Off-Market Property at 23 Brookside Dr, Providence, RI, 02910
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23 Brookside Dr, Providence, RI, 02910

$349,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $216 per day and long-term for an average of $3,300 per month, based on similar listings in the area. Estimated short-term cap rate of 4.1%. Estimated long-term cap rate of 3.8%. Charm and character best describe this spacious 3 bed 1.5 bath Colonial featuring an eat in kitchen with granite counters and stainless appliances, fireplaced living, hardwoods, generous size formal dining that opens up to a spacious family room with a cathedral ceiling, bar and walkout to the back yard. Add in six panel doors, chair rail, crown molding, updated furnace, windows and electrical service, 2 car garage and a corner lot for additional parking. A little bit of cosmetic updating gives you a beautiful home. Walk to elementary and high school in just minutes. Conveniently located to everything you need and easy access to Rt.10 and 95. Bang for your buck!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3876
Bedrooms
3
Bathrooms
2
SQFT
1,924
Furnished
unknown
Year built
1940
Listing Status
Off Market
MLS
1350130

Short-term Rental Potential
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$40,740

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$181

Price/SQFT

Long-term Rental Potential
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$39,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,300/mo

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