Providence Investment Analysis
Investment Property in Providence, RI
Providence, RI Real Estate Investment Performance
$ 544,000
Median
2,270
Avg/Sq.ft.
4.00%
Traditional
3.00%
Airbnb
126
Investment
1,923
Airbnb
479
Traditional
61%
Airbnb occupancy rate
Providence, RI Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Providence, RI
$300,000
MLS 1370611
Single Family Residential
CAP RATE
Trad.
6.93%
Airbnb
8.43%
$329,900
MLS 1372833
Single Family Residential
CAP RATE
Trad.
6.00%
Airbnb
7.88%
$279,900
MLS 1376740
Single Family Residential
CAP RATE
Trad.
6.02%
Airbnb
7.80%
$1,095,000
MLS 1373613
Multi Family
CAP RATE
Trad.
4.10%
Airbnb
7.43%
$1,200,000
MLS 1376072
Multi Family
CAP RATE
Trad.
1.70%
Airbnb
7.24%
$355,000
MLS 1376587
Single Family Residential
CAP RATE
Trad.
5.95%
Airbnb
7.04%
$375,000
MLS 1376854
Single Family Residential
CAP RATE
Trad.
4.38%
Airbnb
6.73%
$359,900
MLS 73298693
Single Family Residential
CAP RATE
Trad.
5.02%
Airbnb
6.57%
Single Family Houses for Sale in Providence, RI
$300,000
MLS 1370611
Single Family Residential
CAP RATE
Trad.
6.93%
Airbnb
8.43%
$329,900
MLS 1372833
Single Family Residential
CAP RATE
Trad.
6.00%
Airbnb
7.88%
$279,900
MLS 1376740
Single Family Residential
CAP RATE
Trad.
6.02%
Airbnb
7.80%
$355,000
MLS 1376587
Single Family Residential
CAP RATE
Trad.
5.95%
Airbnb
7.04%
$375,000
MLS 1376854
Single Family Residential
CAP RATE
Trad.
4.38%
Airbnb
6.73%
$359,900
MLS 73298693
Single Family Residential
CAP RATE
Trad.
5.02%
Airbnb
6.57%
$375,000
MLS 1374298
Single Family Residential
CAP RATE
Trad.
5.65%
Airbnb
6.46%
$299,900
MLS 1372951
Single Family Residential
CAP RATE
Trad.
5.87%
Airbnb
6.40%
Multi Family Houses for sale in Providence, RI
$1,095,000
MLS 1373613
Multi Family
CAP RATE
Trad.
4.10%
Airbnb
7.43%
$1,200,000
MLS 1376072
Multi Family
CAP RATE
Trad.
1.70%
Airbnb
7.24%
$464,900
MLS 1372414
Multi Family
CAP RATE
Trad.
5.22%
Airbnb
4.76%
$534,900
MLS 1375891
Multi Family
CAP RATE
Trad.
5.43%
Airbnb
4.01%
$499,900
MLS 1374893
Multi Family
CAP RATE
Trad.
4.49%
Airbnb
3.80%
$346,365
MLS 73222823
Multi Family
CAP RATE
Trad.
10.39%
Airbnb
3.80%
$430,000
MLS 1375795
Multi Family
CAP RATE
Trad.
6.24%
Airbnb
3.31%
$549,900
MLS 1376932
Multi Family
CAP RATE
Trad.
3.91%
Airbnb
3.27%
Condos for Sale in Providence, RI
$399,000
MLS 1375085
Condo/Coop
CAP RATE
Trad.
3.45%
Airbnb
6.23%
$300,000
MLS 1376267
Condo/Coop
CAP RATE
Trad.
2.32%
Airbnb
6.09%
$320,000
MLS 1375842
Condo/Coop
CAP RATE
Trad.
3.39%
Airbnb
5.41%
$400,000
MLS 1376801
Condo/Coop
CAP RATE
Trad.
2.16%
Airbnb
4.86%
$449,000
MLS 1371629
Condo/Coop
CAP RATE
Trad.
1.86%
Airbnb
4.58%
$299,900
MLS 1375325
Condo/Coop
CAP RATE
Trad.
