Is North Smithfield, RI a good place to invest in rental property?

North Smithfield, RI has a median modeled monthly cash flow of $-1,804 and a median cap rate of 1.7%, on a median sold price of $480,000. Prices changed +7.6% year over year.

What is the average cap rate in North Smithfield, RI?

The median cap rate across recently sold homes in North Smithfield, RI is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Smithfield, RI?

The median sold price in North Smithfield, RI is $480,000 (about $276 per square foot).

Investing in North Smithfield, RI Real Estate

A data-driven snapshot of the North Smithfield, RI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$480,000Median sold price

$276Median $/sqft

1.7%Median cap rate

$-1,804Modeled cash flow / mo

+7.6%Appreciation YoY

7.1Months of supply

84Active listings

142Sold (last 12 mo)

What the North Smithfield numbers say

In North Smithfield, RI, the median home sold for $480,000 (about $276 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-1,804 of monthly cash flow. Sold prices moved +7.6% over the past year. Inventory sits at about 7.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Rhode Island markets to compare

See North Smithfield cash-flowing listings

CashFlowRE ranks every for-sale home in North Smithfield, RI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen North Smithfield deals, or browse the national market data.