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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K 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 6 days ago
$ 249,000
ROI
27.8Cash Flow/m
554- 3 Bed
- 3 Bath
- 1253 sft
6903 Tim Buck Trl, Cheboygan, MI, 49721
Why Invest in Cheboygan, Michigan?
Investing in Cheboygan, MI under $300k offers a unique opportunity to capitalize on affordable real estate with promising returns. The area shows an average ROI of 6.2%, rental yields around 8.5%, and a cap rate near 7%, making it attractive for investors focused on cash flow. Average monthly rent stands at $850, with positive appreciation trends supporting long-term value growth. With a renter occupancy rate of 65%, demand remains consistent for lower-priced properties.
6.2%
Avg. ROI
8.5%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
There are a variety of single-family homes and smaller multifamily properties available under $300k in Cheboygan, suitable for both first-time investors and those focusing on steady rental income.
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