Fix And Flip Investment Properties for Sale in Smithfield, RI
244- 3 Bed
- 2 Bath
- 1950 sft
1571- 3 Bed
- 3 Bath
- 2814 sft
594- 4 Bed
- 3 Bath
- 1488 sft
143- 2 Bed
- 1 Bath
- 1114 sft
Why Invest in Smithfield, Rhode Island?
Smithfield, RI offers strong potential for fix-and-flip investors targeting undervalued properties in a competitive market. Homes sell quickly after modest renovations, with median prices around $480K and competitive bidding driving values up 2-3% above list for hot flips. Annual appreciation hovers at 2.7%, supported by tight supply and steady demand near Providence. Cap rates average 5-6% post-flip, with rental yields appealing for hold-and-flip strategies. Renter occupancy at 35% signals reliable backup income during sales.
Frequently Asked Questions
Yes, with homes selling in 19-24 days and hot properties fetching 2-3% over list after flips. Tight supply and 2.7% appreciation support quick turnarounds. Competitive market favors renovated single-family homes near $450-500K.
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