Is Wakefield-Peace Dale, RI a good place to invest in rental property?

Wakefield-Peace Dale, RI has a median modeled monthly cash flow of $-1,810 and a median cap rate of 2.7%, on a median sold price of $600,000. Prices changed +3.4% year over year.

What is the average cap rate in Wakefield-Peace Dale, RI?

The median cap rate across recently sold homes in Wakefield-Peace Dale, RI is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Wakefield-Peace Dale, RI?

The median sold price in Wakefield-Peace Dale, RI is $600,000 (about $376 per square foot).

Investing in Wakefield-Peace Dale, RI Real Estate

A data-driven snapshot of the Wakefield-Peace Dale, 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.

$600,000Median sold price

$376Median $/sqft

2.7%Median cap rate

$-1,810Modeled cash flow / mo

+3.4%Appreciation YoY

5.8Months of supply

51Active listings

105Sold (last 12 mo)

What the Wakefield-Peace Dale numbers say

In Wakefield-Peace Dale, RI, the median home sold for $600,000 (about $376 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,810 of monthly cash flow. Sold prices moved +3.4% over the past year. Inventory sits at about 5.8 months of supply. 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 Wakefield-Peace Dale cash-flowing listings

CashFlowRE ranks every for-sale home in Wakefield-Peace Dale, 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 Wakefield-Peace Dale deals, or browse the national market data.