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%
7039 River Bend Drive Onaway, MI Attention Investors! Here are three charming riverfront homes nestled along 90 feet of ser...	5 beds \| N/A baths \| N/A	$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%
19378 Hackett Lake Highway Onaway, MI This peaceful, 20 acre parcel on the Little Rainy River is the place to hang your hat and ...	4 beds \| 3 baths \| 4,060 sq.ft.	$419,000	Airbnb cash on cash: 6.22% Traditional cash on cash: 5.35% Airbnb Rental Income: $3985 Traditional Rental Income: $2787 Airbnb ROI: 6.22% Traditional ROI: 5.35%
9425 BIRCH RIDGE Onaway, MI Don't miss this exceptional gem, offering over 100 feet of lakefront on Black Lake. Locati...	4 beds \| 2 baths \| 2,200 sq.ft.	$645,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 3.36% Airbnb Rental Income: $3985 Traditional Rental Income: $2812 Airbnb ROI: 3.89% Traditional ROI: 3.36%
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 \| 545 sq.ft.	$2,400,000	Airbnb cash on cash: 0.25% Traditional cash on cash: -0.4% Airbnb Rental Income: $3985 Traditional Rental Income: $1682 Airbnb ROI: 0.25% Traditional ROI: -0.4%
2425 S M-211 Road Onaway, MI Beautifully Updated Ranch on Over 2 Acres - Minutes from Black Lake Discover comfort, spac...	3 beds \| 2 baths \| 1,803 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.32% Airbnb Rental Income: $null Traditional Rental Income: $2364 Airbnb ROI: N/A Traditional ROI: 9.32%
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: 8.16% Traditional cash on cash: 6.59% Airbnb Rental Income: $3985 Traditional Rental Income: $2623 Airbnb ROI: 8.16% Traditional ROI: 6.59%
4027 Glasier Onaway, MI Thoughtfully and beautifully redesigned, this 3-bed, 2-bath home blends modern living with...	3 beds \| 2 baths \| 1,248 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.95% Airbnb Rental Income: $null Traditional Rental Income: $2048 Airbnb ROI: N/A Traditional ROI: 6.95%

Real Estate investment in Onaway, MI

There are 8 properties for sale in the city of Onaway . The median list price in Onaway is $382,000 and the average price per square foot is $203. In December 2025, the average monthly cash on cash return in Onaway is 6.00%. The average monthly rental income in Onaway is $2,521.

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

There are 8 investment properties available for sale in Onaway.

In 2025, the best neighborhood to buy investment property is Onaway.

The ROI for Long-Term is higher than the Short-Term in Onaway with average rental income of $2,521.

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%

7039 River Bend Drive

Onaway, MI

5 beds | N/A baths | N/A

$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%

19378 Hackett Lake Highway

Onaway, MI

4 beds | 3 baths | 4,060 sq.ft.

$419,000

Airbnb cash on cash: 6.22%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $3985

Traditional Rental Income: $2787

Airbnb ROI: 6.22%

Traditional ROI: 5.35%

9425 BIRCH RIDGE

Onaway, MI

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

$645,000

Airbnb cash on cash: 3.89%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $3985

Traditional Rental Income: $2812

Airbnb ROI: 3.89%

Traditional ROI: 3.36%

3265 Roost Road

Onaway, MI

4 beds | 2 baths | 545 sq.ft.

$2,400,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: -0.4%

Airbnb Rental Income: $3985

Traditional Rental Income: $1682

Airbnb ROI: 0.25%

Traditional ROI: -0.4%

2425 S M-211 Road

Onaway, MI

3 beds | 2 baths | 1,803 sq.ft.

$224,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.32%

Airbnb Rental Income: $null

Traditional Rental Income: $2364

Airbnb ROI: N/A

Traditional ROI: 9.32%

5476 M-33

Onaway, MI

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

$345,000

Airbnb cash on cash: 8.16%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $3985

Traditional Rental Income: $2623

Airbnb ROI: 8.16%

Traditional ROI: 6.59%

4027 Glasier

Onaway, MI

3 beds | 2 baths | 1,248 sq.ft.

$255,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.95%

Airbnb Rental Income: $null

Traditional Rental Income: $2048

Airbnb ROI: N/A