
Rhode Island
With tight inventory, rising property values and growing rental demand, Rhode Island has quickly become a hot spot for SFR investors seeking both steady income and long-term appreciation.
Driven by proximity to major metro areas, cities like Newport, Providence and Cranston continue to attract SFR investors across a range of strategies.
Those same markets have all shown strength in average SFR rents. Newport led the way with a staggering 13.3% YoY increase in average SFR rents1. Providence followed closely behind with a 7.8% jump2, while Cranston remained relatively flat3, yet continues to provide consistent rental demand.
Visio Lending is Rhode Island’s premier DSCR lender. SFR investors turn to us for fast, dependable and flexible financing solutions to help them scale their rental portfolios in this dynamic and growing market.
Note: Visio doesn’t charge prepayment penalties for Rhode Island purchase transactions. However, our standard prepay options for refinances are available to investors in this state.
2: Rentometer