Real Estate Investment Properties for Sale in Kalkaska, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5041 Maple Knoll Drive NE Kalkaska, MI Charming all-sports lakefront property on beautiful Manistee Lake offering the perfect fou...	2 beds \| 2 baths \| 957 sq.ft.	$599,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 1.26% Airbnb Rental Income: $1196 Traditional Rental Income: $1865 Airbnb ROI: -0.63% Traditional ROI: 1.26%
1106 Washington Ave Kalkaska, MI New Construction, This 3 bedroom, 2 bath bi-level, qualifies for zero down financing, Car...	2 beds \| 1 baths \| 1,200 sq.ft.	$299,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.41% Airbnb Rental Income: $1196 Traditional Rental Income: $1767 Airbnb ROI: 0.01% Traditional ROI: 3.41%
1158 East Lake Dr Kalkaska, MI Lakeside living is yours for the summer, and it doesn't get much easier than this! What y...	2 beds \| 1 baths \| 720 sq.ft.	$239,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 4.07% Airbnb Rental Income: $1196 Traditional Rental Income: $1588 Airbnb ROI: 0.63% Traditional ROI: 4.07%
7249 NE Blue Lake Rd Kalkaska, MI Unmatched quality down to every finish detail is found here in this Maple Ridge Custom Hom...	4 beds \| 3 baths \| 4,025 sq.ft.	$1,250,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 0.06% Airbnb Rental Income: $2009 Traditional Rental Income: $3110 Airbnb ROI: -1.33% Traditional ROI: 0.06%
493 NE County Road 571 Kalkaska, MI Horse Lover's Delight! 30 acre setting 7 miles from Kalkaska, 23 miles from Flint Fields H...	2 beds \| 1 baths \| 672 sq.ft.	$420,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 1.31% Airbnb Rental Income: $1196 Traditional Rental Income: $1601 Airbnb ROI: -0.71% Traditional ROI: 1.31%
6241 E Bass Lake Rd Kalkaska, MI WELL MAINTAINED COTTAGE ON BEAUTIFUL BASS LAKE! Enjoy Bass Lake's clear water, wonderful ...	3 beds \| 2 baths \| 1,100 sq.ft.	$270,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.56% Airbnb Rental Income: $1393 Traditional Rental Income: $1896 Airbnb ROI: 0.93% Traditional ROI: 4.56%
314 S Essex St Kalkaska, MI Kalkaska. Great family home that offers a 2 car garage, plus a pole barn with electric. Mu...	2 beds \| 1 baths \| 950 sq.ft.	$229,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.12% Airbnb Rental Income: $1196 Traditional Rental Income: $1320 Airbnb ROI: 0.77% Traditional ROI: 3.12%
6645 Birch Dr NE Kalkaska, MI Absolutely gorgeous home with fantastic frontage on Indian Lake! Gentle roll to the beach ...	2 beds \| 1 baths \| 1,176 sq.ft.	$380,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.82% Airbnb Rental Income: $1196 Traditional Rental Income: $1643 Airbnb ROI: -0.52% Traditional ROI: 1.82%
116 S Walnut Kalkaska, MI Historic Village Home in Kalkaska is one of a kind! You will love the location of this Ka...	3 beds \| 1 baths \| 1,433 sq.ft.	$269,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.8% Airbnb Rental Income: $1393 Traditional Rental Income: $1701 Airbnb ROI: 0.93% Traditional ROI: 3.8%
5251 E Shore Dr Kalkaska, MI Whether you're looking to purchase your first home, find a Northern Michigan getaway, or s...	2 beds \| 1 baths \| 1,418 sq.ft.	$229,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.75% Airbnb Rental Income: $1196 Traditional Rental Income: $1669 Airbnb ROI: 0.78% Traditional ROI: 4.75%
204 N Orange St Kalkaska, MI Find your forever home right here in Kalkaska! This 3 bedroom 2 bath home has been recentl...	3 beds \| 2 baths \| 1,612 sq.ft.	$330,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.42% Airbnb Rental Income: $1393 Traditional Rental Income: $1938 Airbnb ROI: 0.31% Traditional ROI: 3.42%
306 Third St Kalkaska, MI This 4-bedroom home is conveniently located in the Village of Kalkaska. Remodeled and upgr...	4 beds \| 2 baths \| 2,085 sq.ft.	$299,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 5.33% Airbnb Rental Income: $2009 Traditional Rental Income: $2304 Airbnb ROI: 2.42% Traditional ROI: 5.33%
5216 E Shore Dr NE Kalkaska, MI Walking distance to Manistee Lake public access. This newly renovated 3 bedroom 2 bathroo...	3 beds \| 2 baths \| 1,072 sq.ft.	$279,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 3.65% Airbnb Rental Income: $1393 Traditional Rental Income: $1720 Airbnb ROI: 0.81% Traditional ROI: 3.65%
615 NE County Road 571 Kalkaska, MI Welcome to your new home in the heart of Northern Michigan! This beautifully updated 3 bed...	3 beds \| 2 baths \| 1,560 sq.ft.	$259,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 6.2% Airbnb Rental Income: $1393 Traditional Rental Income: $1932 Airbnb ROI: 2.27% Traditional ROI: 6.2%
714 SE Saunders Road Kalkaska, MI Beautiful private setting close to town this newly built home offers the comfort of the co...	3 beds \| 2 baths \| 1,431 sq.ft.	$315,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 6.09% Airbnb Rental Income: $1393 Traditional Rental Income: $2455 Airbnb ROI: 1.09% Traditional ROI: 6.09%
5960 N Trail SE Kalkaska, MI 15.3 acres located in Kalkaska County, in the heart of Orange Township! Escape the hustle ...	2 beds \| 2 baths \| 1,600 sq.ft.	$174,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 11.22% Airbnb Rental Income: $1196 Traditional Rental Income: $2193 Airbnb ROI: 2.9% Traditional ROI: 11.22%
