Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 247,852

Median

1,335

Avg/Sq.ft.
CASH ON CASH RETURN

2.67%

Traditional

1.55%

Airbnb
NUMBER OF PROPERTIES

100

Investment

180

Airbnb

538

Traditional

35%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$279,000

56 Meridian Street

Elmhurst

4 beds
3 baths
1,810 sq.ft.

CASH ON CASH

Trad. 5.48%

Airbnb 20.22%

CAP RATE

Trad. 9.68%

Airbnb 25.37%

$160,000

1260 Smith Street

Elmhurst

3 beds
1 baths
952 sq.ft.

CASH ON CASH

Trad. 5.83%

Airbnb 17.10%

CAP RATE

Trad. 10.83%

Airbnb 22.82%

$199,900

69 Modena Avenue

Elmhurst

3 beds
1 baths
1,332 sq.ft.

CASH ON CASH

Trad. 4.14%

Airbnb 13.16%

CAP RATE

Trad. 8.67%

Airbnb 18.26%

$229,900

27 Arbor Drive

Elmhurst

2 beds
2 baths
1,500 sq.ft.

CASH ON CASH

Trad. 2.09%

Airbnb 13.17%

CAP RATE

Trad. 6.30%

Airbnb 18.09%

Top Providence Neighborhoods

Federal Hill
CASH ON CASH RETURN

0.28%

Traditional

3.55%

Airbnb
PROPERTY PRICE

$229,900

Median
RENTAL INCOME

$ 1,326

Traditional

$ 1,748

Airbnb

47%

Airbnb occ. rate
Elmhurst
CASH ON CASH RETURN

3.21%

Traditional

12.02%

Airbnb
PROPERTY PRICE

$252,000

Median
RENTAL INCOME

$ 1,440

Traditional

$ 3,148

Airbnb

46%

Airbnb occ. rate
Fox Point
CASH ON CASH RETURN

1.43%

Traditional

4.86%

Airbnb
PROPERTY PRICE

$184,000

Median
RENTAL INCOME

$ 1,726

Traditional

$ 1,799

Airbnb

45%

Airbnb occ. rate
Mount Hope
CASH ON CASH RETURN

1.07%

Traditional

0.00%

Airbnb
PROPERTY PRICE

$349,950

Median
RENTAL INCOME

$ 1,250

Traditional

$ 993

Airbnb

33%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

1.07%

Traditional

-0.98%

Airbnb
PROPERTY PRICE

$225,000

Median
RENTAL INCOME

$ 1,314

Traditional

$ 942

Airbnb

33%

Airbnb occ. rate

Providence Insights

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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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