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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
$ 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
$ 339,900
ROI
26.3Cash Flow/m
623- 6 Bed
- 1 Bath
- 2536 sft
9061 S Dixie Hwy, Erie, MI, 48133
$ 380,000
ROI
23.3Cash Flow/m
374- 4 Bed
- 3 Bath
- 2390 sft
9117 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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