Providence cap rate
Cap rate
3.1%
Ranks #1,889 of 3,071 U.S. counties, in the top 61%.
- vs. national median3.5%Providence is lower than the U.S. median
- vs. Rhode Island median2.6%Providence is higher than the Rhode Island median
What cap rate means
Capitalization rate estimates the annual return on a rental property before financing: gross rent divided by purchase price. Higher cap rates mean stronger cash flow relative to price, which investors weigh against appreciation potential and risk. We estimate it from local rents and home values; verify against an actual listing before underwriting a deal.