Real Estate Investment Properties for Sale in Rapid City, MI

Looking for investment property in Rapid City, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
12134 Jonathon Drive Rapid City, MI Discover a wonderful opportunity with this shared waterfront home on the sought after Torc...	4 beds \| 3 baths \| 1,700 sq.ft.	$367,900	Airbnb cash on cash: 3.93% Traditional cash on cash: 6.92% Airbnb Rental Income: $2553 Traditional Rental Income: $2972 Airbnb ROI: 3.93% Traditional ROI: 6.92%
8281 Rapid City Road Rapid City, MI This unique property features a stick built 3 bedroom, 1 bath main home, along with two ad...	5 beds \| 3 baths \| 1,573 sq.ft.	$299,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 3.5% Airbnb Rental Income: $2824 Traditional Rental Income: $1789 Airbnb ROI: 4.84% Traditional ROI: 3.5%
8680 Hutch Trail, NW Rapid City, MI This custom-built three bedroom two bath home, located just a few miles from Torch Lake an...	3 beds \| 2 baths \| 2,337 sq.ft.	$449,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.33% Airbnb Rental Income: $2203 Traditional Rental Income: $2554 Airbnb ROI: 1.17% Traditional ROI: 3.33%
12511 SW Torch Lake Drive Rapid City, MI Welcome to your turnkey Torch Lake retreat, where luxury, location, and lifestyle come tog...	4 beds \| 2 baths \| 1,600 sq.ft.	$1,695,000	Airbnb cash on cash: -0.45% Traditional cash on cash: -0.5% Airbnb Rental Income: $2553 Traditional Rental Income: $1872 Airbnb ROI: -0.45% Traditional ROI: -0.5%
8937 Valley Road, NW Rapid City, MI Welcome to this charming 2-bedroom, 1-bath home, completely remodeled in 2021 and ready fo...	2 beds \| 1 baths \| 728 sq.ft.	$214,900	Airbnb cash on cash: 4.54% Traditional cash on cash: 4.86% Airbnb Rental Income: $1794 Traditional Rental Income: $1373 Airbnb ROI: 4.54% Traditional ROI: 4.86%
8834 Cedar Street Rapid City, MI Beautiful, peaceful setting at The Cedars on Elk Lake. This charming cottage built in the ...	3 beds \| 2 baths \| 800 sq.ft.	$865,000	Airbnb cash on cash: -0.64% Traditional cash on cash: -1.47% Airbnb Rental Income: $2203 Traditional Rental Income: $979 Airbnb ROI: -0.64% Traditional ROI: -1.47%
6954 AARWOOD Trail NW Rapid City, MI Welcome to this stunning riverfront retreat situated on just over 2 acres along the pictur...	3 beds \| 3 baths \| 1,900 sq.ft.	$674,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 0.88% Airbnb Rental Income: $2203 Traditional Rental Income: $2155 Airbnb ROI: 0.07% Traditional ROI: 0.88%
7515 Crystal Beach Rd Rapid City, MI Charming 4BR, 2BA Cape Cod just steps from Torch Lake and the Torch River, offering serene...	4 beds \| 2 baths \| 1,400 sq.ft.	$799,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 1.5% Airbnb Rental Income: $2553 Traditional Rental Income: $2537 Airbnb ROI: 0.7% Traditional ROI: 1.5%
12000 Barkley Lane #3 Rapid City, MI Discover this ideally located ranch-style home nestled between Elk and Torch Lakes, offeri...	3 beds \| 3 baths \| 1,772 sq.ft.	$649,950	Airbnb cash on cash: 0% Traditional cash on cash: 2% Airbnb Rental Income: $2203 Traditional Rental Income: $2859 Airbnb ROI: 0% Traditional ROI: 2%
6993 NW Aarwood Rd Rapid City, MI TORCH LAKE PRIVATE WATERFRONT! This stunning, spacious home featuring an oversized family ...	4 beds \| 3 baths \| 3,554 sq.ft.	$1,450,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 0.8% Airbnb Rental Income: $2553 Traditional Rental Income: $3694 Airbnb ROI: -0.51% Traditional ROI: 0.8%
7980 Springwater Dr Rapid City, MI Newly built in 2024, this 1,500 sq ft home offers 3 bedrooms and 2 full baths in a peacefu...	3 beds \| 2 baths \| 1,500 sq.ft.	$399,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.83% Airbnb Rental Income: $2203 Traditional Rental Income: $2482 Airbnb ROI: 1.6% Traditional ROI: 3.83%
