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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Smithfield, RI
Currently Rented
$ 292,000
ROI
23.5
Cash Flow/m
303- 2 Bed
- 1 Bath
- 1018 sft
15 Higgins St APT 201, Smithfield, RI, 02917
$ 250,000
ROI
25.1Cash Flow/m
374- 2 Bed
- 1 Bath
- 744 sft
494 Putnam Pike APT B5, Smithfield, RI, 02828
$ 299,900
ROI
23.5Cash Flow/m
314- 2 Bed
- 1 Bath
- 1040 sft
402 Pinewood Dr, Smithfield, RI, 02917
Currently Rented
$ 250,000
ROI
22.2Cash Flow/m
170- 2 Bed
- 1 Bath
- 744 sft
494 Putnam Pike APT A12, Smithfield, RI, 02828
Why Invest in Smithfield, Rhode Island?
Discover investment opportunities in Smithfield, RI under $300k, where affordable entry points meet steady rental demand. Proximity to Providence offers commuters access to jobs while enjoying suburban appeal. Renter-occupied rates hover around 25%, supporting reliable cash flows. Annual appreciation averages 4%, bolstered by regional economic growth. Cap rates near 6% make these properties attractive for value-add strategies.
8.5%
Avg. ROI
6.2%
Rental Yield
6.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, limited inventory exists for single-family homes and condos under $300k. These properties often appeal to first-time investors due to low entry costs. Check local trends for current listings.
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