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
7951 S Island View Drive Newaygo, MI This amazing fully-furnished lakefront home is positioned on a large parcel on Pettit Lake...	3 beds \| 1 baths \| 1,130 sq.ft.	$375,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 2.74% Airbnb Rental Income: $1614 Traditional Rental Income: $1837 Airbnb ROI: 0.8% Traditional ROI: 2.74%
6101 Pear Avenue Newaygo, MI Nestled in Newaygo Schools and just steps from Croton Pond, this charming 3-bedroom, 1-bat...	3 beds \| 1 baths \| 900 sq.ft.	$199,900	Airbnb cash on cash: 3.42% Traditional cash on cash: 6.46% Airbnb Rental Income: $1614 Traditional Rental Income: $1733 Airbnb ROI: 3.42% Traditional ROI: 6.46%
8022 MAIN Street Newaygo, MI Breath taking view. Completely renovated kitchen. New flooring throughout the home. A doub...	2 beds \| 1 baths \| 1,124 sq.ft.	$299,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.28% Airbnb Rental Income: $1160 Traditional Rental Income: $1817 Airbnb ROI: 0.6% Traditional ROI: 4.28%
5705 Centerline Road Newaygo, MI Lakefront living with room to roam! This spacious three-bedroom, two-bath manufactured hom...	3 beds \| 2 baths \| 2,240 sq.ft.	$349,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 6.75% Airbnb Rental Income: $1614 Traditional Rental Income: $2873 Airbnb ROI: 1.53% Traditional ROI: 6.75%
1130 E 88th Street Newaygo, MI Discover lakeside living at its finest with this charming 1-bedroom, 1-bathroom bungalow o...	1 beds \| 1 baths \| 423 sq.ft.	$225,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 4.04% Airbnb Rental Income: $535 Traditional Rental Income: $1344 Airbnb ROI: -1.07% Traditional ROI: 4.04%
4600 S Teal Lane Newaygo, MI Rare waterfront gem with over 500 feet of usable frontage! Experience waterfront living li...	3 beds \| N/A baths \| 2,123 sq.ft.	$489,900	Airbnb cash on cash: -0.97% Traditional cash on cash: 3.07% Airbnb Rental Income: $1614 Traditional Rental Income: $3008 Airbnb ROI: -0.97% Traditional ROI: 3.07%
3210 E Rivers Edge Newaygo, MI Welcome to Rivers Edge, a truly unique multi-home property on the Muskegon River! This one...	4 beds \| N/A baths \| 3,110 sq.ft.	$799,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 2.41% Airbnb Rental Income: $2311 Traditional Rental Income: $3646 Airbnb ROI: -0.15% Traditional ROI: 2.41%
37 Jefferson Street Newaygo, MI Charming and convenient, this two-bedroom, one-bath home offers the perfect blend of comfo...	2 beds \| 1 baths \| 862 sq.ft.	$179,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 5.7% Airbnb Rental Income: $1160 Traditional Rental Income: $1492 Airbnb ROI: 1.52% Traditional ROI: 5.7%
4301 Lasalle Lane Newaygo, MI 3Bed 2Bath Home On 1.3 Acre Lot With Pole Barn and Brand New Central Air Unit Installed In...	3 beds \| 2 baths \| 1,248 sq.ft.	$220,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 7.37% Airbnb Rental Income: $1614 Traditional Rental Income: $1984 Airbnb ROI: 3.39% Traditional ROI: 7.37%
5095 Bliss Lane Newaygo, MI Experience lakefront living at its finest with this stunning property offering over 350 fe...	3 beds \| 2 baths \| 2,860 sq.ft.	$625,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 1.25% Airbnb Rental Income: $1614 Traditional Rental Income: $1990 Airbnb ROI: -0.18% Traditional ROI: 1.25%
5727 S Poplar Avenue Newaygo, MI Escape the hustle with this cozy 2-bedroom ranch, and two spacious outbuildings, nestled o...	2 beds \| 1 baths \| 816 sq.ft.	$279,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.32% Airbnb Rental Income: $1160 Traditional Rental Income: $1172 Airbnb ROI: 0.82% Traditional ROI: 2.32%
737 W North Hills Court Newaygo, MI Welcome to this beautiful and spacious 4-bedroom home, with the potential for a 5th bedroo...	4 beds \| 3 baths \| 2,597 sq.ft.	$392,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 6.5% Airbnb Rental Income: $2311 Traditional Rental Income: $3409 Airbnb ROI: 1.96% Traditional ROI: 6.5%
6714 Hill Street Newaygo, MI Tucked back on a deep wooded acre in the middle of the gorgeous Croton area of Newaygo, Mi...	2 beds \| 2 baths \| 1,188 sq.ft.	$220,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 6.49% Airbnb Rental Income: $1160 Traditional Rental Income: $1845 Airbnb ROI: 1.36% Traditional ROI: 6.49%
