Investment Properties Under $500K in Erie, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $500K Investment Properties for Sale in Erie, IL

Property at 8295 Hurd Rd, Erie, IL
$ 225,000
ROI
20.6ROI percentage
Cash Flow/m
Dollar sign53
  • 4 Bed
  • 1 Bath
  • 1200 sft
8295 Hurd Rd, Erie, IL, 61250
Property at 1010 Main St, Erie, IL
$ 120,000
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign87
  • 2 Bed
  • 1 Bath
  • 1315 sft
1010 Main St, Erie, IL, 61250
Property at 7820 Kelly Ct, Erie, IL
Fix & Flip
$ 150,000
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign149
  • 3 Bed
  • 3 Bath
  • 1150 sft
7820 Kelly Ct, Erie, IL, 61250
Property at 517 Main St, Erie, IL
$ 109,000
ROI
29.8ROI percentage
Cash Flow/m
Dollar sign306
  • 2 Bed
  • 1 Bath
  • 890 sft
517 Main St, Erie, IL, 61250

Why Invest in Erie, Illinois?

Investing in Erie, IL, offers unique opportunities for properties priced under $500k. With a steady growth in rental yields and affordability, this area attracts potential investors looking for high cash flow. The local market dynamics present favorable cap rates, making Erie an appealing choice for smart investment.

8.5%
Avg. ROI
7.2%
Rental Yield
6%
Cap Rate
$1200/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

Average rental prices in Erie, IL, are around $1,600 per month. This figure reflects the recent growth in the market and the demand for rental properties.

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