Real Estate Investment Properties for Sale in Johannesburg, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
7501 Douglas Lake Rd Johannesburg, MI Nicely updated 3 bedroom 2 bathroom walkout with 160 feet of frontage on secluded all-spor...	3 beds \| 2 baths \| 1,920 sq.ft.	$549,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.24% Airbnb Rental Income: $2073 Traditional Rental Income: $3016 Airbnb ROI: 1.36% Traditional ROI: 4.24%
8078 Old State Rd Johannesburg, MI Private Up North Retreat! Very well maintained 3-bedroom, 1.5-bath chalet situated on .68 ...	3 beds \| 1 baths \| 1,136 sq.ft.	$229,000	Airbnb cash on cash: 4.93% Traditional cash on cash: 7.04% Airbnb Rental Income: $2073 Traditional Rental Income: $1995 Airbnb ROI: 4.93% Traditional ROI: 7.04%
3091 Old State Road Johannesburg, MI Escape to the woods with this cozy 1 bed, 1 bath home on 3.5 acres just 7 miles east of Jo...	1 beds \| 1 baths \| 1,000 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.69% Airbnb Rental Income: $null Traditional Rental Income: $1385 Airbnb ROI: N/A Traditional ROI: 7.69%
7584 Melvindale Camp Rd Johannesburg, MI Beautiful location on all-sports Douglas Lake! This rare offering features 15.4 private ac...	2 beds \| 2 baths \| 960 sq.ft.	$389,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 2.46% Airbnb Rental Income: $636 Traditional Rental Income: $1944 Airbnb ROI: -1.94% Traditional ROI: 2.46%
14795 Thirteenth St Johannesburg, MI This extraordinary, one-of-a-kind barndominium is everything you imagine when you dream of...	3 beds \| 2 baths \| 3,994 sq.ft.	$879,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 0.44% Airbnb Rental Income: $2073 Traditional Rental Income: $1469 Airbnb ROI: 0.52% Traditional ROI: 0.44%
6744 Crystal St Johannesburg, MI Situated between Little Bear Lake and Big Bear Lake, this 2-bedroom home sits on three spa...	2 beds \| 1 baths \| 965 sq.ft.	$130,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 6.63% Airbnb Rental Income: $636 Traditional Rental Income: $1094 Airbnb ROI: 0.61% Traditional ROI: 6.63%
3074 Coolwater Ave Johannesburg, MI ADORABLE CHALET AT LAKE LOUISE - This 3 bedroom, 2 bath home with walkout basement has bee...	3 beds \| 2 baths \| 2,240 sq.ft.	$330,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 3.06% Airbnb Rental Income: $2073 Traditional Rental Income: $1469 Airbnb ROI: 3.28% Traditional ROI: 3.06%
7277 Douglas Lake Rd Johannesburg, MI This is the Northern Michigan getaway everyone is looking for! Situated on 131 feet of fro...	4 beds \| 3 baths \| 1,800 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.63% Airbnb Rental Income: $null Traditional Rental Income: $3152 Airbnb ROI: N/A Traditional ROI: 5.63%
13836 Island Dr Johannesburg, MI LITTLE BEAR LAKEFRONT - Do not miss the chance to own one of the best locations on this al...	3 beds \| 3 baths \| 2,363 sq.ft.	$449,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 1.37% Airbnb Rental Income: $2073 Traditional Rental Income: $1469 Airbnb ROI: 1.53% Traditional ROI: 1.37%
3560 Southview Dr Johannesburg, MI	3 beds \| 2 baths \| 1,512 sq.ft.	$350,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 2.72% Airbnb Rental Income: $2073 Traditional Rental Income: $1469 Airbnb ROI: 2.93% Traditional ROI: 2.72%
5929 Star Rd Johannesburg, MI Newly updated 3 bedroom house without the waterfront taxes on Little Bear Lake in Johannes...	3 beds \| 1 baths \| 924 sq.ft.	$269,900	Airbnb cash on cash: 4.12% Traditional cash on cash: 3.85% Airbnb Rental Income: $2073 Traditional Rental Income: $1469 Airbnb ROI: 4.12% Traditional ROI: 3.85%

Real Estate investment in Johannesburg, MI

There are 22 properties for sale in the city of Johannesburg . The median list price in Johannesburg is $254,900 and the average price per square foot is $152. In July 2026, the average monthly cash on cash return in Johannesburg is 6.00%. The average monthly rental income in Johannesburg is $1,643.

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

There are 22 investment properties available for sale in Johannesburg.

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

The ROI for Long-Term is higher than the Short-Term in Johannesburg with average rental income of $1,643.

Your search for investment property begins and ends here

Investment Property for Sale in Johannesburg, MI

7501 Douglas Lake Rd

Johannesburg, MI

3 beds | 2 baths | 1,920 sq.ft.

$549,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $2073

Traditional Rental Income: $3016

Airbnb ROI: 1.36%

Traditional ROI: 4.24%

8078 Old State Rd

Johannesburg, MI

3 beds | 1 baths | 1,136 sq.ft.

$229,000

Airbnb cash on cash: 4.93%

Traditional cash on cash: 7.04%

Airbnb Rental Income: $2073

Traditional Rental Income: $1995

Airbnb ROI: 4.93%

Traditional ROI: 7.04%

3091 Old State Road

Johannesburg, MI

1 beds | 1 baths | 1,000 sq.ft.

$145,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1385

Airbnb ROI: N/A

Traditional ROI: 7.69%

7584 Melvindale Camp Rd

Johannesburg, MI

2 beds | 2 baths | 960 sq.ft.

$389,000

Airbnb cash on cash: -1.94%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $636

Traditional Rental Income: $1944

Airbnb ROI: -1.94%

Traditional ROI: 2.46%

14795 Thirteenth St

Johannesburg, MI

3 beds | 2 baths | 3,994 sq.ft.

$879,900

Airbnb cash on cash: 0.52%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $2073

Traditional Rental Income: $1469

Airbnb ROI: 0.52%

Traditional ROI: 0.44%

6744 Crystal St

Johannesburg, MI

2 beds | 1 baths | 965 sq.ft.

$130,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $636

Traditional Rental Income: $1094

Airbnb ROI: 0.61%

Traditional ROI: 6.63%

3074 Coolwater Ave

Johannesburg, MI

3 beds | 2 baths | 2,240 sq.ft.

$330,000

Airbnb cash on cash: 3.28%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $2073

Traditional Rental Income: $1469

Airbnb ROI: 3.28%

Traditional ROI: 3.06%

7277 Douglas Lake Rd

Johannesburg, MI

4 beds | 3 baths | 1,800 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.63%

Airbnb Rental Income: $null

Traditional Rental Income: $3152

Airbnb ROI: N/A