262 E Bear Lake Rd NE Kalkaska, MI Are you serious?! A 3 bed/2ba home with Garage/Pole Building, over 2 acres and only 2min a...	3 beds \| 2 baths \| 1,152 sq.ft.	$169,900	Airbnb cash on cash: 4% Traditional cash on cash: 10.34% Airbnb Rental Income: $1393 Traditional Rental Income: $1999 Airbnb ROI: 4% Traditional ROI: 10.34%
13765 Sunburry Road NE Kalkaska, MI Up North Cottage with public access to Blue Lake just 300 feet away! This charming updated...	2 beds \| 1 baths \| 982 sq.ft.	$143,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 9.91% Airbnb Rental Income: $1196 Traditional Rental Income: $1701 Airbnb ROI: 3.39% Traditional ROI: 9.91%
5611 NE East Shore Dr Kalkaska, MI Welcome to your serene retreat at 5611 NE East Shore Drive in Kalkaska. This charming ranc...	3 beds \| 2 baths \| 1,438 sq.ft.	$249,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 8.22% Airbnb Rental Income: $1393 Traditional Rental Income: $2308 Airbnb ROI: 2.54% Traditional ROI: 8.22%
5182 E Shore Dr Kalkaska, MI Your Dream Home Awaits Near Manistee Lake! Seize the rare opportunity to own a stunning 3-...	3 beds \| 2 baths \| 3,411 sq.ft.	$349,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.15% Airbnb Rental Income: $1393 Traditional Rental Income: $2608 Airbnb ROI: 0.16% Traditional ROI: 5.15%
7033 NE WC Cross Drive Kalkaska, MI Room to Grow on the waterfront! The best in 4 seasons of fun! Check out this inviting furn...	2 beds \| 1 baths \| 832 sq.ft.	$284,999	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.59% Airbnb Rental Income: $1196 Traditional Rental Income: $1639 Airbnb ROI: 1.49% Traditional ROI: 4.59%
5532 Kerbysons Dr SE Kalkaska, MI Your Up North Oasis Awaits on East Lake in KALKASKA COUNTY. Swan Dive or Cannon Ball into ...	2 beds \| 2 baths \| 2,200 sq.ft.	$324,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 7.75% Airbnb Rental Income: $1196 Traditional Rental Income: $2811 Airbnb ROI: 1.19% Traditional ROI: 7.75%
11436 Lakeview Rd NE Kalkaska, MI It's not too late...this 'Treehouse' in Michigan assures your enjoyment through all four s...	3 beds \| 2 baths \| 3,000 sq.ft.	$725,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 2.45% Airbnb Rental Income: $1393 Traditional Rental Income: $3516 Airbnb ROI: -1.32% Traditional ROI: 2.45%
1967 NE Fairways Drive Kalkaska, MI Charming 3-bedroom, 2-bath home tucked into a peaceful, wooded setting in the desirable Fa...	3 beds \| 2 baths \| 1,860 sq.ft.	$330,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 6.13% Airbnb Rental Income: $1393 Traditional Rental Income: $2609 Airbnb ROI: 0.85% Traditional ROI: 6.13%
7149 W Blue Lake Road, NE Kalkaska, MI Welcome to this inviting 3-bedroom, 2-bath home perfectly situated on a corner lot within ...	3 beds \| 2 baths \| 1,456 sq.ft.	$205,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 11.1% Airbnb Rental Income: $1393 Traditional Rental Income: $2622 Airbnb ROI: 2.62% Traditional ROI: 11.1%
411 S Walnut St Kalkaska, MI Charming farmhouse-style home located in the village of Kalkaska! This inviting property o...	3 beds \| 1 baths \| 1,794 sq.ft.	$325,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 0.81% Airbnb Rental Income: $1393 Traditional Rental Income: $981 Airbnb ROI: 0.78% Traditional ROI: 0.81%
302 W Dresden St Kalkaska, MI Just reduced! You won't believe this remodeled home is not brand new! Welcome home, to yo...	5 beds \| 3 baths \| 4,161 sq.ft.	$534,900	Airbnb cash on cash: 2.5% Traditional cash on cash: 5.5% Airbnb Rental Income: $2493 Traditional Rental Income: $3388 Airbnb ROI: 2.5% Traditional ROI: 5.5%
6765 Birch Dr NE Kalkaska, MI 6765 Birch Dr NE, Kalkaska, MI 49646 \| Single Family Residential	5 beds \| 2 baths \| 1,288 sq.ft.	$350,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.87% Airbnb Rental Income: $2493 Traditional Rental Income: $2522 Airbnb ROI: 2.94% Traditional ROI: 4.87%
222 Chestnut St NE Kalkaska, MI 222 Chestnut St NE, Kalkaska, MI 49646 \| Single Family Residential	3 beds \| 2 baths \| 1,758 sq.ft.	$287,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 5.42% Airbnb Rental Income: $1393 Traditional Rental Income: $2239 Airbnb ROI: 0.73% Traditional ROI: 5.42%
5877 E Lake Five Ln Kalkaska, MI 5877 E Lake Five Ln, Kalkaska, MI 49646 \| Single Family Residential	4 beds \| 5 baths \| 4,543 sq.ft.	$1,050,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.35% Airbnb Rental Income: $2009 Traditional Rental Income: $4861 Airbnb ROI: -1.11% Traditional ROI: 2.35%
5038 NE East Shore Dr Kalkaska, MI 5038 NE East Shore Dr, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$70,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 7.7% Airbnb Rental Income: $713 Traditional Rental Income: $800 Airbnb ROI: 2.01% Traditional ROI: 7.7%
616 DRESDEN Rd Kalkaska, MI 616 Dresden Rd, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$350,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 0.46% Airbnb Rental Income: $713 Traditional Rental Income: $1073 Airbnb ROI: -1.57% Traditional ROI: 0.46%
5611 NE East Shore Dr Lot : 11 Kalkaska, MI 5611 NE East Shore Dr Lot : 11, Kalkaska, MI 49646 \| Single Family Residential	3 beds \| 2 baths \| 1,438 sq.ft.	$249,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 5.75% Airbnb Rental Income: $1393 Traditional Rental Income: $2039 Airbnb ROI: 1.22% Traditional ROI: 5.75%
00 M-72 Kalkaska, MI 00 M-72, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$239,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 0.61% Airbnb Rental Income: $713 Traditional Rental Income: $800 Airbnb ROI: -1.14% Traditional ROI: 0.61%

