Investment Properties for Sale in North Smithfield, RI
$ 649,000
ROI
24.1
Cash Flow/m
722- 3 Bed
- 2 Bath
- 2252 sft
1236 Woonsocket Hill Rd, North Smithfield, RI, 02896
$ 429,900
ROI
22.2Cash Flow/m
295- 2 Bed
- 2 Bath
- 1250 sft
36 Old Louisquisset Pike #102, North Smithfield, RI, 02896
Currently Rented
$ 499,000
ROI
21.9Cash Flow/m
296- 2 Bed
- 2 Bath
- 2200 sft
1 Tupperware Dr Unit 316, North Smithfield, RI, 02896
$ 409,900
ROI
24.8Cash Flow/m
572- 2 Bed
- 2 Bath
- 1250 sft
36 Old Louisquisset Pike #201, North Smithfield, RI, 02896
Why Invest in North Smithfield, Rhode Island?
North Smithfield, RI offers strong investment potential with steady home value growth and reliable rental demand. Median rents around $2,450 support solid cash flows, while recent appreciation of 2% enhances long-term returns. Cap rates remain attractive in this suburban market near Providence, with low vacancy implied by quick sales. Investor-friendly dynamics include homes selling near list price in about 35 days. Proximity to employment hubs boosts renter occupancy rates.
7.2%
Avg. ROI
5.8%
Rental Yield
6.1%
Cap Rate
$1850/mo
Avg. Cash Flow
$2450/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The median home price is approximately $460,000 to $515,000 based on recent market data. Prices per square foot average $252. Homes sell quickly, often in 35 days.
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