Investment Property at 176 Warwick Ave, Providence, RI 02905 - $26,160 Profit
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176 Warwick Ave, Providence, RI 02905

$369,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $237 per day and long-term for an average of $2,467 per month, based on similar listings in the area. Estimated short-term cap rate of 7.1%. Estimated long-term cap rate of 0.7%. Step into this delightful single-family cottage that perfectly blends charm and functionality! Featuring 3 spacious bedrooms and 1.5 bathrooms, this home is designed for comfortable living. The bright kitchen showcases white cabinetry and sleek stainless-steel appliances. separate dining and living rooms, which lead out to a generous deck overlooking a large, fenced-in backyard perfect for outdoor gatherings or playtime. The second floor hosts all three bedrooms, providing a tranquil retreat, while the enclosed front porch adds character and additional space for relaxation. This home also includes a convenient 2-car integral garage plus 2 extra parking spots, ensuring you'll never worry about parking. The basement offers ample storage and washer/dryer hookups for your convenience. Ideally located with easy access to I-95 and Route 10, minutes from Roger Williams Park, local coffee shops, restaurants, hospitals, and universities. Don't miss your chance to own this charming home Schedule a showing today, as it won't be on the market for long!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3425
Bedrooms
3
Bathrooms
2
SQFT
1,300
Furnished
N/A
Year built
1929
Listing Status
Active
MLS
1379962

Short-term Rental Potential
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$53,148

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$283

Price/SQFT

Long-term Rental Potential
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$29,604

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,467/mo

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