Rhode Island — Rental Investment Markets
All Rhode Island metros ranked by cap rate. Median cap rate: 2.6%, median home price: $494,267.
Median Cap Rate
2.6%
Median Home Price
$494,267
Median Rent
$2,210/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Warwick, RI | 3.6% | -$953/mo | $411,505 | $2,220/mo | 🔴 WEAK |
| 2 | Richmond, RI | 3.1% | -$1,410/mo | $494,267 | $2,410/mo | 🔴 WEAK |
| 3 | Providence, RI | 3.1% | -$1,087/mo | $414,853 | $2,040/mo | 🔴 WEAK |
| 4 | East Providence, RI | 3.1% | -$1,197/mo | $442,815 | $2,150/mo | 🔴 WEAK |
| 5 | Cranston, RI | 3.1% | -$1,218/mo | $449,649 | $2,210/mo | 🔴 WEAK |
| 6 | Pawtucket, RI | 3.0% | -$1,114/mo | $395,248 | $1,890/mo | 🔴 WEAK |
| 7 | Scituate, RI | 2.9% | -$1,563/mo | $540,372 | $2,490/mo | 🔴 WEAK |
| 8 | Coventry, RI | 2.8% | -$1,494/mo | $491,919 | $2,220/mo | 🔴 WEAK |
| 9 | Bradford, RI | 2.6% | -$1,380/mo | $440,883 | $1,940/mo | 🔴 WEAK |
| 10 | Tiverton, RI | 2.5% | -$1,781/mo | $555,116 | $2,390/mo | 🔴 WEAK |
| 11 | Hopkinton, RI | 2.5% | -$1,620/mo | $494,694 | $2,030/mo | 🔴 WEAK |
| 12 | Burrillville, RI | 2.2% | -$1,602/mo | $475,657 | $1,865/mo | 🔴 WEAK |
| 13 | Smithfield, RI | 1.7% | -$2,019/mo | $521,604 | $1,825/mo | 🔴 POOR |
| 14 | South Kingstown, RI | 1.7% | -$2,778/mo | $706,635 | $2,420/mo | 🔴 POOR |
| 15 | Westerly, RI | 1.6% | -$2,485/mo | $624,268 | $2,100/mo | 🔴 POOR |
| 16 | North Kingstown, RI | 1.4% | -$3,226/mo | $758,608 | $2,300/mo | 🔴 POOR |
| 17 | Newport, RI | 1.4% | -$3,907/mo | $948,386 | $3,030/mo | 🔴 POOR |