High Rental Yield Investment Properties for Sale in Smithfield, RI
Fix & Flip
Listed for sale 4 days ago
$ 439,900
ROI
23.6
Cash Flow/m
468- 3 Bed
- 1 Bath
- 1128 sft
399 Farnum Pike, Smithfield, RI, 02917
Listed for sale 4 days ago
$ 249,900
ROI
22.5Cash Flow/m
188- 1 Bed
- 1 Bath
- 725 sft
15 Higgins St APT 225, Smithfield, RI, 02917
Listed for sale 4 days ago
$ 574,000
ROI
22.6Cash Flow/m
404- 3 Bed
- 2 Bath
- 1807 sft
15 Williams Rd, Smithfield, RI, 02917
Listed for sale 5 days ago
$ 775,000
ROI
21.0Cash Flow/m
202- 4 Bed
- 3 Bath
- 3648 sft
82 Mapleville Rd, Smithfield, RI, 02828
Why Invest in Smithfield, Rhode Island?
Smithfield, RI offers **high rental yield** opportunities for investors seeking stable cash flow in a suburban market. Average rents around $1,300/month support strong yields with home values near $494,000[2]. Recent 1.7-2.2% rent growth and 2.7% appreciation provide solid returns[1][3]. Low vacancy trends from sustained demand make it ideal for long-term holdings. Investor metrics show competitive cap rates in Rhode Island's resilient multifamily sector[6].
7.2%
Avg. ROI
3.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1274/mo
Avg. Rent
2.7%
1Y Appreciation
Frequently Asked Questions
As of January 2026, average rent is about $1,274 per month, 22% below national average[1]. Studios average $1,172, one-bedrooms $1,276. Rents have risen 1.7-2.2% yearly[3].
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