Investment Property at 43 Eldorado St, Providence, RI 02910 - $16,200 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $219 per day and long-term for an average of $2,150 per month, based on similar listings in the area. Estimated short-term cap rate of 3.6%. Estimated long-term cap rate of -1.5%. Welcome to 43 Eldorado St, a beautifully remodeled 3 bedroom Ranch home in the sought-after Park View/Edgewood neighborhood in Cranston RI. Thoughtfully updated inside and out, this move-in-ready gem blends modern upgrades with classic charm. You will be met with bright and inviting living spaces, with beautifully refinished oak hardwood floors flow throughout. The brand-new gourmet kitchen is a showstopper, featuring sleek granite countertops, stylish new cabinetry, and new stainless steel appliances ideal for any budding gourmet chef hosting large gatherings and entertaining year-round. The recently renovated bathroom features contemporary finishes and all new fixtures. Additional upgrades include new light fixtures, completely refreshed interior and exterior, enhancing both energy-efficiency siding, windows and curb appeal. Enjoy the benefit of having additional renovated living space in the lower level for media/playroom or home office space. Prime location just a couple blocks to Park Middle School and Roger Williams Park, offering scenic biking and hiking trails, playgrounds, and the Zoo and easy highway access to I-95, Rt 10. Just a short distance to historic Pawtuxet Village shops and restaurant scene, 10min to downtown Providence and Amtrak/MBTA commuter to Boston.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3811
Bedrooms
3
Bathrooms
1
SQFT
1,170
Furnished
N/A
Year built
1963
Listing Status
Active
MLS
1379271

Short-term Rental Potential
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$48,684

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$383

Price/SQFT

Long-term Rental Potential
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$25,800

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,150/mo

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