Off-Market Property at 96 Arcadia Ave, Providence, RI, 02910
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96 Arcadia Ave, Providence, RI, 02910

$319,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $195 per day and long-term for an average of $1,900 per month, based on similar listings in the area. Estimated short-term cap rate of 3.9%. Estimated long-term cap rate of -0.4%. This lovely 2 bedroom cape style home is nestled in the convenient Park View section of Cranston and is within walking distance to Roger Williams Park, athletic fields, as well as local stores, and restaurants. This home was at one time a 3 bedroom and could easily be converted back to that set up with minimal effort. The exterior features vinyl shingles and clapboard, a private rear deck / backyard and ample off street parking. Hardwood floors extend throughout the first floor including the living room, dining room, first floor bedroom and sunken den. This home has a new forced hot air heating system and the partially finished basement offers excellent additional storage or possible bonus living space.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3689
Bedrooms
2
Bathrooms
2
SQFT
1,128
Furnished
unknown
Year built
1949
Listing Status
Off Market
MLS
1344838

Short-term Rental Potential
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$36,564

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$282

Price/SQFT

Long-term Rental Potential
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$22,800

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,900/mo

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