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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 5 days ago
$ 354,900
ROI
28.3
Cash Flow/m
843- 2 Bed
- 2 Bath
- 1180 sft
2705 Pinewood Dr, Smithfield, RI, 02917
Listed for sale 6 days ago
$ 319,900
ROI
20.4Cash Flow/m
61- 3 Bed
- 2 Bath
- 1892 sft
40 Esmond St, Smithfield, RI, 02917
Listed for sale 7 days ago
$ 574,900
ROI
26.5Cash Flow/m
1017- 3 Bed
- 2 Bath
- 1672 sft
140 Burlingame Rd, Smithfield, RI, 02917
$ 368,000
ROI
24.4Cash Flow/m
477- 2 Bed
- 2 Bath
- 1280 sft
1 Grouse Trl #B, 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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