3.90%
Airbnb
4.52%
$345,000
MLS 1374103
Condo/Coop
CAP RATE
Trad.
5.94%
Airbnb
4.29%
$379,900
MLS 1375822
Condo/Coop
CAP RATE
Trad.
2.93%
Airbnb
3.72%
Top Providence, RI Neighborhoods - Real Estate Market Analysis
Reservoir
$384,500
Median for city
1.17%
Traditional
N/A
Airbnb
$ 1,675
Traditional
$ 1,691
Airbnb
60%
Airbnb occupancy rate
Hartford
$384,500
Median for city
9.10%
Traditional
13.68%
Airbnb
$ 1,498
Traditional
$ 3,077
Airbnb
58%
Airbnb occupancy rate
Elmwood
$384,500
Median for city
3.36%
Traditional
8.06%
Airbnb
$ 1,796
Traditional
$ 3,722
Airbnb
57%
Airbnb occupancy rate
Mount Pleasant
$384,500
Median for city
4.07%
Traditional
N/A
Airbnb
$ 1,564
Traditional
$ 2,969
Airbnb
55%
Airbnb occupancy rate
Washington Park
$384,500
Median for city
4.11%
Traditional
5.78%
Airbnb
$ 1,636
Traditional
$ 3,366
Airbnb
58%
Airbnb occupancy rate
Lower South Providence
$384,500
Median for city
0.79%
Traditional
3.70%
Airbnb
$ 1,515
Traditional
$ 3,779
Airbnb
57%
Airbnb occupancy rate
Valley
$384,500
Median for city
4.63%
Traditional
0.56%
Airbnb
$ 2,249
Traditional
$ 1,760
Airbnb
67%
Airbnb occupancy rate
Charles
$384,500
Median for city
1.67%
Traditional
4.86%
Airbnb
$ 1,539
Traditional
$ 2,877
Airbnb
55%
Airbnb occupancy rate
Manton
$384,500
Median for city
6.60%
Traditional
5.95%
Airbnb
$ 1,838
Traditional
$ 3,021
Airbnb
55%
Airbnb occupancy rate
Elmhurst
$384,500
Median for city
1.95%
Traditional
2.75%
Airbnb
$ 1,826
Traditional
$ 3,058
Airbnb
54%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Providence, RI
$73 per night
Airbnb occupancy rate 85%
Apartment 1 · 1 · 2
Rental Income: $1,898 per month
694
$177 per night
Airbnb occupancy rate 83%
Condominium 1 · 1 · 4
Rental Income: $4,484 per month
670
$145 per night
Airbnb occupancy rate 77%
Condominium 1 · 1 · 4
Rental Income: $3,408 per month
628
$112 per night
Airbnb occupancy rate 77%
Loft 1 · 1 · 2
Rental Income: $2,623 per month
580
$131 per night
Airbnb occupancy rate 60%
Apartment null · 1 · 2
Rental Income: $2,402 per month
573
$166 per night
Airbnb occupancy rate 60%
Apartment 2 · 1 · 5
Rental Income: $3,030 per month
547
$103 per night
Airbnb occupancy rate 88%
Apartment 1 · 1 · 2
Rental Income: $2,755 per month
547
$265 per night
Airbnb occupancy rate 70%
Apartment 1 · 1 · 4
Rental Income: $5,631 per month
536
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 | |||
| Warwick | $459,000 | 5% | 5% | $2,920 | $3,813 | 99 | 66% |
| Cranston | $499,900 | 4% | 3% | $3,148 | $3,380 | 95 | 60% |
| Pawtucket | $380,000 | 5% | 4% | $2,778 | $2,909 | 57 | 66% |
| Newport | $1,195,000 | 1% | 2% | $3,580 | $5,508 | 48 | 58% |
| Coventry | $499,450 | 4% | 5% | $3,215 | $4,252 | 48 | 70% |
| West Warwick | $439,900 | 5% | 5% | $3,034 | $4,064 | 47 | 72% |
| North Providence | $399,500 | 5% | 3% | $2,791 | $2,892 | 35 | 54% |
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