Providence Investment Analysis

Investment Property in Providence, RI

Providence Investment Performance

PROPERTY SALE PRICE

$ 249,078

Median

1,799

Avg/Sq.ft.
CASH ON CASH RETURN

1.38%

Traditional

0.45%

Airbnb
NUMBER OF PROPERTIES

234

Investment

163

Airbnb

572

Traditional

41%

Airbnb occ. rate

Providence Rent Prices

Top Providence Active Investment Properties

$220,000

163 Cypress Street #2

Mount Hope

2 beds
2 baths
1,360 sq.ft.

CASH ON CASH

Trad. 0.98%

Airbnb 12.76%

CAP RATE

Trad. 5.78%

Airbnb 20.51%

$129,900

54 Gladstone Avenue

Elmwood

3 beds
1 baths
1,344 sq.ft.

CASH ON CASH

Trad. 1.85%

Airbnb 10.37%

CAP RATE

Trad. 8.73%

Airbnb 19.39%

$296,000

715 Westminster Street #2

Federal Hill

3 beds
2 baths
1,700 sq.ft.

CASH ON CASH

Trad. 1.09%

Airbnb 10.16%

CAP RATE

Trad. 5.47%

Airbnb 16.82%

$113,000

100 Fillmore Street

Smith Hill

2 beds
1 baths
832 sq.ft.

CASH ON CASH

Trad. 2.88%

Airbnb 8.75%

CAP RATE

Trad. 9.70%

Airbnb 17.03%

Top Providence Neighborhoods

Fox Point
CASH ON CASH RETURN

2.77%

Traditional

9.24%

Airbnb
PROPERTY PRICE

$269,900

Median
RENTAL INCOME

$ 1,615

Traditional

$ 2,934

Airbnb

50%

Airbnb occ. rate
Smith Hill
CASH ON CASH RETURN

1.53%

Traditional

1.57%

Airbnb
PROPERTY PRICE

$239,000

Median
RENTAL INCOME

$ 1,331

Traditional

$ 1,219

Airbnb

46%

Airbnb occ. rate
Blackstone
CASH ON CASH RETURN

4.53%

Traditional

2.41%

Airbnb
PROPERTY PRICE

$191,200

Median
RENTAL INCOME

$ 1,509

Traditional

$ 2,773

Airbnb

46%

Airbnb occ. rate
Federal Hill
CASH ON CASH RETURN

0.35%

Traditional

2.36%

Airbnb
PROPERTY PRICE

$249,900

Median
RENTAL INCOME

$ 1,342

Traditional

$ 2,352

Airbnb

45%

Airbnb occ. rate
Mount Hope
CASH ON CASH RETURN

0.52%

Traditional

3.80%

Airbnb
PROPERTY PRICE

$239,900

Median
RENTAL INCOME

$ 1,260

Traditional

$ 1,970

Airbnb

39%

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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