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.

Single Family Homes for Sale in Cheboygan, MI

Search for Single Family Residential for Sale in Cheboygan, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 44 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
9265 John Werner Drive Cheboygan, MI Well-maintained 3-bedroom, 2-bathroom home on a private 1.27-acre lot just outside of Cheb...	3 beds \| 2 baths \| 1,680 sq.ft.	$249,900	Airbnb cash on cash: 3.98% Traditional cash on cash: 8.93% Airbnb Rental Income: $1869 Traditional Rental Income: $2537 Airbnb ROI: 3.98% Traditional ROI: 8.93%
178 Riverside Drive Cheboygan, MI Enjoy stress-free time on the Cheboygan River in this turn-key fully remodeled 5-bedroom, ...	5 beds \| 4 baths \| 3,360 sq.ft.	$525,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 6.27% Airbnb Rental Income: $3144 Traditional Rental Income: $4411 Airbnb ROI: 2.24% Traditional ROI: 6.27%
16294 Morningside Ln Cheboygan, MI Escape to this charming 2-bedroom, 2-bath ranch home offering breathtaking views and deede...	2 beds \| 2 baths \| 1,481 sq.ft.	$379,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 4.49% Airbnb Rental Income: $1468 Traditional Rental Income: $2191 Airbnb ROI: 1.23% Traditional ROI: 4.49%
216 Riverside Drive Cheboygan, MI Prime Inland Waterway location with 100 feet of frontage on the Cheboygan River, just minu...	3 beds \| 2 baths \| 1,938 sq.ft.	$432,500	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.33% Airbnb Rental Income: $1869 Traditional Rental Income: $2870 Airbnb ROI: 0.62% Traditional ROI: 4.33%
3301 Bennett Cheboygan, MI Meticulously kept 3-bedroom, 2-bath home on nearly 20 acres of magnificent hardwoods, perf...	3 beds \| 2 baths \| 1,456 sq.ft.	$285,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.88% Airbnb Rental Income: $1869 Traditional Rental Income: $2348 Airbnb ROI: 2.23% Traditional ROI: 5.88%
509 W First St Cheboygan, MI Welcome to 509 W First St! This 4-bedroom, 2-bath home is perfectly located just a short w...	4 beds \| 2 baths \| 2,216 sq.ft.	$199,000	Airbnb cash on cash: 7.79% Traditional cash on cash: 11.84% Airbnb Rental Income: $2577 Traditional Rental Income: $2725 Airbnb ROI: 7.79% Traditional ROI: 11.84%
1803 N M 33 HWY Cheboygan, MI Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 2 baths \| 1,450 sq.ft.	$177,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 9.67% Airbnb Rental Income: $1869 Traditional Rental Income: $2146 Airbnb ROI: 5.06% Traditional ROI: 9.67%
7209 S River Rd Cheboygan, MI Nestled along S River Road, this inviting 3-bedroom, 1-bath home offers a peaceful Norther...	3 beds \| 1 baths \| 3,192 sq.ft.	$259,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 1.97% Airbnb Rental Income: $1869 Traditional Rental Income: $1196 Airbnb ROI: 2.68% Traditional ROI: 1.97%
8658 W Black Ln Cheboygan, MI Welcome to your slice of Northern Michigan waterfront living on the Black River, where eve...	4 beds \| 2 baths \| 2,472 sq.ft.	$639,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 1.12% Airbnb Rental Income: $2577 Traditional Rental Income: $2270 Airbnb ROI: 0.6% Traditional ROI: 1.12%
1454 Sand Road Cheboygan, MI Charming 3-bedroom, 2-bath home nestled on 7 acres of beautiful hardwoods and located with...	3 beds \| 2 baths \| 2,900 sq.ft.	$419,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 4.83% Airbnb Rental Income: $1869 Traditional Rental Income: $2551 Airbnb ROI: 1.82% Traditional ROI: 4.83%
