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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Charlevoix, MI
Fix & Flip
Listed for sale 7 days ago
$ 150,000
ROI
24.5
Cash Flow/m
196- 3 Bed
- 1 Bath
- 928 sft
5681 M 66 N, Charlevoix, MI, 49720
Currently Rented
$ 229,000
ROI
20.4Cash Flow/m
41- 1 Bed
- 1 Bath
- 591 sft
101 Michigan Ave #109, Charlevoix, MI, 49720
Rental Income
$ 229,000
ROI
20.6Cash Flow/m
52- 1 Bed
- 1 Bath
- 531 sft
101 Michigan Ave #105, Charlevoix, MI, 49720
$ 399,900
ROI
20.8Cash Flow/m
114- 3 Bed
- 2 Bath
- 2116 sft
1130 Red Pine Run, Charlevoix, MI, 49720
Why Invest in Charlevoix, Michigan?
Investing in Charlevoix, MI offers attractive opportunities for real estate investors seeking a stable market with diversified rental segments. The city features a solid average ROI of 6.5%, supported by a rental yield of 7.8% and a cap rate near 5.5%. Average cash flow remains positive with a steady appreciation rate around 3.2% annually. Renter occupancy is strong at 68%, reflecting consistent demand in this Michigan community driven by tourism and small business growth.
6.5%
Avg. ROI
7.8%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rent in Charlevoix is approximately $950 per month, which reflects steady demand influenced by seasonal tourism and local employment.
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