Real Estate Investment Properties for Sale in Grayling, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8541 S Grayling Rd Grayling, MI Room to grow in this spacious 4-bedroom, 2-bath home set on 1 acre, offering the perfect b...	4 beds \| 2 baths \| 4,474 sq.ft.	$220,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 8.3% Airbnb Rental Income: $2233 Traditional Rental Income: $2346 Airbnb ROI: 5.06% Traditional ROI: 8.3%
713 E Michigan Avenue Grayling, MI Two story home in Grayling situated on a corner lot. This home offers a new furnace and a ...	3 beds \| 2 baths \| 1,558 sq.ft.	$175,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 10.17% Airbnb Rental Income: $912 Traditional Rental Income: $2110 Airbnb ROI: 0.94% Traditional ROI: 10.17%
1065 S Mcmasters Bridge Rd Grayling, MI Welcome to 1065 S McMasters Bridge Rd in Grayling! An exceptional log cabin retreat set al...	4 beds \| 3 baths \| 2,960 sq.ft.	$995,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.81% Airbnb Rental Income: $2233 Traditional Rental Income: $4108 Airbnb ROI: -0.82% Traditional ROI: 1.81%
3140 Northeast Trl Grayling, MI Welcome to Warblers Hideaway, a community with plenty of association amenities to enjoy. T...	3 beds \| 2 baths \| 1,526 sq.ft.	$345,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.7% Airbnb Rental Income: $912 Traditional Rental Income: $2126 Airbnb ROI: -1.1% Traditional ROI: 3.7%
403 Erie St Grayling, MI Double lot in downtown Grayling within walking distance of the AuSable River! Imagine waki...	4 beds \| 1 baths \| 1,650 sq.ft.	$225,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 6.21% Airbnb Rental Income: $2233 Traditional Rental Income: $1784 Airbnb ROI: 5.69% Traditional ROI: 6.21%
602 MAPLE ST Grayling, MI Invest with success and buy through Auction.com. This bank-owned investment property is a ...	N/A beds \| N/A baths \| N/A	$365,000	Airbnb cash on cash: -2.93% Traditional cash on cash: -0.21% Airbnb Rental Income: $173 Traditional Rental Income: $884 Airbnb ROI: -2.93% Traditional ROI: -0.21%
11846 W M-72 Hwy Grayling, MI Beautiful, spacious home along the Manistee River with 185 feet of frontage! This home fea...	5 beds \| 3 baths \| 4,700 sq.ft.	$559,900	Airbnb cash on cash: -1.41% Traditional cash on cash: 2.11% Airbnb Rental Income: $1039 Traditional Rental Income: $2519 Airbnb ROI: -1.41% Traditional ROI: 2.11%
1880 Cherry Creek Trl Grayling, MI Looking for the perfect up-north getaway or investment? This stunning property on over 2 w...	3 beds \| 1 baths \| 1,852 sq.ft.	$399,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 4.8% Airbnb Rental Income: $912 Traditional Rental Income: $2471 Airbnb ROI: -0.27% Traditional ROI: 4.8%
3123 Lovells Rd Grayling, MI This updated and newly remodeled mobile is a must see! Situated on 5+ beautiful acres. Cen...	2 beds \| 1 baths \| 1,030 sq.ft.	$165,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 7.42% Airbnb Rental Income: $817 Traditional Rental Income: $1516 Airbnb ROI: 0.92% Traditional ROI: 7.42%
2498 W Five Mile Rd Grayling, MI CABIN WITH 60.5 ACRES WITH STATE LAND ON 2 SIDES. POLE BARN 30 x 40 with electric. Hunters...	1 beds \| 1 baths \| 845 sq.ft.	$350,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 1.72% Airbnb Rental Income: $521 Traditional Rental Income: $1171 Airbnb ROI: -1.1% Traditional ROI: 1.72%
2969 Cambay Trl Grayling, MI This is an awesome Up North getaway! Whether you hunt, fish, camp, or just want to get awa...	3 beds \| 1 baths \| 962 sq.ft.	$145,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 7.71% Airbnb Rental Income: $912 Traditional Rental Income: $1460 Airbnb ROI: 1.31% Traditional ROI: 7.71%
6960 Trem Pal Grayling, MI SELLER MOTIVATED-PRIVATE mainstream AuSable riverfront seclusion- beautifully set in the w...	3 beds \| 2 baths \| 1,728 sq.ft.	$329,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.08% Airbnb Rental Income: $912 Traditional Rental Income: $2464 Airbnb ROI: -0.03% Traditional ROI: 6.08%
2706 Newatch Ave Grayling, MI Welcome to your dream getaway! Nestled along the pristine Au Sable River, this beautifully...	2 beds \| 1 baths \| 945 sq.ft.	$237,500	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.71% Airbnb Rental Income: $817 Traditional Rental Income: $1464 Airbnb ROI: 0.38% Traditional ROI: 4.71%
8994 S Oak Grayling, MI 5 bedrooms, 3 bathrooms with over 3,600sq ft on just over an acre. Newer 30x40 pole barn w...	5 beds \| 3 baths \| 3,652 sq.ft.	$340,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 8.31% Airbnb Rental Income: $1039 Traditional Rental Income: $3284 Airbnb ROI: 0.15% Traditional ROI: 8.31%
2894 White Pine Dr Grayling, MI Nestled just minutes from the crystal-clear Manistee River, this updated 2 bed, 2 bath hom...	2 beds \| 2 baths \| 970 sq.ft.	$139,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 9.22% Airbnb Rental Income: $817 Traditional Rental Income: $1571 Airbnb ROI: 1.17% Traditional ROI: 9.22%
2200 Daffodil Trl Grayling, MI Large family home located on a square 10 acre parcel in Maple Forest. This home is just un...	3 beds \| 2 baths \| 1,700 sq.ft.	$279,900	Airbnb cash on cash: 0.15% Traditional cash on cash: 6.71% Airbnb Rental Income: $912 Traditional Rental Income: $2302 Airbnb ROI: 0.15% Traditional ROI: 6.71%
