Under $500K 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
$ 315,000
ROI
22.1Cash Flow/m
206- 4 Bed
- 3 Bath
- 2152 sft
11210 S Dixie Hwy, 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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