Providence, RI - Multi-Family Mecca. 10 Properties Cashflowing up to $7,277/mo
10 Providence Properties Available September 2021
Is Providence a multi-family investor’s paradise? With plenty of multi-unit behemoths on the market for under $600,000, the cashflow looks to be ripe for the picking.
1) 15 Sheridan St
Listed: $315,000
Rent Zestimate: $5,851
Zillow’s estimated monthly cost: $1,569
Ballpark monthly cashflow: $4,282
2) 399-401 Orms St
Listed: $350,000
Rent Zestimate: $5,749
Zillow’s estimated monthly cost: $1,743
Ballpark monthly cashflow: $4,006
3) 612 Union Ave
Listed: $575,000
Rent Zestimate: $10,499
Zillow’s estimated monthly cost: $3,222
Ballpark monthly cashflow: $7,277
4) 13 Pekin St
Listed: $384,900
Rent Zestimate: $5,836
Zillow’s estimated monthly cost: $1,917
Ballpark monthly cashflow: $3,919
5) 158 Adelaide Ave
Listed: $429,900
Rent Zestimate: $5,925
Zillow’s estimated monthly cost: $2,141
Ballpark monthly cashflow: $3,784
6) 133-135 Ontario St
Listed: $424,900
Rent Zestimate: $5,999
Zillow’s estimated monthly cost: $2,117
Ballpark monthly cashflow: $3,882
7) 411-413 Academy Ave
Listed: $479,900
Rent Zestimate: $6,087
Zillow’s estimated monthly cost: $2,390
Ballpark monthly cashflow: $3,697
8) 24-28 Piedmont St
Listed: $499,000
Rent Zestimate: $5,925
Zillow’s estimated monthly cost: $2,486
Ballpark monthly cashflow: $3,439
9) 17 Deborah St
Listed: $490,000
Rent Zestimate: $5,749
Zillow’s estimated monthly cost: $2,441
Ballpark monthly cashflow: $3,308
10) 42 Ring St
Listed: $549,900
Rent Zestimate: $6,124
Zillow’s estimated monthly cost: $2,739
Ballpark monthly cashflow: $3,385
Hope you enjoyed the list! The quoted monthly costs are using Zillow’s default parameters. Of course these numbers are not perfectly reflective of reality, but they might justify doing further due diligence if a property fits into your investment model.
For inquiries about my real estate analytics services, or to let me know what other real estate markets you’d like to see analyzed please email me at ben.propertyfunnel@gmail.com.
- Ben