110 State Street Grayling, MI Live on the AuSable River in Downtown Grayling â Residential Home + Lifestyle Business ...	3 beds \| 3 baths \| 1,434 sq.ft.	$660,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 1.74% Airbnb Rental Income: $912 Traditional Rental Income: $2719 Airbnb ROI: -1.75% Traditional ROI: 1.74%
15981 Snay Dr SE Grayling, MI Off the beaten path, this 3-bedroom home with attached garage is just a 1/2 mile from the ...	3 beds \| 1 baths \| 902 sq.ft.	$119,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 8.77% Airbnb Rental Income: $912 Traditional Rental Income: $1397 Airbnb ROI: 1.63% Traditional ROI: 8.77%
4079 W Pinecrest Rd Grayling, MI 4079 W Pinecrest Rd, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$149,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 5.07% Airbnb Rental Income: $912 Traditional Rental Income: $1180 Airbnb ROI: 0.83% Traditional ROI: 5.07%
10333 Madison Ave Grayling, MI 10333 Madison Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 2 baths \| 952 sq.ft.	$129,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 7.98% Airbnb Rental Income: $912 Traditional Rental Income: $1394 Airbnb ROI: 1.34% Traditional ROI: 7.98%
2698 Newatch Ave Grayling, MI 2698 Newatch Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$399,900	Airbnb cash on cash: -1.25% Traditional cash on cash: 0.37% Airbnb Rental Income: $912 Traditional Rental Income: $1180 Airbnb ROI: -1.25% Traditional ROI: 0.37%
9246 Outing Pl Grayling, MI 9246 Outing Pl, Grayling, MI 49738 \| Single Family Residential	2 beds \| 2 baths \| 1,817 sq.ft.	$350,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 2.54% Airbnb Rental Income: $817 Traditional Rental Income: $1756 Airbnb ROI: -1.31% Traditional ROI: 2.54%
1205 E Michigan Ave Grayling, MI 1205 E Michigan Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 2 baths \| 2,240 sq.ft.	$249,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 5.88% Airbnb Rental Income: $912 Traditional Rental Income: $2076 Airbnb ROI: -0.5% Traditional ROI: 5.88%
Parcel B Cherry Creek Trl Grayling, MI Parcel B Cherry Creek Trl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$174,900	Airbnb cash on cash: -3.34% Traditional cash on cash: 0.22% Airbnb Rental Income: $173 Traditional Rental Income: $548 Airbnb ROI: -3.34% Traditional ROI: 0.22%
N Wakeley Bridge Rd #040-40-012-11-040-00 Grayling, MI Wakeley Bridge Rd, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$64,900	Airbnb cash on cash: -4.6% Traditional cash on cash: 8.62% Airbnb Rental Income: $173 Traditional Rental Income: $811 Airbnb ROI: -4.6% Traditional ROI: 8.62%
V/L L71-75 Evergreen Dr Lot 71-75 Grayling, MI V/L L71-75 Evergreen Dr, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: -5.75% Traditional cash on cash: 8.24% Airbnb Rental Income: $173 Traditional Rental Income: $537 Airbnb ROI: -5.75% Traditional ROI: 8.24%
000 W M-72 Hwy #3.57 acres Grayling, MI 000 W M-72 Hwy, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$129,900	Airbnb cash on cash: -3.61% Traditional cash on cash: 1.05% Airbnb Rental Income: $173 Traditional Rental Income: $537 Airbnb ROI: -3.61% Traditional ROI: 1.05%
5973 W M-72 Hwy #16 Acres Grayling, MI 5973 W M-72 Hwy, Grayling, MI 49738 \| Single Family Residential	1 beds \| 1 baths \| 836 sq.ft.	$950,000	Airbnb cash on cash: -2.36% Traditional cash on cash: -1.71% Airbnb Rental Income: $521 Traditional Rental Income: $816 Airbnb ROI: -2.36% Traditional ROI: -1.71%
3119 Main Grayling, MI The perfect getaway awaits! Located near Lovells, and close proximity to Grayling sits thi...	2 beds \| 1 baths \| 1,064 sq.ft.	$129,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 7.03% Airbnb Rental Income: $817 Traditional Rental Income: $1285 Airbnb ROI: 0.69% Traditional ROI: 7.03%
2916 N Portage Ave Grayling, MI Amazing Lake Margrethe cottage with 50' directly on the lake! East side location makes the...	3 beds \| 2 baths \| 2,250 sq.ft.	$590,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 1.06% Airbnb Rental Income: $912 Traditional Rental Income: $2071 Airbnb ROI: -1.66% Traditional ROI: 1.06%
900 Richardson Rd Grayling, MI Beautiful home located near the AuSable River which is currently being used as a weekly re...	3 beds \| 2 baths \| 2,400 sq.ft.	$359,900	Airbnb cash on cash: -1.11% Traditional cash on cash: 3.5% Airbnb Rental Income: $912 Traditional Rental Income: $2130 Airbnb ROI: -1.11% Traditional ROI: 3.5%
0 Palmer Pl Grayling, MI 0 Palmer Pl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: -5% Traditional cash on cash: 6.14% Airbnb Rental Income: $173 Traditional Rental Income: $626 Airbnb ROI: -5% Traditional ROI: 6.14%
3028 Palmer Pl Grayling, MI 3028 Palmer Pl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: -5% Traditional cash on cash: 6.14% Airbnb Rental Income: $173 Traditional Rental Income: $626 Airbnb ROI: -5% Traditional ROI: 6.14%
7 Timber Trail Grayling, MI Is there a 3-bed ranch home in The Oaks of Tyrone with a wide open layout and luxury finis...	4 beds \| 3 baths \| 2,300 sq.ft.	$825,222	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.98% Airbnb Rental Income: $2233 Traditional Rental Income: $3008 Airbnb ROI: -0.76% Traditional ROI: 0.98%
1107 Ogemaw St Grayling, MI Set on a generous third-acre double lot in a quiet Grayling neighborhood, this 3-bedroom, ...	3 beds \| 2 baths \| 1,363 sq.ft.	$219,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 7.28% Airbnb Rental Income: $912 Traditional Rental Income: $1998 Airbnb ROI: 0.4% Traditional ROI: 7.28%

