Off-Market Condo: 3 at 202 Rochambeau Ave, Providence, RI 02906

202 Rochambeau Ave, Providence, RI 02906

- #3

$400,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $166 per day and long-term for an average of $2,338 per month, based on similar listings in the area. Estimated short-term cap rate of 1.5%. Estimated long-term cap rate of -1.7%. Near the corner of Hope and Rochambeau sits this hip, third floor condominium. This spacious unit has an amazing front porch where you can sit and enjoy the sunshine and the views of the neighborhood. On these blistery cold winter days, you'll sure be glad to have a brand new HVAC system to keep you warm and toasty. A washer and dryer right in your unit means no lugging laundry up and down the stairs. Lastly, not only do you have off-street parking, but your parking space is in the detached garage. You can't ask for much more! This association has flexible rental terms making this condominium desirable for both an owner-occupant or an investor. Reach out for more details and to schedule a private showing.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$250
Rental Policy
daily
Yearly Taxes
$6380
Bedrooms
2
Bathrooms
1
SQFT
1,034
Furnished
N/A
Year built
1910
Listing Status
Off Market
MLS
1376801

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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$386

Price/SQFT

Long-term Rental Potential
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$28,056

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,338/mo

Rent