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 7820 Kelly Ct, Erie, IL
Fix & Flip
$ 150,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign263
  • 3 Bed
  • 3 Bath
  • 1150 sft
7820 Kelly Ct, Erie, IL, 61250
Property at 517 Main St, Erie, IL
$ 129,000
ROI
27.3ROI percentage
Cash Flow/m
Dollar sign270
  • 2 Bed
  • 1 Bath
  • 890 sft
517 Main St, Erie, IL, 61250
Property at 700 5th Ave, Erie, IL
$ 199,000
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign130
  • 8 Bed
  • 4 Bath
  • - sft
700 5th Ave, Erie, IL, 61250
Property at 300 Highland Ave, Erie, IL
$ 199,900
ROI
22.1ROI percentage
Cash Flow/m
Dollar sign129
  • 3 Bed
  • 2 Bath
  • 1416 sft
300 Highland 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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