6626 Varonica Lane Cheboygan, MI A rare Northern Michigan offering with endless potential. This unique property boasts 714 ...	3 beds \| 2 baths \| 1,749 sq.ft.	$365,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 6.22% Airbnb Rental Income: $1869 Traditional Rental Income: $2819 Airbnb ROI: 1.99% Traditional ROI: 6.22%
6491 Carey Rd Cheboygan, MI Welcome to your perfect cozy cabin or year-round home! This well-maintained home and yard...	1 beds \| 1 baths \| 770 sq.ft.	$205,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 5.3% Airbnb Rental Income: $1311 Traditional Rental Income: $1388 Airbnb ROI: 2.81% Traditional ROI: 5.3%
10285 Scanlon Drive Cheboygan, MI Put your personal touch on this 2-bedroom, 2-bath, 1,200 sq. ft. home and make it your own...	2 beds \| 2 baths \| 1,225 sq.ft.	$157,500	Airbnb cash on cash: 4.3% Traditional cash on cash: 10.94% Airbnb Rental Income: $1468 Traditional Rental Income: $2033 Airbnb ROI: 4.3% Traditional ROI: 10.94%
996 LaHaie Road Cheboygan, MI 19+ WILDLIFE ACRES! This sprawling 2,623 sq. ft. ranch is a secluded dream in Cheboygan. T...	4 beds \| 3 baths \| 2,623 sq.ft.	$499,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 5.03% Airbnb Rental Income: $2577 Traditional Rental Income: $3152 Airbnb ROI: 2.48% Traditional ROI: 5.03%
190 Riverside Drive Cheboygan, MI Live the Inland Waterway Lifestyle on Riverside Drive Mornings here start slower... Coffee...	4 beds \| 3 baths \| 2,250 sq.ft.	$479,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.37% Airbnb Rental Income: $2577 Traditional Rental Income: $2952 Airbnb ROI: 2.16% Traditional ROI: 4.37%
6637 Forsyth Drive Cheboygan, MI Nestled at the end of a quiet street on a cul-de-sac lies 300' of frontage with a 2 bedroo...	2 beds \| 1 baths \| 978 sq.ft.	$324,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.5% Airbnb Rental Income: $1468 Traditional Rental Income: $1322 Airbnb ROI: 0.56% Traditional ROI: 1.5%
415 George St Cheboygan, MI Not your typical new build, this sustainable eco-home is the first of its kind in Northern...	2 beds \| 1 baths \| 936 sq.ft.	$249,999	Airbnb cash on cash: 1.47% Traditional cash on cash: 3.62% Airbnb Rental Income: $1468 Traditional Rental Income: $1543 Airbnb ROI: 1.47% Traditional ROI: 3.62%
10685 Upper Mograin Road Cheboygan, MI This property is where outdoor adventure meets year round comfort. While being located jus...	3 beds \| 2 baths \| 1,456 sq.ft.	$299,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 4.74% Airbnb Rental Income: $1869 Traditional Rental Income: $2138 Airbnb ROI: 2.01% Traditional ROI: 4.74%
1238 Court St Cheboygan, MI Located in Cheboygan, known for its Inland Waterway and four-season recreation, this prope...	5 beds \| 2 baths \| 2,727 sq.ft.	$275,000	Airbnb cash on cash: 6.5% Traditional cash on cash: 6.69% Airbnb Rental Income: $3144 Traditional Rental Income: $2482 Airbnb ROI: 6.5% Traditional ROI: 6.69%
5699 S Smith Rd Cheboygan, MI 5699 S Smith Rd, Cheboygan, MI 49721 \| Single Family Residential	2 beds \| 1 baths \| 912 sq.ft.	$334,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 1.3% Airbnb Rental Income: $1468 Traditional Rental Income: $1298 Airbnb ROI: 0.47% Traditional ROI: 1.3%
323 S C Street Cheboygan, MI Motivated sellers! This 3 bedroom and 1 bath home with a 2 car attached garage is ideally ...	3 beds \| 1 baths \| 1,152 sq.ft.	$189,000	Airbnb cash on cash: 5.17% Traditional cash on cash: 8.12% Airbnb Rental Income: $1869 Traditional Rental Income: $1900 Airbnb ROI: 5.17% Traditional ROI: 8.12%
8991 Cordwood Trail Cheboygan, MI Nestled on 60 feet of prime Lake Huron shoreline, this iconic A-frame cottage blends class...	3 beds \| 1 baths \| 1,265 sq.ft.	$380,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 3.76% Airbnb Rental Income: $1869 Traditional Rental Income: $2055 Airbnb ROI: 1.84% Traditional ROI: 3.76%
