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
9424 Ivanhoe Drive Onekama, MI Nestled back in the woods yet just a half mile from both Lake Michigan and Portage Lake, t...	3 beds \| 2 baths \| 1,620 sq.ft.	$269,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 6.68% Airbnb Rental Income: $2748 Traditional Rental Income: $2386 Airbnb ROI: 5.55% Traditional ROI: 6.68%
4990 Main Street Onekama, MI The opportunities are endless with this 3 bedroom 1 & 1/2 bath home with attached one car ...	3 beds \| N/A baths \| 2,500 sq.ft.	$395,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 4.61% Airbnb Rental Income: $2748 Traditional Rental Income: $2702 Airbnb ROI: 2.99% Traditional ROI: 4.61%
8484 Zosel Street Onekama, MI Easy living in the 2 Lake town of Onekama. Home sits on a street just up from M-22 & Porta...	3 beds \| 2 baths \| 1,000 sq.ft.	$275,500	Airbnb cash on cash: 5.73% Traditional cash on cash: 4.54% Airbnb Rental Income: $2748 Traditional Rental Income: $1793 Airbnb ROI: 5.73% Traditional ROI: 4.54%
4880 Main Street Onekama, MI Beautifully Renovated Historic 5-Plex in the Heart of Onekama. This is a rare opportunity ...	6 beds \| N/A baths \| N/A	$1,375,000	Airbnb cash on cash: -1.46% Traditional cash on cash: -1.03% Airbnb Rental Income: $1418 Traditional Rental Income: $1546 Airbnb ROI: -1.46% Traditional ROI: -1.03%
8377 Zosel Street Onekama, MI Embrace the Northern Michigan lifestyle in Onekama-Cape Cod 4-bedroom, 3-bathroom, Attache...	4 beds \| 3 baths \| 2,125 sq.ft.	$260,000	Airbnb cash on cash: 7.72% Traditional cash on cash: 9.61% Airbnb Rental Income: $3266 Traditional Rental Income: $2997 Airbnb ROI: 7.72% Traditional ROI: 9.61%
4507 Maidens Road Onekama, MI Welcome to your private slice of paradise! This beautifully maintained 3-bedroom, 2-bath h...	3 beds \| 2 baths \| 1,499 sq.ft.	$275,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 6.52% Airbnb Rental Income: $2748 Traditional Rental Income: $2265 Airbnb ROI: 5.89% Traditional ROI: 6.52%
4472 Crescent Beach Road Onekama, MI Portage Lake with opportunities! 205 feet of Portage Lake frontage with a Residence, Effi...	3 beds \| 2 baths \| 1,529 sq.ft.	$1,550,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 0.29% Airbnb Rental Income: $2748 Traditional Rental Income: $2361 Airbnb ROI: 0.1% Traditional ROI: 0.29%
4914 Main Street Onekama, MI An opportunity to buy 2 commercial lots in the Village of Onekama, located across the stre...	3 beds \| 1 baths \| 970 sq.ft.	$172,500	Airbnb cash on cash: 9.67% Traditional cash on cash: 6.04% Airbnb Rental Income: $2748 Traditional Rental Income: $1505 Airbnb ROI: 9.67% Traditional ROI: 6.04%
9155 Ivanhoe Drive Onekama, MI Exceptional 2108 sq ft of one floor living on nearly one acre of land, very close to Porta...	3 beds \| 3 baths \| 2,040 sq.ft.	$375,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 6.52% Airbnb Rental Income: $2748 Traditional Rental Income: $2888 Airbnb ROI: 4.29% Traditional ROI: 6.52%
5094 Samerdar Drive Onekama, MI Tucked away on a quiet road in Onekama, this 4-bedroom ranch offers the space you need and...	4 beds \| 2 baths \| 2,197 sq.ft.	$399,000	Airbnb cash on cash: 4.6% Traditional cash on cash: 4.86% Airbnb Rental Income: $3266 Traditional Rental Income: $2629 Airbnb ROI: 4.6% Traditional ROI: 4.86%
8424 Third Street Onekama, MI In the HEART OF ONEKAMA just up from M-22! This NEWLY RENOVATED 3 bd 1.5 bath home w 2-Car...	3 beds \| N/A baths \| 1,331 sq.ft.	$420,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 3.58% Airbnb Rental Income: $2748 Traditional Rental Income: $2220 Airbnb ROI: 3.27% Traditional ROI: 3.58%
8568 S Portage Point Drive unit: 3 (Dh 4) #3 (Dh 4) Onekama, MI Own your cottage at the historic Portage Point Inn & Marina beachfront resort. Partial vie...	1 beds \| 1 baths \| 230 sq.ft.	$128,500	Airbnb cash on cash: 2.5% Traditional cash on cash: 5.24% Airbnb Rental Income: $1051 Traditional Rental Income: $1026 Airbnb ROI: 2.5% Traditional ROI: 5.24%
8556 S Portage Point Drive unit: 4 (Dh3) #4 (Dh3) Onekama, MI Own your cottage at the historic Portage Point Inn & Marina beachfront resort. You have 3 ...	1 beds \| 1 baths \| 240 sq.ft.	$128,500	Airbnb cash on cash: 3.61% Traditional cash on cash: 6.35% Airbnb Rental Income: $1051 Traditional Rental Income: $1026 Airbnb ROI: 3.61% Traditional ROI: 6.35%
8368 Portage Point Drive Onekama, MI Step back in time while enjoying modern comforts in this beautifully maintained 1912 cotta...	3 beds \| N/A baths \| 2,000 sq.ft.	$1,550,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.75% Airbnb Rental Income: $2748 Traditional Rental Income: $3397 Airbnb ROI: -0.15% Traditional ROI: 0.75%
10357 E Starlight Ridge Circle Onekama, MI Built in 2023, this striking home on 1.7 wooded acres offers high end finishes & custom de...	2 beds \| 2 baths \| 1,616 sq.ft.	$600,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 2.7% Airbnb Rental Income: $1166 Traditional Rental Income: $2692 Airbnb ROI: -0.71% Traditional ROI: 2.7%
7616 1st Street Onekama, MI Rare opportunity to own one of Portage Lake's most breathtaking waterfront estates! This e...	5 beds \| 4 baths \| 2,960 sq.ft.	$1,575,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 1.95% Airbnb Rental Income: $1418 Traditional Rental Income: $5171 Airbnb ROI: -0.91% Traditional ROI: 1.95%

