Real Estate Investment Properties for Sale in Coloma, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5564 Newton Avenue Coloma, MI Welcome to 5564 Newton Ave in Coloma! This beautifully renovated 3-bedroom, 2.5-bath home ...	3 beds \| 3 baths \| 1,808 sq.ft.	$319,900	Airbnb cash on cash: 2.06% Traditional cash on cash: 6.02% Airbnb Rental Income: $1889 Traditional Rental Income: $2578 Airbnb ROI: 2.06% Traditional ROI: 6.02%
4960 Paw Paw Lake Road Coloma, MI Tucked away on a beautifully wooded, fully fenced double lot, this generously sized 3-bedr...	3 beds \| 2 baths \| 1,710 sq.ft.	$230,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 4.85% Airbnb Rental Income: $1889 Traditional Rental Income: $1606 Airbnb ROI: 3.84% Traditional ROI: 4.85%
6388 Sycamore Bluff Coloma, MI This 4-bedroom, 3 full bath home offers over 2,800 finished square feet on the beautiful P...	4 beds \| 3 baths \| 2,816 sq.ft.	$669,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 3.56% Airbnb Rental Income: $2668 Traditional Rental Income: $3416 Airbnb ROI: 1.35% Traditional ROI: 3.56%
157 Elvern Drive Coloma, MI Fantastic investment opportunity in a quiet, quaint Coloma neighborhood! This well-maintai...	4 beds \| N/A baths \| N/A	$274,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 2.37% Airbnb Rental Income: $2668 Traditional Rental Income: $1497 Airbnb ROI: 4.45% Traditional ROI: 2.37%
4733 Shore Drive Coloma, MI This property offers spectacular waterfront living on SW Michigan's premier 900-acre Paw P...	4 beds \| 2 baths \| 2,000 sq.ft.	$765,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 1.19% Airbnb Rental Income: $2668 Traditional Rental Income: $2674 Airbnb ROI: 0.29% Traditional ROI: 1.19%
82248 45th Avenue Coloma, MI Welcome to the Stone Cottage-your turnkey Southwest Michigan retreat! Offered fully furnis...	2 beds \| 1 baths \| 902 sq.ft.	$209,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 4.49% Airbnb Rental Income: $1527 Traditional Rental Income: $1401 Airbnb ROI: 2.9% Traditional ROI: 4.49%
6128 M 63 N Coloma, MI New Price $514,900.00 Turnkey Investment Near Lake Michigan! Unlock the potential of this ...	7 beds \| N/A baths \| N/A	$514,900	Airbnb cash on cash: 1.96% Traditional cash on cash: 0.99% Airbnb Rental Income: $2659 Traditional Rental Income: $1561 Airbnb ROI: 1.96% Traditional ROI: 0.99%
5324 Becht Road Coloma, MI Well maintained 5-bedroom, 2-bath home situated on a beautiful 1.93-acre lot along a quiet...	5 beds \| 2 baths \| 3,107 sq.ft.	$430,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 4.54% Airbnb Rental Income: $2659 Traditional Rental Income: $2611 Airbnb ROI: 3.09% Traditional ROI: 4.54%
45556 Blue Star Highway Coloma, MI Looking for an affordable Lake Michigan cottage? This recently remodeled two bedroom, one ...	2 beds \| 1 baths \| 560 sq.ft.	$699,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 0.05% Airbnb Rental Income: $1527 Traditional Rental Income: $1251 Airbnb ROI: -0.21% Traditional ROI: 0.05%
4155 Hagar Shore Road Coloma, MI Looking for a Lake Michigan homestead or an investment property? Beautiful contemporary ho...	4 beds \| 4 baths \| 2,471 sq.ft.	$499,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 5% Airbnb Rental Income: $2668 Traditional Rental Income: $3623 Airbnb ROI: 1.59% Traditional ROI: 5%
5410 Country Aire Drive #14 Coloma, MI Experience effortless lake living at this beautiful 2-bedroom, 2-bathroom condo on Paw Paw...	2 beds \| 2 baths \| 905 sq.ft.	$300,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 2.3% Airbnb Rental Income: $1527 Traditional Rental Income: $1699 Airbnb ROI: 0.12% Traditional ROI: 2.3%
