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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6704 Rapid City Road NW Rapid City, MI Escape to the peace and privacy of Northern Michigan with this recently remodeled 2-bedroo...	2 beds \| 1 baths \| 966 sq.ft.	$274,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.66% Airbnb Rental Income: $1185 Traditional Rental Income: $1435 Airbnb ROI: 0.2% Traditional ROI: 2.66%
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.	$367,500	Airbnb cash on cash: 3.11% Traditional cash on cash: 6.93% Airbnb Rental Income: $2210 Traditional Rental Income: $2972 Airbnb ROI: 3.11% Traditional ROI: 6.93%
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.	$359,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 2.51% Airbnb Rental Income: $2098 Traditional Rental Income: $1789 Airbnb ROI: 1.83% Traditional ROI: 2.51%
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.	$890,000	Airbnb cash on cash: -0.33% Traditional cash on cash: -1.49% Airbnb Rental Income: $2559 Traditional Rental Income: $979 Airbnb ROI: -0.33% Traditional ROI: -1.49%
12050 Cabin Lane Rapid City, MI Discover Northern Michigan living at its finest at 12050 Cabin Lane in Rapid City. This be...	3 beds \| 1 baths \| 1,008 sq.ft.	$294,900	Airbnb cash on cash: 4.14% Traditional cash on cash: 1.84% Airbnb Rental Income: $2559 Traditional Rental Income: $1303 Airbnb ROI: 4.14% Traditional ROI: 1.84%
6483 W Plum Valley Rd NW Rapid City, MI Nestled along the banks of the Rapid River, this charming 860 sq. ft. log cabin sits on 2....	1 beds \| 1 baths \| 866 sq.ft.	$597,500	Airbnb cash on cash: -0.47% Traditional cash on cash: 0.98% Airbnb Rental Income: $930 Traditional Rental Income: $1395 Airbnb ROI: -0.47% Traditional ROI: 0.98%
13433 Torch River Road Rapid City, MI TORCH RIVER PRIVATE FRONTAGE with 125 ft. of crystal clear waters located on the widest pa...	3 beds \| 3 baths \| 2,800 sq.ft.	$1,495,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 0.68% Airbnb Rental Income: $2559 Traditional Rental Income: $3410 Airbnb ROI: -0.38% Traditional ROI: 0.68%
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.	$825,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.42% Airbnb Rental Income: $2210 Traditional Rental Income: $2537 Airbnb ROI: 0.27% Traditional ROI: 1.42%
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: -0.72% Traditional cash on cash: 0.8% Airbnb Rental Income: $2210 Traditional Rental Income: $3694 Airbnb ROI: -0.72% Traditional ROI: 0.8%
8224 Aarwood Trl NW Rapid City, MI 8224 Aarwood Trl NW, Rapid City, MI 49676 \| Single Family Residential	4 beds \| 2 baths \| 1,710 sq.ft.	$385,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 3.5% Airbnb Rental Income: $2210 Traditional Rental Income: $2270 Airbnb ROI: 1.79% Traditional ROI: 3.5%
8281 Rapid City Rd Rapid City, MI 8281 Rapid City Rd, Rapid City, MI 49676 \| Single Family Residential	5 beds \| 3 baths \| 1,573 sq.ft.	$359,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.12% Airbnb Rental Income: $2098 Traditional Rental Income: $2671 Airbnb ROI: 1.83% Traditional ROI: 5.12%
7107 Rapid City Rd NW Rapid City, MI 7107 Rapid City Rd NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.21% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -1.21%
TBD Valley Road, NW Rapid City, MI TBD Valley Road, NW, Kalkaska, MI 49676 \| Other	N/A beds \| N/A baths \| 1,493 sq.ft.	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.27% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 9.27%
5882 Crystal Beach Rd Rapid City, MI 5882 Crystal Beach Rd, Rapid City, MI 49676 \| Single Family Residential	7 beds \| 2 baths \| 1,920 sq.ft.	$2,395,000	Airbnb cash on cash: -1.87% Traditional cash on cash: -1.49% Airbnb Rental Income: $2098 Traditional Rental Income: $2405 Airbnb ROI: -1.87% Traditional ROI: -1.49%
W Plum Valley Rd NW Rapid City, MI W Plum Valley Rd NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$424,750	Airbnb cash on cash: N/A Traditional cash on cash: -0.49% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: -0.49%
11782 Brettonwood Heights Drive Rapid City, MI Nestled between Elk Lake and Torch Lake, this beautiful 3-bedroom, 2 full bath home offers...	3 beds \| 2 baths \| 1,300 sq.ft.	$299,900	Airbnb cash on cash: 5.39% Traditional cash on cash: 6.71% Airbnb Rental Income: $2559 Traditional Rental Income: $2316 Airbnb ROI: 5.39% Traditional ROI: 6.71%
7020 NW Round Lake Rd Rapid City, MI 7020 NW Round Lake Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.91% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: 0.91%
Walker Rd NW Rapid City, MI Walker Rd NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.81% Airbnb Rental Income: $null Traditional Rental Income: $903 Airbnb ROI: N/A Traditional ROI: 7.81%
7980 Springwater Dr Lot : 16 Rapid City, MI 7980 Springwater Dr Lot : 16, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 2 baths \| 1,500 sq.ft.	$459,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 2.83% Airbnb Rental Income: $2559 Traditional Rental Income: $2406 Airbnb ROI: 1.76% Traditional ROI: 2.83%
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.	$459,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 3.01% Airbnb Rental Income: $2559 Traditional Rental Income: $2482 Airbnb ROI: 1.75% Traditional ROI: 3.01%
7945 Cherry Avenue Rapid City, MI This beautifully remodeled 1900 farmhouse offers the perfect blend of historic charm and m...	4 beds \| 2 baths \| 1,440 sq.ft.	$725,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 2.05% Airbnb Rental Income: $2210 Traditional Rental Income: $2338 Airbnb ROI: 1.03% Traditional ROI: 2.05%
Parcel A Retreats Way Rapid City, MI Parcel A Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $916 Airbnb ROI: N/A Traditional ROI: 4.61%
Parcel K Retreats Way Rapid City, MI Parcel K Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.39% Airbnb Rental Income: $null Traditional Rental Income: $912 Airbnb ROI: N/A Traditional ROI: 0.39%
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.	$464,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.25% Airbnb Rental Income: $2559 Traditional Rental Income: $2513 Airbnb ROI: 2.94% Traditional ROI: 4.25%
20 Acres Zimmerman Rd Rapid City, MI 20 Acres Zimmerman Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $912 Airbnb ROI: N/A Traditional ROI: 6.01%
Valley Rd Rapid City, MI Valley Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.16% Airbnb Rental Income: $null Traditional Rental Income: $912 Airbnb ROI: N/A Traditional ROI: -0.16%
Parcel D Aarwood Trl Rapid City, MI Parcel D Aarwood Trl, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$109,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.3% Airbnb Rental Income: $null Traditional Rental Income: $916 Airbnb ROI: N/A Traditional ROI: 5.3%
Parcel C Aarwood Trl Rapid City, MI Parcel C Aarwood Trl, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$109,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.3% Airbnb Rental Income: $null Traditional Rental Income: $916 Airbnb ROI: N/A Traditional ROI: 5.3%
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: -0.34% Traditional cash on cash: -0.12% Airbnb Rental Income: $2559 Traditional Rental Income: $2333 Airbnb ROI: -0.34% Traditional ROI: -0.12%

