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.

Single Family Homes for Sale in Elk Rapids, MI

Search for Single Family Residential for Sale in Elk Rapids, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 19 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
14832 Williams Drive Elk Rapids, MI This charming 4-bedroom, 3-bath waterfront home on Birch Lake offers tranquil lakefront li...	4 beds \| 2 baths \| 1,680 sq.ft.	$724,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 2.41% Airbnb Rental Income: $2988 Traditional Rental Income: $2488 Airbnb ROI: 2.13% Traditional ROI: 2.41%
7457 Cairn Highway Elk Rapids, MI Looking for the perfect vacation getaway, family home, or income-producing short-term rent...	3 beds \| 2 baths \| 1,464 sq.ft.	$399,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.45% Airbnb Rental Income: $2058 Traditional Rental Income: $2333 Airbnb ROI: 1.3% Traditional ROI: 3.45%
7434 Terrace Avenue Elk Rapids, MI PUBLIC ACCESS ONLY 110' FROM BACKYARD at what is arguably the prettiest end of the lake wi...	3 beds \| 1 baths \| 1,698 sq.ft.	$424,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 3.81% Airbnb Rental Income: $2058 Traditional Rental Income: $2142 Airbnb ROI: 2.26% Traditional ROI: 3.81%
10215 ELK LAKE ROAD Elk Rapids, MI You'll love this modern builder's own home on 4+ acres with multiple outbuildings and a fa...	4 beds \| 3 baths \| 2,681 sq.ft.	$1,150,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 1.25% Airbnb Rental Income: $2988 Traditional Rental Income: $2865 Airbnb ROI: 0.72% Traditional ROI: 1.25%
312 PINE STREET Elk Rapids, MI West side of the charming village of Elk Rapids, walking distance to downtown and beach. ...	3 beds \| 2 baths \| 3,475 sq.ft.	$495,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 0.69% Airbnb Rental Income: $2058 Traditional Rental Income: $1580 Airbnb ROI: 0.57% Traditional ROI: 0.69%
103 Ottawa Elk Rapids, MI Price Improved! Built at the beginning of the twentieth century, this 1900s home has the p...	3 beds \| 1 baths \| 1,463 sq.ft.	$300,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 3.87% Airbnb Rental Income: $2058 Traditional Rental Income: $1606 Airbnb ROI: 3.59% Traditional ROI: 3.87%
14088 BLUFF ROAD Elk Rapids, MI Discover an exceptional waterfront property on Old Mission Peninsula, boasting over 202' o...	5 beds \| 4 baths \| 3,001 sq.ft.	$3,000,000	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $4495 Airbnb ROI: N/A Traditional ROI: 0%
8144 Cairn Highway Elk Rapids, MI Elk Rapids ranch home with 3 bedrooms, 1720 finished sq ft, oversized 2 car garage, full b...	3 beds \| 1 baths \| 1,720 sq.ft.	$573,500	Airbnb cash on cash: 1.14% Traditional cash on cash: 1.98% Airbnb Rental Income: $2058 Traditional Rental Income: $1976 Airbnb ROI: 1.14% Traditional ROI: 1.98%
2721 NELSON ROAD Elk Rapids, MI Old Mission Peninsulas Most Photographed Home - Iconic Green Design by William McDonough. ...	4 beds \| 6 baths \| 3,665 sq.ft.	$4,399,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.02% Airbnb Rental Income: $2988 Traditional Rental Income: $6510 Airbnb ROI: -1.01% Traditional ROI: 0.02%
609 Cedar Street Elk Rapids, MI Great location in Elk Rapids westside. Easy walk to the beach, Elk Rapids Harbor and the M...	2 beds \| 2 baths \| 1,004 sq.ft.	$349,000	Airbnb cash on cash: 1% Traditional cash on cash: 3.38% Airbnb Rental Income: $1311 Traditional Rental Income: $1684 Airbnb ROI: 1% Traditional ROI: 3.38%
129 Center Street Elk Rapids, MI Welcome to this inviting 3-bedroom, 3-bath home located in the heart of downtown Elk Rapid...	3 beds \| 3 baths \| 1,540 sq.ft.	$335,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 5.58% Airbnb Rental Income: $2058 Traditional Rental Income: $2403 Airbnb ROI: 2.79% Traditional ROI: 5.58%
6705 W Harbor Drive Elk Rapids, MI Waterfront Living at Its Finest! Curb appeal and comfort come together in this beautifully...	3 beds \| 3 baths \| 2,350 sq.ft.	$1,295,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 0.11% Airbnb Rental Income: $2058 Traditional Rental Income: $3279 Airbnb ROI: -1.34% Traditional ROI: 0.11%
6782 E Harbor Drive Elk Rapids, MI ESTATE SALE - walk out your back door, hop in your boat and motor into East Bay. Or head ...	3 beds \| 3 baths \| 1,381 sq.ft.	$645,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 2.69% Airbnb Rental Income: $2058 Traditional Rental Income: $2589 Airbnb ROI: 0.92% Traditional ROI: 2.69%
8543 Cairn Highway Elk Rapids, MI 338 Feet of Elk Lake Frontage - Rare, Splittable Property. Properties like this are nearl...	4 beds \| 4 baths \| 2,000 sq.ft.	$3,200,000	Airbnb cash on cash: -0.52% Traditional cash on cash: -0.09% Airbnb Rental Income: $2988 Traditional Rental Income: $3594 Airbnb ROI: -0.52% Traditional ROI: -0.09%
3939 BLUE HEIGHTS DRIVE Elk Rapids, MI Old Mission Stunner! This home is perfection! With stunning East Bay views and a beach jus...	3 beds \| 3 baths \| 1,354 sq.ft.	$1,500,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 0.41% Airbnb Rental Income: $2058 Traditional Rental Income: $2476 Airbnb ROI: -0.27% Traditional ROI: 0.41%
615 Buckley Elk Rapids, MI This four bedroom house with a double lot checks all the boxes for location. Schools, gol...	4 beds \| 1 baths \| 1,193 sq.ft.	$390,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 2.16% Airbnb Rental Income: $2988 Traditional Rental Income: $1808 Airbnb ROI: 3.51% Traditional ROI: 2.16%
307 Lamoreaux Drive Elk Rapids, MI Beautiful, well maintained home in the desirable Elk Rapids Heights. This beauty boasts m...	2 beds \| 2 baths \| 1,592 sq.ft.	$399,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.07% Airbnb Rental Income: $1311 Traditional Rental Income: $2189 Airbnb ROI: -0.36% Traditional ROI: 3.07%
14832 Williams Elk Rapids, MI This charming 4-bedroom, 3-bath waterfront home on Birch Lake offers tranquil lakefront li...	3 beds \| 3 baths \| 1,680 sq.ft.	$724,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 2.59% Airbnb Rental Income: $2058 Traditional Rental Income: $2810 Airbnb ROI: 0.69% Traditional ROI: 2.59%
14820 Inwood Circle Drive Elk Rapids, MI Contemporary Cedar Home with Beach & Dock Access! Enjoy the best of Northern Michigan livi...	3 beds \| 3 baths \| 2,100 sq.ft.	$395,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 7.17% Airbnb Rental Income: $2058 Traditional Rental Income: $3166 Airbnb ROI: 2.74% Traditional ROI: 7.17%

