Real Estate Investment Properties for Sale in Michigan

Looking for investment property in Michigan with high ROI ?

Explore a variety of short-term homes & houses in Michigan. Invest wisely with VRBO & Michigan 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 Michigan

Q: Which city in Michigan to invest in for highest ROI on long term rental properties in 2024

In 2024, Palmyrais the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
18217 SANTA ROSA Drive Detroit, MI Remarks: TENANT IN PLACE TO INCREASE YOUR PORTFOLIO 0R TO LIVE IN. AS IS SALE ONLY. 24 HO...	3 beds \| 1 baths \| 1,398 sq.ft.	$160,000	Airbnb cash on cash: 9.54% Traditional cash on cash: 8.28% Airbnb Rental Income: $2470 Traditional Rental Income: $1677 Airbnb ROI: 9.54% Traditional ROI: 8.28%
5069 YORKSHIRE Road Detroit, MI Welcome to this stunning 4-bedroom, 2-bathroom gem in the heart of East English Village! C...	4 beds \| 2 baths \| 1,399 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8% Airbnb Rental Income: $null Traditional Rental Income: $2165 Airbnb ROI: N/A Traditional ROI: 8%
555 Vinewood Avenue Birmingham, MI UPSCALE. REFINED. SOPHISTICATED. ENERGIZING. THIS EXQUISITE RESIDENCE OFFERS THE MOST EXCE...	5 beds \| 7 baths \| 9,328 sq.ft.	$4,100,000	Airbnb cash on cash: -1.17% Traditional cash on cash: -0.72% Airbnb Rental Income: $5317 Traditional Rental Income: $5942 Airbnb ROI: -1.17% Traditional ROI: -0.72%
15 E KIRBY Street #725 Detroit, MI Beautiful 2 Bedroom Condo in Historic Park Shelton Condominiums facing North with View of ...	2 beds \| 2 baths \| 1,130 sq.ft.	$263,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.88% Airbnb Rental Income: $1757 Traditional Rental Income: $2128 Airbnb ROI: -0.54% Traditional ROI: 2.88%
109 Fieldcrest #101 Ann Arbor, MI Discover the perfect blend of style and convenience in this tastefully updated unit in the...	1 beds \| 1 baths \| 828 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.01% Airbnb Rental Income: $null Traditional Rental Income: $1344 Airbnb ROI: N/A Traditional ROI: 3.01%
2324 Nixon Road Ann Arbor, MI Modern elegance in this updated 4 bedroom, 2.5 bath northside ranch that exudes timeless c...	4 beds \| 3 baths \| 2,073 sq.ft.	$550,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 2.36% Airbnb Rental Income: $5973 Traditional Rental Income: $2732 Airbnb ROI: 6.36% Traditional ROI: 2.36%
6168 Dreamcatcher Road Stevensville, MI Wyndstone Estates a sought after community. This home offers 4 bedrooms, 2.5 bathrooms, an...	4 beds \| 3 baths \| 2,350 sq.ft.	$465,000	Airbnb cash on cash: 6.8% Traditional cash on cash: 4.46% Airbnb Rental Income: $4978 Traditional Rental Income: $2943 Airbnb ROI: 6.8% Traditional ROI: 4.46%
200 Greenwood Street Birmingham, MI Located in one of the most desirable locations in Birmingham - steps away from downtown - ...	4 beds \| 4 baths \| 3,629 sq.ft.	$1,399,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 0.56% Airbnb Rental Income: $3976 Traditional Rental Income: $3675 Airbnb ROI: 0.14% Traditional ROI: 0.56%
600 Monroe Avenue NW #406 Grand Rapids, MI Stunning and distinguished 3 bedroom, 3 full bath Penthouse Downtown condo at Monroe Terra...	3 beds \| 3 baths \| 2,355 sq.ft.	$870,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.38% Airbnb Rental Income: $2660 Traditional Rental Income: $2838 Airbnb ROI: -0.62% Traditional ROI: 0.38%
2320 TROON SOUTH Bellaire, MI Golfside Condo in Cedar River Village at Shanty Creek Resorts. Enjoy 26 weeks per year (1...	3 beds \| 4 baths \| 2,217 sq.ft.	$294,500	Airbnb cash on cash: 6.64% Traditional cash on cash: 8.38% Airbnb Rental Income: $3275 Traditional Rental Income: $3024 Airbnb ROI: 6.64% Traditional ROI: 8.38%
5601 Walton Road Kingsley, MI Set on 26 acres of pine and open land in Paradise Township, this 3-bed, 1-bath ranch comes...	3 beds \| 1 baths \| 1,031 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $1588 Airbnb ROI: N/A Traditional ROI: 3.82%
