Off-Market Property at 29 Sunset Ter, Providence, RI, 02905
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29 Sunset Ter, Providence, RI, 02905

$375,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $242 per day and long-term for an average of $2,710 per month, based on similar listings in the area. Estimated short-term cap rate of 4.3%. Estimated long-term cap rate of 1.1%. Welcome to your charming Cape Cod-style home in Cranston. This delightful 3-bedroom home offers a perfect blend of comfort, convenience, and character. The master bedroom is conveniently located on the first floor, providing ease and accessibility. Two additional bedrooms are upstairs, ensuring ample space for family, guests, or a home office. The fireplaced living room invites cozy gatherings and relaxation, while the mudroom/breezeway effortlessly connects the one-car garage to the kitchen's back door, providing seamless entry and exit regardless of the weather. There is also a dining room off of the kitchen that could also be turned into whatever purpose you need most. The attractive exterior boasts a combination of brick and shingle vinyl siding, offering both durability and curb appeal. Detailed wood molding accents the interior, adding character and craftsmanship. Located less than half a mile from the picturesque Roger Williams Park and with easy access to nearby highways, this location is superb. Looking for additional space? The basement offers endless possibilities with half already framed and ready to be finished, providing potential for extra living space, a recreation area, or a home gym.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4377
Bedrooms
3
Bathrooms
2
SQFT
1,075
Furnished
unknown
Year built
1948
Listing Status
Off Market
MLS
1354635

Short-term Rental Potential
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$44,520

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$348

Price/SQFT

Long-term Rental Potential
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$32,520

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,710/mo

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