Off-Market Property at 17 Jastram St, Providence, RI, 02908
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17 Jastram St, Providence, RI, 02908

$399,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $138 per day and long-term for an average of $2,236 per month, based on similar listings in the area. Estimated short-term cap rate of -2.1%. Estimated long-term cap rate of -1.0%. Picture perfect 1950's storybook ranch located in the Elmhurst neighborhood of Providence. Step into this highly styled property, and you are instantly home. The open floor plan floods the property with light, and the high ceiling height adds to the comfort level of this home. The fireplaced livingroom is open to the dining area and newly remodeled kitchen, which makes a perfect place for entertaining. The kitchen has quartz countertops, new cabinets, and a kitchen island complete with stainless steel appliances and a designer backsplash. Washer and dryer is located right off the kitchen, making this truly one level living. Two generous bedrooms and a spa like full bath with separate tub and shower complete the first floor. The lower level has been finished and makes a great family room, office and/or gym. A bath and laundry room complete the lower level. Step out your backdoor onto your covered porch. Your fenced city yard has planting that will delight you in the spring season. This property is move in ready waiting for it's new owners.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5344
Bedrooms
2
Bathrooms
2
SQFT
1,234
Furnished
unknown
Year built
1953
Listing Status
Off Market
MLS
1348935

Short-term Rental Potential
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$22,596

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$323

Price/SQFT

Long-term Rental Potential
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$26,832

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,236/mo

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