Real Estate Investment Properties for Sale in Cheboygan, MI

Looking for investment property in Cheboygan, MI with high ROI ?

Explore a variety of short-term homes & houses in Cheboygan, MI. Invest wisely with VRBO & Cheboygan, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Cheboygan, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1357 Sharon Lane Cheboygan, MI This charming 3-bedroom home offers a peaceful setting in a quiet subdivision, with the ad...	3 beds \| 1 baths \| 1,410 sq.ft.	$259,600	Airbnb cash on cash: 8.61% Traditional cash on cash: 5.48% Airbnb Rental Income: $3610 Traditional Rental Income: $2054 Airbnb ROI: 8.61% Traditional ROI: 5.48%
2041 FRANCE LANE Cheboygan, MI Black River Inland Waterway home on paved road. Remodeled kitchen features white cabinets...	3 beds \| 4 baths \| 2,628 sq.ft.	$714,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 2.31% Airbnb Rental Income: $3610 Traditional Rental Income: $3318 Airbnb ROI: 1.56% Traditional ROI: 2.31%
7667 Covington Drive Cheboygan, MI Charming Black River Home Near Black LakeThis newly remodeled gem features 3 bedrooms, 2 b...	3 beds \| 2 baths \| 1,286 sq.ft.	$410,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 3.67% Airbnb Rental Income: $3610 Traditional Rental Income: $2475 Airbnb ROI: 4.57% Traditional ROI: 3.67%
225 BACKUS STREET Cheboygan, MI Looking for an investment property? This 4 plex could be just the ticket. Property is loca...	N/A beds \| N/A baths \| 2,531 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $1251 Airbnb ROI: N/A Traditional ROI: 3.93%
354 Sammons Street Cheboygan, MI The home includes a upper level unit with 3 bedrooms and 1 bath. The lower level included ...	N/A beds \| N/A baths \| N/A	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $1421 Airbnb ROI: N/A Traditional ROI: 5.03%
106 S C Street Cheboygan, MI FALL CLEARANCE SALE! PRICE DROP! Double corner lot w/ most charming frame built Bungalow ...	2 beds \| 1 baths \| 961 sq.ft.	$154,500	Airbnb cash on cash: 7.82% Traditional cash on cash: 8.49% Airbnb Rental Income: $2169 Traditional Rental Income: $1717 Airbnb ROI: 7.82% Traditional ROI: 8.49%
120A RIVERSIDE DRIVE Cheboygan, MI Enjoy peaceful living in this newly remodeled condo situated directly on the beautiful Che...	2 beds \| 2 baths \| 1,600 sq.ft.	$445,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.22% Airbnb Rental Income: $2169 Traditional Rental Income: $2133 Airbnb ROI: 0.99% Traditional ROI: 2.22%
10881 S Moonlight Bay Road Cheboygan, MI What A Great Home Located on the Inland Waterway On the Cheboygan River with about 158'Ft,...	4 beds \| 4 baths \| 4,080 sq.ft.	$830,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 2.5% Airbnb Rental Income: $3246 Traditional Rental Income: $3985 Airbnb ROI: 0.6% Traditional ROI: 2.5%
7048 W US-23 HIGHWAY Cheboygan, MI 3 Bedroom 3 Bathroom Lake Huron home with breathtaking views of Mackinac Island and the Ma...	3 beds \| 3 baths \| 2,089 sq.ft.	$495,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 3.72% Airbnb Rental Income: $3610 Traditional Rental Income: $2983 Airbnb ROI: 3.36% Traditional ROI: 3.72%
14157 Vaness Drive Cheboygan, MI 2 BEDROOM 1 BATH HOME FOR SALE NEAR CHEBOYGAN WITH LAKE HURON ACCESS JUST DOWN THE STREET....	2 beds \| 1 baths \| 1,152 sq.ft.	$140,000	Airbnb cash on cash: 8.81% Traditional cash on cash: 9.6% Airbnb Rental Income: $2169 Traditional Rental Income: $1725 Airbnb ROI: 8.81% Traditional ROI: 9.6%
7392 M-33 Cheboygan, MI This charming property offers just over an acre of wooded tranquility, providing a peacefu...	2 beds \| 1 baths \| 2,016 sq.ft.	$186,500	Airbnb cash on cash: 6.09% Traditional cash on cash: 7.11% Airbnb Rental Income: $2169 Traditional Rental Income: $1800 Airbnb ROI: 6.09% Traditional ROI: 7.11%
170 Riverside Drive Cheboygan, MI Enjoy the inland waterway from this convenient location near the Lincoln Street bridge in ...	3 beds \| 2 baths \| 2,800 sq.ft.	$449,900	Airbnb cash on cash: 3.95% Traditional cash on cash: 4.34% Airbnb Rental Income: $3610 Traditional Rental Income: $2983 Airbnb ROI: 3.95% Traditional ROI: 4.34%