Real Estate investment in Rapid-city, MI

There are 30 properties for sale in the city of Rapid City . The median list price in Rapid City is $169,912 and the average price per square foot is $83. In June 2026, the average monthly cash on cash return in Rapid City is 3.00%. The average monthly rental income in Rapid City is $1,395.

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

There are 30 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 $1,395.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, MI

6704 Rapid City Road NW

Rapid City, MI

2 beds | 1 baths | 966 sq.ft.

$274,900

Airbnb cash on cash: 0.2%

Traditional cash on cash: 2.66%

Airbnb Rental Income: $1185

Traditional Rental Income: $1435

Airbnb ROI: 0.2%

Traditional ROI: 2.66%

12134 Jonathon Drive

Rapid City, MI

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

$367,500

Airbnb cash on cash: 3.11%

Traditional cash on cash: 6.93%

Airbnb Rental Income: $2210

Traditional Rental Income: $2972

Airbnb ROI: 3.11%

Traditional ROI: 6.93%

8281 Rapid City Road

Rapid City, MI

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

$359,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 2.51%

Airbnb Rental Income: $2098

Traditional Rental Income: $1789

Airbnb ROI: 1.83%

Traditional ROI: 2.51%

8834 Cedar Street

Rapid City, MI

3 beds | 2 baths | 800 sq.ft.

$890,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: -1.49%

Airbnb Rental Income: $2559

Traditional Rental Income: $979

Airbnb ROI: -0.33%

Traditional ROI: -1.49%

12050 Cabin Lane

Rapid City, MI

3 beds | 1 baths | 1,008 sq.ft.

$294,900

Airbnb cash on cash: 4.14%

Traditional cash on cash: 1.84%

Airbnb Rental Income: $2559

Traditional Rental Income: $1303

Airbnb ROI: 4.14%

Traditional ROI: 1.84%

6483 W Plum Valley Rd NW

Rapid City, MI

1 beds | 1 baths | 866 sq.ft.

$597,500

Airbnb cash on cash: -0.47%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $930

Traditional Rental Income: $1395

Airbnb ROI: -0.47%

Traditional ROI: 0.98%

13433 Torch River Road

Rapid City, MI

3 beds | 3 baths | 2,800 sq.ft.

$1,495,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: 0.68%

Airbnb Rental Income: $2559

Traditional Rental Income: $3410

Airbnb ROI: -0.38%

Traditional ROI: 0.68%

7515 Crystal Beach Rd

Rapid City, MI

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

$825,000

Airbnb cash on cash: 0.27%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $2210

Traditional Rental Income: $2537

Airbnb ROI: 0.27%