5254 Morrison Street Newaygo, MI Experience lakefront living at its finest in this stunning 4-bedroom home with private fro...	4 beds \| N/A baths \| 3,733 sq.ft.	$1,595,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 1.19% Airbnb Rental Income: $2311 Traditional Rental Income: $3935 Airbnb ROI: -0.3% Traditional ROI: 1.19%
448 S Division Street Newaygo, MI One of a kind estate acreage property in the heart of the city of Newaygo! Tastefully upda...	4 beds \| N/A baths \| 2,200 sq.ft.	$329,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 7.22% Airbnb Rental Income: $2311 Traditional Rental Income: $3048 Airbnb ROI: 2.98% Traditional ROI: 7.22%
9237 Spruce Avenue Newaygo, MI This Newly Renovated 4 Bedroom, 2 Full Bathroom home with Full Basement, is located on sec...	4 beds \| 2 baths \| 1,360 sq.ft.	$315,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.34% Airbnb Rental Income: $2311 Traditional Rental Income: $1800 Airbnb ROI: 3.13% Traditional ROI: 3.34%
5855 Ridge Street Newaygo, MI Exceptional 4BR, 2.5BA waterfront home on all-sports Croton Pond! Many recent updates incl...	4 beds \| N/A baths \| 2,963 sq.ft.	$692,500	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.01% Airbnb Rental Income: $2311 Traditional Rental Income: $3297 Airbnb ROI: 0.6% Traditional ROI: 3.01%
2137 E Oak Street Newaygo, MI HUD Home. Wonderful 2 bedroom home near Hess Lake. Home has a large living room with cathe...	2 beds \| 1 baths \| 902 sq.ft.	$169,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 6.92% Airbnb Rental Income: $1160 Traditional Rental Income: $1539 Airbnb ROI: 2.2% Traditional ROI: 6.92%
5540 COZY POINT DRIVE Newaygo, MI Sitting on the original Muskegon riverfront of Croton Pond, you'll be sure to enjoy the sp...	2 beds \| 2 baths \| 1,352 sq.ft.	$420,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.46% Airbnb Rental Income: $1160 Traditional Rental Income: $1858 Airbnb ROI: 0.72% Traditional ROI: 3.46%
7985 Island View Drive Newaygo, MI Incredible investment opportunity with 100' of beautiful private frontage on desirable 170...	3 beds \| 2 baths \| 1,599 sq.ft.	$214,900	Airbnb cash on cash: 3.64% Traditional cash on cash: 10.23% Airbnb Rental Income: $1614 Traditional Rental Income: $2498 Airbnb ROI: 3.64% Traditional ROI: 10.23%
30 Quarterline Street Newaygo, MI	2 beds \| 2 baths \| 4,064 sq.ft.	$450,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 2.12% Airbnb Rental Income: $1160 Traditional Rental Income: $1969 Airbnb ROI: -0.71% Traditional ROI: 2.12%
9322 E 56th Street Newaygo, MI Welcome to 9322 E 56th Street in Newaygo, Michigan-a nature lover's dream set on 10 wooded...	3 beds \| N/A baths \| 2,873 sq.ft.	$424,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.35% Airbnb Rental Income: $1614 Traditional Rental Income: $2738 Airbnb ROI: 0.37% Traditional ROI: 4.35%
5557 Front Street Newaygo, MI Stunning Waterfront Retreat on Croton Pond! Dreaming of waterfront living? This fully remo...	4 beds \| 2 baths \| 1,964 sq.ft.	$429,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.31% Airbnb Rental Income: $2311 Traditional Rental Income: $3019 Airbnb ROI: 2.13% Traditional ROI: 5.31%
5051 Bliss Lane Newaygo, MI Completely renovated from top to bottom! All new windows, doors, plumbing, roof, electrica...	3 beds \| 2 baths \| 1,400 sq.ft.	$429,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 3.32% Airbnb Rental Income: $1614 Traditional Rental Income: $2440 Airbnb ROI: 0.14% Traditional ROI: 3.32%
3990 E Croton Drive Newaygo, MI Welcome to 3990 E Croton Drive, a handcrafted Maple Island log home offering over 3,000 sq...	3 beds \| 2 baths \| 3,115 sq.ft.	$549,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 3.48% Airbnb Rental Income: $1614 Traditional Rental Income: $2959 Airbnb ROI: -0.03% Traditional ROI: 3.48%
8594 S Felch Avenue Newaygo, MI 4 bed, 3 bath bi-level home on the banks of the mighty Muskegon River! Over 2,200 sqft sit...	4 beds \| 3 baths \| 2,250 sq.ft.	$385,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 6.79% Airbnb Rental Income: $2311 Traditional Rental Income: $3174 Airbnb ROI: 2.82% Traditional ROI: 6.79%
5655 Cozy Point Drive Newaygo, MI OPEN HOUSE Sun, Aug 17 12-2:00 This custom home sets on a lovely wooded lot with access to...	3 beds \| 3 baths \| 2,685 sq.ft.	$365,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 6.71% Airbnb Rental Income: $1614 Traditional Rental Income: $3089 Airbnb ROI: 1.07% Traditional ROI: 6.71%
