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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $200K Investment Properties for Sale in Cheboygan, MI
Listed for sale 3 days ago
$ 135,000
ROI
24.5
Cash Flow/m
177- 3 Bed
- 2 Bath
- 1719 sft
202 S Western Ave, Cheboygan, MI, 49721
Listed for sale 7 days ago
$ 139,500
ROI
24.6Cash Flow/m
190- 3 Bed
- 1 Bath
- 1344 sft
1107 Randolph St, Cheboygan, MI, 49721
Listed for sale 7 days ago
$ 110,000
ROI
24.9Cash Flow/m
157- 4 Bed
- 1 Bath
- 1350 sft
421 Sutherland St, Cheboygan, MI, 49721
Airbnb Potential
Listed for sale 7 days ago
$ 105,000
ROI
24.6Cash Flow/m
141- 3 Bed
- 2 Bath
- 970 sft
2288 Riggsville Rd, Cheboygan, MI, 49721
Why Invest in Cheboygan, Michigan?
Investing in Cheboygan, MI with properties under $200k offers a unique opportunity for affordable real estate investments. This market boasts an average ROI of 7%, a healthy rental yield of 8%, and cap rates around 6%. The average cash flow on rentals remains stable, supported by an average rent of approximately $850. With a steady appreciation rate of 2.5% and renter-occupied units comprising 45%, the area remains attractive for income-focused investors.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.5%
1Y Appreciation
Frequently Asked Questions
Cheboygan offers affordable properties with solid rental yields and good appreciation potential. The market benefits from steady economic growth and moderate population increases.
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