6544 M-33 Cheboygan, MI Discover the potential of this charming 1960s-era home, waiting for your personal touch to...	4 beds \| 2 baths \| 1,867 sq.ft.	$317,000	Airbnb cash on cash: 5.6% Traditional cash on cash: 6% Airbnb Rental Income: $3246 Traditional Rental Income: $2635 Airbnb ROI: 5.6% Traditional ROI: 6%
1050 MACKINAW AVENUE Cheboygan, MI Welcome to this cute, cozy and meticulously maintained home. When you enter this home you...	3 beds \| 4 baths \| 1,562 sq.ft.	$259,000	Airbnb cash on cash: 9.51% Traditional cash on cash: 8.8% Airbnb Rental Income: $3610 Traditional Rental Income: $2645 Airbnb ROI: 9.51% Traditional ROI: 8.8%
13097 US-23 Cheboygan, MI Discover unparalleled beauty and tranquility at this remarkable lakefront property boastin...	3 beds \| 2 baths \| 1,680 sq.ft.	$419,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 4.52% Airbnb Rental Income: $3610 Traditional Rental Income: $2642 Airbnb ROI: 4.98% Traditional ROI: 4.52%
2960 W US-23 Highway Cheboygan, MI 150' ON LAKE HURON, NEW CONSTRUCTION DECEMBER 2023, CLOSE TO MACKINAW CITY WITH MACKINAC I...	2 beds \| 1 baths \| 952 sq.ft.	$749,500	Airbnb cash on cash: -0.35% Traditional cash on cash: 0.33% Airbnb Rental Income: $2169 Traditional Rental Income: $2089 Airbnb ROI: -0.35% Traditional ROI: 0.33%
103 N Bailey Street Cheboygan, MI Step into a world where history meets lifestyle in this beautifully preserved Victorian ge...	5 beds \| 2 baths \| 3,279 sq.ft.	$245,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.4% Airbnb Rental Income: $null Traditional Rental Income: $2858 Airbnb ROI: N/A Traditional ROI: 9.4%
6674 N Black River Road Cheboygan, MI MOTIVATED SELLERS. BRING OFFER. 4 BEDROOM, 2 BATH HOME FOR SALE NEAR CHEBOYGAN ON 6 + ACRE...	4 beds \| 2 baths \| 1,735 sq.ft.	$239,900	Airbnb cash on cash: 9.28% Traditional cash on cash: 9.31% Airbnb Rental Income: $3246 Traditional Rental Income: $2524 Airbnb ROI: 9.28% Traditional ROI: 9.31%
4152 Long Point Drive Cheboygan, MI ''Toes in the Sand'' perfectly captures the essence of a summer day at this charming Mulle...	5 beds \| 2 baths \| 1,728 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.78% Airbnb Rental Income: $null Traditional Rental Income: $2868 Airbnb ROI: N/A Traditional ROI: 0.78%
9408 N Straits Highway Cheboygan, MI Opportunity abounds with this 8 acres on the Inland Waterway! Zoned commercial developme...	3 beds \| 2 baths \| 1,352 sq.ft.	$1,100,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 1.03% Airbnb Rental Income: $3610 Traditional Rental Income: $2505 Airbnb ROI: 1.34% Traditional ROI: 1.03%
2752 W Us 23 Highway Cheboygan, MI Property Under Contract	3 beds \| 2 baths \| 1,400 sq.ft.	$250,000	Airbnb cash on cash: 9.83% Traditional cash on cash: 6.75% Airbnb Rental Income: $3610 Traditional Rental Income: $2091 Airbnb ROI: 9.83% Traditional ROI: 6.75%
2919 Cedar Beach Lane Cheboygan, MI Experience lakeside luxury with this stunning 4 bed, 4 bath home situated on the serene sh...	4 beds \| 4 baths \| 3,803 sq.ft.	$875,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.69% Airbnb Rental Income: $3246 Traditional Rental Income: $4344 Airbnb ROI: 0.44% Traditional ROI: 2.69%
1537 Tecumseh Road Cheboygan, MI MOTIVVATED SELLER. LARGE 2 BEDROOM HOUSE SITTING ON THE BAYOU OFF THE CHEBOYGAN RIVER FOR ...	2 beds \| 2 baths \| 2,912 sq.ft.	$437,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.3% Airbnb Rental Income: $2169 Traditional Rental Income: $2885 Airbnb ROI: 1.2% Traditional ROI: 4.3%
4310 E Burt Lake Road Cheboygan, MI Welcome to 4310 E Burt Lake Rd! Enjoy this beautiful, open, bright and meticulously mainta...	4 beds \| 2 baths \| 1,914 sq.ft.	$449,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 4.38% Airbnb Rental Income: $3246 Traditional Rental Income: $2699 Airbnb ROI: 3.94% Traditional ROI: 4.38%
7608 W US 23 Cheboygan, MI Priced to sell. Sitting on the bluff with the view of Lake Huron as far as the eye can se...	3 beds \| 2 baths \| 1,152 sq.ft.	$399,900	Airbnb cash on cash: 5.91% Traditional cash on cash: 4.67% Airbnb Rental Income: $3610 Traditional Rental Income: $2353 Airbnb ROI: 5.91% Traditional ROI: 4.67%