10180 W Broomfield Road Remus, MI Escape to tranquility at 10180 W Broomfield Rd. This recently updated ranch features three...	3 beds \| 1 baths \| 2,300 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.87% Airbnb Rental Income: $null Traditional Rental Income: $2180 Airbnb ROI: N/A Traditional ROI: 7.87%
6519 Schuss Mountain Lane Mancelona, MI Welcome to an exceptional retreat at Schuss Mountain! This rare slope-side corner unit has...	2 beds \| 2 baths \| 850 sq.ft.	$274,900	Airbnb cash on cash: 3.32% Traditional cash on cash: 4.29% Airbnb Rental Income: $1792 Traditional Rental Income: $1557 Airbnb ROI: 3.32% Traditional ROI: 4.29%
1300 E LAFAYETTE Street #1509 Detroit, MI Welcome to your upper level unit ( 15th floor) with window views of Detroit and Detroit's ...	1 beds \| 1 baths \| 800 sq.ft.	$100,000	Airbnb cash on cash: -3.34% Traditional cash on cash: 0.85% Airbnb Rental Income: $1499 Traditional Rental Income: $1468 Airbnb ROI: -3.34% Traditional ROI: 0.85%
11 White Hills Avenue NE Grand Rapids, MI What a spacious open floor plan perfect for entertaining! Over 4100 sq ft of finished spac...	4 beds \| 4 baths \| 4,133 sq.ft.	$699,900	Airbnb cash on cash: 2.77% Traditional cash on cash: 4.18% Airbnb Rental Income: $4121 Traditional Rental Income: $4167 Airbnb ROI: 2.77% Traditional ROI: 4.18%
1471 3 Mile Road NE Grand Rapids, MI Welcome to this stunning brick ranch nestled on a sprawling 1.8 acre lot with beautiful fl...	4 beds \| 4 baths \| 2,434 sq.ft.	$524,900	Airbnb cash on cash: 3.38% Traditional cash on cash: 4.8% Airbnb Rental Income: $3513 Traditional Rental Income: $3432 Airbnb ROI: 3.38% Traditional ROI: 4.8%
704 S BEACON BOULEVARD Grand Haven, MI Welcome to 704 S Beacon Blvd, 84! This condo is nestled in the heart of Grand Haven and ha...	2 beds \| 1 baths \| 1,000 sq.ft.	$235,000	Airbnb cash on cash: 9.74% Traditional cash on cash: 2.64% Airbnb Rental Income: $3784 Traditional Rental Income: $1387 Airbnb ROI: 9.74% Traditional ROI: 2.64%
711 N CENTER Street Northville, MI TO BE BUILT. TAKING PRELIMINARY RESERVATIONS. INTRODUCING THE NORTHVILLE HILL LUXURY TOWNH...	3 beds \| 4 baths \| 2,768 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $3333 Airbnb ROI: N/A Traditional ROI: 0.54%
2400 TROON SOUTH Bellaire, MI This one-bedroom suite is ideal for those looking for a place to drop their bags and explo...	1 beds \| 1 baths \| 594 sq.ft.	$124,900	Airbnb cash on cash: 5.01% Traditional cash on cash: 7.25% Airbnb Rental Income: $1267 Traditional Rental Income: $1136 Airbnb ROI: 5.01% Traditional ROI: 7.25%
36 S 26th Street Battle Creek, MI Come to the Open House with your realtor from 2:30-4pm on Sunday, November 17th and check ...	2 beds \| 1 baths \| 812 sq.ft.	$150,000	Airbnb cash on cash: 4.81% Traditional cash on cash: 6.67% Airbnb Rental Income: $1615 Traditional Rental Income: $1424 Airbnb ROI: 4.81% Traditional ROI: 6.67%
104 Maple Terrace Battle Creek, MI PRICE ADJUSTMENT , STATUS CHANGE TO GO AND SHOW.... Welcome home to this 2 bedroom/ 1 bat...	2 beds \| 1 baths \| 1,201 sq.ft.	$139,900	Airbnb cash on cash: 5.71% Traditional cash on cash: 9.19% Airbnb Rental Income: $1615 Traditional Rental Income: $1624 Airbnb ROI: 5.71% Traditional ROI: 9.19%
3425 Joslyn Auburn Hills, MI This is an amazing opportunity for a residential/commercial investment! 3 acres in a high ...	1 beds \| 1 baths \| 810 sq.ft.	$195,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 4.35% Airbnb Rental Income: $659 Traditional Rental Income: $1338 Airbnb ROI: -0.93% Traditional ROI: 4.35%
3056 9TH Street Wyandotte, MI This home offers 2 Bedrooms on a corner lot and a 1 car garage. For your convenience there...	2 beds \| 1 baths \| 783 sq.ft.	$159,900	Airbnb cash on cash: 8.04% Traditional cash on cash: 6.07% Airbnb Rental Income: $2263 Traditional Rental Income: $1397 Airbnb ROI: 8.04% Traditional ROI: 6.07%
