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.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.26% Airbnb Rental Income: $null Traditional Rental Income: $1460 Airbnb ROI: N/A Traditional ROI: 5.26%
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%
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: -0.91% Traditional cash on cash: -0.4% Airbnb Rental Income: $897 Traditional Rental Income: $1682 Airbnb ROI: -0.91% 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: 0.22% Traditional cash on cash: 6.59% Airbnb Rental Income: $897 Traditional Rental Income: $2623 Airbnb ROI: 0.22% Traditional ROI: 6.59%
21492 Milligan Highway Onaway, MI Look at this fantastic sprawling ranch home featuring 5 bedrooms! Move right in to the tur...	5 beds \| 2 baths \| 2,322 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.32% Airbnb Rental Income: $null Traditional Rental Income: $2508 Airbnb ROI: N/A Traditional ROI: 7.32%
21151 Woodland Trail Onaway, MI Equestrian dream on 41 acres! This sprawling ranch is currently configured as a 2-bedroom,...	2 beds \| 3 baths \| 3,720 sq.ft.	$890,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.23% Airbnb Rental Income: $882 Traditional Rental Income: $2147 Airbnb ROI: -0.7% Traditional ROI: 1.23%
5520 Marsh Road Onaway, MI Private 40-acre retreat at the end of a county-maintained dead-end road--perfect for hunti...	3 beds \| 2 baths \| 2,844 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $2509 Airbnb ROI: N/A Traditional ROI: 3.76%
1171 S Black River Rd Onaway, MI 1171 S Black River Rd, Onaway, MI 49765 \| Single Family Residential	N/A beds \| N/A baths \| 3,900 sq.ft.	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.58% Airbnb Rental Income: $null Traditional Rental Income: $628 Airbnb ROI: N/A Traditional ROI: 3.58%

Real Estate investment in Onaway, MI

There are 9 properties for sale in the city of Onaway . The median list price in Onaway is $309,500 and the average price per square foot is $136. In May 2026, the average monthly cash on cash return in Onaway is 4.00%. The average monthly rental income in Onaway is $2,419.

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

There are 9 investment properties available for sale in Onaway.

In 2026, 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 $2,419.

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.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1460

Airbnb ROI: N/A

Traditional ROI: 5.26%

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%

3265 Roost Road

Onaway, MI

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

$2,400,000

Airbnb cash on cash: -0.91%

Traditional cash on cash: -0.4%

Airbnb Rental Income: $897

Traditional Rental Income: $1682

Airbnb ROI: -0.91%

Traditional ROI: -0.4%

5476 M-33

Onaway, MI

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

$345,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $897

Traditional Rental Income: $2623

Airbnb ROI: 0.22%

Traditional ROI: 6.59%

21492 Milligan Highway

Onaway, MI

5 beds | 2 baths | 2,322 sq.ft.

$260,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.32%

Airbnb Rental Income: $null

Traditional Rental Income: $2508

Airbnb ROI: N/A

Traditional ROI: 7.32%

21151 Woodland Trail

Onaway, MI

2 beds | 3 baths | 3,720 sq.ft.

$890,000

Airbnb cash on cash: -0.7%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $882

Traditional Rental Income: $2147

Airbnb ROI: -0.7%

Traditional ROI: 1.23%

5520 Marsh Road

Onaway, MI

3 beds | 2 baths | 2,844 sq.ft.

$410,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.76%

Airbnb Rental Income: $null

Traditional Rental Income: $2509

Airbnb ROI: N/A