10306 Scanlon Drive #& 10305 Cheboygan, MI Welcome to your secluded sanctuary! Nestled at the end of a quiet dead-end road, this spac...	3 beds \| 2 baths \| 1,150 sq.ft.	$299,900	Airbnb cash on cash: 7.78% Traditional cash on cash: 5.17% Airbnb Rental Income: $3610 Traditional Rental Income: $2080 Airbnb ROI: 7.78% Traditional ROI: 5.17%
500 Bayview Drive Cheboygan, MI Stunning Riverfront Retreat: Modern Comfort Meets Scenic Beauty! Welcome to your dream hom...	3 beds \| 3 baths \| 3,560 sq.ft.	$759,500	Airbnb cash on cash: 1.97% Traditional cash on cash: 2.13% Airbnb Rental Income: $3610 Traditional Rental Income: $2935 Airbnb ROI: 1.97% Traditional ROI: 2.13%
638 Snow Apple Court Cheboygan, MI Charming 1,700+ sq ft home, ideally situated just outside the city limits, offering the be...	3 beds \| 2 baths \| 1,710 sq.ft.	$290,000	Airbnb cash on cash: 8.54% Traditional cash on cash: 7.36% Airbnb Rental Income: $3610 Traditional Rental Income: $2497 Airbnb ROI: 8.54% Traditional ROI: 7.36%
651 LAHAIE ROAD Cheboygan, MI Beautiful home with land just outside the city Limits. This 4 bedroom home has had many u...	4 beds \| 2 baths \| 2,915 sq.ft.	$220,000	Airbnb cash on cash: 9.12% Traditional cash on cash: 10.29% Airbnb Rental Income: $3246 Traditional Rental Income: $2761 Airbnb ROI: 9.12% Traditional ROI: 10.29%
3524 Indian Trail Road Cheboygan, MI MOTIVATED SELLER!Discover a delightful 2 bedroom farmhouse perfect for nature lovers and s...	2 beds \| 1 baths \| 1,002 sq.ft.	$173,900	Airbnb cash on cash: 6.7% Traditional cash on cash: 6.57% Airbnb Rental Income: $2169 Traditional Rental Income: $1597 Airbnb ROI: 6.7% Traditional ROI: 6.57%
2232 N BIRCHWOOD ACCESS ROAD Cheboygan, MI Looking for a renovated cozy lakeshore cabin with the best sandy bottomed 204' of waterfro...	2 beds \| 1 baths \| 600 sq.ft.	$425,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 0.46% Airbnb Rental Income: $2169 Traditional Rental Income: $1282 Airbnb ROI: 1.31% Traditional ROI: 0.46%
694 COLONY BEACH LANE UNIT #2 Cheboygan, MI Experience lakefront living year-round in this charming 2-bedroom, 2-bath cottage, offerin...	2 beds \| 2 baths \| 1,202 sq.ft.	$425,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.27% Airbnb Rental Income: $2169 Traditional Rental Income: $2003 Airbnb ROI: 1.31% Traditional ROI: 2.27%
3313 BENNETT ROAD Cheboygan, MI Tucked away in a peaceful neighborhood between Burt and Mullett Lake, this charming three-...	3 beds \| 2 baths \| 1,056 sq.ft.	$249,900	Airbnb cash on cash: 9.03% Traditional cash on cash: 5.84% Airbnb Rental Income: $3610 Traditional Rental Income: $2067 Airbnb ROI: 9.03% Traditional ROI: 5.84%
1379 Sharon Lane Cheboygan, MI Discover your dream home in the desireable Moonlight Bay sub! This beautiful 4-bed, 2.5-ba...	4 beds \| 3 baths \| 3,241 sq.ft.	$319,000	Airbnb cash on cash: 6.46% Traditional cash on cash: 8.45% Airbnb Rental Income: $3246 Traditional Rental Income: $3111 Airbnb ROI: 6.46% Traditional ROI: 8.45%
6626 Varonica Lane Cheboygan, MI Enjoy peace and tranquility at its best with 12.5 acres and 675 feet of river frontage alo...	3 beds \| 2 baths \| 1,749 sq.ft.	$370,000	Airbnb cash on cash: 6.13% Traditional cash on cash: 6.13% Airbnb Rental Income: $3610 Traditional Rental Income: $2819 Airbnb ROI: 6.13% Traditional ROI: 6.13%
660 LAPERELL ROAD Cheboygan, MI Discover a one-of-a-kind living experience in this custom-built, 3-bedroom, 2-bath cordwoo...	3 beds \| 2 baths \| 2,268 sq.ft.	$399,000	Airbnb cash on cash: 5.92% Traditional cash on cash: 5.34% Airbnb Rental Income: $3610 Traditional Rental Income: $2600 Airbnb ROI: 5.92% Traditional ROI: 5.34%
8751 CORDWOOD TRAIL Cheboygan, MI Experience the ultimate lakefront lifestyle in this beautiful 3-bedroom, 2-bath home with ...	3 beds \| 2 baths \| 1,800 sq.ft.	$510,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 3.1% Airbnb Rental Income: $3610 Traditional Rental Income: $2477 Airbnb ROI: 3.82% Traditional ROI: 3.1%
10260 Upper Mograin RD Cheboygan, MI Cheboygan, Benton Twp - This warm and inviting brick ranch home features 3 bedrooms and 1-...	3 beds \| 2 baths \| 1,516 sq.ft.	$299,000	Airbnb cash on cash: 8.22% Traditional cash on cash: 7.27% Airbnb Rental Income: $3610 Traditional Rental Income: $2552 Airbnb ROI: 8.22% Traditional ROI: 7.27%

