0VL Main St
About This Property
Contact agent button does NOT get you to that agent. Located in Cheboygan County just off the exit in Wolverine with frontage on Main St. and I-75. At approximately 236 ac, this diverse tract features a great trail system through the rolling hills and open field areas. There is a creek and a couple small ponds in between the stands of Spruce, Pine, Aspen and hardwoods. Over the years this property has produced some fantastic whitetails and elk along with the occasional bear sighting. There is a smaller rustic log cabin and several blinds on site. Outside of hunting the seller has been approached for commercial and residential opportunities due to the location. Many possibilities for this one! *Maps contained on our sites are there to simply depict the over all layout or shape of a given property and show what it looks like from an aerial view. These maps are neither a legally recorded map, or any type of a legal survey and should never be used as such. Also "Acreage" amounts are displayed as according to the information we have obtained through local government and are in no way guaranteed or warranted to be exact**
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2023 | Sold | ||
| Sold | |||
| Jun 29, 2022 | Listed by Michigan Whitetail Properties | $600,000 | |
| Listed by Michigan Whitetail Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017