Off-Market Property at 53 Capitol View Ave, Providence, RI, 02908
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53 Capitol View Ave, Providence, RI, 02908

$329,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $214 per day and long-term for an average of $2,683 per month, based on similar listings in the area. Estimated short-term cap rate of 6.4%. Estimated long-term cap rate of 2.3%. Come home to this quaint 3 bedroom home located on a quiet dead end street. Entering the property down the stamped concrete walkways you can't help but stop at the front door to take in the views of lush mature trees while sitting on the oversized front porch. Upon entering the home you will be surrounded by an abundance of natural light that shines effortlessly off the newly refinished hardwood floors that carry throughout the home. Finishing out the first floor you'll appreciate the galley style kitchen that has been updated in the last 10 years that connects right to the dining area. Off the dining area you'll notice a large oversized back deck that has been freshly stained. The deck over looks the manageable yard as well as a detached 1 car garage that is perfect for any of your storage needs. On the 2nd floor you'll come across 3 nice size bedrooms and a full bathroom with a tub. Finishing out the home is a semi finished lower level with a bathroom. Home was always well cared for and it shows throughout.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3312
Bedrooms
3
Bathrooms
2
SQFT
1,090
Furnished
unknown
Year built
1930
Listing Status
Off Market
MLS
1347470

Short-term Rental Potential
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$45,684

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$302

Price/SQFT

Long-term Rental Potential
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$32,196

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,683/mo

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