Real Estate Investment Properties for Sale in Kaleva, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
7455 Mcclellan Rd Kaleva, MI Escape to your private waterfront paradise on Big Bear Creek. This exceptional 3-bedroom, ...	3 beds \| 2 baths \| 1,500 sq.ft.	$330,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.79% Airbnb Rental Income: $1451 Traditional Rental Income: $1714 Airbnb ROI: 1.55% Traditional ROI: 3.79%
15744 Creamery Rd Kaleva, MI 15744 Creamery Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $526 Airbnb ROI: N/A Traditional ROI: 2.44%
VL 17 9 Mile Rd Kaleva, MI VL 17 9 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.01% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 0.01%
VL 9 Mile Rd Kaleva, MI VL 9 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.3% Airbnb Rental Income: $null Traditional Rental Income: $588 Airbnb ROI: N/A Traditional ROI: 0.3%
Pihl Rd Kaleva, MI Pihl Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$125,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.02% Airbnb Rental Income: $null Traditional Rental Income: $640 Airbnb ROI: N/A Traditional ROI: 2.02%
00 Makinen Rd Kaleva, MI 00 Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.06% Airbnb Rental Income: $null Traditional Rental Income: $640 Airbnb ROI: N/A Traditional ROI: -1.06%
VL 5 acres 9 Mile Rd Kaleva, MI VL 5 acres 9 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$69,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $641 Airbnb ROI: N/A Traditional ROI: 5.41%
Lyman Rd Lot 18 Kaleva, MI Lyman Rd Lot 18, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$39,999	Airbnb cash on cash: N/A Traditional cash on cash: 10.88% Airbnb Rental Income: $null Traditional Rental Income: $648 Airbnb ROI: N/A Traditional ROI: 10.88%
Parcel A Makinen Rd Kaleva, MI Parcel A Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$84,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 4.12%
Parcel B Makinen Rd Kaleva, MI Parcel B Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$84,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 4.12%
Parcel D Niemi Rd Kaleva, MI Parcel D Niemi Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 4.95%
Parcel C Niemi Rd Kaleva, MI Parcel C Niemi Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 4.95%
8837 Johnson Rd Kaleva, MI 8837 Johnson Rd, Kaleva, MI 49645 \| Single Family Residential	4 beds \| 3 baths \| 3,150 sq.ft.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.69% Airbnb Rental Income: $null Traditional Rental Income: $2791 Airbnb ROI: N/A Traditional ROI: 1.69%
13542 Makinen Rd Kaleva, MI 13542 Makinen Rd, Kaleva, MI 49645 \| Single Family Residential	3 beds \| 2 baths \| 1,468 sq.ft.	$285,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.92% Airbnb Rental Income: $1451 Traditional Rental Income: $1823 Airbnb ROI: 0.93% Traditional ROI: 3.92%
13251 Makinen Rd Kaleva, MI 13251 Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.71% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 0.71%
VL Vl 9 Mile Rd Kaleva, MI VL Vl 9 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.62% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 0.62%
9638 8 Mile Rd Kaleva, MI 9638 8 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.11% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 1.11%
13291 Johnson Rd Kaleva, MI 13291 Johnson Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$294,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.53% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: -0.53%
Johnson Rd Kaleva, MI Johnson Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$294,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.53% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: -0.53%
25a Nyrkkanen Rd Kaleva, MI 25a Nyrkkanen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.09% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 1.09%
9 Mile Rd Kaleva, MI 9 Mile Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.03% Airbnb Rental Income: $null Traditional Rental Income: $647 Airbnb ROI: N/A Traditional ROI: 0.03%
9095 Bear Creek Dr Kaleva, MI 9095 Bear Creek Dr, Kaleva, MI 49645 \| Single Family Residential	3 beds \| 2 baths \| 2,709 sq.ft.	$525,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 1.77% Airbnb Rental Income: $1451 Traditional Rental Income: $2201 Airbnb ROI: -0.64% Traditional ROI: 1.77%
15766 Makinen Rd Kaleva, MI 15766 Makinen Rd, Kaleva, MI 49645 \| Manufactured Home	5 beds \| 3 baths \| 2,220 sq.ft.	$280,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 6.84% Airbnb Rental Income: $682 Traditional Rental Income: $2563 Airbnb ROI: -1.43% Traditional ROI: 6.84%
Par 2 Clements Rd Kaleva, MI Par 2 Clements Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 4.78%
Par 4 Clements Rd Kaleva, MI Par 4 Clements Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.25% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 5.25%
Par 3 Clements Rd Kaleva, MI Par 3 Clements Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 4.78%
Par 1 & 5 Clements Rd Kaleva, MI Par 1 & 5 Clements Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.25% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 5.25%
Adamson Lake Rd Kaleva, MI Adamson Lake Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $661 Airbnb ROI: N/A Traditional ROI: 4.72%
Parcel 2 Makinen Rd Kaleva, MI Parcel 2 Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.61% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 1.61%
Parcel 1 Makinen Rd Kaleva, MI Parcel 1 Makinen Rd, Kaleva, MI 49645 \| Other	N/A beds \| N/A baths \| N/A	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.61% Airbnb Rental Income: $null Traditional Rental Income: $665 Airbnb ROI: N/A Traditional ROI: 1.61%

Real Estate investment in Kaleva, MI

There are 32 properties for sale in the city of Kaleva . The median list price in Kaleva is $200,000 and the average price per square foot is $101. In September 2026, the average monthly cash on cash return in Kaleva is 4.00%. The average monthly rental income in Kaleva is $644.

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

There are 32 investment properties available for sale in Kaleva.

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

The ROI for Long-Term is higher than the Short-Term in Kaleva with average rental income of $644.

Your search for investment property begins and ends here

Investment Property for Sale in Kaleva, MI

7455 Mcclellan Rd

Kaleva, MI

3 beds | 2 baths | 1,500 sq.ft.

$330,000

Airbnb cash on cash: 1.55%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $1451

Traditional Rental Income: $1714

Airbnb ROI: 1.55%

Traditional ROI: 3.79%

15744 Creamery Rd

Kaleva, MI

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

$89,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.44%

Airbnb Rental Income: $null

Traditional Rental Income: $526

Airbnb ROI: N/A

Traditional ROI: 2.44%

VL 17 9 Mile Rd

Kaleva, MI

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

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.01%

Airbnb Rental Income: $null

Traditional Rental Income: $537

Airbnb ROI: N/A

Traditional ROI: 0.01%

VL 9 Mile Rd

Kaleva, MI

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

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.3%

Airbnb Rental Income: $null

Traditional Rental Income: $588

Airbnb ROI: N/A

Traditional ROI: 0.3%

Pihl Rd

Kaleva, MI

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

$125,500

Airbnb cash on cash: N/A

Traditional cash on cash: 2.02%

Airbnb Rental Income: $null

Traditional Rental Income: $640

Airbnb ROI: N/A

Traditional ROI: 2.02%

00 Makinen Rd

Kaleva, MI

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

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.06%

Airbnb Rental Income: $null

Traditional Rental Income: $640

Airbnb ROI: N/A

Traditional ROI: -1.06%

VL 5 acres 9 Mile Rd

Kaleva, MI

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

$69,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.41%

Airbnb Rental Income: $null

Traditional Rental Income: $641

Airbnb ROI: N/A

Traditional ROI: 5.41%

Lyman Rd Lot 18

Kaleva, MI

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

$39,999

Airbnb cash on cash: N/A

Traditional cash on cash: 10.88%

Airbnb Rental Income: $null

Traditional Rental Income: $648

Airbnb ROI: N/A