Under $200K Investment Properties for Sale in Erie, MI
$ 139,900
ROI
24.3
Cash Flow/m
178- 2 Bed
- 1 Bath
- 953 sft
991 Streetman St, Erie, MI, 48133
$ 174,900
ROI
28.3Cash Flow/m
414- 3 Bed
- 2 Bath
- 1680 sft
Adventure 35 Northtowne Meadows Plan, Northtowne Meadows, Erie, MI, 48133
Fix & Flip
$ 179,900
ROI
24.0Cash Flow/m
211- 4 Bed
- 2 Bath
- 1432 sft
9457 Perry Rd, Erie, MI, 48133
$ 173,500
ROI
28.5Cash Flow/m
423- 3 Bed
- 2 Bath
- 1440 sft
Adventure 311 Northtowne Meadows Plan, Northtowne Meadows, 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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