Real Estate Investment Properties for Sale in Newaygo, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8750 S Spruce Ave Newaygo, MI If 'Up North' was a feeling... this would be it. Nestled along the peaceful shoreline of B...	1 beds \| 1 baths \| 1,200 sq.ft.	$449,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.89% Airbnb Rental Income: $647 Traditional Rental Income: $1148 Airbnb ROI: -1.01% Traditional ROI: 0.89%
5809 Maple St Newaygo, MI Captivating A-Frame home located across the street from Croton Pond. This home was remodel...	2 beds \| 1 baths \| 1,125 sq.ft.	$239,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 4.02% Airbnb Rental Income: $1239 Traditional Rental Income: $1359 Airbnb ROI: 1.75% Traditional ROI: 4.02%
4501 S River St Newaygo, MI Built in 2021, this exceptional home offers three bedrooms, two full baths, and breathtaki...	3 beds \| 2 baths \| 2,282 sq.ft.	$634,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.58% Airbnb Rental Income: $1614 Traditional Rental Income: $2698 Airbnb ROI: -0.02% Traditional ROI: 2.58%
28 W Post St Newaygo, MI Move in ready home, this three bedroom, one bathroom, is totally redone, no repairs needed...	3 beds \| 1 baths \| 1,083 sq.ft.	$189,900	Airbnb cash on cash: 3.37% Traditional cash on cash: 6.68% Airbnb Rental Income: $1614 Traditional Rental Income: $1752 Airbnb ROI: 3.37% Traditional ROI: 6.68%
34 E Washington St Newaygo, MI Home with huge yard within the city of Newyago. .47 acres, just down the road from Marshal...	3 beds \| 1 baths \| 1,000 sq.ft.	$179,900	Airbnb cash on cash: 3.7% Traditional cash on cash: 6.42% Airbnb Rental Income: $1614 Traditional Rental Income: $1622 Airbnb ROI: 3.7% Traditional ROI: 6.42%
7615 S Croton Hardy Dr Newaygo, MI This stunning home is a completely renovated 4 bedroom, 1 bath house that offers a comfort...	4 beds \| 1 baths \| 2,166 sq.ft.	$219,900	Airbnb cash on cash: 4.37% Traditional cash on cash: 7.64% Airbnb Rental Income: $2131 Traditional Rental Income: $2267 Airbnb ROI: 4.37% Traditional ROI: 7.64%
6712 E Carrigan Dr Newaygo, MI Every day feels like a vacation at this incredible waterfront home on beautiful all sports...	2 beds \| 2 baths \| 1,720 sq.ft.	$399,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 3.39% Airbnb Rental Income: $1239 Traditional Rental Income: $2601 Airbnb ROI: -1.29% Traditional ROI: 3.39%
9988 N W County Line Road Newaygo, MI Check out this beautifully updated 3-bedroom, 2-bath manufactured home sitting on approxim...	3 beds \| 2 baths \| 1,488 sq.ft.	$225,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 9.26% Airbnb Rental Income: $1614 Traditional Rental Income: $2378 Airbnb ROI: 3.53% Traditional ROI: 9.26%
8 E Barton St Newaygo, MI You're going to love this great home, ideally located near the schools in Newaygo! This 3...	3 beds \| 1 baths \| 1,498 sq.ft.	$225,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 5.67% Airbnb Rental Income: $1614 Traditional Rental Income: $1706 Airbnb ROI: 3.08% Traditional ROI: 5.67%
8861 S Big Buck Ln Newaygo, MI This extraordinary property is more than a home; it's a lifestyle. Situated on 6.58 privat...	5 beds \| 2 baths \| 2,890 sq.ft.	$550,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 4.35% Airbnb Rental Income: $2294 Traditional Rental Income: $3168 Airbnb ROI: 1.54% Traditional ROI: 4.35%
6581 S Pine Ave Newaygo, MI Charming starter home, or getaway in the Croton/Hardy recreational area. Located in the he...	3 beds \| 1 baths \| 1,200 sq.ft.	$165,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 8.1% Airbnb Rental Income: $1614 Traditional Rental Income: $1763 Airbnb ROI: 4.24% Traditional ROI: 8.1%
6606 E Hill St Newaygo, MI Welsome to 6606 E Hill St nestled in the trees. This charming setting is acrross the stree...	3 beds \| 2 baths \| 1,512 sq.ft.	$240,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 6.1% Airbnb Rental Income: $1614 Traditional Rental Income: $1847 Airbnb ROI: 3.06% Traditional ROI: 6.1%
