Investment Condo at 206 Waterman St, Providence, RI 02906 - $-9,888 Profit
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206 Waterman St, Providence, RI 02906

Unit - #2B

$439,000

Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $141 per day and long-term for an average of $2,183 per month, based on similar listings in the area. Estimated short-term cap rate of -0.4%. Estimated long-term cap rate of -2.3%. This newly remodeled condo sits right in the heart of Wayland Square, with easy access to restaurants, shopping centers and transportation. The unit offers new plumbing and electrical, brand new kitchen appliances (stove/oven, dishwasher, microwave, refrigerator), central heating/cooling, in-unit washer/dryer, a vented gas fireplace insert, fire alarm sprinkler system, live video intercom, and off-street parking in an assigned space. The open-concept layout connects the kitchen and living area. The bedroom offers abundant closet space along the entire wall with no separation. You will also be provided with a locked storage room in the basement. *Taxes are estimated based upon sale price of condo*

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$156
Rental Policy
daily
Yearly Taxes
$6179
Bedrooms
1
Bathrooms
1
SQFT
672
Furnished
N/A
Year built
1890
Listing Status
Active
MLS
1376423

Short-term Rental Potential
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$34,428

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$653

Price/SQFT

Long-term Rental Potential
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$26,196

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,183/mo

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