Under $200K Investment Properties for Sale in Erie, KS
1395- 4 Bed
- 3 Bath
- 2500 sft
150- 3 Bed
- 2 Bath
- 1334 sft
138- 3 Bed
- 1 Bath
- 1404 sft
175- 3 Bed
- 2 Bath
- 1308 sft
Why Invest in Erie, Kansas?
Investing in Erie, KS under $200k offers a unique opportunity to capitalize on affordable real estate in a growing community. With an average ROI of 6%, rental yields near 8%, and cap rates around 7%, properties here deliver stable income streams. Average rent prices sit comfortably around $850, supporting consistent cash flow for investors. The appreciation trend remains positive at 3% annually, reflecting increasing demand in the area. Additionally, a renter-occupied rate of 45% reinforces a solid tenant base within this price range.
Frequently Asked Questions
Properties under $200k in Erie typically include single-family homes and small multi-family units suitable for rental investments. These properties are well-positioned for affordable entry into the local market.
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