5904 E Division St Newaygo, MI Just 45 minutes from Grand Rapids and steps from Croton Pond, this home offers the perfect...	4 beds \| 3 baths \| 3,778 sq.ft.	$634,999	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.36% Airbnb Rental Income: $2131 Traditional Rental Income: $3237 Airbnb ROI: 0.58% Traditional ROI: 3.36%
746 W 48th St Newaygo, MI Affordable country living with room to make it your own! Situated on approximately one acr...	2 beds \| 1 baths \| 1,385 sq.ft.	$229,900	Airbnb cash on cash: 1.15% Traditional cash on cash: 2.45% Airbnb Rental Income: $1239 Traditional Rental Income: $1125 Airbnb ROI: 1.15% Traditional ROI: 2.45%
5539 Front St Newaygo, MI Escape to the water with this charming waterfront cottage offering 50 feet of frontage on ...	1 beds \| 1 baths \| 898 sq.ft.	$299,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 3.4% Airbnb Rental Income: $647 Traditional Rental Income: $1494 Airbnb ROI: -0.66% Traditional ROI: 3.4%
8478 Vista Dr Newaygo, MI NEW CONSTRUCTION - Some finishing options are still available for you to customize.	2 beds \| 1 baths \| 960 sq.ft.	$225,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 3.39% Airbnb Rental Income: $1239 Traditional Rental Income: $1197 Airbnb ROI: 1.73% Traditional ROI: 3.39%
5557 Front St Newaygo, MI Stunning Waterfront Retreat on Croton Pond! Dreaming of waterfront living? This fully remo...	4 beds \| 2 baths \| 1,964 sq.ft.	$399,900	Airbnb cash on cash: 2.63% Traditional cash on cash: 6.45% Airbnb Rental Income: $2131 Traditional Rental Income: $3019 Airbnb ROI: 2.63% Traditional ROI: 6.45%
4468 Teal Ln Newaygo, MI Welcome to your serene getaway on the Mighty Muskegon River! This charming three-bedroom c...	3 beds \| 2 baths \| 1,300 sq.ft.	$294,900	Airbnb cash on cash: 1.73% Traditional cash on cash: 5.65% Airbnb Rental Income: $1614 Traditional Rental Income: $2246 Airbnb ROI: 1.73% Traditional ROI: 5.65%
7842 Main St Newaygo, MI Welcome to Devil's Hole on the world renowned Muskegon River where you'll find this incred...	5 beds \| 2 baths \| 2,448 sq.ft.	$515,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 4.1% Airbnb Rental Income: $2294 Traditional Rental Income: $3133 Airbnb ROI: 1.17% Traditional ROI: 4.1%
202 S Clay St Newaygo, MI This well-situated and charming home offers an exceptional blend of comfort, practicality,...	2 beds \| 1 baths \| 1,000 sq.ft.	$239,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 5.02% Airbnb Rental Income: $1239 Traditional Rental Income: $1637 Airbnb ROI: 1.53% Traditional ROI: 5.02%
5710 Pear Ave Newaygo, MI Beautifully remodeled home with stunning water frontage on Croton Pond. Enjoy breathtaking...	2 beds \| 1 baths \| 1,248 sq.ft.	$190,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 8.28% Airbnb Rental Income: $1239 Traditional Rental Income: $1806 Airbnb ROI: 2.95% Traditional ROI: 8.28%
8268 S Ferris Ave Newaygo, MI 8268 S Ferris Ave, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$121,500	Airbnb cash on cash: 4.15% Traditional cash on cash: 3.53% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 4.15% Traditional ROI: 3.53%
4987 E Manitou Way #37 Newaygo, MI	N/A beds \| N/A baths \| 0 sq.ft.	$69,500	Airbnb cash on cash: 8.14% Traditional cash on cash: 11.05% Airbnb Rental Income: $1273 Traditional Rental Income: $1073 Airbnb ROI: 8.14% Traditional ROI: 11.05%
5007 E Manitou Way #36 Newaygo, MI	N/A beds \| N/A baths \| 0 sq.ft.	$69,500	Airbnb cash on cash: 8.14% Traditional cash on cash: 7.09% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 8.14% Traditional ROI: 7.09%
12.86AC Barberry Ave Newaygo, MI 12.86AC Barberry Ave, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$167,180	Airbnb cash on cash: 2.37% Traditional cash on cash: 3.63% Airbnb Rental Income: $1273 Traditional Rental Income: $1073 Airbnb ROI: 2.37% Traditional ROI: 3.63%
