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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 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 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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