6595 Little Canada Rd Cheboygan, MI 6595 Little Canada Rd, Cheboygan, MI 49721 \| Single Family Residential	2 beds \| 1 baths \| 768 sq.ft.	$399,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 1.53% Airbnb Rental Income: $1468 Traditional Rental Income: $1611 Airbnb ROI: -0.01% Traditional ROI: 1.53%
5510 Chestnut Drive Cheboygan, MI DON'T MISS YOUR CHANCE TO OWN YOUR SLICE OF NORTHERN MICHIGAN PARADISE ON LONG LAKE! This ...	3 beds \| 2 baths \| 1,232 sq.ft.	$355,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 5.21% Airbnb Rental Income: $1869 Traditional Rental Income: $2290 Airbnb ROI: 2.44% Traditional ROI: 5.21%
9748 S Godin Circle Cheboygan, MI Enjoy waterfront living on beautiful Twin Lakes in Cheboygan County with an impressive 437...	2 beds \| 2 baths \| 1,956 sq.ft.	$479,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.75% Airbnb Rental Income: $1468 Traditional Rental Income: $2796 Airbnb ROI: 0.82% Traditional ROI: 4.75%
2181 E Levering Rd Cheboygan, MI Escape to the peace and privacy of country living with this beautifully maintained 3-bedro...	3 beds \| 2 baths \| 2,102 sq.ft.	$510,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.58% Airbnb Rental Income: $1869 Traditional Rental Income: $2529 Airbnb ROI: 0.15% Traditional ROI: 2.58%
7760 S Extension Road Cheboygan, MI Enjoy the best of country living just 10 minutes from town with easy access on paved roads...	3 beds \| 3 baths \| 2,616 sq.ft.	$375,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 6.81% Airbnb Rental Income: $1869 Traditional Rental Income: $3009 Airbnb ROI: 2.15% Traditional ROI: 6.81%
7361 S Extension Road Cheboygan, MI Welcome to a rare opportunity in the heart of Northern Michigan's historic Riggsville farm...	4 beds \| 3 baths \| 1,978 sq.ft.	$839,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.27% Airbnb Rental Income: $2577 Traditional Rental Income: $2906 Airbnb ROI: 1.06% Traditional ROI: 2.27%
1477 N Black River Rd Cheboygan, MI 1477 N Black River Rd, Cheboygan, MI 49721 \| Single Family Residential	2 beds \| 1 baths \| 1,212 sq.ft.	$129,000	Airbnb cash on cash: 5.08% Traditional cash on cash: 8.32% Airbnb Rental Income: $1468 Traditional Rental Income: $1437 Airbnb ROI: 5.08% Traditional ROI: 8.32%
1391 Mann Road Cheboygan, MI Impeccably maintained 3 bedroom, 2 bath, completely furnished ranch home on 5.97 acres. Ov...	3 beds \| 2 baths \| 1,350 sq.ft.	$329,900	Airbnb cash on cash: 2.73% Traditional cash on cash: 5.61% Airbnb Rental Income: $1869 Traditional Rental Income: $2261 Airbnb ROI: 2.73% Traditional ROI: 5.61%
1539 Mullett Lake Woods Rd Cheboygan, MI Experience the perfect blend of modern design, energy efficiency, and exceptional storage ...	3 beds \| 2 baths \| 1,776 sq.ft.	$599,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 3.8% Airbnb Rental Income: $1869 Traditional Rental Income: $2825 Airbnb ROI: 1.2% Traditional ROI: 3.8%
15105 Beaumont Cheboygan, MI Welcome to 15105 Beaumont Drive, a solid stick-built home offering comfort, potential, and...	2 beds \| 2 baths \| 1,496 sq.ft.	$274,900	Airbnb cash on cash: 2.24% Traditional cash on cash: 7.23% Airbnb Rental Income: $1468 Traditional Rental Income: $2327 Airbnb ROI: 2.24% Traditional ROI: 7.23%
15105 Beaumont Drive Cheboygan, MI Solid stick-built 2-bedroom, 2-bath home with beautiful Lake Huron views and endless poten...	2 beds \| 2 baths \| 1,496 sq.ft.	$274,900	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.94% Airbnb Rental Income: $1468 Traditional Rental Income: $2260 Airbnb ROI: 2.21% Traditional ROI: 6.94%

