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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Smithfield, RI
Listed for sale 3 days ago
$ 475,000
ROI
23.9
Cash Flow/m
553- 4 Bed
- 2 Bath
- 2233 sft
2 Whitman St, Smithfield, RI, 02917
$ 339,000
ROI
22.7Cash Flow/m
277- 4 Bed
- 2 Bath
- 1560 sft
5 Minoru St, Smithfield, RI, 02917
$ 779,000
ROI
26.5Cash Flow/m
1385- 6 Bed
- 6 Bath
- 4523 sft
0 Pleasant View Ave, Smithfield, RI, 02828
$ 435,000
ROI
26.6Cash Flow/m
832- 3 Bed
- 3 Bath
- 1600 sft
40 Farnum Pike #3, Smithfield, RI, 02917
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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