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Explore rental performance, cash flow, appreciation, and local economic trends to understand how these properties fit into the overall investment story.
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Get a quick view of rental returns, appreciation trends, and local growth data to evaluate real estate market strength and investment potential.
Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,235
$2,793
Appreciation
Data-driven answers to common investor questions about this market.
9.06%
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Job Growth
0.03%
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Population
190,214
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The LTR Genie Score of Providence, RI is 74 and STR Genie Score is 81, indicating a high score for short-term rental potential and a moderate score for long-term rental potential. The high STR Genie Score can be attributed to the strong STR Net ROI of 35.23% and high STR Revenue of 2793, as well as a decent STR Occupancy rate of 62.5. On the other hand, the LTR Genie Score is slightly lower due to a lower LTR Rent Growth Rate of 0.0644% and LTR Net ROI of 33.64%.
Providence, RI is a vibrant city known for its historic architecture, diverse culture, and thriving arts scene. With several universities and colleges in the area, there is a steady demand for rental properties from students and young professionals. The city also offers a variety of attractions, restaurants, and outdoor activities, making it an attractive destination for both short-term and long-term rental investments.
Based on the metrics provided, Providence, RI appears to be a promising market for both short-term and long-term rental investments. The high STR Genie Score suggests that short-term rentals could yield strong returns, especially with the forecasted 1-Year Price Appreciation of 2.94%. However, the moderate LTR Genie Score indicates that long-term rentals may not be as lucrative in comparison. Overall, real estate investors may find success in diversifying their portfolio with a mix of both short-term and long-term rental properties in Providence, RI.