5791 Beech Street Coloma, MI Views, Views, Views!! Spacious home on picturesque Paw Paw Lake. Beautifully updated throu...	2 beds \| 3 baths \| 2,194 sq.ft.	$1,149,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 0.25% Airbnb Rental Income: $1527 Traditional Rental Income: $2247 Airbnb ROI: -0.84% Traditional ROI: 0.25%
5497 Wilson Street Coloma, MI Discover the perfect blend of country living and convenient lake access with this charming...	3 beds \| 2 baths \| 1,756 sq.ft.	$465,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 2.99% Airbnb Rental Income: $1889 Traditional Rental Income: $1991 Airbnb ROI: 1.6% Traditional ROI: 2.99%
135 W St Joseph Coloma, MI Unique Offering: Charming 2-bedroom, 1-bath single family residence with hardwood floors &...	2 beds \| 1 baths \| 884 sq.ft.	$568,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 0.99% Airbnb Rental Income: $1527 Traditional Rental Income: $1356 Airbnb ROI: 0.47% Traditional ROI: 0.99%
7830 Pear Coloma, MI Open house Sunday 9/6, 2-4pm Embrace lake life with this charming 2-bedroom, 1-bath cott...	2 beds \| 1 baths \| 1,218 sq.ft.	$485,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 0.43% Airbnb Rental Income: $1527 Traditional Rental Income: $1119 Airbnb ROI: 0.36% Traditional ROI: 0.43%
4617 N Coloma Road Coloma, MI The main floor features 2 bedrooms, a full bathroom, and laundry, creating an ideal layout...	3 beds \| 2 baths \| 1,721 sq.ft.	$299,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 6.52% Airbnb Rental Income: $1889 Traditional Rental Income: $2231 Airbnb ROI: 3.51% Traditional ROI: 6.52%
6989 Hiawatha Drive Coloma, MI Step into this 4 bedroom, 2 bath home in time to enjoy bonfires and cookouts. The ample ba...	4 beds \| 2 baths \| 2,513 sq.ft.	$240,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 7.28% Airbnb Rental Income: $2668 Traditional Rental Income: $2312 Airbnb ROI: 6.05% Traditional ROI: 7.28%
6793 Carmody Road Coloma, MI Opportunities like this don't come along often! Set on 5 beautiful acres in Coloma Townshi...	3 beds \| 2 baths \| 2,023 sq.ft.	$439,900	Airbnb cash on cash: 1.54% Traditional cash on cash: 3.39% Airbnb Rental Income: $1889 Traditional Rental Income: $2150 Airbnb ROI: 1.54% Traditional ROI: 3.39%
4617 Paw Paw Lake Road Coloma, MI Discover a unique opportunity offering approx. 3 acres of commercially zoned property, wit...	3 beds \| 2 baths \| 2,264 sq.ft.	$900,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.03% Airbnb Rental Income: $1889 Traditional Rental Income: $2184 Airbnb ROI: 0.08% Traditional ROI: 1.03%
380 Cherry Street Coloma, MI Wonderful 4-5 bedroom ranch 7 miles from Lake Michigan and right up the street from Paw Pa...	4 beds \| 2 baths \| 1,435 sq.ft.	$249,900	Airbnb cash on cash: 6.59% Traditional cash on cash: 4.71% Airbnb Rental Income: $2668 Traditional Rental Income: $1591 Airbnb ROI: 6.59% Traditional ROI: 4.71%
4650 Carmody Road Coloma, MI Welcome to this charming 2 bedroom,1 bath home nestled on .92 acres in lovely Coloma! If y...	2 beds \| 1 baths \| 896 sq.ft.	$199,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 3.58% Airbnb Rental Income: $1527 Traditional Rental Income: $1036 Airbnb ROI: 3.84% Traditional ROI: 3.58%
388 Cherry Street Coloma, MI Discover the beauty beneath! Beautiful hardwood floors bring warmth and character to this ...	3 beds \| 1 baths \| 925 sq.ft.	$140,000	Airbnb cash on cash: 7.39% Traditional cash on cash: 6.39% Airbnb Rental Income: $1889 Traditional Rental Income: $1251 Airbnb ROI: 7.39% Traditional ROI: 6.39%
7976 Central Avenue Coloma, MI OPEN HOUSE Sun., Oct. 4 from 2 to 4 pm. Primary residence, long-term rental, STR . . . thi...	15 beds \| N/A baths \| N/A	$899,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 1.33% Airbnb Rental Income: $2659 Traditional Rental Income: $2808 Airbnb ROI: 0.4% Traditional ROI: 1.33%
