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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 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 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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