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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 3 days ago
$ 219,000
ROI
25.4
Cash Flow/m
341- 2 Bed
- 1 Bath
- 1350 sft
8335 Us Highway 23, Cheboygan, MI, 49721
Listed for sale 3 days ago
$ 135,000
ROI
24.5Cash Flow/m
177- 3 Bed
- 2 Bath
- 1719 sft
202 S Western Ave, Cheboygan, MI, 49721
Listed for sale 3 days ago
$ 299,000
ROI
22.8Cash Flow/m
255- 3 Bed
- 2 Bath
- 1531 sft
9378 Manderson Dr, Cheboygan, MI, 49721
Listed for sale 3 days ago
$ 279,989
ROI
26.7Cash Flow/m
538- 3 Bed
- 2 Bath
- 1800 sft
14200 Scenic Ct, 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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