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%
21661 Bluffs Highway Onaway, MI BRAND NEW 30 YR ARCHITECTURAL DESIGN SHINGLED ROOF!! Dont miss out on this great home! Exp...	5 beds \| 2 baths \| 2,995 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.26% Airbnb Rental Income: $null Traditional Rental Income: $2745 Airbnb ROI: N/A Traditional ROI: 1.26%
15860 M-68 Onaway, MI Nestled in a tranquil, natural setting, this stunning ranch-style home boasts a perfect bl...	4 beds \| 2 baths \| 1,780 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2459 Airbnb ROI: N/A Traditional ROI: 6.78%
7039 River Bend Drive Onaway, MI Discover three charming riverfront homes nestled along 90 feet of serene Black River/Tower...	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%
19378 Hackett Lake Highway Onaway, MI Tucked away on just over 20 acres, this updated 4-bedroom, 3-bathroom home (plus a non-con...	4 beds \| 3 baths \| 3,900 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.05% Airbnb Rental Income: $null Traditional Rental Income: $2787 Airbnb ROI: N/A Traditional ROI: 5.05%
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: N/A Traditional cash on cash: 3.36% Airbnb Rental Income: $null Traditional Rental Income: $2812 Airbnb ROI: N/A Traditional ROI: 3.36%
505 & 523 S Black River Road Onaway, MI 160 Feet Of Prime Black Lake Waterfront Living. Sandy beach with crystal clear water. This...	2 beds \| 1 baths \| 1,257 sq.ft.	$527,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.31% Airbnb Rental Income: $null Traditional Rental Income: $2534 Airbnb ROI: N/A Traditional ROI: 3.31%
7441 River Bend Drive Onaway, MI Discover the perfect blend of comfort and adventure with this spacious 3-bedroom, 2-bath h...	3 beds \| 2 baths \| 2,288 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.67% Airbnb Rental Income: $null Traditional Rental Income: $2801 Airbnb ROI: N/A Traditional ROI: 9.67%
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: N/A Traditional cash on cash: -0.4% Airbnb Rental Income: $null Traditional Rental Income: $1682 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $2623 Airbnb ROI: N/A Traditional ROI: 6.59%
20538 Elsden Street Onaway, MI 3 Bedroom - 1 Bath home with fireplace, tongue and groove interior, situated on a 66 x 132...	3 beds \| 1 baths \| 1,012 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.53% Airbnb Rental Income: $null Traditional Rental Income: $1563 Airbnb ROI: N/A Traditional ROI: 10.53%
4027 Glasier Onaway, MI Thoughtful design. Fully renovated. Country charm. *Professional interior photos will be ...	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 13 properties for sale in the city of Onaway . The median list price in Onaway is $310,000 and the average price per square foot is $160. In October 2025, the average monthly cash on cash return in Onaway is 7.00%. The average monthly rental income in Onaway is $2,534.

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

There are 13 investment properties available for sale in Onaway.

In 2025, 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%

21661 Bluffs Highway

Onaway, MI

5 beds | 2 baths | 2,995 sq.ft.

$749,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.26%

Airbnb Rental Income: $null

Traditional Rental Income: $2745

Airbnb ROI: N/A

Traditional ROI: 1.26%

15860 M-68

Onaway, MI

4 beds | 2 baths | 1,780 sq.ft.

$310,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2459

Airbnb ROI: N/A

Traditional ROI: 6.78%

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%

19378 Hackett Lake Highway

Onaway, MI

4 beds | 3 baths | 3,900 sq.ft.

$439,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.05%

Airbnb Rental Income: $null

Traditional Rental Income: $2787

Airbnb ROI: N/A

Traditional ROI: 5.05%

9425 BIRCH RIDGE

Onaway, MI

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

$645,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2812

Airbnb ROI: N/A

Traditional ROI: 3.36%

505 & 523 S Black River Road

Onaway, MI

2 beds | 1 baths | 1,257 sq.ft.

$527,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2534

Airbnb ROI: N/A

Traditional ROI: 3.31%

7441 River Bend Drive

Onaway, MI

3 beds | 2 baths | 2,288 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2801

Airbnb ROI: N/A