Off-Market Property at 2020 Broad St, Providence, RI, 02905
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2020 Broad St, Providence, RI, 02905

$374,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $307 per day and long-term for an average of $2,994 per month, based on similar listings in the area. Estimated short-term cap rate of 11.6%. Estimated long-term cap rate of 2.0%. Two Level Home located in a good location in Cranston. You will appreciate all aspects of this property, such as the layout, size, and yard for entertaining. The home has a two-car garage. This home is charming and has great character. Home is only open owner occupants and non-profit buyers for first 31 days. Investor offers will be reviewed starting day 32. Buyers will be required to sign an occupancy cert. Sellers will review offers after the property has been on the market 7 days.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4233
Bedrooms
3
Bathrooms
2
SQFT
1,497
Furnished
unknown
Year built
1923
Listing Status
Off Market
MLS
73140442

Short-term Rental Potential
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$71,580

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$250

Price/SQFT

Long-term Rental Potential
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$35,928

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,994/mo

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