Investment Properties Under $200K in Erie, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $200K Investment Properties for Sale in Erie, MI

Property at 6255 S Telegraph Rd #145, Erie, MI
$ 102,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign110
  • 3 Bed
  • 2 Bath
  • 1216 sft
6255 S Telegraph Rd #145, Erie, MI, 48133
Property at 3123 Clayton St, Erie, MI
$ 162,500
ROI
26.2ROI percentage
Cash Flow/m
Dollar sign290
  • 2 Bed
  • 1 Bath
  • 784 sft
3123 Clayton St, Erie, MI, 48133
Property at 2500 Candace St, Erie, MI
$ 200,000
ROI
29.0ROI percentage
Cash Flow/m
Dollar sign515
  • 3 Bed
  • 1 Bath
  • 1107 sft
2500 Candace St, Erie, MI, 48133
Property at 1100 Watson St, Erie, MI
$ 179,900
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign181
  • 3 Bed
  • 1 Bath
  • 1226 sft
1100 Watson St, Erie, MI, 48133

Why Invest in Erie, Michigan?

Investing in Erie, MI properties under $200k offers affordable entry into a market with steady rental demand and attractive cap rates. The average rental yield hovers around 7%, with an average ROI of approximately 9%. Rental rates have shown consistent growth, and cash flow remains positive for investors. With a relatively high renter-occupied rate, Erie provides excellent opportunities for stable income and long-term appreciation.

9%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$120/mo
Avg. Cash Flow
$900/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

Under $200k, buyers will find mostly single-family homes and some multi-family properties suitable for rental investment. These properties offer good potential cash flow and appreciation.

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