Investment Properties Under $500K in Providence, RI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Providence, RI

Why Invest in Providence, Rhode Island?

Providence ranks as the 4th hottest real estate market in America for 2026, with strong fundamentals supporting investor returns. Properties under $500k benefit from tight housing supply—a key driver of price stability and rental demand. The market is normalizing after pandemic volatility, offering more balanced conditions for cash flow-focused investors. Limited new construction and steady demand from established neighborhoods create a floor under appreciation. With modest but consistent growth forecasted and improving affordability relative to wages, sub-$500k properties position investors for steady equity growth without the frenzied competition of peak years.

4.2%
Avg. ROI
5.8%
Rental Yield
6.1%
Cap Rate
$850/mo
Avg. Cash Flow
$1950/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Providence combines strong price growth forecasts (3% expected for 2026), tight housing inventory, and fast-moving listings. Zillow's ranking reflects few price cuts, homes selling above list price, and demand that significantly outpaces supply—hallmarks of a competitive seller's market.

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