Is East Providence, RI a good place to invest in rental property?

East Providence, RI has a median modeled monthly cash flow of $-1,285 and a median cap rate of 3.2%, on a median sold price of $518,000. Prices changed +6.1% year over year.

What is the average cap rate in East Providence, RI?

The median cap rate across recently sold homes in East Providence, RI is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in East Providence, RI?

The median sold price in East Providence, RI is $518,000 (about $314 per square foot).

Investing in East Providence, RI Real Estate

A data-driven snapshot of the East Providence, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$518,000Median sold price

$314Median $/sqft

3.2%Median cap rate

$-1,285Modeled cash flow / mo

+6.1%Appreciation YoY

5.3Months of supply

324Active listings

729Sold (last 12 mo)

What the East Providence numbers say

In East Providence, RI, the median home sold for $518,000 (about $314 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,285 of monthly cash flow. Sold prices moved +6.1% over the past year. Inventory sits at about 5.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See East Providence cash-flowing listings

CashFlowRE ranks every for-sale home in East Providence, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen East Providence deals, or browse the national market data.