Real Estate Investment Properties for Sale in Onaway, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
432 N Black River Onaway, MI Your inner peace is calling! If serenity is what you seek, then this is the place for you!...	3 beds \| 2 baths \| 1,344 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.79% Airbnb Rental Income: $null Traditional Rental Income: $2419 Airbnb ROI: N/A Traditional ROI: 2.79%
2368 N Palmer Road Onaway, MI Experience peaceful rural living in this inviting 3 bedroom home located just minutes from...	3 beds \| 1 baths \| 1,068 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $1460 Airbnb ROI: N/A Traditional ROI: 5.09%
7039 River Bend Drive Onaway, MI Attention Investors! Here are three charming riverfront homes nestled along 90 feet of ser...	5 beds \| 3 baths \| 2,484 sq.ft.	$274,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.41% Airbnb Rental Income: $null Traditional Rental Income: $3046 Airbnb ROI: N/A Traditional ROI: 10.41%
4577 Dangler Road Onaway, MI This home sits on a beautiful 4.82 acres with woods at the back and fruit trees up front. ...	3 beds \| 1 baths \| 1,500 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.85% Airbnb Rental Income: $null Traditional Rental Income: $1744 Airbnb ROI: N/A Traditional ROI: 9.85%
3265 Roost Road Onaway, MI Rare opportunity to own a 440-acre private retreat just minutes from Black Lake. This prop...	4 beds \| 2 baths \| 1,846 sq.ft.	$2,400,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.4% Airbnb Rental Income: $null Traditional Rental Income: $1682 Airbnb ROI: N/A Traditional ROI: -0.4%
5476 M-33 Onaway, MI OPEN HOUSE OCT 11th 12-2 pm. A stately 4-bedroom, 3-bath colonial, ideally located just mi...	4 beds \| 3 baths \| 1,944 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $2623 Airbnb ROI: N/A Traditional ROI: 6.59%
V/L 33.60A S County Line Rd #33.60 Acres Onaway, MI V/L 33.60A S County Line Rd, Onaway, MI 49765 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.11% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 2.11%
0000 Grace Harbor Rd Onaway, MI 0000 grace harbor Rd, Onaway, MI 49765 \| Other	N/A beds \| N/A baths \| N/A	$49,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.33% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 6.33%

Real Estate investment in Onaway, MI

There are 11 properties for sale in the city of Onaway . The median list price in Onaway is $189,900 and the average price per square foot is $87. In March 2026, the average monthly cash on cash return in Onaway is 7.00%. The average monthly rental income in Onaway is $1,744.

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

There are 11 investment properties available for sale in Onaway.

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

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

Your search for investment property begins and ends here

Investment Property for Sale in Onaway, MI

432 N Black River

Onaway, MI

3 beds | 2 baths | 1,344 sq.ft.

$599,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2419

Airbnb ROI: N/A

Traditional ROI: 2.79%

2368 N Palmer Road

Onaway, MI

3 beds | 1 baths | 1,068 sq.ft.

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.09%

Airbnb Rental Income: $null

Traditional Rental Income: $1460

Airbnb ROI: N/A

Traditional ROI: 5.09%

7039 River Bend Drive

Onaway, MI

5 beds | 3 baths | 2,484 sq.ft.

$274,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3046

Airbnb ROI: N/A

Traditional ROI: 10.41%

4577 Dangler Road

Onaway, MI

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

$150,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1744

Airbnb ROI: N/A

Traditional ROI: 9.85%

3265 Roost Road

Onaway, MI

4 beds | 2 baths | 1,846 sq.ft.

$2,400,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.4%

Airbnb Rental Income: $null

Traditional Rental Income: $1682

Airbnb ROI: N/A

Traditional ROI: -0.4%

5476 M-33

Onaway, MI

4 beds | 3 baths | 1,944 sq.ft.

$345,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2623

Airbnb ROI: N/A

Traditional ROI: 6.59%

V/L 33.60A S County Line Rd #33.60 Acres

Onaway, MI

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

$99,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.11%

Airbnb Rental Income: $null

Traditional Rental Income: $537

Airbnb ROI: N/A

Traditional ROI: 2.11%

0000 Grace Harbor Rd

Onaway, MI

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

$49,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.33%

Airbnb Rental Income: $null

Traditional Rental Income: $537

Airbnb ROI: N/A