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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
$ 179,900
ROI
23.7
Cash Flow/m
196- 3 Bed
- 2 Bath
- 1329 sft
622 S Palmyra St, Cheboygan, MI, 49721
$ 129,000
ROI
24.8Cash Flow/m
179- 2 Bed
- 1 Bath
- 1212 sft
1477 N Black River Rd, Cheboygan, MI, 49721
$ 124,500
ROI
24.7Cash Flow/m
171- 2 Bed
- 1 Bath
- 716 sft
511 S Palmyra St, Cheboygan, MI, 49721
$ 195,000
ROI
30.4Cash Flow/m
578- 4 Bed
- 1 Bath
- 1800 sft
324 Cleveland Ave, 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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