7736 NW Ladd Dr Rapid City, MI Enjoy beautiful Torch Lake with this 3 bedroom 2 bath ranch located at the South end of th...	3 beds \| 2 baths \| 1,448 sq.ft.	$439,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 4.55% Airbnb Rental Income: $2203 Traditional Rental Income: $2513 Airbnb ROI: 2.44% Traditional ROI: 4.55%
12015 SW Torch Lake Drive Rapid City, MI Incredible 165 feet of private Torch Lake frontage with breathtaking sunrise views and cry...	3 beds \| 2 baths \| 1,232 sq.ft.	$1,900,000	Airbnb cash on cash: -0.51% Traditional cash on cash: -0.12% Airbnb Rental Income: $2203 Traditional Rental Income: $2333 Airbnb ROI: -0.51% Traditional ROI: -0.12%
7586 Crystal Beach Rd Rapid City, MI With 66 feet of private Torch Lake frontage, a sandy shoreline, and a private dock, this p...	3 beds \| 2 baths \| 2,122 sq.ft.	$2,500,000	Airbnb cash on cash: -0.95% Traditional cash on cash: -0.36% Airbnb Rental Income: $2203 Traditional Rental Income: $3021 Airbnb ROI: -0.95% Traditional ROI: -0.36%
8006 Springwater Dr Rapid City, MI Newly built 3-bedroom, 2-bath home with a 30x50 pole barn just south of Torch Lake! This 1...	3 beds \| 2 baths \| 1,500 sq.ft.	$559,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.04% Airbnb Rental Income: $2203 Traditional Rental Income: $2491 Airbnb ROI: 0.43% Traditional ROI: 2.04%
7636 Crystal Bch Rapid City, MI Welcome to your Torch Lake Sandbar getaway, where golden sandy beaches, crystal-clear turq...	3 beds \| 1 baths \| 1,660 sq.ft.	$1,850,000	Airbnb cash on cash: -1.63% Traditional cash on cash: -0.99% Airbnb Rental Income: $2203 Traditional Rental Income: $2738 Airbnb ROI: -1.63% Traditional ROI: -0.99%
6954 Aarwood NW Rapid City, MI Welcome to this stunning riverfront retreat on just over 2 acres along the picturesque Rap...	3 beds \| 2 baths \| 1,765 sq.ft.	$674,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 1.66% Airbnb Rental Income: $2203 Traditional Rental Income: $2977 Airbnb ROI: -0.46% Traditional ROI: 1.66%
3720 Rice Rd NW Rapid City, MI Opportunity awaits on this 10-acre property offering endless potential for the right buyer...	2 beds \| 1 baths \| 990 sq.ft.	$159,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 5.96% Airbnb Rental Income: $1794 Traditional Rental Income: $1466 Airbnb ROI: 4.98% Traditional ROI: 5.96%
6151 Smith Rd Rapid City, MI Welcome to your private Northern Michigan retreat, a spacious home on 5 acres of peaceful,...	5 beds \| 2 baths \| 2,700 sq.ft.	$550,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 3.65% Airbnb Rental Income: $2824 Traditional Rental Income: $3269 Airbnb ROI: 1.5% Traditional ROI: 3.65%
5661 NW Way Rd Rapid City, MI Escape to your own private sanctuary with this beautiful 28-acre property, featuring a sec...	4 beds \| 2 baths \| 1,805 sq.ft.	$495,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 1.32% Airbnb Rental Income: $2553 Traditional Rental Income: $1872 Airbnb ROI: 1.46% Traditional ROI: 1.32%
8439 Ridge Road Rapid City, MI Beautiful 3+ Acres that includes a quaint 3 bedroom, 1 bath home with a 1 car garage. Exce...	3 beds \| 1 baths \| 864 sq.ft.	$349,900	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.16% Airbnb Rental Income: $2203 Traditional Rental Income: $1657 Airbnb ROI: 3.13% Traditional ROI: 3.16%
14123 Torch River Road Rapid City, MI Experience the best of Northern Michigan waterfront living on beautiful Torch River, with ...	3 beds \| 2 baths \| 1,720 sq.ft.	$1,150,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 1.1% Airbnb Rental Income: $2203 Traditional Rental Income: $2730 Airbnb ROI: 0.09% Traditional ROI: 1.1%
4724 Plum Valley Road NW Rapid City, MI Nestled well back off the road, this private 89 acre property offers the perfect blend of ...	4 beds \| 2 baths \| 1,726 sq.ft.	$449,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.35% Airbnb Rental Income: $2553 Traditional Rental Income: $2534 Airbnb ROI: 2.94% Traditional ROI: 4.35%

