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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
Fix & Flip
$ 150,000
ROI
26.0
Cash Flow/m
263- 3 Bed
- 3 Bath
- 1150 sft
7820 Kelly Ct, Erie, IL, 61250
$ 129,000
ROI
27.3Cash Flow/m
270- 2 Bed
- 1 Bath
- 890 sft
517 Main St, Erie, IL, 61250
$ 199,000
ROI
22.1Cash Flow/m
130- 8 Bed
- 4 Bath
- - sft
700 5th Ave, Erie, IL, 61250
$ 199,900
ROI
22.1Cash Flow/m
129- 3 Bed
- 2 Bath
- 1416 sft
300 Highland 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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