Investment Property at 154 Camden Ave, Providence, RI 02908 - $20,796 Profit
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154 Camden Ave, Providence, RI 02908

$349,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $197 per day and long-term for an average of $2,414 per month, based on similar listings in the area. Estimated short-term cap rate of 6.0%. Estimated long-term cap rate of 1.4%. Welcome to this inviting single-family home, offering a perfect blend of comfort and convenience. Featuring 3 spacious bedrooms, 2 bathrooms, and beautiful hardwood and ceramic flooring throughout, this property is truly move-in ready! The charming eat-in kitchen provides plenty of space for family meals, with easy access to the backyard for outdoor enjoyment. The fully finished basement adds additional living space, including an extra bedroom and bathroom perfect for guests, a home office, or a cozy retreat. Enjoy a large, paved patio and driveway, offering plenty of room for outdoor activities. A garage adds even more convenience and storage space. Eco-friendly solar panels, helping you save on energy costs while reducing your carbon footprint. This home is ideally located near everything you need with easy access to highways, shopping, schools, and houses of worship. You'll be just minutes from Providence College, downtown Providence, and more! Whether you're commuting or enjoying local amenities, this location has it all. This home is an absolute must-see! Based on a $349,000 sales price and the rate on the community lending program today: THIS HOUSE QUALIFIES FOR A 4.5% RATE WHICH HAS AN ESTIMATED PAYMENT OF $1715 A MONTH.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1730
Bedrooms
3
Bathrooms
2
SQFT
1,331
Furnished
N/A
Year built
1930
Listing Status
Active
MLS
1379236

Short-term Rental Potential
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$44,808

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$262

Price/SQFT

Long-term Rental Potential
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$28,968

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,414/mo

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