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Updated 5 months ago on . Most recent reply
Anyone here have experience with MFH in Providence, RI?
I'm seeing listings for $500k - $650k all over Providence (outside of College Hill) for properties with 2 units. It looks like rent can very reasonably be 2.2k - 2.5k / unit. With a mortgage of ~3.2k and monthly fees/taxes/maintenance being about 1k, it looks like these properties would turn a cash profit in the first year.
Is this a pretty reasonable expectation for providence MFH? Assuming you don't rent to students as I don't want to have that kind of liability.