Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 221,125

Median

1,253

Avg/Sq.ft.
CASH ON CASH RETURN

2.75%

Traditional

1.36%

Airbnb
NUMBER OF PROPERTIES

83

Investment

180

Airbnb

552

Traditional

35%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$160,000

1260 Smith Street

Elmhurst

3 beds
1 baths
952 sq.ft.

CASH ON CASH

Trad. 6.89%

Airbnb 17.26%

CAP RATE

Trad. 11.79%

Airbnb 22.82%

$219,900

140 MODENA Avenue

Elmhurst

3 beds
2 baths
1,360 sq.ft.

CASH ON CASH

Trad. 4.63%

Airbnb 12.17%

CAP RATE

Trad. 8.58%

Airbnb 16.60%

$76,000

73 Camden Avenue

Smith Hill

2 beds
1 baths
786 sq.ft.

CASH ON CASH

Trad. 9.24%

Airbnb 11.24%

CAP RATE

Trad. 17.92%

Airbnb 20.04%

$229,900

25 Compton Street

Elmhurst

3 beds
1 baths
1,125 sq.ft.

CASH ON CASH

Trad. 3.50%

Airbnb 10.72%

CAP RATE

Trad. 8.20%

Airbnb 15.88%

Top Providence Neighborhoods

Federal Hill
CASH ON CASH RETURN

0.50%

Traditional

4.40%

Airbnb
PROPERTY PRICE

$165,000

Median
RENTAL INCOME

$ 1,328

Traditional

$ 1,748

Airbnb

47%

Airbnb occ. rate
Elmhurst
CASH ON CASH RETURN

4.00%

Traditional

11.24%

Airbnb
PROPERTY PRICE

$229,900

Median
RENTAL INCOME

$ 1,499

Traditional

$ 3,148

Airbnb

46%

Airbnb occ. rate
Fox Point
CASH ON CASH RETURN

2.08%

Traditional

4.55%

Airbnb
PROPERTY PRICE

$199,000

Median
RENTAL INCOME

$ 1,757

Traditional

$ 1,799

Airbnb

45%

Airbnb occ. rate
Mount Hope
CASH ON CASH RETURN

1.10%

Traditional

0.06%

Airbnb
PROPERTY PRICE

$359,900

Median
RENTAL INCOME

$ 1,242

Traditional

$ 993

Airbnb

33%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

4.85%

Traditional

4.69%

Airbnb
PROPERTY PRICE

$184,900

Median
RENTAL INCOME

$ 1,314

Traditional

$ 942

Airbnb

33%

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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