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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
$ 264,000
ROI
30.5
Cash Flow/m
792- 3 Bed
- 2 Bath
- 1704 sft
8991 N Black River Rd, Cheboygan, MI, 49721
$ 295,000
ROI
20.9Cash Flow/m
95- 3 Bed
- 1 Bath
- 1641 sft
790 Indian Trail Rd, Cheboygan, MI, 49721
$ 235,000
ROI
21.3Cash Flow/m
99- 3 Bed
- 1 Bath
- 1668 sft
505 Lafayette Ave, Cheboygan, MI, 49721
$ 179,900
ROI
23.7Cash Flow/m
196- 3 Bed
- 2 Bath
- 1329 sft
622 S Palmyra St, 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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