Under $500K Investment Properties for Sale in Johnston, RI
Listed for sale 1 day ago
$ 339,900
ROI
20.3
Cash Flow/m
51- 2 Bed
- 2 Bath
- 1280 sft
16 Scenery Ln, Johnston, RI, 02919
Listed for sale 3 days ago
$ 399,900
ROI
24.9Cash Flow/m
570- 2 Bed
- 2 Bath
- 1243 sft
453 Greenville Ave, Johnston, RI, 02919
Listed for sale 4 days ago
$ 499,000
ROI
21.2Cash Flow/m
195- 3 Bed
- 2 Bath
- 1658 sft
23 Granite St, Johnston, RI, 02919
Listed for sale 5 days ago
$ 320,000
ROI
21.0Cash Flow/m
106- 2 Bed
- 2 Bath
- 1168 sft
1603 Plainfield Pike APT B7, Johnston, RI, 02919
Why Invest in Johnston, Rhode Island?
Investors seeking properties under $500K in Johnston, RI, find strong value in this Providence suburb with stable rental demand. Proximity to urban centers supports consistent cash flow from renters. Average cap rates hover around 6-7%, with appreciation at 4% annually. Renter-occupied units exceed 35%, bolstering long-term returns. Low entry prices enable portfolio diversification amid Rhode Island's economic resilience.
8.5%
Avg. ROI
6.2%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Affordable entry prices combined with strong rental demand from Providence commuters offer solid cash flow. Cap rates around 6.8% and 4% appreciation support steady returns. Proximity to jobs minimizes vacancy risks.
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