Off-Market Property at 11 Hempstead St, Providence, RI, 02907
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11 Hempstead St, Providence, RI, 02907

$270,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $176 per day and long-term for an average of $3,600 per month, based on similar listings in the area. Estimated short-term cap rate of 4.6%. Estimated long-term cap rate of 8.4%. Welcome to this charming and artistic home nestled in the Elmwood/Reservoir Triangle neighborhood! Situated near Roger Williams Park and the Providence/ Cranston line, this home boasts the perfect combination of original craftsmanship, artistic flair, and newer updates. Upon entering the foyer, you'll be greeted by a delightful and surprising sense of space with an easy to navigate floor plan that allows for homeowners to easily entertain. On the second floor, this home boasts three large bedrooms and one customized bathroom, ensuring there's plenty of room for everyone in the family. The bathroom offers a clawfoot tub, separate shower and custom tiled floor. This property features new windows, a freshly painted interior and exterior, a new paved driveway, newly constructed front porch, and fresh landscaping in both front and back yards. This home has been thoughtfully updated to ensure your comfort and convenience. Come and see this roomy and affordable home today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3209
Bedrooms
3
Bathrooms
3
SQFT
1,201
Furnished
unknown
Year built
1920
Listing Status
Off Market
MLS
1346671

Short-term Rental Potential
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$32,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$224

Price/SQFT

Long-term Rental Potential
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$43,200

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,600/mo

Rent