4600 Teal Ln Newaygo, MI 4600 Teal Ln, Newaygo, MI 49337 \| Single Family Residential	3 beds \| N/A baths \| 2,176 sq.ft.	$499,999	Airbnb cash on cash: -0.25% Traditional cash on cash: 1.26% Airbnb Rental Income: $1614 Traditional Rental Income: $1862 Airbnb ROI: -0.25% Traditional ROI: 1.26%
9425 Benjamin Dr Newaygo, MI 9425 Benjamin Dr, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| N/A	$69,000	Airbnb cash on cash: 8.07% Traditional cash on cash: 7.02% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 8.07% Traditional ROI: 7.02%
7883 S Potawatomi #57 Newaygo, MI 7883 S Potawatomi #57, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| N/A	$69,500	Airbnb cash on cash: 8.14% Traditional cash on cash: 7.09% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 8.14% Traditional ROI: 7.09%
7901 S Potawatomi #56 Newaygo, MI 7901 S Potawatomi #56, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| N/A	$69,500	Airbnb cash on cash: 7.48% Traditional cash on cash: 6.43% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 7.48% Traditional ROI: 6.43%
7817 S Potawatomi #60 Newaygo, MI	N/A beds \| N/A baths \| N/A	$69,500	Airbnb cash on cash: 8.81% Traditional cash on cash: 7.77% Airbnb Rental Income: $1273 Traditional Rental Income: $800 Airbnb ROI: 8.81% Traditional ROI: 7.77%
8752 Bills Lake Ct Newaygo, MI Welcome to 8752 Bills Lake Court, a spacious 4-bedroom2-bath home set on a beautiful one-a...	4 beds \| 2 baths \| 2,424 sq.ft.	$374,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 5.93% Airbnb Rental Income: $2131 Traditional Rental Income: $2671 Airbnb ROI: 2.85% Traditional ROI: 5.93%
3696 S Locust Ave Newaygo, MI This 3 bedroom stick built ranch rests on 3 wooded acres Just south of Hardy Dam and is in...	3 beds \| 1 baths \| 1,200 sq.ft.	$229,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 6.45% Airbnb Rental Income: $1614 Traditional Rental Income: $1775 Airbnb ROI: 3.6% Traditional ROI: 6.45%
120 State St Newaygo, MI 120 State St, Newaygo, MI 49337 \| Single Family Residential	8 beds \| 5 baths \| 3,500 sq.ft.	$590,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 5.87% Airbnb Rental Income: $2294 Traditional Rental Income: $4720 Airbnb ROI: 0.43% Traditional ROI: 5.87%
4802 E 96th St Newaygo, MI 4802 E 96th St, Newaygo, MI 49337 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 5.52% Traditional cash on cash: 5.71% Airbnb Rental Income: $1273 Traditional Rental Income: $890 Airbnb ROI: 5.52% Traditional ROI: 5.71%
9370 S Hannah Ln Newaygo, MI Check out this custom-built home, just 3 years old! This 3-bedroom, 2-bath ranch sits on 2...	3 beds \| 2 baths \| 1,755 sq.ft.	$515,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.76% Airbnb Rental Income: $1614 Traditional Rental Income: $2651 Airbnb ROI: -0.34% Traditional ROI: 2.76%
8995 Deer Point Dr Newaygo, MI Great opportunity to acquire a beautiful spot on highly desirable Bills Lake with waters t...	3 beds \| 1 baths \| 884 sq.ft.	$574,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 1.46% Airbnb Rental Income: $1614 Traditional Rental Income: $1712 Airbnb ROI: 0.42% Traditional ROI: 1.46%
217 John St Newaygo, MI Step into a piece of Newaygo history with this sprawling two-story character home, perfect...	3 beds \| 3 baths \| 2,302 sq.ft.	$229,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 11.18% Airbnb Rental Income: $1614 Traditional Rental Income: $2965 Airbnb ROI: 2.83% Traditional ROI: 11.18%
5217 S Centerline Road Newaygo, MI Enjoy the ultimate lake life in this custom built gorgeous 4-bedroom, 2-bath home on the s...	4 beds \| 2 baths \| 2,200 sq.ft.	$629,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.02% Airbnb Rental Income: $2131 Traditional Rental Income: $2809 Airbnb ROI: 0.94% Traditional ROI: 3.02%

