Real Estate Investment Properties for Sale in Shelby, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
194 Devonwood Drive Shelby, MI Just Completed! Brand new construction for a great price, this is a duplex with the list ...	3 beds \| 4 baths \| 2,122 sq.ft.	$259,900	Airbnb cash on cash: 7.87% Traditional cash on cash: 10.74% Airbnb Rental Income: $3397 Traditional Rental Income: $3345 Airbnb ROI: 7.87% Traditional ROI: 10.74%
4264 Ottawa Trail Shelby, MI If you have been looking for a cottage or year-round home that will accommodate the whole ...	5 beds \| 4 baths \| 2,756 sq.ft.	$675,000	Airbnb cash on cash: 4.96% Traditional cash on cash: 3.53% Airbnb Rental Income: $5448 Traditional Rental Income: $3449 Airbnb ROI: 4.96% Traditional ROI: 3.53%
269 Aspen Hill Drive Shelby, MI Welcome to Shelby Acres, The Elm. Here functionality meets comfort in a home that is both ...	3 beds \| 2 baths \| 1,446 sq.ft.	$224,000	Airbnb cash on cash: 9.51% Traditional cash on cash: 7.99% Airbnb Rental Income: $3397 Traditional Rental Income: $2320 Airbnb ROI: 9.51% Traditional ROI: 7.99%
55 E 4th Street Shelby, MI Cash Flow Investment. Monthly Rental Income pf $3,250 less monthly utility bills of $800 ...	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.86% Airbnb Rental Income: $null Traditional Rental Income: $1407 Airbnb ROI: N/A Traditional ROI: 6.86%
250 Willowside Drive Shelby, MI Welcome to Shelby Acres! This new development will offer beautiful land affordable 3, or 4...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 9.87% Traditional cash on cash: 8.1% Airbnb Rental Income: $3397 Traditional Rental Income: $2283 Airbnb ROI: 9.87% Traditional ROI: 8.1%
261 Aspen Hill Drive Shelby, MI Welcome to Shelby Acres, The Aspen! This home exudes classic country charm form the moment...	4 beds \| 2 baths \| 1,706 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.71% Airbnb Rental Income: $null Traditional Rental Income: $2771 Airbnb ROI: N/A Traditional ROI: 8.71%
259 Aspen Hill Drive Shelby, MI Here functionality meets comfort in a home that is both light and open yet fully utilizes ...	3 beds \| 2 baths \| 1,446 sq.ft.	$224,000	Airbnb cash on cash: 9.35% Traditional cash on cash: 8.92% Airbnb Rental Income: $3397 Traditional Rental Income: $2552 Airbnb ROI: 9.35% Traditional ROI: 8.92%
271 Aspen Hill Drive Shelby, MI Enter and enjoy the cozy yet open layout with spacious fully-equipped kitchen with quartz ...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 9.89% Traditional cash on cash: 9.43% Airbnb Rental Income: $3397 Traditional Rental Income: $2549 Airbnb ROI: 9.89% Traditional ROI: 9.43%
309 Elliott Street Shelby, MI Perched atop a scenic hill, this beautiful and well-maintained ranch home offers a rare bl...	4 beds \| 3 baths \| 2,910 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $3230 Airbnb ROI: N/A Traditional ROI: 8.96%
273 Aspen Hill Drive Shelby, MI Enter and enjoy the cozy yet open layout with spacious fully-equipped kitchen with quartz ...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 9.89% Traditional cash on cash: 7.91% Airbnb Rental Income: $3397 Traditional Rental Income: $2241 Airbnb ROI: 9.89% Traditional ROI: 7.91%
254 Willowside Drive Shelby, MI Welcome to The Elm. Here functionality meets comfort in a home that is both light and open...	3 beds \| 2 baths \| 1,446 sq.ft.	$224,000	Airbnb cash on cash: 9.51% Traditional cash on cash: 7.99% Airbnb Rental Income: $3397 Traditional Rental Income: $2321 Airbnb ROI: 9.51% Traditional ROI: 7.99%
193 Devonwood Drive Shelby, MI Newly constructed 2-bedroom, 2 bath condo with a full walkout basement and attached garage...	2 beds \| 2 baths \| 2,272 sq.ft.	$219,900	Airbnb cash on cash: 9.33% Traditional cash on cash: 10.24% Airbnb Rental Income: $3298 Traditional Rental Income: $2749 Airbnb ROI: 9.33% Traditional ROI: 10.24%
7570 W Warren Road Shelby, MI Newly constructed home (barndominium) approximately 50% complete. 3,000+ Sq feet with atta...	4 beds \| 4 baths \| 3,200 sq.ft.	$509,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $3871 Airbnb ROI: N/A Traditional ROI: 6.39%
257 Aspen Hill Drive Shelby, MI Welcome to Shelby Acres, Tamarack! As you enter you are greeted by a cozy, open layout tha...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 9.89% Traditional cash on cash: 9.07% Airbnb Rental Income: $3397 Traditional Rental Income: $2477 Airbnb ROI: 9.89% Traditional ROI: 9.07%
264 Willowside Drive Shelby, MI Enter and enjoy the cozy yet open layout with spacious fully-equipped kitchen with quartz ...	3 beds \| 3 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 9.89% Traditional cash on cash: 9.14% Airbnb Rental Income: $3397 Traditional Rental Income: $2490 Airbnb ROI: 9.89% Traditional ROI: 9.14%
7369 W Grant Road Shelby, MI 2023 Fall acreage split off 53 acres. Live your best life on this peaceful 5-acre homestea...	4 beds \| 2 baths \| 2,592 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.12% Airbnb Rental Income: $null Traditional Rental Income: $2673 Airbnb ROI: N/A Traditional ROI: 5.12%
2509 S 40th Avenue Shelby, MI Custom New Construction - 1588 Square Foot Ranch with 3 bedrooms / 2 bathrooms and an over...	3 beds \| 2 baths \| 1,568 sq.ft.	$559,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 1.91% Airbnb Rental Income: $3397 Traditional Rental Income: $2413 Airbnb ROI: 2.34% Traditional ROI: 1.91%
3280 W PLUM Road Shelby, MI Conveniently located 15 minutes from Silver Lake Sand Dunes, this beautiful rustic and new...	3 beds \| 1 baths \| 1,860 sq.ft.	$265,000	Airbnb cash on cash: 8.74% Traditional cash on cash: 6.75% Airbnb Rental Income: $3397 Traditional Rental Income: $2144 Airbnb ROI: 8.74% Traditional ROI: 6.75%
4184 W BUCHANAN ROAD Shelby, MI 8 spectacular acres. The home has many upgrades and quality features. The kitchen has been...	3 beds \| 2 baths \| 1,434 sq.ft.	$399,900	Airbnb cash on cash: 5.5% Traditional cash on cash: 4.45% Airbnb Rental Income: $3397 Traditional Rental Income: $2250 Airbnb ROI: 5.5% Traditional ROI: 4.45%
4044 Ottawa Trail Shelby, MI It's time to be a part of the Cobmoosa Shores Family. This home is a year around home, in...	3 beds \| 2 baths \| 1,436 sq.ft.	$399,900	Airbnb cash on cash: 5.31% Traditional cash on cash: 4.13% Airbnb Rental Income: $3397 Traditional Rental Income: $2199 Airbnb ROI: 5.31% Traditional ROI: 4.13%
Lot 4 Devonwood Shelby, MI Brand new construction for a great price, Estimated January 2025 for completion. This is ...	3 beds \| 2 baths \| 1,289 sq.ft.	$239,900	Airbnb cash on cash: 8.72% Traditional cash on cash: 7.46% Airbnb Rental Income: $3397 Traditional Rental Income: $2357 Airbnb ROI: 8.72% Traditional ROI: 7.46%
9173 Ottawattamie Trail Shelby, MI Lake Michigan Oasis: Your Dream Cottage Awaits Discover tranquility in this charming 3-be...	3 beds \| 2 baths \| 1,060 sq.ft.	$299,900	Airbnb cash on cash: 6.93% Traditional cash on cash: 4.74% Airbnb Rental Income: $3397 Traditional Rental Income: $2024 Airbnb ROI: 6.93% Traditional ROI: 4.74%

