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 1884 Banks Rd, Erie, IL
Listed for sale 1 day ago
$ 135,900
ROI
23.3ROI percentage
Cash Flow/m
Dollar sign134
  • 3 Bed
  • 1 Bath
  • 1400 sft
1884 Banks Rd, Erie, IL, 61250
Property at 7820 Kelly Ct, Erie, IL
Fix & Flip
$ 165,000
ROI
25.6ROI percentage
Cash Flow/m
Dollar sign268
  • 3 Bed
  • 3 Bath
  • 1150 sft
7820 Kelly Ct, Erie, IL, 61250
Property at 7180 Smit Rd, Erie, IL
$ 110,000
ROI
33.0ROI percentage
Cash Flow/m
Dollar sign405
  • 3 Bed
  • 1 Bath
  • 877 sft
7180 Smit Rd, Erie, IL, 61250
Property at 1320 6th Ave, Erie, IL
$ 162,500
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign43
  • 2 Bed
  • 1 Bath
  • 1395 sft
1320 6th Ave, 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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