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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 1 day ago
$ 365,000
ROI
29.2
Cash Flow/m
960- 2 Bed
- 2 Bath
- 1272 sft
63 Esmond St APT A, Smithfield, RI, 02917
Fix & Flip
Listed for sale 1 day ago
$ 299,900
ROI
21.4Cash Flow/m
139- 1 Bed
- 1 Bath
- 1106 sft
1162 Douglas Pike, Smithfield, RI, 02917
Listed for sale 4 days ago
$ 399,900
ROI
23.1Cash Flow/m
377- 2 Bed
- 2 Bath
- 1280 sft
41 Pheasant Run #41A, Smithfield, RI, 02917
Listed for sale 4 days ago
$ 399,900
ROI
20.6Cash Flow/m
99- 4 Bed
- 2 Bath
- 1200 sft
5 Maple Ave, 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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