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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
$ 399,000
ROI
20.4
Cash Flow/m
74- 2 Bed
- 2 Bath
- 1200 sft
1 Magnum Ct APT 5, Smithfield, RI, 02917
Listed for sale 1 day ago
$ 495,000
ROI
30.9Cash Flow/m
1539- 3 Bed
- 1 Bath
- 1932 sft
48 Lakeside Dr, Smithfield, RI, 02917
Listed for sale 1 day ago
$ 569,900
ROI
25.3Cash Flow/m
822- 4 Bed
- 3 Bath
- 2800 sft
14 Elmhurst Dr, Smithfield, RI, 02828
Listed for sale 1 day ago
$ 489,900
ROI
27.5Cash Flow/m
1055- 4 Bed
- 2 Bath
- 2151 sft
35 Fenwood Ave, 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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