North Providence, RI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in North Providence, RI. Based on 10+ datapoints.
North Providence, RI Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.5%
Avg Cash on Cash
-8.5%
Median Cashflow
-$654/mo
Avg Rent Estimate
$2,995/mo
Avg Price
$471,320
Price Range
$395,300 - $546,800
Rent to Price
0.64%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in North Providence, RI
North Providence, RI is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.5%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in North Providence, RI is -$654 with average rents of $2,995/month. Properties range from $395,300 to $546,800, offering entry points across multiple investment budgets.
82 Merchant St, North Providence, RI 02911
Price
$474,900
Rent
$2,359
CachFlow
-$1,229
CoC
-14.79
212 Lexington Ave, North Providence, RI 02904
Price
$525,400
Rent
$3,292
CachFlow
-$982
CoC
-10.68
North Providence, RI Rental Market Insights
- •Median cashflow is -$654/month — careful deal selection is essential here
- •4.5% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, North Providence, RI requires selective property picks
- •Mid-to-upper tier market with properties from $395,300 to $546,800
- •Consider this market if your strategy favors equity growth with rental income covering holding costs