Real Estate investment in Rapid-city, MI

There are 53 properties for sale in the city of Rapid City . The median list price in Rapid City is $209,874 and the average price per square foot is $103. In July 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $2,482.

Rapid-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 53 investment properties available for sale in Rapid-city.

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

The ROI for Long-Term is higher than the Short-Term in Rapid-city with average rental income of $2,482.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, MI

12134 Jonathon Drive

Rapid City, MI

4 beds | 3 baths | 1,700 sq.ft.

$367,900

Airbnb cash on cash: 3.93%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $2553

Traditional Rental Income: $2972

Airbnb ROI: 3.93%

Traditional ROI: 6.92%

8281 Rapid City Road

Rapid City, MI

5 beds | 3 baths | 1,573 sq.ft.

$299,000

Airbnb cash on cash: 4.84%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $2824

Traditional Rental Income: $1789

Airbnb ROI: 4.84%

Traditional ROI: 3.5%

8680 Hutch Trail, NW

Rapid City, MI

3 beds | 2 baths | 2,337 sq.ft.

$449,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $2203

Traditional Rental Income: $2554

Airbnb ROI: 1.17%

Traditional ROI: 3.33%

12511 SW Torch Lake Drive

Rapid City, MI

4 beds | 2 baths | 1,600 sq.ft.

$1,695,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: -0.5%

Airbnb Rental Income: $2553

Traditional Rental Income: $1872

Airbnb ROI: -0.45%

Traditional ROI: -0.5%

8937 Valley Road, NW

Rapid City, MI

2 beds | 1 baths | 728 sq.ft.

$214,900

Airbnb cash on cash: 4.54%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $1794

Traditional Rental Income: $1373

Airbnb ROI: 4.54%

Traditional ROI: 4.86%

8834 Cedar Street

Rapid City, MI

3 beds | 2 baths | 800 sq.ft.

$865,000

Airbnb cash on cash: -0.64%

Traditional cash on cash: -1.47%

Airbnb Rental Income: $2203

Traditional Rental Income: $979

Airbnb ROI: -0.64%

Traditional ROI: -1.47%

6954 AARWOOD Trail NW

Rapid City, MI

3 beds | 3 baths | 1,900 sq.ft.

$674,900

Airbnb cash on cash: 0.07%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $2203

Traditional Rental Income: $2155

Airbnb ROI: 0.07%

Traditional ROI: 0.88%

7515 Crystal Beach Rd

Rapid City, MI

4 beds | 2 baths | 1,400 sq.ft.

$799,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $2553

Traditional Rental Income: $2537

Airbnb ROI: 0.7%