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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 2 days ago
$ 219,900
ROI
24.3
Cash Flow/m
278- 3 Bed
- 2 Bath
- 1416 sft
300 Highland Ave, Erie, IL, 61250
$ 140,000
ROI
22.5Cash Flow/m
107- 3 Bed
- 2 Bath
- 1200 sft
1211 16th Ave, Erie, IL, 61250
$ 169,900
ROI
22.2Cash Flow/m
117- 3 Bed
- 2 Bath
- 1459 sft
6740 Albany Rd, Erie, IL, 61250
$ 150,000
ROI
25.1Cash Flow/m
223- 2 Bed
- 1 Bath
- 890 sft
517 Main St, 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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