Real Estate investment in Cheboygan, MI

There are 39 properties for sale in the city of Cheboygan . The median list price in Cheboygan is $259,000 and the average price per square foot is $145. In November 2024, the average monthly cash on cash return in Cheboygan is 6.00%. The average monthly rental income in Cheboygan is $2,203.

Cheboygan, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 39 investment properties available for sale in Cheboygan.

In 2024, the best neighborhood to buy investment property is Cheboygan.

The ROI for Short-Term is higher than the Long-Term in Cheboygan with average rental income of $3,610.

Your search for investment property begins and ends here

Investment Property for Sale in Cheboygan, MI

1357 Sharon Lane

Cheboygan, MI

3 beds | 1 baths | 1,410 sq.ft.

$259,600

Airbnb cash on cash: 8.61%

Traditional cash on cash: 5.48%

Airbnb Rental Income: $3610

Traditional Rental Income: $2054

Airbnb ROI: 8.61%

Traditional ROI: 5.48%

2041 FRANCE LANE

Cheboygan, MI

3 beds | 4 baths | 2,628 sq.ft.

$714,900

Airbnb cash on cash: 1.56%

Traditional cash on cash: 2.31%

Airbnb Rental Income: $3610

Traditional Rental Income: $3318

Airbnb ROI: 1.56%

Traditional ROI: 2.31%

7667 Covington Drive

Cheboygan, MI

3 beds | 2 baths | 1,286 sq.ft.

$410,000

Airbnb cash on cash: 4.57%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $3610

Traditional Rental Income: $2475

Airbnb ROI: 4.57%

Traditional ROI: 3.67%

225 BACKUS STREET

Cheboygan, MI

N/A beds | N/A baths | 2,531 sq.ft.

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.93%

Airbnb Rental Income: $null

Traditional Rental Income: $1251

Airbnb ROI: N/A

Traditional ROI: 3.93%

354 Sammons Street

Cheboygan, MI

N/A beds | N/A baths | N/A

$205,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.03%

Airbnb Rental Income: $null

Traditional Rental Income: $1421

Airbnb ROI: N/A

Traditional ROI: 5.03%

106 S C Street

Cheboygan, MI

2 beds | 1 baths | 961 sq.ft.

$154,500

Airbnb cash on cash: 7.82%

Traditional cash on cash: 8.49%

Airbnb Rental Income: $2169

Traditional Rental Income: $1717

Airbnb ROI: 7.82%

Traditional ROI: 8.49%

120A RIVERSIDE DRIVE

Cheboygan, MI

2 beds | 2 baths | 1,600 sq.ft.

$445,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $2169

Traditional Rental Income: $2133

Airbnb ROI: 0.99%

Traditional ROI: 2.22%

10881 S Moonlight Bay Road

Cheboygan, MI

4 beds | 4 baths | 4,080 sq.ft.

$830,000

Airbnb cash on cash: 0.6%

Traditional cash on cash: 2.5%

Airbnb Rental Income: $3246

Traditional Rental Income: $3985

Airbnb ROI: 0.6%