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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Erie, IL
Listed for sale 1 day ago
$ 135,900
ROI
23.3
Cash Flow/m
134- 3 Bed
- 1 Bath
- 1400 sft
1884 Banks Rd, Erie, IL, 61250
Fix & Flip
$ 165,000
ROI
25.6Cash Flow/m
268- 3 Bed
- 3 Bath
- 1150 sft
7820 Kelly Ct, Erie, IL, 61250
$ 110,000
ROI
33.0Cash Flow/m
405- 3 Bed
- 1 Bath
- 877 sft
7180 Smit Rd, Erie, IL, 61250
$ 162,500
ROI
20.7Cash Flow/m
43- 2 Bed
- 1 Bath
- 1395 sft
1320 6th Ave, Erie, IL, 61250
Why Invest in Erie, Illinois?
Erie, IL, presents an interesting opportunity for single-family investments. With a strong community feel and a rising rental demand, this area is poised for positive cash flow. Investors can benefit from a favorable rental yield and a stable appreciation forecast.
8.5%
Avg. ROI
6%
Rental Yield
7.2%
Cap Rate
$350/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental price for a single-family home in Erie, IL is approximately $1,200 per month, providing good cash flow potential for investors.
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