533 COLUMBIA AVENUE Holland, MI Welcome to your charming and cozy retreat at Baker Lofts! You'll love the stunning views ...	2 beds \| 1 baths \| 1,206 sq.ft.	$250,000	Airbnb cash on cash: 9.08% Traditional cash on cash: 4.28% Airbnb Rental Income: $3545 Traditional Rental Income: $1630 Airbnb ROI: 9.08% Traditional ROI: 4.28%
11870 Barkton Drive Holland, MI Welcome home to this fresh, clean, well maintained & extensively updated property with hig...	3 beds \| 2 baths \| 1,583 sq.ft.	$389,900	Airbnb cash on cash: 7.01% Traditional cash on cash: 3.86% Airbnb Rental Income: $4195 Traditional Rental Income: $2156 Airbnb ROI: 7.01% Traditional ROI: 3.86%
615 Stimson Street Cadillac, MI Take a look! Located on a quiet street in the heart of Cadillac, this completely renovated...	3 beds \| 1 baths \| 1,625 sq.ft.	$209,000	Airbnb cash on cash: 8.1% Traditional cash on cash: 7.04% Airbnb Rental Income: $2654 Traditional Rental Income: $1814 Airbnb ROI: 8.1% Traditional ROI: 7.04%
103 S Prospect Street Sturgis, MI 4 bedroom 2 bathroom home located in a peaceful area in the heart of Sturgis. Ample space ...	4 beds \| 2 baths \| 1,648 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.39% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 11.39%
598 Anthony Drive Centreville, MI Back on the market due to buyer financing. Move-in Ready! Experience the allure of this im...	4 beds \| 4 baths \| 5,400 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.59% Airbnb Rental Income: $null Traditional Rental Income: $3936 Airbnb ROI: N/A Traditional ROI: 4.59%
1635 WELLAND Street Howell, MI OPEN HOUSE SUNDAY 11/17 1-3PM! What an amazing location. This private entry condo is close...	2 beds \| 2 baths \| 1,386 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.81% Airbnb Rental Income: $null Traditional Rental Income: $2076 Airbnb ROI: N/A Traditional ROI: 5.81%
N3634 Moon Lake Iron Mountain, MI A stunning 4 bedroom, 2.5 bath ranch home with endless WOW factor! Imagine a place that ta...	4 beds \| 3 baths \| 2,232 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.49% Airbnb Rental Income: $null Traditional Rental Income: $3250 Airbnb ROI: N/A Traditional ROI: 2.49%
1197 108th Avenue Otsego, MI Walkout Ranch on over 2 wooded acres featuring an attached 2-car garage, separate storage ...	3 beds \| 2 baths \| 1,808 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $1728 Airbnb ROI: N/A Traditional ROI: 5.23%
23261 ARGYLE Street Novi, MI This home is NOT built on this lot, yet. The specs and photos are from the exact same home...	3 beds \| 3 baths \| 2,295 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.31% Airbnb Rental Income: $null Traditional Rental Income: $2751 Airbnb ROI: N/A Traditional ROI: 2.31%
18111 MELROSE Avenue Southfield, MI INVESTMENT SPECIAL!!!! Its A Great Time To Invest in Southfield!! If your looking to inv...	3 beds \| 1 baths \| 1,459 sq.ft.	$264,900	Airbnb cash on cash: 2.1% Traditional cash on cash: 3.42% Airbnb Rental Income: $1948 Traditional Rental Income: $1766 Airbnb ROI: 2.1% Traditional ROI: 3.42%
5687 S Old 27 Gaylord, MI These three homes sit right across from Otsego Lake and the walking trail. This complex ha...	N/A beds \| N/A baths \| N/A	$275,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.98% Airbnb Rental Income: $1480 Traditional Rental Income: $1539 Airbnb ROI: 2.07% Traditional ROI: 3.98%
3333 WALNUT LAKE Road West Bloomfield, MI SELLER SAYS MAKE ME AN OFFER! Beautiful brick West Bloomfield Colonial with 1st floor mast...	3 beds \| 4 baths \| 2,807 sq.ft.	$499,000	Airbnb cash on cash: 3.76% Traditional cash on cash: 3.21% Airbnb Rental Income: $4410 Traditional Rental Income: $3231 Airbnb ROI: 3.76% Traditional ROI: 3.21%

