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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Smithfield, RI
Listed for sale 1 day ago
$ 365,000
ROI
29.2
Cash Flow/m
960- 2 Bed
- 2 Bath
- 1272 sft
63 Esmond St APT A, Smithfield, RI, 02917
Fix & Flip
Listed for sale 1 day ago
$ 299,900
ROI
21.4Cash Flow/m
139- 1 Bed
- 1 Bath
- 1106 sft
1162 Douglas Pike, Smithfield, RI, 02917
Listed for sale 1 day ago
$ 499,999
ROI
20.2Cash Flow/m
59- 3 Bed
- 1 Bath
- 1512 sft
15 Lakeside Dr, Smithfield, RI, 02917
Listed for sale 4 days ago
$ 399,900
ROI
23.1Cash Flow/m
377- 2 Bed
- 2 Bath
- 1280 sft
41 Pheasant Run #41A, 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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