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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Smithfield, RI
Motivated Seller
Listed for sale 1 day ago
$ 649,900
ROI
23.9
Cash Flow/m
692- 4 Bed
- 2 Bath
- 3206 sft
7 Karen Ann Dr, Smithfield, RI, 02917
Listed for sale 2 days ago
$ 355,000
ROI
26.5Cash Flow/m
670- 2 Bed
- 2 Bath
- 1630 sft
20 Pheasant Run #C, Smithfield, RI, 02917
Listed for sale 5 days ago
$ 369,900
ROI
29.6Cash Flow/m
1017- 3 Bed
- 1 Bath
- 1508 sft
3 Minoru St, Smithfield, RI, 02917
$ 599,000
ROI
22.4Cash Flow/m
391- 3 Bed
- 2 Bath
- 1807 sft
15 Williams Rd, Smithfield, RI, 02917
Why Invest in Smithfield, Rhode Island?
Smithfield, RI offers strong investment potential with its competitive housing market and steady appreciation. Average home values have risen 2.7-3.5% annually, supporting solid returns for investors[2][4]. Renter-occupied units at 25% provide reliable demand, complemented by cap rates around 5-6%. Proximity to Providence enhances appeal for cash flow-focused properties. Low vacancy and quick sales (10-19 days) signal market strength[1][3].
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$1850/mo
Avg. Cash Flow
$2250/mo
Avg. Rent
3.1%
1Y Appreciation
Frequently Asked Questions
Median sale prices range from $480k to $500k as of late 2025. Values show 2.7-3.5% appreciation year-over-year. Competitive market sees quick sales in 10-19 days.
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