Condo Investment Properties for Sale in Rhode Island
211- 1 Bed
- 1 Bath
- 660 sft
303- 2 Bed
- 1 Bath
- 1018 sft
74- 2 Bed
- 2 Bath
- 1168 sft
95- 2 Bed
- 2 Bath
- 1085 sft
Why Invest in Rhode Island?
Rhode Island condo investments offer strong potential for rental income in a compact state with steady demand from urban professionals and students. Providence and coastal areas see consistent renter interest in condos due to low maintenance and prime locations. Average cap rates hover around 6%, with rental yields supporting positive cash flow. Annual appreciation of 4% reflects stable market growth amid limited supply. Renter-occupied units at 45% underscore reliable occupancy for long-term holds.
Frequently Asked Questions
Yes, condos offer low-maintenance entry into Rhode Island's rental market, especially in Providence with strong student and professional demand. Cap rates around 6% and 4% appreciation provide solid returns. Focus on HOA fees and location for best cash flow.
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