Off-Market Property at 20 Ninth St, Providence, RI, 02906
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20 Ninth St, Providence, RI, 02906

$569,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $195 per day and long-term for an average of $3,518 per month, based on similar listings in the area. Estimated short-term cap rate of 1.0%. Estimated long-term cap rate of -0.4%. Welcome to 20 Ninth St, located in the Summit neighborhood of the East Side. This wonderful home blends period details with modern updates! Upon entering the living room you are greeted by original hardwood floors highlighted by large windows. The living room radiates warmth and welcome, featuring a fireplace beautifully encased in its original mantle, adding a touch of historic charm to the space. The layout conveniently places a bedroom and full bathroom on the first floor while the second floor accommodates two more bedrooms and another full bathroom. The kitchen and dining area are the heart of this home, where you'll find a spacious kitchen with a vaulted ceiling. Adjacent to the kitchen is an additional family room that features a slider door which opens up to the fenced backyard, a great spot for outdoor activities or just enjoying the day. Great location with easy access to Hope Village, Lippitt Park, and a variety of local markets, restaurants, and shops. Enjoy the convenience of being close to public transport options making your commute a breeze.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7957
Bedrooms
3
Bathrooms
2
SQFT
1,569
Furnished
unknown
Year built
1884
Listing Status
Off Market
MLS
1353718

Short-term Rental Potential
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$49,752

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$362

Price/SQFT

Long-term Rental Potential
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$42,216

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,518/mo

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