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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K 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?
Investing in Erie, IL for properties under $200k presents an opportunity to tap into a growing real estate market with a rising demand for affordable housing. With an average rental yield of around 8% and a cap rate of approximately 10%, the area offers a promising return for investors looking to enter lower-cost markets. While prices are generally affordable, consider the potential for significant cash flow when properties are well managed.
12%
Avg. ROI
8%
Rental Yield
10%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
In Erie, IL, you can find a variety of properties under $200k, including single-family homes and multi-family units. These properties typically appeal to first-time homebuyers and investors looking for affordable rental options.
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