Real Estate Investment Properties for Sale in Luther, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5423 N Karley Court Luther, MI Escape to this beautiful Pine River retreat featuring 2.5 lots and approximately 170 feet ...	3 beds \| 1 baths \| 1,216 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $1186 Airbnb ROI: N/A Traditional ROI: 5.43%
303 Wolfe Luther, MI Northern Michigan Adventure Awaits in Luther! This charming 3 bedroom, 1 bath home in Lut...	3 beds \| 1 baths \| 1,507 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.74% Airbnb Rental Income: $null Traditional Rental Income: $1933 Airbnb ROI: N/A Traditional ROI: 7.74%
8536 E 5 MILE ROAD Luther, MI Rustic Retreat with Modern Comforts - A Hidden Gem Near the Pine River Tucked back behind ...	1 beds \| 1 baths \| 864 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $1372 Airbnb ROI: N/A Traditional ROI: 4.22%
4353 E 6 Mile Road Luther, MI Nature lovers' paradise awaits with this 80-acre homestead sanctuary. Located at a dead-en...	3 beds \| 2 baths \| 1,918 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.07% Airbnb Rental Income: $null Traditional Rental Income: $2889 Airbnb ROI: N/A Traditional ROI: 3.07%
984 W Rose Meadow Drive Luther, MI Northern Michigan Retreat - 3-Bedroom Home on 5.5 Acres! This immaculate 3-bedroom, 2-bath...	3 beds \| 2 baths \| 2,800 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.34% Airbnb Rental Income: $null Traditional Rental Income: $2616 Airbnb ROI: N/A Traditional ROI: 8.34%
3943 N Skookum Road Luther, MI Welcome to Rockwell Lake Lodge, a rare opportunity to own nearly 670 acres of pristine Nor...	N/A beds \| N/A baths \| 22,755 sq.ft.	$6,200,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.22% Airbnb Rental Income: $null Traditional Rental Income: $1894 Airbnb ROI: N/A Traditional ROI: -2.22%
4141 E Jost Drive Luther, MI Nestled on 10 secluded wooded acres with 720 sq ft of living space. This 2 bedroom / 1 bat...	2 beds \| 1 baths \| 720 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $1484 Airbnb ROI: N/A Traditional ROI: 4.7%
914 Chase Street Luther, MI Luther Estate Property 2-bedroom 1 bath Living room side porch Kitchen with Dining area La...	2 beds \| 1 baths \| 950 sq.ft.	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.59% Airbnb Rental Income: $null Traditional Rental Income: $1115 Airbnb ROI: N/A Traditional ROI: 11.59%
1464 N Raymond Rd Luther, MI	N/A beds \| N/A baths \| N/A	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.57% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -0.57%

Real Estate investment in Luther, MI

There are 9 properties for sale in the city of Luther . The median list price in Luther is $220,000 and the average price per square foot is $56. In January 2026, the average monthly cash on cash return in Luther is 5.00%. The average monthly rental income in Luther is $1,484.

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

There are 9 investment properties available for sale in Luther.

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

The ROI for Short-Term is higher than the Long-Term in Luther with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Luther, MI

5423 N Karley Court

Luther, MI

3 beds | 1 baths | 1,216 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $1186

Airbnb ROI: N/A

Traditional ROI: 5.43%

303 Wolfe

Luther, MI

3 beds | 1 baths | 1,507 sq.ft.

$194,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.74%

Airbnb Rental Income: $null

Traditional Rental Income: $1933

Airbnb ROI: N/A

Traditional ROI: 7.74%

8536 E 5 MILE ROAD

Luther, MI

1 beds | 1 baths | 864 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1372

Airbnb ROI: N/A

Traditional ROI: 4.22%

4353 E 6 Mile Road

Luther, MI

3 beds | 2 baths | 1,918 sq.ft.

$675,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.07%

Airbnb Rental Income: $null

Traditional Rental Income: $2889

Airbnb ROI: N/A

Traditional ROI: 3.07%

984 W Rose Meadow Drive

Luther, MI

3 beds | 2 baths | 2,800 sq.ft.

$279,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2616

Airbnb ROI: N/A

Traditional ROI: 8.34%

3943 N Skookum Road

Luther, MI

N/A beds | N/A baths | 22,755 sq.ft.

$6,200,000

Airbnb cash on cash: N/A

Traditional cash on cash: -2.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1894

Airbnb ROI: N/A

Traditional ROI: -2.22%

4141 E Jost Drive

Luther, MI

2 beds | 1 baths | 720 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.7%

Airbnb Rental Income: $null

Traditional Rental Income: $1484

Airbnb ROI: N/A

Traditional ROI: 4.7%

914 Chase Street

Luther, MI

2 beds | 1 baths | 950 sq.ft.

$79,900

Airbnb cash on cash: N/A

Traditional cash on cash: 11.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1115

Airbnb ROI: N/A