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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
$ 229,900
ROI
19.8
Cash Flow/m
4- 1 Bed
- 1 Bath
- 759 sft
15 Higgins St APT 108, Smithfield, RI, 02917
$ 299,000
ROI
23.4Cash Flow/m
302- 2 Bed
- 1 Bath
- 1203 sft
15 Higgins St APT 314, Smithfield, RI, 02917
$ 299,900
ROI
29.8Cash Flow/m
836- 3 Bed
- 1 Bath
- 1523 sft
77 N Main St, Smithfield, RI, 02876
$ 279,900
ROI
19.9Cash Flow/m
11- 1 Bed
- 1 Bath
- 922 sft
15 Higgins St APT 317, Smithfield, RI, 02917
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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