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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family 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 single-family homes in Cheboygan, MI offers a stable opportunity with a growing rental market and affordable property prices. The local rental yield averages around 7%, with a cap rate near 6%, reflecting solid returns for investors. Average cash flow is positive, supported by an average rent of approximately $850 monthly. Appreciation rates hover near 2.5% annually, bolstered by steady renter occupancy above 60%. This market appeals to investors seeking consistent income and moderate growth in Michigan's northern region.
7%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Cheboygan is around 7%, making it a solid market for rental income investors.
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