Off-Market Property at 226 Roger Williams Ave, Providence, RI 02907
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226 Roger Williams Ave, Providence, RI 02907

$389,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $174 per day and long-term for an average of $1,942 per month, based on similar listings in the area. Estimated short-term cap rate of 2.5%. Estimated long-term cap rate of -1.0%. If you have been waiting for that perfect, well maintained 3 bedroom home this might be it! This sweet Gambrel roofed historic home checks so many boxes....The interior is bright and sunny with an open floor plan, and hardwoods throughout. The dining room/ Kitchen has been tastefully updated and leads out to a wonderful deck that overlooks the sizable, fenced in backyard. Upstairs is a new bathroom and 3 good sized bedrooms. There is bonus space in the basement as well. The roof and windows are newer and the heating system is brand new!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2424
Bedrooms
3
Bathrooms
1
SQFT
1,166
Furnished
N/A
Year built
1930
Listing Status
Off Market
MLS
1381280

Short-term Rental Potential
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$36,948

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$334

Price/SQFT

Long-term Rental Potential
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$23,304

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,942/mo

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