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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Erie, MI
$ 259,900
ROI
23.1
Cash Flow/m
243- 3 Bed
- 2 Bath
- 1400 sft
1255 Sterns Rd, Erie, MI, 48133
$ 349,900
ROI
23.5Cash Flow/m
359- 4 Bed
- 2 Bath
- 2238 sft
978 Streetman St, Erie, MI, 48133
$ 299,000
ROI
20.4Cash Flow/m
54- 3 Bed
- 1 Bath
- 1875 sft
10104 Bay Creek Rd, Erie, MI, 48133
$ 179,000
ROI
31.0Cash Flow/m
560- 3 Bed
- 1 Bath
- 1216 sft
2042 Wilson Dr, Erie, MI, 48133
Why Invest in Erie, Michigan?
Investing in Erie, MI properties under $500k offers compelling opportunities for strong cash flow and steady rental yields. This market features average rental yields around 7%, a cap rate close to 6%, and consistent appreciation rates of approximately 3% annually. The area's renter-occupied rate is high, reflecting solid demand for affordable housing. These factors make Erie an attractive location for investors seeking stable returns in Michigan's real estate market.
8%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$800/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Erie for properties under $500k is approximately 7%, reflecting strong rental demand and affordable housing options.
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