Real Estate Investment Properties for Sale in Onekama, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8819 Erdman Rd Onekama, MI Perfect Location! This 3 bedroom, 1 bath, 2 car detached garage and traditional barn on 1....	3 beds \| 1 baths \| 1,250 sq.ft.	$239,000	Airbnb cash on cash: 6.54% Traditional cash on cash: 5.58% Airbnb Rental Income: $2605 Traditional Rental Income: $1764 Airbnb ROI: 6.54% Traditional ROI: 5.58%
4990 Main St Onekama, MI Prime M-22 Investment Opportunity in Onekama's ''Two Lake Town''! Located along iconic M-2...	3 beds \| 1 baths \| 3,500 sq.ft.	$349,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 5.4% Airbnb Rental Income: $2605 Traditional Rental Income: $2702 Airbnb ROI: 3.2% Traditional ROI: 5.4%
8792 S Greenway St Onekama, MI One of the special ones. Incredible charm, sought after private location & impressive qual...	4 beds \| 2 baths \| 2,339 sq.ft.	$595,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 2.33% Airbnb Rental Income: $3197 Traditional Rental Income: $2671 Airbnb ROI: 1.98% Traditional ROI: 2.33%
4472 Crescent Beach Rd Onekama, MI LIMITED TIME ONLY!!! Portage Lake with opportunities! 205 feet of private Portage Lake fro...	3 beds \| 2 baths \| 1,529 sq.ft.	$1,250,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 0.47% Airbnb Rental Income: $2605 Traditional Rental Income: $2361 Airbnb ROI: 0.15% Traditional ROI: 0.47%
8424 3rd St Onekama, MI 10 ACRE Waterfront PRIVATE PARK ESTATE w 1,000ft Crystal Clear Creek frontage & Newly Remo...	3 beds \| 1 baths \| 1,331 sq.ft.	$699,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 2.09% Airbnb Rental Income: $2605 Traditional Rental Income: $2433 Airbnb ROI: 1.4% Traditional ROI: 2.09%
8368 Portage Point Dr Onekama, MI Vintage Portage Lake cottage with 80 feet of private Portage Lake frontage with beautiful ...	3 beds \| 2 baths \| 1,558 sq.ft.	$1,275,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 1.1% Airbnb Rental Income: $2605 Traditional Rental Income: $3397 Airbnb ROI: -0.09% Traditional ROI: 1.1%
Lot 17, W Fairway St Onekama, MI Lot 17, W Fairway St, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$48,500	Airbnb cash on cash: 5.63% Traditional cash on cash: 9.88% Airbnb Rental Income: $819 Traditional Rental Income: $704 Airbnb ROI: 5.63% Traditional ROI: 9.88%
Indigo Trl Onekama, MI Indigo Trl, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.05% Airbnb Rental Income: $819 Traditional Rental Income: $704 Airbnb ROI: -0.17% Traditional ROI: 1.05%
Eagle Ridge Cir Lot 102 Onekama, MI Eagle Ridge Cir Lot 102, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$41,000	Airbnb cash on cash: 6.01% Traditional cash on cash: 10.95% Airbnb Rental Income: $819 Traditional Rental Income: $704 Airbnb ROI: 6.01% Traditional ROI: 10.95%
9944 North Slope Dr #94 Onekama, MI 9944 North Slope Dr #94, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$79,500	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.57% Airbnb Rental Income: $819 Traditional Rental Income: $685 Airbnb ROI: 2.12% Traditional ROI: 4.57%
Emerald Ridge Lot #13 Onekama, MI Emerald Ridge Lot #13, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: 5.24% Traditional cash on cash: 9.38% Airbnb Rental Income: $819 Traditional Rental Income: $704 Airbnb ROI: 5.24% Traditional ROI: 9.38%
1 Greenway Onekama, MI 1 Greenway, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$49,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 9.38% Airbnb Rental Income: $819 Traditional Rental Income: $685 Airbnb ROI: 5.55% Traditional ROI: 9.38%
3219 Midway Dr Onekama, MI 3219 Midway Dr, Onekama, MI 49675 \| Single Family Residential	5 beds \| 4 baths \| 4,490 sq.ft.	$3,095,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.3% Airbnb Rental Income: $null Traditional Rental Income: $3633 Airbnb ROI: N/A Traditional ROI: -1.3%
Lot 58 E Starlight Ridge Cir Onekama, MI Discover this proposed new construction home by LOYL Construction in Portage Ridge, one of...	4 beds \| 3 baths \| 2,825 sq.ft.	$699,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 4.31% Airbnb Rental Income: $3197 Traditional Rental Income: $3648 Airbnb ROI: 2.52% Traditional ROI: 4.31%
Eagle Ridge Cir Lot 103 Onekama, MI Eagle Ridge Cir Lot 103, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$69,000	Airbnb cash on cash: 2.77% Traditional cash on cash: 6.63% Airbnb Rental Income: $819 Traditional Rental Income: $758 Airbnb ROI: 2.77% Traditional ROI: 6.63%
8349 Leecrest Blvd Onekama, MI 8349 Leecrest Blvd, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$72,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 6.73% Airbnb Rental Income: $819 Traditional Rental Income: $758 Airbnb ROI: 3.06% Traditional ROI: 6.73%
86 N Slope Dr Onekama, MI 86 N Slope Dr, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$49,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 10.33% Airbnb Rental Income: $819 Traditional Rental Income: $773 Airbnb ROI: 4.75% Traditional ROI: 10.33%
9954 N Slope Dr #93 Onekama, MI N Slope Dr #93, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 6.17% Airbnb Rental Income: $819 Traditional Rental Income: $773 Airbnb ROI: 2.39% Traditional ROI: 6.17%
9697 Herkelrath Rd Onekama, MI Tucked away on 29 beautiful private wooded acres, this custom-built home offers a rare ble...	4 beds \| 3 baths \| 2,760 sq.ft.	$1,650,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 0.2% Airbnb Rental Income: $3197 Traditional Rental Income: $4288 Airbnb ROI: -0.98% Traditional ROI: 0.2%
0000 Smith Rd Onekama, MI 0000 Smith Rd, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 2.22% Airbnb Rental Income: $819 Traditional Rental Income: $773 Airbnb ROI: 0.28% Traditional ROI: 2.22%
9798 N Slope Dr Onekama, MI Lake Michigan Views from Every Room! Perched in the scenic hills of Onekama, Michigan's be...	3 beds \| 2 baths \| 1,850 sq.ft.	$825,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 1.23% Airbnb Rental Income: $2605 Traditional Rental Income: $3024 Airbnb ROI: -0.13% Traditional ROI: 1.23%
7452 Leonard Avenue Onekama, MI Beautiful Home in the Sought-After Wick-A-Te-Wah Community! Nestled on the south side of P...	3 beds \| 3 baths \| 2,076 sq.ft.	$825,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 2.62% Airbnb Rental Income: $2605 Traditional Rental Income: $3163 Airbnb ROI: 1.08% Traditional ROI: 2.62%
8052 Schroeder St Onekama, MI Downtown ONEKAMA just off M-22, this Super Cute 3 bed, 1 bath home with attached garage ha...	3 beds \| 1 baths \| 1,650 sq.ft.	$269,000	Airbnb cash on cash: 5.42% Traditional cash on cash: 5.45% Airbnb Rental Income: $2605 Traditional Rental Income: $1990 Airbnb ROI: 5.42% Traditional ROI: 5.45%
49 & 50 Opal Ridge Dr Onekama, MI 49 & 50 Opal Ridge Dr, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$59,999	Airbnb cash on cash: 4.18% Traditional cash on cash: 8.82% Airbnb Rental Income: $819 Traditional Rental Income: $773 Airbnb ROI: 4.18% Traditional ROI: 8.82%
2588 Lakeview Rd Onekama, MI Nestled along the north shore of Portage Lake with 68 feet of private frontage and sunset ...	3 beds \| 1 baths \| 1,340 sq.ft.	$650,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 1.75% Airbnb Rental Income: $2605 Traditional Rental Income: $2097 Airbnb ROI: 1.56% Traditional ROI: 1.75%
8520 Portage Point Dr Onekama, MI 8520 Portage Point Dr, Onekama, MI 49675 \| Condo/Coop	1 beds \| 1 baths \| 200 sq.ft.	$194,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 2.84% Airbnb Rental Income: $983 Traditional Rental Income: $1245 Airbnb ROI: -0.48% Traditional ROI: 2.84%