6183 M-63 Coloma, MI This is an AMAZING opportunity to buy into a part of the Lake Michigan Beach Private Homeo...	3 beds \| N/A baths \| 1,328 sq.ft.	$159,100	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $1889 Traditional Rental Income: $1378 Airbnb ROI: 5.6% Traditional ROI: 5.55%
166 N West Street Coloma, MI Full of character, beautifully updated, and right in the heart of downtown Coloma! This fu...	4 beds \| 2 baths \| 1,920 sq.ft.	$219,900	Airbnb cash on cash: 7.77% Traditional cash on cash: 8.11% Airbnb Rental Income: $2668 Traditional Rental Income: $2106 Airbnb ROI: 7.77% Traditional ROI: 8.11%
4969 Bundy Road Coloma, MI ACREAGE & PRIVACY! Enjoy 10.6 beautiful acres with open space, woods, privacy & 488' of ro...	5 beds \| 3 baths \| 2,970 sq.ft.	$439,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 4.97% Airbnb Rental Income: $2659 Traditional Rental Income: $2956 Airbnb ROI: 2.71% Traditional ROI: 4.97%
5998 Lincoln Street Coloma, MI Welcome to the Lake Michigan Beach Association! Two Historic cottages on 6 lots with deede...	2 beds \| 2 baths \| 904 sq.ft.	$139,000	Airbnb cash on cash: 3.99% Traditional cash on cash: 5.47% Airbnb Rental Income: $1527 Traditional Rental Income: $1281 Airbnb ROI: 3.99% Traditional ROI: 5.47%
236 E Center Street Coloma, MI PRICE REDUCED $22,000 FOR QUICK AS-IS SALE! Seller says sell! Cute, spacious 3-bed, 1.5-ba...	3 beds \| 2 baths \| 1,800 sq.ft.	$129,900	Airbnb cash on cash: 7.88% Traditional cash on cash: 9.3% Airbnb Rental Income: $1889 Traditional Rental Income: $1563 Airbnb ROI: 7.88% Traditional ROI: 9.3%
6133 Madison Street Coloma, MI TWO HOMES, ONE PROPERTY - DEEDED LAKE MICHIGAN BEACH ACCESS! Discover this unique opportun...	4 beds \| 2 baths \| 1,560 sq.ft.	$395,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 1.88% Airbnb Rental Income: $2668 Traditional Rental Income: $1583 Airbnb ROI: 3.09% Traditional ROI: 1.88%
6806 Ryno Road Coloma, MI Welcome to 6806 Ryno Road, a charming Southwest Michigan home where everyday living can fe...	2 beds \| 1 baths \| 864 sq.ft.	$179,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 5.62% Airbnb Rental Income: $1527 Traditional Rental Income: $1334 Airbnb ROI: 4.15% Traditional ROI: 5.62%
6027 Superior Street Coloma, MI Completely renovated Lake Michigan beach home just one block from private Lake Michigan Be...	3 beds \| 2 baths \| 1,785 sq.ft.	$345,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 4.91% Airbnb Rental Income: $1889 Traditional Rental Income: $2138 Airbnb ROI: 2.58% Traditional ROI: 4.91%
5264 Amy Drive Coloma, MI Well-maintained 3-bedroom, 2-bathroom manufactured home offering 1,456 sq ft of living spa...	3 beds \| 2 baths \| 1,456 sq.ft.	$179,900	Airbnb cash on cash: 5.72% Traditional cash on cash: 8.56% Airbnb Rental Income: $1889 Traditional Rental Income: $1872 Airbnb ROI: 5.72% Traditional ROI: 8.56%
2982 W Bundy Road Coloma, MI A top 5% Airbnb performer with all 5 star reviews, this turnkey brick walkout sits on a ra...	3 beds \| 2 baths \| 2,120 sq.ft.	$439,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 3.11% Airbnb Rental Income: $1889 Traditional Rental Income: $2157 Airbnb ROI: 1.23% Traditional ROI: 3.11%
4149 Riverside Road Coloma, MI Welcome to 4149 Riverside Rd! This charming 2-bedroom, 1-bath home offers an easy, move-in...	2 beds \| 1 baths \| 576 sq.ft.	$153,000	Airbnb cash on cash: 4.89% Traditional cash on cash: 4.99% Airbnb Rental Income: $1527 Traditional Rental Income: $1099 Airbnb ROI: 4.89% Traditional ROI: 4.99%

