Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 299,314

Median

2,174

Avg/Sq.ft.
CASH ON CASH RETURN

-0.48%

Traditional

0.99%

Airbnb
NUMBER OF PROPERTIES

234

Investment

348

Airbnb

1,010

Traditional

54%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$157,900

South Elmwood

3 beds
2 baths
1,344 sq.ft.

CASH ON CASH

Trad. 2.13%

Airbnb 24.78%

CAP RATE

Trad. 2.13%

Airbnb 24.78%

$169,000

South Elmwood

3 beds
2 baths
1,059 sq.ft.

CASH ON CASH

Trad. 4.09%

Airbnb 24.58%

CAP RATE

Trad. 4.09%

Airbnb 24.58%

$245,000

Washington Park

3 beds
2 baths
1,078 sq.ft.

CASH ON CASH

Trad. 0.75%

Airbnb 23.84%

CAP RATE

Trad. 0.75%

Airbnb 23.84%

$235,000

South Elmwood

3 beds
2 baths
1,300 sq.ft.

CASH ON CASH

Trad. N/A

Airbnb 16.86%

CAP RATE

Trad. N/A

Airbnb 16.86%

Top Providence Neighborhoods

Downtown
47%
PROPERTY PRICE

$289,000

Median
CASH ON CASH RETURN

0.57%

Traditional

0.05%

Airbnb
RENTAL INCOME

$ 1,961

Traditional

$ 2,547

Airbnb

62%

Airbnb occ. rate
Federal Hill
63%
PROPERTY PRICE

$304,450

Median
CASH ON CASH RETURN

-0.16%

Traditional

3.01%

Airbnb
RENTAL INCOME

$ 1,348

Traditional

$ 2,497

Airbnb

61%

Airbnb occ. rate
Smith Hill
69%
PROPERTY PRICE

$174,925

Median
CASH ON CASH RETURN

1.51%

Traditional

8.64%

Airbnb
RENTAL INCOME

$ 1,324

Traditional

$ 2,457

Airbnb

60%

Airbnb occ. rate
Elmwood
66%
PROPERTY PRICE

$242,900

Median
CASH ON CASH RETURN

0.63%

Traditional

7.92%

Airbnb
RENTAL INCOME

N/A

Traditional

$ 2,143

Airbnb

57%

Airbnb occ. rate
Hartford
70%
PROPERTY PRICE

$216,950

Median
CASH ON CASH RETURN

2.45%

Traditional

4.05%

Airbnb
RENTAL INCOME

$ 1,166

Traditional

$ 1,568

Airbnb

56%

Airbnb occ. rate

Providence Insights

Blogs

Guides and Tips

Similar Cities

North Kingstown, RI

PROPERTY PRICE

$572,006

Median
CASH ON CASH RETURN

0.19%

Traditional

4.11%

Airbnb

Newport, RI

PROPERTY PRICE

$859,667

Median
CASH ON CASH RETURN

0.14%

Traditional

3.90%

Airbnb

Providence, RI

PROPERTY PRICE

$299,314

Median
CASH ON CASH RETURN

-0.48%

Traditional

0.99%

Airbnb

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