Off-Market Property at 7 Palou Drive Dr, Providence, RI, 02904
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7 Palou Drive Dr, Providence, RI, 02904

$535,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $274 per day and long-term for an average of $4,650 per month, based on similar listings in the area. Estimated short-term cap rate of 1.9%. Estimated long-term cap rate of 2.7%. Beautiful Raised Cape nicely tucked away on a quiet cul-de-sac. Pride of ownership displayed in the many upgrades. Mature perennials, trees, and fenced yard allow for a private retreat on the expansive composite deck. Versatile layout allows for several options on the first level, including a bedroom with a spacious closet. Second level boasts a large master bedroom, beautifully renovated bathroom, and an additional bedroom with plenty of California closets and shelves. Soaring cathedral ceilings, hardwood flooring, stainless steel appliances, central air, generator hookup, finished lower level with lavette, in-ground sprinklers, shed, and more. Close to all conveniences, highways, restaurants, etc.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6827
Bedrooms
3
Bathrooms
3
SQFT
2,250
Furnished
unknown
Year built
1991
Listing Status
Off Market
MLS
1345210

Short-term Rental Potential
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$51,108

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$237

Price/SQFT

Long-term Rental Potential
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$55,800

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,650/mo

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