Under $300K Investment Properties for Sale in Cheboygan, MI
Listed for sale 5 days ago
$ 249,000
ROI
23.9
Cash Flow/m
288- 2 Bed
- 2 Bath
- 960 sft
2562 Pinewood Cir, Cheboygan, MI, 49721
Listed for sale 6 days ago
$ 235,000
ROI
21.8Cash Flow/m
135- 3 Bed
- 1 Bath
- 2040 sft
7506 Church Rd, Cheboygan, MI, 49721
Fix & Flip
Listed for sale 7 days ago
$ 160,000
ROI
23.8Cash Flow/m
180- 3 Bed
- 1 Bath
- 1386 sft
615 Duncan Ave, Cheboygan, MI, 49721
$ 179,900
ROI
23.1Cash Flow/m
169- 3 Bed
- 1 Bath
- 1200 sft
597 Garfield Ave, 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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