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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
High Rental Yield Investment Properties for Sale in Cheboygan, MI
Listed for sale 1 day ago
$ 215,000
ROI
28.5
Cash Flow/m
524- 3 Bed
- 1 Bath
- 1400 sft
300 S D St, Cheboygan, MI, 49721
Listed for sale 3 days ago
$ 199,900
ROI
24.0Cash Flow/m
238- 3 Bed
- 2 Bath
- 1863 sft
7985 E Us Highway 23, Cheboygan, MI, 49721
Listed for sale 4 days ago
$ 229,900
ROI
24.0Cash Flow/m
271- 3 Bed
- 2 Bath
- 1440 sft
8200 Lakewood Dr, Cheboygan, MI, 49721
Listed for sale 5 days ago
$ 325,000
ROI
20.6Cash Flow/m
74- 2 Bed
- 2 Bath
- 1337 sft
5423 Reynolds Rd, Cheboygan, MI, 49721
Why Invest in Cheboygan, Michigan?
Investing in high rental yield properties in Cheboygan, MI offers a compelling opportunity for steady cash flow and strong returns. This region boasts an average rental yield of 8.5%, with cap rates around 7%, making it attractive for income-focused investors. Average rents are approximately $850 per month, supporting a positive cash flow near $150 monthly. The area's appreciation rate of 3% annually and a renter occupancy rate exceeding 65% further underline its investment potential.
7.2%
Avg. ROI
8.5%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for high rental yield properties in Cheboygan is approximately 8.5%, making it a solid choice for investors seeking good cash flow.
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