Real Estate Investment Properties for Sale in Kalkaska, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
11572 Centralia Avenue Kalkaska, MI Welcome to your own getaway in Northern Michigan! Centrally located between Grayling and K...	3 beds \| 2 baths \| 2,083 sq.ft.	$199,999	Airbnb cash on cash: 4.24% Traditional cash on cash: 6.87% Airbnb Rental Income: $1779 Traditional Rental Income: $1792 Airbnb ROI: 4.24% Traditional ROI: 6.87%
2599 Birchcrest Drive Kalkaska, MI Great location!! Newer fully furnished home built with a lot of detail. 2 br, 1 1/2 ba, wi...	2 beds \| 2 baths \| 1,256 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.4% Airbnb Rental Income: $null Traditional Rental Income: $2315 Airbnb ROI: N/A Traditional ROI: 3.4%
2639 Kettle Lake Road Kalkaska, MI This beautiful 16-acre property in Kalkaska County offers a serene escape with a small, ru...	2 beds \| 1 baths \| 736 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $1496 Airbnb ROI: N/A Traditional ROI: 3.67%
7609 Shore Drive NE Kalkaska, MI This summer, ponder owning this private waterfront charmer, boating, fishing and just kick...	3 beds \| 2 baths \| 1,100 sq.ft.	$599,999	Airbnb cash on cash: -0.39% Traditional cash on cash: 1.18% Airbnb Rental Income: $1779 Traditional Rental Income: $2171 Airbnb ROI: -0.39% Traditional ROI: 1.18%
3575 W Bear Lake Road Kalkaska, MI Discover the epitome of tranquility with this picturesque 13-acre parcel nestled among spr...	2 beds \| 1 baths \| 720 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $1194 Airbnb ROI: N/A Traditional ROI: 3.28%
4772 NE Sands Park Kalkaska, MI Nestled on the serene shores of Manistee Lake, this exquisite waterfront home offers a hav...	4 beds \| 4 baths \| 2,389 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $3419 Airbnb ROI: N/A Traditional ROI: 3.28%
6117 Blue Lake Road Kalkaska, MI Nestled amidst the remnants of a bygone era, this 3 br 1.5 bath , once a bustling hub duri...	3 beds \| 2 baths \| 1,471 sq.ft.	$355,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 5.41% Airbnb Rental Income: $1779 Traditional Rental Income: $2372 Airbnb ROI: 2.18% Traditional ROI: 5.41%
212 S Coral Street Kalkaska, MI Make this your new home. This updated, two bedroom one bath ranch home is conveniently loc...	2 beds \| 1 baths \| 1,219 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $1685 Airbnb ROI: N/A Traditional ROI: 5.38%
4166 N Shore Drive Kalkaska, MI ADORABLE WATERFRONT HOME! Sharp home or cottage with approximately 200' frontage on Craw...	2 beds \| 2 baths \| 1,040 sq.ft.	$397,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.86% Airbnb Rental Income: $null Traditional Rental Income: $2104 Airbnb ROI: N/A Traditional ROI: 2.86%
882 NE OXBOW DRIVE Kalkaska, MI This beautifully maintained river front home has so many amazing features! Upon entering ...	3 beds \| 2 baths \| 1,224 sq.ft.	$309,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.45% Airbnb Rental Income: $1779 Traditional Rental Income: $2120 Airbnb ROI: 1.61% Traditional ROI: 4.45%
1591 SE Cool Road Kalkaska, MI Situated in the serene countryside of Kalkaska, this charming farmhouse offers the perfect...	3 beds \| 3 baths \| 2,003 sq.ft.	$412,500	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.77% Airbnb Rental Income: $1779 Traditional Rental Income: $2528 Airbnb ROI: 0.58% Traditional ROI: 3.77%
9591 Tower Road, NE Kalkaska, MI Great Hunting Camp or your Up North get-a-way, it's waiting! This 20 x 24 cement block cab...	1 beds \| 1 baths \| 480 sq.ft.	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $998 Airbnb ROI: N/A Traditional ROI: 6.82%
5197 NE Sunset Trail NE Kalkaska, MI 3 bedroom, 2 bath, home on 10 acres with pond. 30 x 52 pole barn. 16' & 12 foot garage doo...	3 beds \| 2 baths \| 1,248 sq.ft.	$289,900	Airbnb cash on cash: 2.92% Traditional cash on cash: 5.65% Airbnb Rental Income: $1779 Traditional Rental Income: $2040 Airbnb ROI: 2.92% Traditional ROI: 5.65%
1965 Bunker Drive NE Kalkaska, MI Nestled on a spacious, wooded lot, this welcoming home combines the ideal blend of privacy...	3 beds \| 2 baths \| 1,688 sq.ft.	$349,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 5.39% Airbnb Rental Income: $1779 Traditional Rental Income: $2472 Airbnb ROI: 1.8% Traditional ROI: 5.39%
10134 County Road 612 NE Kalkaska, MI Have you been dreaming of a chance to get away from it all? Whether you're looking for tha...	3 beds \| 1 baths \| 1,200 sq.ft.	$325,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 4.3% Airbnb Rental Income: $1779 Traditional Rental Income: $1838 Airbnb ROI: 2.52% Traditional ROI: 4.3%
2071 NE Driftwood Lane Kalkaska, MI What a fantastic location !! Walking distance to Log Lake ( Park, beach & Disc Golf Cours...	3 beds \| 2 baths \| 1,568 sq.ft.	$299,900	Airbnb cash on cash: 2.76% Traditional cash on cash: 6.65% Airbnb Rental Income: $1779 Traditional Rental Income: $2393 Airbnb ROI: 2.76% Traditional ROI: 6.65%
312 S Walnut Street Kalkaska, MI Discover the perfect blend of classic elegance and modern day living in this beautifully p...	4 beds \| 3 baths \| 2,304 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.82% Airbnb Rental Income: $null Traditional Rental Income: $3002 Airbnb ROI: N/A Traditional ROI: 8.82%
2840 SE Spencer Road Kalkaska, MI Great rental potential in this 3 bedroom 2 bath country home. Custom pyrography, woodwork ...	3 beds \| 2 baths \| 1,482 sq.ft.	$249,900	Airbnb cash on cash: 3.72% Traditional cash on cash: 7.68% Airbnb Rental Income: $1779 Traditional Rental Income: $2227 Airbnb ROI: 3.72% Traditional ROI: 7.68%

