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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in North Smithfield, RI
Listed for sale 4 days ago
$ 535,000
ROI
21.8
Cash Flow/m
249- 3 Bed
- 2 Bath
- 1603 sft
6 Obeline Dr, North Smithfield, RI, 02896
$ 399,900
ROI
20.5Cash Flow/m
81- 2 Bed
- 2 Bath
- 1250 sft
36 Old Louisquisset Pike #308, North Smithfield, RI, 02896
$ 379,900
ROI
21.9Cash Flow/m
224- 3 Bed
- 2 Bath
- 2041 sft
608 Black Plain Rd, North Smithfield, RI, 02896
$ 650,000
ROI
20.8Cash Flow/m
125- 3 Bed
- 3 Bath
- 2316 sft
29 Graves Ave, 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.
Find Your Perfect Investment Property in North Smithfield, Rhode Island
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