Providence Investment Analysis

Investment Property in Providence, RI

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Providence, RI Real Estate Investment Performance

PROPERTY SALE PRICE

$551,737

Median

2,350

Avg/Sq.ft.
CASH ON CASH RETURN

4.00%

Traditional

N/A

Airbnb
NUMBER OF PROPERTIES

860

Investment

3,185

Airbnb

276

Traditional

30%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

362

Number of homes sold

30

Median days on market

100%

Average sale-to-list price ratio

22%

Percentage of listings with price drops

860

Active listings count

542

New listings count

3.4

Months of supply

Providence, RI Properties Rental Prices

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Providence, RI

Investment Properties for Sale
$252,000
MLS 73459065
South Elmwood
Single Family Residential
4 beds 2 baths 1,980 sq.ft.
CAP RATE Trad. 11.57% Airbnb 8.38%
Investment Properties for Sale
$179,000
MLS 1423241
Elmwood
Other
8 beds N/A baths N/A sq.ft.
CAP RATE Trad. 4.94% Airbnb 6.57%
Investment Properties for Sale
$199,000
MLS 1425935
South Elmwood
Single Family Residential
3 beds 1 baths 1,092 sq.ft.
CAP RATE Trad. 9.34% Airbnb 6.50%
Investment Properties for Sale
$375,000
MLS 1424794
Charles
Other
5 beds 3 baths 1,437 sq.ft.
CAP RATE Trad. 7.75% Airbnb 5.81%
Investment Properties for Sale
$450,000
MLS 1423920
Mount Hope
Single Family Residential
5 beds 2 baths 1,560 sq.ft.
CAP RATE Trad. 4.61% Airbnb 5.40%
Investment Properties for Sale
$525,000
MLS 1412773
Wanskuck
Other
9 beds 3 baths 3,816 sq.ft.
CAP RATE Trad. 5.80% Airbnb 5.18%
Investment Properties for Sale
$499,999
MLS 1424589
Silverlake
Single Family Residential
5 beds 2 baths 1,168 sq.ft.
CAP RATE Trad. 4.67% Airbnb 4.64%
Investment Properties for Sale
$200,000
MLS 1420439
Charles
Other
N/A beds N/A baths N/A sq.ft.
CAP RATE Trad. 4.29% Airbnb 4.41%

Single Family Houses for Sale in Providence, RI

Investment Properties for Sale
$252,000
MLS 73459065
South Elmwood
Single Family Residential
4 beds 2 baths 1,980 sq.ft.
CAP RATE Trad. 11.57% Airbnb 8.38%
Investment Properties for Sale
$199,000
MLS 1425935
South Elmwood
Single Family Residential
3 beds 1 baths 1,092 sq.ft.
CAP RATE Trad. 9.34% Airbnb 6.50%
Investment Properties for Sale
$450,000
MLS 1423920
Mount Hope
Single Family Residential
5 beds 2 baths 1,560 sq.ft.
CAP RATE Trad. 4.61% Airbnb 5.40%
Investment Properties for Sale
$499,999
MLS 1424589
Silverlake
Single Family Residential
5 beds 2 baths 1,168 sq.ft.
CAP RATE Trad. 4.67% Airbnb 4.64%
Investment Properties for Sale
$699,900
MLS 1421644
Wanskuck
Single Family Residential
5 beds 4 baths 1,934 sq.ft.
CAP RATE Trad. 4.90% Airbnb 3.82%
Investment Properties for Sale
$385,000
MLS 1419438
Washington Park
Single Family Residential
5 beds 2 baths 1,600 sq.ft.
CAP RATE Trad. 7.54% Airbnb 3.70%
Investment Properties for Sale
$625,000
MLS 1427949
Elmhurst
Single Family Residential
5 beds 4 baths 1,951 sq.ft.
CAP RATE Trad. 5.62% Airbnb 3.58%
Investment Properties for Sale
$399,000
MLS 1417813
West End
Single Family Residential
5 beds 3 baths 1,584 sq.ft.
CAP RATE Trad. 6.32% Airbnb 3.53%

