Under $500K Investment Properties for Sale in Smithfield, RI
303- 2 Bed
- 1 Bath
- 1018 sft
311- 2 Bed
- 1 Bath
- 1196 sft
992- 3 Bed
- 1 Bath
- 1347 sft
384- 3 Bed
- 1 Bath
- 1612 sft
Why Invest in Smithfield, Rhode Island?
Discover investment opportunities in Smithfield, RI homes under $500k, offering accessible entry into a stable suburban market. Properties here provide solid **rental yields** around 6-7% with average rents supporting positive cash flow. **Appreciation** has averaged 4% annually, driven by proximity to Providence and low vacancy rates. **Cap rates** hover at 5-6%, ideal for long-term holds in this growing area. Renter-occupied units exceed 30%, ensuring reliable demand from local workforce.
Frequently Asked Questions
Yes, multiple single-family homes and condos under $500k are listed, many suitable for rentals. These properties offer good cash flow potential in a renter-friendly market. Check current inventory for the best options.
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