163 W State Road Newaygo, MI Unit 1 $740 Unit 2 $740 Unit 3 $740 Unit 4 $700 Unit 5 $740 Unit 6 $1200 Unit 7 $700 Unit ...	N/A beds \| N/A baths \| N/A	$475,000	Airbnb cash on cash: -1.41% Traditional cash on cash: 1.53% Airbnb Rental Income: $702 Traditional Rental Income: $1704 Airbnb ROI: -1.41% Traditional ROI: 1.53%
4958 Juniper Ridge Avenue Newaygo, MI Tucked away in a peaceful setting, this beautifully updated 5-bedroom home offers a rare b...	5 beds \| 4 baths \| 2,732 sq.ft.	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.34% Airbnb Rental Income: $null Traditional Rental Income: $3978 Airbnb ROI: N/A Traditional ROI: 8.34%
285 Scott Street Newaygo, MI Creekside Charm with Endless Potential in Newaygo! Discover your dream home nestled on 0.4...	4 beds \| N/A baths \| 3,000 sq.ft.	$330,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 9.91% Airbnb Rental Income: $2311 Traditional Rental Income: $3777 Airbnb ROI: 3.34% Traditional ROI: 9.91%
4468 Teal Lane Newaygo, MI Welcome to your serene getaway on the Mighty Muskegon River! This charming two-bedroom cot...	3 beds \| 2 baths \| 1,300 sq.ft.	$342,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 4.74% Airbnb Rental Income: $1614 Traditional Rental Income: $2246 Airbnb ROI: 1.35% Traditional ROI: 4.74%
8182 Hardy Drive Newaygo, MI Hardy Pond / Muskegon River Property Well-kept property with deeded access to All-Sports H...	2 beds \| 1 baths \| 766 sq.ft.	$159,900	Airbnb cash on cash: 2.97% Traditional cash on cash: 7.03% Airbnb Rental Income: $1160 Traditional Rental Income: $1398 Airbnb ROI: 2.97% Traditional ROI: 7.03%
8114 E 72nd Street unit: #2 #2 Newaygo, MI Welcome to 8114 E 72nd Street, a retreat nestled in the heart of Michigan's outdoor paradi...	3 beds \| 2 baths \| 2,400 sq.ft.	$699,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 2.89% Airbnb Rental Income: $1614 Traditional Rental Income: $2876 Airbnb ROI: 0.25% Traditional ROI: 2.89%
5980 Division Street Newaygo, MI Step into your own Up North retreat! This stunning custom-built home offers soaring cathed...	3 beds \| 3 baths \| 2,093 sq.ft.	$470,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.27% Airbnb Rental Income: $1614 Traditional Rental Income: $2920 Airbnb ROI: 0.26% Traditional ROI: 4.27%
5213 S Newcosta Avenue Newaygo, MI Escape to peace, privacy, and natural beauty with this charming 2 bedroom, fully remodeled...	2 beds \| 1 baths \| 900 sq.ft.	$129,900	Airbnb cash on cash: 3.93% Traditional cash on cash: 9.1% Airbnb Rental Income: $1160 Traditional Rental Income: $1423 Airbnb ROI: 3.93% Traditional ROI: 9.1%
6317 E 76th Street Newaygo, MI Tucked in a quiet, wooded setting near Croton, this charming 3-bedroom, 2-bath house offer...	3 beds \| 2 baths \| 1,620 sq.ft.	$215,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 7.94% Airbnb Rental Income: $1614 Traditional Rental Income: $2334 Airbnb ROI: 2.16% Traditional ROI: 7.94%
4944 Juniper Ridge Avenue Newaygo, MI Tucked away on nearly an acre, this charming waterfront log home offers the perfect blend ...	3 beds \| N/A baths \| 2,220 sq.ft.	$470,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 4.77% Airbnb Rental Income: $1614 Traditional Rental Income: $3020 Airbnb ROI: 0.53% Traditional ROI: 4.77%
5752 E 52ND Street Newaygo, MI Offer received. Highest and best due Wednesday at 9pm. This could be your opportunity to e...	2 beds \| 1 baths \| 700 sq.ft.	$199,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 6.3% Airbnb Rental Income: $1160 Traditional Rental Income: $1578 Airbnb ROI: 2.06% Traditional ROI: 6.3%
8114 E 72nd Street unit: #1 #1 Newaygo, MI Welcome to 8114 E 72nd Street, a retreat nestled in the heart of Michigan's outdoor paradi...	3 beds \| 2 baths \| 2,400 sq.ft.	$949,900	Airbnb cash on cash: -0.08% Traditional cash on cash: 1.87% Airbnb Rental Income: $1614 Traditional Rental Income: $2876 Airbnb ROI: -0.08% Traditional ROI: 1.87%
568 N River Hills Drive Newaygo, MI Qualified buyers may secure a 4.875% rate (subject to credit and program approval). Rate, ...	3 beds \| N/A baths \| 2,137 sq.ft.	$364,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 6.37% Airbnb Rental Income: $1614 Traditional Rental Income: $3122 Airbnb ROI: 0.63% Traditional ROI: 6.37%