Multi Family Houses for sale in Providence, RI

Investment Properties for Sale
$650,000
MLS 1421578
Elmhurst
Multi Family
7 beds 3 baths 3,082 sq.ft.
CAP RATE Trad. 4.06% Airbnb 2.27%
Investment Properties for Sale
$599,000
MLS 1421105
Olneyville
Multi Family
6 beds 2 baths 2,760 sq.ft.
CAP RATE Trad. 3.63% Airbnb 1.88%
Investment Properties for Sale
$599,000
MLS 1424499
Olneyville
Multi Family
8 beds 3 baths 1,898 sq.ft.
CAP RATE Trad. 3.63% Airbnb 1.88%
Investment Properties for Sale
$599,899
MLS 1427120
Olneyville
Multi Family
6 beds 2 baths 2,112 sq.ft.
CAP RATE Trad. 3.40% Airbnb 1.87%
Investment Properties for Sale
$499,900
MLS 1422260
West End
Multi Family
4 beds 2 baths 1,750 sq.ft.
CAP RATE Trad. 4.37% Airbnb 1.49%
Investment Properties for Sale
$649,900
MLS 1425225
Washington Park
Multi Family
6 beds 3 baths 2,558 sq.ft.
CAP RATE Trad. 3.79% Airbnb 0.60%
Investment Properties for Sale
$995,000
MLS 1424419
Elmhurst
Multi Family
12 beds 3 baths 4,500 sq.ft.
CAP RATE Trad. 1.75% Airbnb 0.57%
Investment Properties for Sale
$759,900
MLS 1424298
Valley
Multi Family
8 beds 4 baths 4,056 sq.ft.
CAP RATE Trad. 4.64% Airbnb 0.33%

Condos for Sale in Providence, RI

Investment Properties for Sale
$385,000
MLS 1421744
Fox Point
Condo/Coop
2 beds 1 baths 838 sq.ft.
CAP RATE Trad. 2.16% Airbnb 1.58%
Investment Properties for Sale
$275,000
MLS 1417390
West End
Condo/Coop
3 beds 1 baths 986 sq.ft.
CAP RATE Trad. 5.30% Airbnb 1.51%
Investment Properties for Sale
$425,000
MLS 1424850
Wayland
Condo/Coop
2 beds 1 baths 1,110 sq.ft.
CAP RATE Trad. 2.11% Airbnb 1.13%
Investment Properties for Sale
$439,000
MLS 1426610
Wayland
Condo/Coop
2 beds 1 baths 1,110 sq.ft.
CAP RATE Trad. 1.97% Airbnb 1.10%
Investment Properties for Sale
$459,900
MLS 1423473
Fox Point
Condo/Coop
3 beds 1 baths 1,005 sq.ft.
CAP RATE Trad. 2.33% Airbnb 1.06%
Investment Properties for Sale
$165,000
MLS 1423248
Elmwood
Condo/Coop
2 beds 1 baths 1,383 sq.ft.
CAP RATE Trad. 8.24% Airbnb 0.98%
Investment Properties for Sale
$554,000
MLS 1427140
Fox Point
Condo/Coop
2 beds 2 baths 1,084 sq.ft.
CAP RATE Trad. 1.54% Airbnb 0.78%
Investment Properties for Sale
$215,000
MLS 1420855
Smith Hill
Condo/Coop
1 beds 1 baths 426 sq.ft.
CAP RATE Trad. 2.63% Airbnb 0.77%

Townhouses for Sale in Providence, RI

Investment Properties for Sale
$268,351
MLS 1413622
Elmwood
Townhouse
3 beds 2 baths 1,344 sq.ft.
CAP RATE Trad. 6.02% Airbnb 1.30%
Investment Properties for Sale
$649,000
MLS 1419544
Fox Point
Townhouse
3 beds 2 baths 1,600 sq.ft.
CAP RATE Trad. 2.17% Airbnb -0.10
Investment Properties for Sale
$400,000
MLS 1425505
College Hill
Townhouse
2 beds 1 baths 818 sq.ft.
CAP RATE Trad. 1.02% Airbnb -0.26
Investment Properties for Sale
$895,000
MLS 1423959
College Hill
Townhouse
5 beds 4 baths 2,713 sq.ft.
CAP RATE Trad. 2.33% Airbnb -0.37
Investment Properties for Sale
$579,000
MLS 1424213
Fox Point
Townhouse
2 beds 3 baths 1,690 sq.ft.
CAP RATE Trad. 1.40% Airbnb -0.73
Investment Properties for Sale
$495,000
MLS 1424955
Hope
Townhouse
2 beds 2 baths 1,406 sq.ft.
CAP RATE Trad. 2.08% Airbnb -0.86
Investment Properties for Sale
$509,900
MLS 1420309
West End
Townhouse
3 beds 3 baths 1,716 sq.ft.
CAP RATE Trad. 3.33% Airbnb -0.97
Investment Properties for Sale
$825,000
MLS 1416020
Downtown
Townhouse
2 beds 3 baths 2,078 sq.ft.
CAP RATE Trad. 1.68% Airbnb -1.06