Real Estate investment in Onekama, MI

There are 16 properties for sale in the city of Onekama . The median list price in Onekama is $385,000 and the average price per square foot is $242. In October 2025, the average monthly cash on cash return in Onekama is 5.00%. The average monthly rental income in Onekama is $2,374.

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

There are 16 investment properties available for sale in Onekama.

In 2025, 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 $2,374.

Your search for investment property begins and ends here

Investment Property for Sale in Onekama, MI

9424 Ivanhoe Drive

Onekama, MI

3 beds | 2 baths | 1,620 sq.ft.

$269,000

Airbnb cash on cash: 5.55%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $2748

Traditional Rental Income: $2386

Airbnb ROI: 5.55%

Traditional ROI: 6.68%

4990 Main Street

Onekama, MI

3 beds | N/A baths | 2,500 sq.ft.

$395,000

Airbnb cash on cash: 2.99%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $2748

Traditional Rental Income: $2702

Airbnb ROI: 2.99%

Traditional ROI: 4.61%

8484 Zosel Street

Onekama, MI

3 beds | 2 baths | 1,000 sq.ft.

$275,500

Airbnb cash on cash: 5.73%

Traditional cash on cash: 4.54%

Airbnb Rental Income: $2748

Traditional Rental Income: $1793

Airbnb ROI: 5.73%

Traditional ROI: 4.54%

4880 Main Street

Onekama, MI

6 beds | N/A baths | N/A

$1,375,000

Airbnb cash on cash: -1.46%

Traditional cash on cash: -1.03%

Airbnb Rental Income: $1418

Traditional Rental Income: $1546

Airbnb ROI: -1.46%

Traditional ROI: -1.03%

8377 Zosel Street

Onekama, MI

4 beds | 3 baths | 2,125 sq.ft.

$260,000

Airbnb cash on cash: 7.72%

Traditional cash on cash: 9.61%

Airbnb Rental Income: $3266

Traditional Rental Income: $2997

Airbnb ROI: 7.72%

Traditional ROI: 9.61%

4507 Maidens Road

Onekama, MI

3 beds | 2 baths | 1,499 sq.ft.

$275,000

Airbnb cash on cash: 5.89%

Traditional cash on cash: 6.52%

Airbnb Rental Income: $2748

Traditional Rental Income: $2265

Airbnb ROI: 5.89%

Traditional ROI: 6.52%

4472 Crescent Beach Road

Onekama, MI

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

$1,550,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 0.29%

Airbnb Rental Income: $2748

Traditional Rental Income: $2361

Airbnb ROI: 0.1%

Traditional ROI: 0.29%

4914 Main Street

Onekama, MI

3 beds | 1 baths | 970 sq.ft.

$172,500

Airbnb cash on cash: 9.67%

Traditional cash on cash: 6.04%

Airbnb Rental Income: $2748

Traditional Rental Income: $1505

Airbnb ROI: 9.67%