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Providence, rhode island

Rhode Island

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With tight inventory, rising property values and growing rental demand, Rhode Island has quickly become a hot spot for SFR investors seeking both steady income and long-term appreciation.

Driven by proximity to major metro areas, cities like Newport, Providence and Cranston continue to attract SFR investors across a range of strategies.

Those same markets have all shown strength in average SFR rents. Newport led the way with a staggering 13.3% YoY increase in average SFR rents1. Providence followed closely behind with a 7.8% jump2, while Cranston remained relatively flat3, yet continues to provide consistent rental demand.

Visio Lending is Rhode Island’s premier DSCR lender. SFR investors turn to us for fast, dependable and flexible financing solutions to help them scale their rental portfolios in this dynamic and growing market.

Note: Visio doesn’t charge prepayment penalties for Rhode Island purchase transactions. However, our standard prepay options for refinances are available to investors in this state.

1: Zillow (Newport)

2:  Rentometer

3: Zillow (Cranston)

Visio Lending is the nation's premier lender for buy and hold investors offering, long-term loans for SFR rental properties, including vacation rentals.

1905 Kramer Lane, Ste.
B700 Austin, TX 78758

888.521.0353

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All rights reserved. Copyright 2024. All loans are originated by Visio Financial Services Inc. (“VFS”) or Investor Mortgage Finance LLC (“IMF”). VFS is licensed by the Arizona Department of Financial Institutions as an Arizona Mortgage Banker, license number 1010600 as well as by the California Department of Financial Protection and Innovation as a California Finance Lender, license number 60DBO-56345. VFS’s company NMLS ID number is 1935590. IMF is licensed by the Arizona Department of Financial Institutions as an Arizona Mortgage Banker, license number 1034031 as well as by the California Department of Financial Protection and Innovation as a California Finance Lender, license number 60DBO-160501. IMF’s company NMLS ID number is 2297729. For more information about the use of our Website, please see our Terms of Use and Privacy Policy.