Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 271,862

Median

2,361

Avg/Sq.ft.
CASH ON CASH RETURN

-0.02%

Traditional

1.54%

Airbnb
NUMBER OF PROPERTIES

222

Investment

155

Airbnb

975

Traditional

62%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$242,500

South Elmwood

3 beds
2 baths
1,400 sq.ft.

CASH ON CASH

Trad. 3.24%

Airbnb 13.94%

CAP RATE

Trad. 3.24%

Airbnb 13.94%

$235,000

South Elmwood

3 beds
2 baths
1,300 sq.ft.

CASH ON CASH

Trad. 2.61%

Airbnb 13.89%

CAP RATE

Trad. 2.61%

Airbnb 13.89%

$274,900

Wanskuck

3 beds
3 baths
1,560 sq.ft.

CASH ON CASH

Trad. 1.11%

Airbnb 13.79%

CAP RATE

Trad. 1.11%

Airbnb 13.79%

$205,000

Washington Park

4 beds
2 baths
1,152 sq.ft.

CASH ON CASH

Trad. N/A

Airbnb 13.68%

CAP RATE

Trad. N/A

Airbnb 13.68%

Top Providence Neighborhoods

Fox Point
66%
PROPERTY PRICE

$280,000

Median
CASH ON CASH RETURN

-0.11%

Traditional

3.07%

Airbnb
RENTAL INCOME

$ 1,762

Traditional

$ 3,069

Airbnb

74%

Airbnb occ. rate
College Hill
73%
PROPERTY PRICE

$299,999

Median
CASH ON CASH RETURN

0.75%

Traditional

1.05%

Airbnb
RENTAL INCOME

$ 2,272

Traditional

$ 2,662

Airbnb

70%

Airbnb occ. rate
Smith Hill
69%
PROPERTY PRICE

$219,900

Median
CASH ON CASH RETURN

1.80%

Traditional

6.68%

Airbnb
RENTAL INCOME

$ 1,482

Traditional

$ 2,558

Airbnb

66%

Airbnb occ. rate
Charles
70%
PROPERTY PRICE

$183,900

Median
CASH ON CASH RETURN

0.79%

Traditional

7.12%

Airbnb
RENTAL INCOME

$ 1,027

Traditional

$ 2,186

Airbnb

66%

Airbnb occ. rate
Downtown
47%
PROPERTY PRICE

$325,000

Median
CASH ON CASH RETURN

0.37%

Traditional

-0.35%

Airbnb
RENTAL INCOME

$ 1,962

Traditional

$ 2,546

Airbnb

65%

Airbnb occ. rate

Providence Insights

Blogs

Guides and Tips

Similar Cities

North Kingstown, RI

PROPERTY PRICE

$552,554

Median
CASH ON CASH RETURN

0.81%

Traditional

4.27%

Airbnb

Newport, RI

PROPERTY PRICE

$858,654

Median
CASH ON CASH RETURN

0.08%

Traditional

4.69%

Airbnb

Providence, RI

PROPERTY PRICE

$271,862

Median
CASH ON CASH RETURN

-0.02%

Traditional

1.54%

Airbnb

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