Rent report generated Jan 28, 2025
The Rent Potential of
79 Clematis St Providence, RI
is $2,962 – $3,955/mo.
Rent Advice
The property, a single-family home in Providence's Mount Pleasant neighborhood, has a rent potential between $2,962 and $3,955 per month. With a moderate market appreciation, the payback period could span 7-10 years based on a $360K valuation. The area is characterized by stable growth with some appeal due to its proximity to amenities and schools. However, being a single-family unit, the rental income is limited to one stream, which could be a challenge.
To enhance rental appeal and value, consider modernizing common areas and updating fixtures. The private backyard and porch are unique selling points that can be highlighted. If selling, the owner should capitalize on the home’s location and recent renovations, which could attract first-time homebuyers or investors looking for reliable rental income.
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