Real Estate investment in Shelby, MI

There are 22 properties for sale in the city of Shelby . The median list price in Shelby is $219,900 and the average price per square foot is $136. In January 2025, the average monthly cash on cash return in Shelby is 8.00%. The average monthly rental income in Shelby is $2,346.

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

There are 22 investment properties available for sale in Shelby.

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

The ROI for Long-Term is higher than the Short-Term in Shelby with average rental income of $2,346.

Your search for investment property begins and ends here

Investment Property for Sale in Shelby, MI

194 Devonwood Drive

Shelby, MI

3 beds | 4 baths | 2,122 sq.ft.

$259,900

Airbnb cash on cash: 7.87%

Traditional cash on cash: 10.74%

Airbnb Rental Income: $3397

Traditional Rental Income: $3345

Airbnb ROI: 7.87%

Traditional ROI: 10.74%

4264 Ottawa Trail

Shelby, MI

5 beds | 4 baths | 2,756 sq.ft.

$675,000

Airbnb cash on cash: 4.96%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $5448

Traditional Rental Income: $3449

Airbnb ROI: 4.96%

Traditional ROI: 3.53%

269 Aspen Hill Drive

Shelby, MI

3 beds | 2 baths | 1,446 sq.ft.

$224,000

Airbnb cash on cash: 9.51%

Traditional cash on cash: 7.99%

Airbnb Rental Income: $3397

Traditional Rental Income: $2320

Airbnb ROI: 9.51%

Traditional ROI: 7.99%

55 E 4th Street

Shelby, MI

N/A beds | N/A baths | N/A

$140,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.86%

Airbnb Rental Income: $null

Traditional Rental Income: $1407

Airbnb ROI: N/A

Traditional ROI: 6.86%

250 Willowside Drive

Shelby, MI

3 beds | 2 baths | 1,330 sq.ft.

$214,000

Airbnb cash on cash: 9.87%

Traditional cash on cash: 8.1%

Airbnb Rental Income: $3397

Traditional Rental Income: $2283

Airbnb ROI: 9.87%

Traditional ROI: 8.1%

261 Aspen Hill Drive

Shelby, MI

4 beds | 2 baths | 1,706 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.71%

Airbnb Rental Income: $null

Traditional Rental Income: $2771

Airbnb ROI: N/A

Traditional ROI: 8.71%

259 Aspen Hill Drive

Shelby, MI

3 beds | 2 baths | 1,446 sq.ft.

$224,000

Airbnb cash on cash: 9.35%

Traditional cash on cash: 8.92%

Airbnb Rental Income: $3397

Traditional Rental Income: $2552

Airbnb ROI: 9.35%

Traditional ROI: 8.92%

271 Aspen Hill Drive

Shelby, MI

3 beds | 2 baths | 1,330 sq.ft.

$214,000

Airbnb cash on cash: 9.89%

Traditional cash on cash: 9.43%

Airbnb Rental Income: $3397

Traditional Rental Income: $2549

Airbnb ROI: 9.89%