Under $300K Investment Properties for Sale in Erie, MI
130- 2 Bed
- 1 Bath
- 660 sft
199- 3 Bed
- 2 Bath
- 1658 sft
149- 4 Bed
- 3 Bath
- 1800 sft
507- 3 Bed
- 1 Bath
- 1140 sft
Why Invest in Erie, Michigan?
Investing in Erie, MI properties under $300k offers a balanced opportunity for solid returns in a growing market. This filter highlights affordable options with average rental yields around 7%, cap rates near 6%, and average cash flow of approximately $200 per month. Erie benefits from moderate appreciation rates around 3%, making it attractive for long-term investment. The renter-occupied rate is robust at about 60%, indicating steady demand. These metrics align well with investors seeking reliable income streams in a mid-sized Michigan location.
Frequently Asked Questions
The average rental yield for properties under $300k in Erie, MI is approximately 7%, reflecting solid income potential for investors in this price range.
Find Your Perfect Investment Property in Erie, Michigan
Explore investment opportunities by strategy, performance, or property type
