Real Estate Investment Properties for Sale in Elk Rapids, MI

Looking for investment property in Elk Rapids, MI with high ROI ?

Explore a variety of short-term homes & houses in Elk Rapids, MI. Invest wisely with VRBO & Elk Rapids, 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 Elk Rapids, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
136 Lake Elk Rapids, MI Welcome to wonderful Elk Rapids! This 3 bed/2 bath home boasts an updated kitchen, newer f...	3 beds \| 2 baths \| 1,680 sq.ft.	$375,000	Airbnb cash on cash: 5.72% Traditional cash on cash: 5.6% Airbnb Rental Income: $3346 Traditional Rental Income: $2556 Airbnb ROI: 5.72% Traditional ROI: 5.6%
599 Meadowview Lane #7 Elk Rapids, MI Enjoy carefree living in this desirable Meadowview Commons condo in Elk Rapids. This singl...	2 beds \| 2 baths \| 1,217 sq.ft.	$319,900	Airbnb cash on cash: 7.16% Traditional cash on cash: 3.35% Airbnb Rental Income: $3835 Traditional Rental Income: $1860 Airbnb ROI: 7.16% Traditional ROI: 3.35%
312 PINE STREET Elk Rapids, MI West side of the charming village of Elk Rapids, walking distance to downtown and beach. ...	1 beds \| 2 baths \| 3,475 sq.ft.	$595,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 0.15% Airbnb Rental Income: $1694 Traditional Rental Income: $1580 Airbnb ROI: -0.5% Traditional ROI: 0.15%
104 Traverse Street Elk Rapids, MI Three bedroom, two bath home on rare double lot located just 1 block from downtown Elk Rap...	3 beds \| 2 baths \| 1,770 sq.ft.	$575,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 2.22% Airbnb Rental Income: $3346 Traditional Rental Income: $2296 Airbnb ROI: 2.78% Traditional ROI: 2.22%
7434 Terrace Avenue Elk Rapids, MI METICULOUSLY MAINTAINED HOME WITH GENEROUSLY SIZED YARD and only 110' from ELK LAKE Public...	3 beds \| 1 baths \| 1,698 sq.ft.	$449,900	Airbnb cash on cash: 4.34% Traditional cash on cash: 3.26% Airbnb Rental Income: $3346 Traditional Rental Income: $2142 Airbnb ROI: 4.34% Traditional ROI: 3.26%
10456 S US-31 Elk Rapids, MI Unlock the potential of this 4-plex multifamily investment home in beautiful Elk Rapids! O...	N/A beds \| N/A baths \| 2,171 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.24% Airbnb Rental Income: $null Traditional Rental Income: $1716 Airbnb ROI: N/A Traditional ROI: 2.24%
612 Ash Street Elk Rapids, MI Deep in the heart of the Village lies a quiet and peaceful corner with a well cared for ho...	3 beds \| 1 baths \| 1,056 sq.ft.	$360,000	Airbnb cash on cash: 6.12% Traditional cash on cash: 3.04% Airbnb Rental Income: $3346 Traditional Rental Income: $1558 Airbnb ROI: 6.12% Traditional ROI: 3.04%
208 Lake Elk Rapids, MI Village of Elk Rapids fixer upper! You have watched the tiny home revolution take shape al...	1 beds \| 1 baths \| 600 sq.ft.	$215,000	Airbnb cash on cash: 3.66% Traditional cash on cash: 3.86% Airbnb Rental Income: $1694 Traditional Rental Income: $1264 Airbnb ROI: 3.66% Traditional ROI: 3.86%

Real Estate investment in Elk-rapids, MI

There are 8 properties for sale in the city of Elk Rapids . The median list price in Elk Rapids is $375,000 and the average price per square foot is $225. In November 2024, the average monthly cash on cash return in Elk Rapids is 3.00%. The average monthly rental income in Elk Rapids is $1,860.

Elk-rapids, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 8 investment properties available for sale in Elk-rapids.

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

The ROI for Short-Term is higher than the Long-Term in Elk-rapids with average rental income of $3,346.

Your search for investment property begins and ends here

Investment Property for Sale in Elk Rapids, MI

136 Lake

Elk Rapids, MI

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

$375,000

Airbnb cash on cash: 5.72%

Traditional cash on cash: 5.6%

Airbnb Rental Income: $3346

Traditional Rental Income: $2556

Airbnb ROI: 5.72%

Traditional ROI: 5.6%

599 Meadowview Lane #7

Elk Rapids, MI

2 beds | 2 baths | 1,217 sq.ft.

$319,900

Airbnb cash on cash: 7.16%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $3835

Traditional Rental Income: $1860

Airbnb ROI: 7.16%

Traditional ROI: 3.35%

312 PINE STREET

Elk Rapids, MI

1 beds | 2 baths | 3,475 sq.ft.

$595,000

Airbnb cash on cash: -0.5%

Traditional cash on cash: 0.15%

Airbnb Rental Income: $1694

Traditional Rental Income: $1580

Airbnb ROI: -0.5%

Traditional ROI: 0.15%

104 Traverse Street

Elk Rapids, MI

3 beds | 2 baths | 1,770 sq.ft.

$575,000

Airbnb cash on cash: 2.78%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $3346

Traditional Rental Income: $2296

Airbnb ROI: 2.78%

Traditional ROI: 2.22%

7434 Terrace Avenue

Elk Rapids, MI

3 beds | 1 baths | 1,698 sq.ft.

$449,900

Airbnb cash on cash: 4.34%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $3346

Traditional Rental Income: $2142

Airbnb ROI: 4.34%

Traditional ROI: 3.26%

10456 S US-31

Elk Rapids, MI

N/A beds | N/A baths | 2,171 sq.ft.

$380,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.24%

Airbnb Rental Income: $null

Traditional Rental Income: $1716

Airbnb ROI: N/A

Traditional ROI: 2.24%

612 Ash Street

Elk Rapids, MI

3 beds | 1 baths | 1,056 sq.ft.

$360,000

Airbnb cash on cash: 6.12%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $3346

Traditional Rental Income: $1558

Airbnb ROI: 6.12%

Traditional ROI: 3.04%

208 Lake

Elk Rapids, MI

1 beds | 1 baths | 600 sq.ft.

$215,000

Airbnb cash on cash: 3.66%

Traditional cash on cash: 3.86%

Airbnb Rental Income: $1694

Traditional Rental Income: $1264

Airbnb ROI: 3.66%