Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 290,166

Median

2,344

Avg/Sq.ft.
CASH ON CASH RETURN

0.38%

Traditional

-0.08%

Airbnb
NUMBER OF PROPERTIES

407

Investment

204

Airbnb

849

Traditional

57%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$369,000

8 WHITING Street

Blackstone

3 beds
1 baths
1,320 sq.ft.

CASH ON CASH

Trad. 0.54%

Airbnb 13.09%

CAP RATE

Trad. 5.33%

Airbnb 21.84%

$445,000

18 Astral Avenue

Blackstone

3 beds
2 baths
1,390 sq.ft.

CASH ON CASH

Trad. 0.31%

Airbnb 10.72%

CAP RATE

Trad. 4.42%

Airbnb 18.11%

$120,000

355 Blackstone Boulevard #228

Blackstone

1 beds
1 baths
770 sq.ft.

CASH ON CASH

Trad. 3.81%

Airbnb 12.42%

CAP RATE

Trad. 11.93%

Airbnb 23.26%

$529,000

27 Elmway Street

Blackstone

3 beds
2 baths
1,721 sq.ft.

CASH ON CASH

Trad. -0.42%

Airbnb 8.34%

CAP RATE

Trad. 3.72%

Airbnb 15.24%

Top Providence Neighborhoods

Mount Pleasant
CASH ON CASH RETURN

1.24%

Traditional

7.14%

Airbnb
PROPERTY PRICE

$240,000

Median
RENTAL INCOME

$ 1,127

Traditional

$ 2,269

Airbnb

67%

Airbnb occ. rate
Charles
CASH ON CASH RETURN

0.87%

Traditional

6.68%

Airbnb
PROPERTY PRICE

$209,900

Median
RENTAL INCOME

$ 990

Traditional

$ 1,906

Airbnb

61%

Airbnb occ. rate
Elmhurst
CASH ON CASH RETURN

1.73%

Traditional

-0.83%

Airbnb
PROPERTY PRICE

$223,000

Median
RENTAL INCOME

$ 1,462

Traditional

$ 2,114

Airbnb

61%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

0.38%

Traditional

-0.41%

Airbnb
PROPERTY PRICE

$249,000

Median
RENTAL INCOME

$ 1,331

Traditional

$ 2,544

Airbnb

60%

Airbnb occ. rate
College Hill
CASH ON CASH RETURN

-0.44%

Traditional

0.27%

Airbnb
PROPERTY PRICE

$449,000

Median
RENTAL INCOME

$ 1,922

Traditional

$ 3,460

Airbnb

60%

Airbnb occ. rate

Providence Insights

Blogs

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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