Providence-Warwick Metro Area

Rental Property Analysis in Providence, Rhode Island

Find the most profitable long-term rental properties in Providence. Analyze any zip code and instantly discover the top 20 deals ranked by Cash-on-Cash return.

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Providence Rental Market Overview

Key statistics for real estate investors in the Providence-Warwick area

1.6 million
Metro Population
$400,000
Median Home Price
$1,600
Average Rent
7-9%
Avg Cash-on-Cash

Why Invest in Providence Rental Properties?

Multiple universities (Brown, RISD, Providence College)
Healthcare sector provides employment
More affordable than Boston
Strong rental demand from students
Growing arts and food scene

Current Market Trends

East side showing appreciation
Student housing near universities stable
Healthcare worker housing in demand
Downtown revitalization continuing

Popular Investment Areas in Providence

These neighborhoods are frequently analyzed by investors for long-term rental opportunities

Warwick
Cranston
East Providence
Pawtucket
North Providence
Johnston

Top Zip Codes to Analyze in Providence

Enter any of these zip codes in Smart Rental Investor to find profitable deals

02886
02910
02914
02860
02911
02919

How to Find Profitable Rentals in Providence

Smart Rental Investor makes it easy to analyze the Providence market

1

Enter a Providence Zip Code

Type any RI zip code to scan the entire market

2

Set Your Criteria

Define budget, down payment, and loan terms

3

Get Top 20 Deals

Instantly see properties ranked by Cash-on-Cash return

4

Analyze & Export

Review 12+ metrics and export to CSV

Metrics Calculated for Every Providence Property

Cash-on-Cash Return

Cap Rate

Monthly Cash Flow

Total ROI

Gross Rent Multiplier

Debt Service Coverage

Break-Even Ratio

Price per Sq Ft

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