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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Smithfield, RI
$ 190,000
ROI
37.8
Cash Flow/m
955- 2 Bed
- 1 Bath
- 753 sft
12 Stonehenge Dr UNIT 221N, Smithfield, RI, 02828
$ 199,900
ROI
40.8Cash Flow/m
1173- - Bed
- - Bath
- - sft
0 George Washington Hwy, Smithfield, RI, 02917
$ 190,000
ROI
41.6Cash Flow/m
1155- - Bed
- - Bath
- - sft
53 Deer Run Trl, Smithfield, RI, 02917
$ 199,900
ROI
31.3Cash Flow/m
641- 1 Bed
- 1 Bath
- 568 sft
494 Putnam Pike APT A1, Smithfield, RI, 02828
Why Invest in Smithfield, Rhode Island?
Discover investment opportunities in Smithfield, RI under $200k, where affordable entry points meet steady rental demand. Proximity to Providence offers access to robust job markets while keeping acquisition costs low. Renter-occupied rates hover around 25%, supporting reliable cash flows. Annual appreciation averages 4%, bolstered by regional economic growth. Cap rates near 7% make these properties attractive for value-add strategies.
9.2%
Avg. ROI
8.5%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, limited inventory exists under $200k, primarily condos and small homes ideal for rentals. These properties offer strong entry-level yields near 8%. Check government census data for latest housing stock.
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