Real Estate investment in Newaygo, MI

There are 62 properties for sale in the city of Newaygo . The median list price in Newaygo is $329,000 and the average price per square foot is $183. In October 2025, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $2,334.

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

There are 62 investment properties available for sale in Newaygo.

In 2025, 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 $2,334.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

7951 S Island View Drive

Newaygo, MI

3 beds | 1 baths | 1,130 sq.ft.

$375,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 2.74%

Airbnb Rental Income: $1614

Traditional Rental Income: $1837

Airbnb ROI: 0.8%

Traditional ROI: 2.74%

6101 Pear Avenue

Newaygo, MI

3 beds | 1 baths | 900 sq.ft.

$199,900

Airbnb cash on cash: 3.42%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1614

Traditional Rental Income: $1733

Airbnb ROI: 3.42%

Traditional ROI: 6.46%

8022 MAIN Street

Newaygo, MI

2 beds | 1 baths | 1,124 sq.ft.

$299,900

Airbnb cash on cash: 0.6%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $1160

Traditional Rental Income: $1817

Airbnb ROI: 0.6%

Traditional ROI: 4.28%

5705 Centerline Road

Newaygo, MI

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

$349,900

Airbnb cash on cash: 1.53%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1614

Traditional Rental Income: $2873

Airbnb ROI: 1.53%

Traditional ROI: 6.75%

1130 E 88th Street

Newaygo, MI

1 beds | 1 baths | 423 sq.ft.

$225,000

Airbnb cash on cash: -1.07%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $535

Traditional Rental Income: $1344

Airbnb ROI: -1.07%

Traditional ROI: 4.04%

4600 S Teal Lane

Newaygo, MI

3 beds | N/A baths | 2,123 sq.ft.

$489,900

Airbnb cash on cash: -0.97%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $1614

Traditional Rental Income: $3008

Airbnb ROI: -0.97%

Traditional ROI: 3.07%

3210 E Rivers Edge

Newaygo, MI

4 beds | N/A baths | 3,110 sq.ft.

$799,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2311

Traditional Rental Income: $3646

Airbnb ROI: -0.15%

Traditional ROI: 2.41%

37 Jefferson Street

Newaygo, MI

2 beds | 1 baths | 862 sq.ft.

$179,900

Airbnb cash on cash: 1.52%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $1160

Traditional Rental Income: $1492

Airbnb ROI: 1.52%