Real Estate investment in Michigan

There are 16,757 properties available for sale in the state of Michigan. Palmyra, Holt and Cement City are the best rental property markets in Michigan. The average median price of properties for sale in these cities are $293,250 and the average price per square foot is $0. Their average monthly cash on cash return is 7.33%.

Michigan Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 16,757 investment properties available for sale in Michigan.

In 2024, Palmyra is the best city to buy investment properties. Find more investment properties today!

In 2024, Palmyra (10%) and Holt (7%) has the highest cash on cash return for long term rentals in Michigan.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan

18217 SANTA ROSA Drive

Detroit, MI

3 beds | 1 baths | 1,398 sq.ft.

$160,000

Airbnb cash on cash: 9.54%

Traditional cash on cash: 8.28%

Airbnb Rental Income: $2470

Traditional Rental Income: $1677

Airbnb ROI: 9.54%

Traditional ROI: 8.28%

5069 YORKSHIRE Road

Detroit, MI

4 beds | 2 baths | 1,399 sq.ft.

$229,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8%

Airbnb Rental Income: $null

Traditional Rental Income: $2165

Airbnb ROI: N/A

Traditional ROI: 8%

555 Vinewood Avenue

Birmingham, MI

5 beds | 7 baths | 9,328 sq.ft.

$4,100,000

Airbnb cash on cash: -1.17%

Traditional cash on cash: -0.72%

Airbnb Rental Income: $5317

Traditional Rental Income: $5942

Airbnb ROI: -1.17%

Traditional ROI: -0.72%

15 E KIRBY Street #725

Detroit, MI

2 beds | 2 baths | 1,130 sq.ft.

$263,900

Airbnb cash on cash: -0.54%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $1757

Traditional Rental Income: $2128

Airbnb ROI: -0.54%

Traditional ROI: 2.88%

109 Fieldcrest #101

Ann Arbor, MI

1 beds | 1 baths | 828 sq.ft.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.01%

Airbnb Rental Income: $null

Traditional Rental Income: $1344

Airbnb ROI: N/A

Traditional ROI: 3.01%

2324 Nixon Road

Ann Arbor, MI

4 beds | 3 baths | 2,073 sq.ft.

$550,000

Airbnb cash on cash: 6.36%

Traditional cash on cash: 2.36%

Airbnb Rental Income: $5973

Traditional Rental Income: $2732

Airbnb ROI: 6.36%

Traditional ROI: 2.36%

6168 Dreamcatcher Road

Stevensville, MI

4 beds | 3 baths | 2,350 sq.ft.

$465,000

Airbnb cash on cash: 6.8%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $4978

Traditional Rental Income: $2943

Airbnb ROI: 6.8%

Traditional ROI: 4.46%

200 Greenwood Street

Birmingham, MI

4 beds | 4 baths | 3,629 sq.ft.

$1,399,000

Airbnb cash on cash: 0.14%

Traditional cash on cash: 0.56%

Airbnb Rental Income: $3976

Traditional Rental Income: $3675

Airbnb ROI: 0.14%