Your search for investment property begins and ends here

Single Family Homes for Sale in Elk Rapids, MI

14832 Williams Drive

Elk Rapids, MI

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

$724,900

Airbnb cash on cash: 2.13%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2988

Traditional Rental Income: $2488

Airbnb ROI: 2.13%

Traditional ROI: 2.41%

7457 Cairn Highway

Elk Rapids, MI

3 beds | 2 baths | 1,464 sq.ft.

$399,900

Airbnb cash on cash: 1.3%

Traditional cash on cash: 3.45%

Airbnb Rental Income: $2058

Traditional Rental Income: $2333

Airbnb ROI: 1.3%

Traditional ROI: 3.45%

7434 Terrace Avenue

Elk Rapids, MI

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

$424,000

Airbnb cash on cash: 2.26%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $2058

Traditional Rental Income: $2142

Airbnb ROI: 2.26%

Traditional ROI: 3.81%

10215 ELK LAKE ROAD

Elk Rapids, MI

4 beds | 3 baths | 2,681 sq.ft.

$1,150,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 1.25%

Airbnb Rental Income: $2988

Traditional Rental Income: $2865

Airbnb ROI: 0.72%

Traditional ROI: 1.25%

312 PINE STREET

Elk Rapids, MI

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

$495,000

Airbnb cash on cash: 0.57%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $2058

Traditional Rental Income: $1580

Airbnb ROI: 0.57%

Traditional ROI: 0.69%

103 Ottawa

Elk Rapids, MI

3 beds | 1 baths | 1,463 sq.ft.

$300,000

Airbnb cash on cash: 3.59%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $2058

Traditional Rental Income: $1606

Airbnb ROI: 3.59%

Traditional ROI: 3.87%

14088 BLUFF ROAD

Elk Rapids, MI

5 beds | 4 baths | 3,001 sq.ft.

$3,000,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0%

Airbnb Rental Income: $null

Traditional Rental Income: $4495

Airbnb ROI: N/A

Traditional ROI: 0%

8144 Cairn Highway

Elk Rapids, MI

3 beds | 1 baths | 1,720 sq.ft.

$573,500

Airbnb cash on cash: 1.14%

Traditional cash on cash: 1.98%

Airbnb Rental Income: $2058

Traditional Rental Income: $1976

Airbnb ROI: 1.14%