Real Estate investment in Grayling, MI

There are 62 properties for sale in the city of Grayling . The median list price in Grayling is $62,450 and the average price per square foot is $64. In May 2026, the average monthly cash on cash return in Grayling is 9.00%. The average monthly rental income in Grayling is $811.

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

There are 62 investment properties available for sale in Grayling.

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

The ROI for Long-Term is higher than the Short-Term in Grayling with average rental income of $811.

Your search for investment property begins and ends here

Investment Property for Sale in Grayling, MI

8541 S Grayling Rd

Grayling, MI

4 beds | 2 baths | 4,474 sq.ft.

$220,000

Airbnb cash on cash: 5.06%

Traditional cash on cash: 8.3%

Airbnb Rental Income: $2233

Traditional Rental Income: $2346

Airbnb ROI: 5.06%

Traditional ROI: 8.3%

713 E Michigan Avenue

Grayling, MI

3 beds | 2 baths | 1,558 sq.ft.

$175,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 10.17%

Airbnb Rental Income: $912

Traditional Rental Income: $2110

Airbnb ROI: 0.94%

Traditional ROI: 10.17%

1065 S Mcmasters Bridge Rd

Grayling, MI

4 beds | 3 baths | 2,960 sq.ft.

$995,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 1.81%

Airbnb Rental Income: $2233

Traditional Rental Income: $4108

Airbnb ROI: -0.82%

Traditional ROI: 1.81%

3140 Northeast Trl

Grayling, MI

3 beds | 2 baths | 1,526 sq.ft.

$345,000

Airbnb cash on cash: -1.1%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $912

Traditional Rental Income: $2126

Airbnb ROI: -1.1%

Traditional ROI: 3.7%

403 Erie St

Grayling, MI

4 beds | 1 baths | 1,650 sq.ft.

$225,000

Airbnb cash on cash: 5.69%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $2233

Traditional Rental Income: $1784

Airbnb ROI: 5.69%

Traditional ROI: 6.21%

602 MAPLE ST

Grayling, MI

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

$365,000

Airbnb cash on cash: -2.93%

Traditional cash on cash: -0.21%

Airbnb Rental Income: $173

Traditional Rental Income: $884

Airbnb ROI: -2.93%

Traditional ROI: -0.21%

11846 W M-72 Hwy

Grayling, MI

5 beds | 3 baths | 4,700 sq.ft.

$559,900

Airbnb cash on cash: -1.41%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1039

Traditional Rental Income: $2519

Airbnb ROI: -1.41%

Traditional ROI: 2.11%

1880 Cherry Creek Trl

Grayling, MI

3 beds | 1 baths | 1,852 sq.ft.

$399,900

Airbnb cash on cash: -0.27%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $912

Traditional Rental Income: $2471

Airbnb ROI: -0.27%