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๐Ÿ“ˆHousing Dossier for East Providence (02914)

Cap Rate & Rental Yield in East Providence

Housing market dossier for East Providence, Rhode Island: Average condo prices around $386.79/sqft and single-family homes at $306.77/sqft with average yields of 5.2%.

Average Condo / Sqft386.79 $per sqft
Average Home / Sqft306.77 $per sqft
Cap Rate / Yield5.2 %Local Benchmark
Effective Tax Rate1.40 %Rhode Island

๐Ÿ“ˆCap Rate & Rental Yield Calculator

Gross rental yield, capitalization rate (Cap Rate), cash-on-cash return, and net monthly operating cashflow.

East Providence (ร˜ 5.2 % Rendite)
$
$ / mo.
ca. $9,450
%
Effective Annual Rent:$13,689
Price-to-Rent Ratio:19.2x
Net Operating Income:$12,369
Cash-on-Cash Return:-8.59 %
Net Cashflow (Pre-Tax):-$454 / Mo.
Gross Yield:
5.2 %
Cap Rate (NOI):
4.43 %
Cashflow Breakdown

Monthly Cashflow Breakdown

Rental income (blue) minus operating costs and loan payments (grey) = net cashflow (green)

ร˜ Durchschnitt$380
ร˜ Durchschnitt:
Rent:$380
Rent
3 Abschnitte
Yield Curve

Cap Rate & Yield Curve

Sensitivity of gross yield (blue) and net cap rate (green) as property price scales

ร˜ Durchschnitt5.00 %
ร˜ Durchschnitt:
Gross Yield (%):5.00 %Net Cap Rate (%):4.00 %
Gross Yield (%)
Net Cap Rate (%)
6 Datenpunkte

๐Ÿ“Housing Market Overview for East Providence

In East Providence, residential condo values average approx. $386.79/sqft, while single-family homes trade at $306.77/sqft.

With an average gross rental yield of approx. 5.2%, the area provides attractive fundamental margins for both primary owner-occupiers and residential investors.

๐Ÿ›๏ธClosing Costs & State Standards (Rhode Island)

Real Estate Conveyance Tax: Real estate conveyance tax is $2.30 per $500 ($4.60 per $1,000), paid by seller. Property taxes average ~1.40%.

State Down Payment Programs (HFA): RIHousing: FirstHomes DPA grant up to $15,000 for qualifying buyers.

Settlement & Title Fees: Attorney closing state; settlement costs average 2.5% to 3.8%.

Building Codes & State Statutes: Rhode Island State Building Code; lead poisoning prevention regulations.

๐Ÿ“Nearby Housing Markets

Cap Rate & Rental Yield near East Providence

All markets in Rhode Island

Compare property price trends, purchase costs, and rental yields across nearby communities around East Providence.

FAQ & Knowledge

Frequently Asked Questions about Cap Rate & Rental Yield in East Providence

Key guidelines on property purchase, mortgage calculations, and yields in East Providence:

What Cap Rates are investors achieving in East Providence?
?
In East Providence, residential Cap Rates currently average approximately 4.5% with prevailing rents around $2.10/sqft.
How much do property managers in East Providence typically charge?
?
Full-service residential property management firms in East Providence charge between 8% and 10% of gross monthly collected rent.
Are short-term rentals strictly regulated in East Providence?
?
Municipal ordinances and HOA bylaws across East Providence increasingly mandate permits, occupancy taxes, or minimum lease terms for short-term stays.
What is the average rent-to-price ratio in East Providence?
?
Our dataset tracks median monthly lease rates alongside sales prices of $385,000 in East Providence to highlight cash-flow opportunities.
What are healthy vacancy rate assumptions for East Providence?
?
Stable rental markets in East Providence typically experience annual vacancy rates between 4% and 6%, roughly equal to 2 to 3 weeks of tenant turnover.
How do property tax reassessments impact cash flow in East Providence?
?
Purchasing rental real estate in East Providence often triggers an ad valorem property tax assessment adjustment, altering your net operating margin.
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