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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Smithfield, RI
Currently Rented
$ 292,000
ROI
23.5
Cash Flow/m
303- 2 Bed
- 1 Bath
- 1018 sft
15 Higgins St APT 201, Smithfield, RI, 02917
$ 465,000
ROI
22.2Cash Flow/m
311- 2 Bed
- 1 Bath
- 1196 sft
1283 Douglas Pike, Smithfield, RI, 02917
$ 329,900
ROI
30.6Cash Flow/m
992- 3 Bed
- 1 Bath
- 1347 sft
30 Lakeview Dr, Smithfield, RI, 02828
$ 469,900
ROI
22.7Cash Flow/m
384- 3 Bed
- 1 Bath
- 1612 sft
50 Indian Run Trl, 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.
Find Your Perfect Investment Property in Smithfield, Rhode Island
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