Under $500K 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 $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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