
CASH ON CASH RETURN

0.47%

Traditional

8.26%

Airbnb
PROPERTY PRICE

$224,900

Median
RENTAL INCOME

$ 1,330

Traditional

$ 2,263

Airbnb

46%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

3.40%

Traditional

4.64%

Airbnb
PROPERTY PRICE

$174,900

Median
RENTAL INCOME

$ 1,314

Traditional

$ 1,219

Airbnb

45%

Airbnb occ. rate
Blackstone
CASH ON CASH RETURN

-1.04%

Traditional

-1.87%

Airbnb
PROPERTY PRICE

$299,000

Median
RENTAL INCOME

$ 1,512

Traditional

$ 2,713

Airbnb

42%

Airbnb occ. rate
Mount Hope
CASH ON CASH RETURN

0.77%

Traditional

3.92%

Airbnb
PROPERTY PRICE

$329,500

Median
RENTAL INCOME

$ 1,242

Traditional

$ 2,008

Airbnb

40%

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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