Real Estate investment in Newaygo, MI

There are 92 properties for sale in the city of Newaygo . The median list price in Newaygo is $293,824 and the average price per square foot is $182. In August 2026, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $1,859.

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

There are 92 investment properties available for sale in Newaygo.

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

The ROI for Long-Term is higher than the Short-Term in Newaygo with average rental income of $1,859.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

8750 S Spruce Ave

Newaygo, MI

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

$449,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 0.89%

Airbnb Rental Income: $647

Traditional Rental Income: $1148

Airbnb ROI: -1.01%

Traditional ROI: 0.89%

5809 Maple St

Newaygo, MI

2 beds | 1 baths | 1,125 sq.ft.

$239,900

Airbnb cash on cash: 1.75%

Traditional cash on cash: 4.02%

Airbnb Rental Income: $1239

Traditional Rental Income: $1359

Airbnb ROI: 1.75%

Traditional ROI: 4.02%

4501 S River St

Newaygo, MI

3 beds | 2 baths | 2,282 sq.ft.

$634,900

Airbnb cash on cash: -0.02%

Traditional cash on cash: 2.58%

Airbnb Rental Income: $1614

Traditional Rental Income: $2698

Airbnb ROI: -0.02%

Traditional ROI: 2.58%

28 W Post St

Newaygo, MI

3 beds | 1 baths | 1,083 sq.ft.

$189,900

Airbnb cash on cash: 3.37%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1614

Traditional Rental Income: $1752

Airbnb ROI: 3.37%

Traditional ROI: 6.68%

34 E Washington St

Newaygo, MI

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

$179,900

Airbnb cash on cash: 3.7%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1614

Traditional Rental Income: $1622

Airbnb ROI: 3.7%

Traditional ROI: 6.42%

7615 S Croton Hardy Dr

Newaygo, MI

4 beds | 1 baths | 2,166 sq.ft.

$219,900

Airbnb cash on cash: 4.37%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $2131

Traditional Rental Income: $2267

Airbnb ROI: 4.37%

Traditional ROI: 7.64%

6712 E Carrigan Dr

Newaygo, MI

2 beds | 2 baths | 1,720 sq.ft.

$399,900

Airbnb cash on cash: -1.29%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $1239

Traditional Rental Income: $2601

Airbnb ROI: -1.29%

Traditional ROI: 3.39%

9988 N W County Line Road

Newaygo, MI

3 beds | 2 baths | 1,488 sq.ft.

$225,000

Airbnb cash on cash: 3.53%

Traditional cash on cash: 9.26%

Airbnb Rental Income: $1614

Traditional Rental Income: $2378

Airbnb ROI: 3.53%