Off-Market Property at 56 Abbott St, Providence, RI, 02906
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56 Abbott St, Providence, RI, 02906

$599,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $249 per day and long-term for an average of $3,800 per month, based on similar listings in the area. Estimated short-term cap rate of 1.9%. Estimated long-term cap rate of -0.5%. Fabulous opportunity to own this one-of-a-kind historic home on the East Side of Providence. High ceilings, gorgeous stained-glass windows, and ornate woodwork truly capture the craftsmanship of the past. Features a double lot, a newer roof, newer windows, and a spacious yard. Walking distance to Hope Village, restaurants, and Lippitt Park Farmers Market! __________________________________________________________________________________________________________. This home is a Certified Pre-Owned Home™. Please see attachments for details. ***$3,428 Per Month @ 7.72% APR. * 20% Down 30-Year to those who qualify. * Taxes insurance not included. * Rates As of October 2023. * Includes buy-down rate of 1%, subject to use of seller's preferred lender. * Taxes do not reflect providence 45% homestead exemption.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$10235
Bedrooms
4
Bathrooms
2
SQFT
2,056
Furnished
unknown
Year built
1868
Listing Status
Off Market
MLS
1343929

Short-term Rental Potential
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$60,036

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$291

Price/SQFT

Long-term Rental Potential
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$45,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,800/mo

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