Under $500K Investment Properties for Sale in North Smithfield, RI
$ 429,900
ROI
22.2
Cash 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
$ 409,900
ROI
24.8Cash Flow/m
572- 2 Bed
- 2 Bath
- 1250 sft
36 Old Louisquisset Pike #203, North Smithfield, RI, 02896
Why Invest in North Smithfield, Rhode Island?
Discover investment opportunities in North Smithfield, RI with properties under $500k offering strong potential for cash flow and appreciation. This suburb of Providence features single-family homes and condos at accessible price points, ideal for rental portfolios. Average rents support healthy yields around 6-7%, bolstered by proximity to employment hubs. Stable renter occupancy near 35% reflects consistent demand. Cap rates hover at 5-6% with moderate annual appreciation of 3-4% based on regional trends.
7.2%
Avg. ROI
6.5%
Rental Yield
5.8%
Cap Rate
$420/mo
Avg. Cash Flow
$1850/mo
Avg. Rent
3.5%
1Y Appreciation
Find Your Perfect Investment Property in North Smithfield, Rhode Island
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