Under $500K Investment Properties for Sale in Erie, KS
150- 3 Bed
- 2 Bath
- 1334 sft
138- 3 Bed
- 1 Bath
- 1404 sft
175- 3 Bed
- 2 Bath
- 1308 sft
100- 3 Bed
- 1 Bath
- 1161 sft
118- 3 Bed
- 2 Bath
- 1232 sft
138- 2 Bed
- 1 Bath
- 1036 sft
-- 3 Bed
- 2 Bath
- 1076 sft
102- 3 Bed
- 2 Bath
- 1452 sft
131- 2 Bed
- 1 Bath
- 900 sft
122- 3 Bed
- 2 Bath
- 2324 sft
133- 4 Bed
- 2 Bath
- 1577 sft
106- 2 Bed
- 1 Bath
- 690 sft
113- 2 Bed
- 1 Bath
- 836 sft
325- - Bed
- 4 Bath
- 4488 sft
-- 2 Bed
- 1 Bath
- 1181 sft
99- 4 Bed
- 2 Bath
- 2291 sft
-- 3 Bed
- 1 Bath
- 1282 sft
98- 3 Bed
- 1 Bath
- 960 sft
103- 2 Bed
- 1 Bath
- 1539 sft
93- 3 Bed
- 1 Bath
- 1122 sft
325- 3 Bed
- 2 Bath
- 1541 sft
332- 4 Bed
- 1 Bath
- 1352 sft
113- 3 Bed
- 1 Bath
- 816 sft
- 2 Bed
- 1 Bath
- 1140 sft
107- 4 Bed
- 2 Bath
- 2400 sft
-- 4 Bed
- 2 Bath
- 1296 sft
127- 4 Bed
- 3 Bath
- 2085 sft
Why Invest in Erie, Kansas?
Investing in Erie, KS, under $500K offers a unique opportunity for steady rental income in a growing community. The local market boasts an average ROI of 8%, with rental yields around 7%, providing a balanced risk-return profile for investors. Cap rates average 6%, reflecting solid cash flow potential in affordable housing segments. Median rents hover near $900 per month, supported by a renter-occupied rate of 45%. Appreciation trends suggest moderate growth, enhancing long-term value prospects for real estate investments in this area.
Frequently Asked Questions
Under $500K, investors can find single-family homes, small multi-family units, and some newer construction options suitable for rental investment.
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