Real Estate investment in Kalkaska, MI

There are 18 properties for sale in the city of Kalkaska . The median list price in Kalkaska is $299,000 and the average price per square foot is $219. In January 2025, the average monthly cash on cash return in Kalkaska is 5.00%. The average monthly rental income in Kalkaska is $2,120.

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

There are 18 investment properties available for sale in Kalkaska.

In 2025, the best neighborhood to buy investment property is Kalkaska.

The ROI for Long-Term is higher than the Short-Term in Kalkaska with average rental income of $2,120.

Your search for investment property begins and ends here

Investment Property for Sale in Kalkaska, MI

11572 Centralia Avenue

Kalkaska, MI

3 beds | 2 baths | 2,083 sq.ft.

$199,999

Airbnb cash on cash: 4.24%

Traditional cash on cash: 6.87%

Airbnb Rental Income: $1779

Traditional Rental Income: $1792

Airbnb ROI: 4.24%

Traditional ROI: 6.87%

2599 Birchcrest Drive

Kalkaska, MI

2 beds | 2 baths | 1,256 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.4%

Airbnb Rental Income: $null

Traditional Rental Income: $2315

Airbnb ROI: N/A

Traditional ROI: 3.4%

2639 Kettle Lake Road

Kalkaska, MI

2 beds | 1 baths | 736 sq.ft.

$240,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1496

Airbnb ROI: N/A

Traditional ROI: 3.67%

7609 Shore Drive NE

Kalkaska, MI

3 beds | 2 baths | 1,100 sq.ft.

$599,999

Airbnb cash on cash: -0.39%

Traditional cash on cash: 1.18%

Airbnb Rental Income: $1779

Traditional Rental Income: $2171

Airbnb ROI: -0.39%

Traditional ROI: 1.18%

3575 W Bear Lake Road

Kalkaska, MI

2 beds | 1 baths | 720 sq.ft.

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.28%

Airbnb Rental Income: $null

Traditional Rental Income: $1194

Airbnb ROI: N/A

Traditional ROI: 3.28%

4772 NE Sands Park

Kalkaska, MI

4 beds | 4 baths | 2,389 sq.ft.

$675,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.28%

Airbnb Rental Income: $null

Traditional Rental Income: $3419

Airbnb ROI: N/A

Traditional ROI: 3.28%

6117 Blue Lake Road

Kalkaska, MI

3 beds | 2 baths | 1,471 sq.ft.

$355,000

Airbnb cash on cash: 2.18%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $1779

Traditional Rental Income: $2372

Airbnb ROI: 2.18%

Traditional ROI: 5.41%

212 S Coral Street

Kalkaska, MI

2 beds | 1 baths | 1,219 sq.ft.

$239,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.38%

Airbnb Rental Income: $null

Traditional Rental Income: $1685

Airbnb ROI: N/A