Real Estate investment in Kalkaska, MI

There are 164 properties for sale in the city of Kalkaska . The median list price in Kalkaska is $211,873 and the average price per square foot is $134. In September 2026, the average monthly cash on cash return in Kalkaska is 7.00%. The average monthly rental income in Kalkaska is $1,424.

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

There are 164 investment properties available for sale in Kalkaska.

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

The ROI for Long-Term is higher than the Short-Term in Kalkaska with average rental income of $1,424.

Your search for investment property begins and ends here

Investment Property for Sale in Kalkaska, MI

5041 Maple Knoll Drive NE

Kalkaska, MI

2 beds | 2 baths | 957 sq.ft.

$599,900

Airbnb cash on cash: -0.63%

Traditional cash on cash: 1.26%

Airbnb Rental Income: $1196

Traditional Rental Income: $1865

Airbnb ROI: -0.63%

Traditional ROI: 1.26%

1106 Washington Ave

Kalkaska, MI

2 beds | 1 baths | 1,200 sq.ft.

$299,900

Airbnb cash on cash: 0.01%

Traditional cash on cash: 3.41%

Airbnb Rental Income: $1196

Traditional Rental Income: $1767

Airbnb ROI: 0.01%

Traditional ROI: 3.41%

1158 East Lake Dr

Kalkaska, MI

2 beds | 1 baths | 720 sq.ft.

$239,900

Airbnb cash on cash: 0.63%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $1196

Traditional Rental Income: $1588

Airbnb ROI: 0.63%

Traditional ROI: 4.07%

7249 NE Blue Lake Rd

Kalkaska, MI

4 beds | 3 baths | 4,025 sq.ft.

$1,250,000

Airbnb cash on cash: -1.33%

Traditional cash on cash: 0.06%

Airbnb Rental Income: $2009

Traditional Rental Income: $3110

Airbnb ROI: -1.33%

Traditional ROI: 0.06%

493 NE County Road 571

Kalkaska, MI

2 beds | 1 baths | 672 sq.ft.

$420,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 1.31%

Airbnb Rental Income: $1196

Traditional Rental Income: $1601

Airbnb ROI: -0.71%

Traditional ROI: 1.31%

6241 E Bass Lake Rd

Kalkaska, MI

3 beds | 2 baths | 1,100 sq.ft.

$270,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $1393

Traditional Rental Income: $1896

Airbnb ROI: 0.93%

Traditional ROI: 4.56%

314 S Essex St

Kalkaska, MI

2 beds | 1 baths | 950 sq.ft.

$229,900

Airbnb cash on cash: 0.77%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $1196

Traditional Rental Income: $1320

Airbnb ROI: 0.77%

Traditional ROI: 3.12%

6645 Birch Dr NE

Kalkaska, MI

2 beds | 1 baths | 1,176 sq.ft.

$380,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 1.82%

Airbnb Rental Income: $1196

Traditional Rental Income: $1643

Airbnb ROI: -0.52%