Your search for investment property begins and ends here

Single Family Homes for Sale in Cheboygan, MI

9265 John Werner Drive

Cheboygan, MI

3 beds | 2 baths | 1,680 sq.ft.

$249,900

Airbnb cash on cash: 3.98%

Traditional cash on cash: 8.93%

Airbnb Rental Income: $1869

Traditional Rental Income: $2537

Airbnb ROI: 3.98%

Traditional ROI: 8.93%

178 Riverside Drive

Cheboygan, MI

5 beds | 4 baths | 3,360 sq.ft.

$525,000

Airbnb cash on cash: 2.24%

Traditional cash on cash: 6.27%

Airbnb Rental Income: $3144

Traditional Rental Income: $4411

Airbnb ROI: 2.24%

Traditional ROI: 6.27%

16294 Morningside Ln

Cheboygan, MI

2 beds | 2 baths | 1,481 sq.ft.

$379,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $1468

Traditional Rental Income: $2191

Airbnb ROI: 1.23%

Traditional ROI: 4.49%

216 Riverside Drive

Cheboygan, MI

3 beds | 2 baths | 1,938 sq.ft.

$432,500

Airbnb cash on cash: 0.62%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1869

Traditional Rental Income: $2870

Airbnb ROI: 0.62%

Traditional ROI: 4.33%

3301 Bennett

Cheboygan, MI

3 beds | 2 baths | 1,456 sq.ft.

$285,000

Airbnb cash on cash: 2.23%

Traditional cash on cash: 5.88%

Airbnb Rental Income: $1869

Traditional Rental Income: $2348

Airbnb ROI: 2.23%

Traditional ROI: 5.88%

509 W First St

Cheboygan, MI

4 beds | 2 baths | 2,216 sq.ft.

$199,000

Airbnb cash on cash: 7.79%

Traditional cash on cash: 11.84%

Airbnb Rental Income: $2577

Traditional Rental Income: $2725

Airbnb ROI: 7.79%

Traditional ROI: 11.84%

1803 N M 33 HWY

Cheboygan, MI

3 beds | 2 baths | 1,450 sq.ft.

$177,000

Airbnb cash on cash: 5.06%

Traditional cash on cash: 9.67%

Airbnb Rental Income: $1869

Traditional Rental Income: $2146

Airbnb ROI: 5.06%

Traditional ROI: 9.67%

7209 S River Rd

Cheboygan, MI

3 beds | 1 baths | 3,192 sq.ft.

$259,900

Airbnb cash on cash: 2.68%

Traditional cash on cash: 1.97%

Airbnb Rental Income: $1869

Traditional Rental Income: $1196

Airbnb ROI: 2.68%