Under $300K Investment Properties for Sale in Smithfield, RI

Property at 15 Higgins St APT 225, Smithfield, RI
Listed for sale 5 days ago
$ 249,900
ROI
22.5ROI percentage
Cash Flow/m
Dollar sign188
  • 1 Bed
  • 1 Bath
  • 725 sft
15 Higgins St APT 225, Smithfield, RI, 02917
Property at 25 Higgins St APT 104, Smithfield, RI
$ 224,900
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign375
  • 1 Bed
  • 1 Bath
  • 789 sft
25 Higgins St APT 104, Smithfield, RI, 02917
Property at 5 Apple Valley Pkwy APT 8, Smithfield, RI
$ 225,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign294
  • 1 Bed
  • 1 Bath
  • 530 sft
5 Apple Valley Pkwy APT 8, Smithfield, RI, 02828
Property at 25 Stillwater Rd #3, Smithfield, RI
$ 285,000
ROI
23.8ROI percentage
Cash Flow/m
Dollar sign317
  • 1 Bed
  • 2 Bath
  • 798 sft
25 Stillwater Rd #3, 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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