Real Estate investment in Onekama, MI

There are 27 properties for sale in the city of Onekama . The median list price in Onekama is $235,000 and the average price per square foot is $121. In July 2026, the average monthly cash on cash return in Onekama is 3.00%. The average monthly rental income in Onekama is $814.

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

There are 27 investment properties available for sale in Onekama.

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

The ROI for Long-Term is higher than the Short-Term in Onekama with average rental income of $814.

Your search for investment property begins and ends here

Investment Property for Sale in Onekama, MI

8819 Erdman Rd

Onekama, MI

3 beds | 1 baths | 1,250 sq.ft.

$239,000

Airbnb cash on cash: 6.54%

Traditional cash on cash: 5.58%

Airbnb Rental Income: $2605

Traditional Rental Income: $1764

Airbnb ROI: 6.54%

Traditional ROI: 5.58%

4990 Main St

Onekama, MI

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

$349,000

Airbnb cash on cash: 3.2%

Traditional cash on cash: 5.4%

Airbnb Rental Income: $2605

Traditional Rental Income: $2702

Airbnb ROI: 3.2%

Traditional ROI: 5.4%

8792 S Greenway St

Onekama, MI

4 beds | 2 baths | 2,339 sq.ft.

$595,000

Airbnb cash on cash: 1.98%

Traditional cash on cash: 2.33%

Airbnb Rental Income: $3197

Traditional Rental Income: $2671

Airbnb ROI: 1.98%

Traditional ROI: 2.33%

4472 Crescent Beach Rd

Onekama, MI

3 beds | 2 baths | 1,529 sq.ft.

$1,250,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $2605

Traditional Rental Income: $2361

Airbnb ROI: 0.15%

Traditional ROI: 0.47%

8424 3rd St

Onekama, MI

3 beds | 1 baths | 1,331 sq.ft.

$699,000

Airbnb cash on cash: 1.4%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $2605

Traditional Rental Income: $2433

Airbnb ROI: 1.4%

Traditional ROI: 2.09%

8368 Portage Point Dr

Onekama, MI

3 beds | 2 baths | 1,558 sq.ft.

$1,275,000

Airbnb cash on cash: -0.09%

Traditional cash on cash: 1.1%

Airbnb Rental Income: $2605

Traditional Rental Income: $3397

Airbnb ROI: -0.09%

Traditional ROI: 1.1%

Lot 17, W Fairway St

Onekama, MI

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

$48,500

Airbnb cash on cash: 5.63%

Traditional cash on cash: 9.88%

Airbnb Rental Income: $819

Traditional Rental Income: $704

Airbnb ROI: 5.63%

Traditional ROI: 9.88%

Indigo Trl

Onekama, MI

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

$179,900

Airbnb cash on cash: -0.17%

Traditional cash on cash: 1.05%

Airbnb Rental Income: $819

Traditional Rental Income: $704

Airbnb ROI: -0.17%