Real Estate investment in Coloma, MI

There are 38 properties for sale in the city of Coloma . The median list price in Coloma is $228,891 and the average price per square foot is $133. In November 2026, the average monthly cash on cash return in Coloma is 4.00%. The average monthly rental income in Coloma is $1,893.

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

There are 38 investment properties available for sale in Coloma.

In 2026, the best neighborhood to buy investment property is Coloma.

The ROI for Long-Term is higher than the Short-Term in Coloma with average rental income of $1,893.

Your search for investment property begins and ends here

Investment Property for Sale in Coloma, MI

5564 Newton Avenue

Coloma, MI

3 beds | 3 baths | 1,808 sq.ft.

$319,900

Airbnb cash on cash: 2.06%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $1889

Traditional Rental Income: $2578

Airbnb ROI: 2.06%

Traditional ROI: 6.02%

4960 Paw Paw Lake Road

Coloma, MI

3 beds | 2 baths | 1,710 sq.ft.

$230,000

Airbnb cash on cash: 3.84%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $1889

Traditional Rental Income: $1606

Airbnb ROI: 3.84%

Traditional ROI: 4.85%

6388 Sycamore Bluff

Coloma, MI

4 beds | 3 baths | 2,816 sq.ft.

$669,000

Airbnb cash on cash: 1.35%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2668

Traditional Rental Income: $3416

Airbnb ROI: 1.35%

Traditional ROI: 3.56%

157 Elvern Drive

Coloma, MI

4 beds | N/A baths | N/A

$274,000

Airbnb cash on cash: 4.45%

Traditional cash on cash: 2.37%

Airbnb Rental Income: $2668

Traditional Rental Income: $1497

Airbnb ROI: 4.45%

Traditional ROI: 2.37%

4733 Shore Drive

Coloma, MI

4 beds | 2 baths | 2,000 sq.ft.

$765,000

Airbnb cash on cash: 0.29%

Traditional cash on cash: 1.19%

Airbnb Rental Income: $2668

Traditional Rental Income: $2674

Airbnb ROI: 0.29%

Traditional ROI: 1.19%

82248 45th Avenue

Coloma, MI

2 beds | 1 baths | 902 sq.ft.

$209,900

Airbnb cash on cash: 2.9%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $1527

Traditional Rental Income: $1401

Airbnb ROI: 2.9%

Traditional ROI: 4.49%

6128 M 63 N

Coloma, MI

7 beds | N/A baths | N/A

$514,900

Airbnb cash on cash: 1.96%

Traditional cash on cash: 0.99%

Airbnb Rental Income: $2659

Traditional Rental Income: $1561

Airbnb ROI: 1.96%

Traditional ROI: 0.99%

5324 Becht Road

Coloma, MI

5 beds | 2 baths | 3,107 sq.ft.

$430,000

Airbnb cash on cash: 3.09%

Traditional cash on cash: 4.54%

Airbnb Rental Income: $2659

Traditional Rental Income: $2611

Airbnb ROI: 3.09%