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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
$ 102,000
ROI
23.6
Cash Flow/m
110- 3 Bed
- 2 Bath
- 1216 sft
6255 S Telegraph Rd #145, Erie, MI, 48133
$ 285,000
ROI
20.7Cash Flow/m
73- 3 Bed
- 2 Bath
- 1613 sft
7109 Iroquois St, Erie, MI, 48133
$ 235,000
ROI
26.5Cash Flow/m
439- 3 Bed
- 2 Bath
- 1520 sft
2361 Manhattan St, Erie, MI, 48133
$ 162,500
ROI
26.2Cash Flow/m
290- 2 Bed
- 1 Bath
- 784 sft
3123 Clayton St, 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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