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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
$ 129,900
ROI
23.4
Cash Flow/m
130- 2 Bed
- 1 Bath
- 660 sft
9834 Streeter Rd, Erie, MI, 48133
$ 142,900
ROI
24.8Cash Flow/m
199- 3 Bed
- 2 Bath
- 1658 sft
313 Westfield Dr, Erie, MI, 48133
$ 179,900
ROI
29.9Cash Flow/m
507- 3 Bed
- 1 Bath
- 1140 sft
3344 Cousino Rd, Erie, MI, 48133
$ 178,500
ROI
27.6Cash Flow/m
390- 3 Bed
- 2 Bath
- 1568 sft
6255 S Telegraph Rd #364, 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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