Top Providence, RI Neighborhoods - Real Estate Market Analysis

Reservoir
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.17%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,675

Traditional

$ 1,691

Airbnb
 

60%

Airbnb occupancy rate
Hartford
PROPERTY PRICE

$384,500

Median for city
CAP RATE

9.10%

Traditional

13.68%

Airbnb
RENTAL INCOME

$ 1,498

Traditional

$ 3,077

Airbnb
 

58%

Airbnb occupancy rate
Elmwood
PROPERTY PRICE

$384,500

Median for city
CAP RATE

3.36%

Traditional

8.06%

Airbnb
RENTAL INCOME

$ 1,796

Traditional

$ 3,722

Airbnb
 

57%

Airbnb occupancy rate
Mount Pleasant
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.07%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,564

Traditional

$ 2,969

Airbnb
 

55%

Airbnb occupancy rate
Washington Park
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.11%

Traditional

5.78%

Airbnb
RENTAL INCOME

$ 1,636

Traditional

$ 3,366

Airbnb
 

58%

Airbnb occupancy rate
Lower South Providence
PROPERTY PRICE

$384,500

Median for city
CAP RATE

0.79%

Traditional

3.70%

Airbnb
RENTAL INCOME

$ 1,515

Traditional

$ 3,779

Airbnb
 

57%

Airbnb occupancy rate
Valley
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.63%

Traditional

0.56%

Airbnb
RENTAL INCOME

$ 2,249

Traditional

$ 1,760

Airbnb
 

67%

Airbnb occupancy rate
Charles
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.67%

Traditional

4.86%

Airbnb
RENTAL INCOME

$ 1,539

Traditional

$ 2,877

Airbnb
 

55%

Airbnb occupancy rate
Manton
PROPERTY PRICE

$384,500

Median for city
CAP RATE

6.60%

Traditional

5.95%

Airbnb
RENTAL INCOME

$ 1,838

Traditional

$ 3,021

Airbnb
 

55%

Airbnb occupancy rate
Elmhurst
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.95%

Traditional

2.75%

Airbnb
RENTAL INCOME

$ 1,826

Traditional

$ 3,058

Airbnb
 

54%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Providence, RI

Clean Studio Apartment on Federal Hill, Providence
$67 per night Airbnb occupancy rate 48%
Apartment 1 · 1 · 2
Rental Income: $977 per month
4.82
904
“New England Scholar”-style retreat, walk to Brown
$178 per night Airbnb occupancy rate 57%
Apartment 1 · 1 · 4
Rental Income: $3,071 per month
4.8
807
Quintessential New England loft next to Brown/RISD
$159 per night Airbnb occupancy rate 49%
Apartment 1 · 1 · 4
Rental Income: $2,385 per month
4.78
731
CLEAN & Modern | Walk Everywhere | Central Local
$144 per night Airbnb occupancy rate 36%
Apartment 1 · 1 · 2
Rental Income: $1,572 per month
4.87
696
*THE POLO ROOM* | Stay in Class | Central Location
$191 per night Airbnb occupancy rate 38%
Apartment 2 · 1 · 5
Rental Income: $2,212 per month
4.94
695
Clean Studio Apt. #5 on Federal Hill, Providence
$69 per night Airbnb occupancy rate 34%
Apartment 1 · 1 · 2
Rental Income: $719 per month
4.81
692
Clean Studio Apartment on Federal Hill, Providence
$71 per night Airbnb occupancy rate 52%
Apartment 1 · 1 · 2
Rental Income: $1,118 per month
4.83
679
PVDCoop:  Artsy Cozy, Close, East Side Apt.
$205 per night Airbnb occupancy rate 42%
Apartment 1 · 1 · 4
Rental Income: $2,597 per month
4.89
635

Real Estate Investment Analysis - Other Cities in rhode island

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Portsmouth $310,000 2% 1% $3,610 $3,239 277 29%
Warwick $449,950 4% 3% $2,814 $3,298 152 36%
Cranston $499,900 4% 1% $3,074 $1,697 105 32%
Pawtucket $469,900 5% 1% $3,174 $1,806 85 33%
Coventry $475,000 5% 2% $2,907 $2,111 77 32%
View all rhode island cities
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