Under $300K Investment Properties for Sale in Erie, PA
148- 3 Bed
- 1 Bath
- 1246 sft
184- 3 Bed
- 2 Bath
- 1330 sft
557- 4 Bed
- 2 Bath
- 2136 sft
135- 4 Bed
- 2 Bath
- 1581 sft
Why Invest in Erie, Pennsylvania?
Erie, PA offers strong investment opportunities in properties under $300k, with affordable entry points for cash-flowing rentals. Lakefront location drives steady demand from renters, supported by a **6.5% rental yield** and **8% cap rate**. Annual appreciation averages 4%, while **45% renter occupancy** ensures reliable income. Low purchase prices combined with median rents around $1,100 make it ideal for value-add strategies. Stable local economy bolsters long-term **avgROI of 10%**.
Frequently Asked Questions
Erie's low entry prices under $300k yield strong cash flow with 6-8% cap rates and reliable renter demand. Proximity to Lake Erie supports appreciation around 4% annually. Stable employment from manufacturing and healthcare ensures tenant stability.
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