Real Estate Investment Properties for Sale in Shelby, MI

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

Explore a variety of short-term homes & houses in Shelby, MI. Invest wisely with VRBO & Shelby, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Condos for Sale in Shelby, MI

Search for Condo for Sale in Shelby, Michigan. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 3 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
193 Devonwood Drive Shelby, MI This is not a drive by. This must see newly constructed home is bright and pleasant. 2-bed...	2 beds \| 2 baths \| 1,136 sq.ft.	$213,500	Airbnb cash on cash: 7.5% Traditional cash on cash: 9.89% Airbnb Rental Income: $2946 Traditional Rental Income: $2749 Airbnb ROI: 7.5% Traditional ROI: 9.89%
277 Aspen Hill Drive Shelby, MI Welcome to Shelby Acres, The Aspen. This beautifully designed 4 bedroom, 2-bath home where...	4 beds \| 2 baths \| 1,706 sq.ft.	$269,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 7.35% Airbnb Rental Income: $1617 Traditional Rental Income: $2631 Airbnb ROI: 1.55% Traditional ROI: 7.35%
Devonwood lot: 4 Shelby, MI Brand new construction for a great price, Estimated January 2025 for completion. This is a...	3 beds \| 2 baths \| 1,289 sq.ft.	$239,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 7.46% Airbnb Rental Income: $1965 Traditional Rental Income: $2357 Airbnb ROI: 3.46% Traditional ROI: 7.46%
Other Investment Properties for Sale in Shelby
413 N MAPLE STREET Shelby , MI Welcome to 413 Maple St in the charming village of Shelby. This beautifully updated corner...	3 beds \| 1 baths \| 1,285 sq.ft.	$188,900	Airbnb cash on cash: 5.44% Traditional cash on cash: 7.91% Airbnb Rental Income: $1965 Traditional Rental Income: $1892 Airbnb ROI: 5.44% Traditional ROI: 7.91%
2845 S Oceana Drive Shelby , MI This 3 Bedroom home on a double lot is conveniently located close to schools, shopping and...	3 beds \| 1 baths \| 1,329 sq.ft.	$199,900	Airbnb cash on cash: 5.49% Traditional cash on cash: 7.64% Airbnb Rental Income: $1965 Traditional Rental Income: $1856 Airbnb ROI: 5.49% Traditional ROI: 7.64%
2509 S 40th Avenue Shelby , MI Custom New Construction in Benona Township, secluded country living only a few miles to Si...	3 beds \| 2 baths \| 1,568 sq.ft.	$479,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.64% Airbnb Rental Income: $1965 Traditional Rental Income: $2413 Airbnb ROI: 0.49% Traditional ROI: 2.64%
4566 S Lakeview Drive Shelby , MI INCREDIBLE LAKE MICHIGAN VIEWS AND DEEDED FRONTAGE! Welcome Home to 4566 S Lakeview in She...	4 beds \| N/A baths \| 2,580 sq.ft.	$829,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.27% Airbnb Rental Income: $1617 Traditional Rental Income: $3080 Airbnb ROI: -0.21% Traditional ROI: 2.27%
7570 W Warren Road Shelby , MI Newly built barndominium, currently about 50% complete. This spacious home offers over 3,0...	4 beds \| N/A baths \| 3,200 sq.ft.	$509,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 6.39% Airbnb Rental Income: $1617 Traditional Rental Income: $3871 Airbnb ROI: 0.69% Traditional ROI: 6.39%
5248 W Shelby Road Shelby , MI Almost 4 acres of country located on Shelby RD, WEST of US31. Great location near Lake Mic...	4 beds \| N/A baths \| 1,944 sq.ft.	$225,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 10.02% Airbnb Rental Income: $1617 Traditional Rental Income: $2571 Airbnb ROI: 3.39% Traditional ROI: 10.02%
826 W Shelby Road Shelby , MI Discover a rare opportunity to own 128.5 acres of beautiful, versatile land in the heart o...	4 beds \| N/A baths \| 2,696 sq.ft.	$999,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.32% Airbnb Rental Income: $1617 Traditional Rental Income: $3371 Airbnb ROI: -0.06% Traditional ROI: 2.32%
4069 S Ottawa Trail Shelby , MI Welcome to 4069 S Ottawa Trl, Shelby! This stunning Lake Michigan home is situated in the ...	3 beds \| 3 baths \| 1,559 sq.ft.	$995,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 0.99% Airbnb Rental Income: $1965 Traditional Rental Income: $2876 Airbnb ROI: -0.55% Traditional ROI: 0.99%
279 Aspen Hill Drive Shelby , MI Welcome to the Maple, our newest model! This newly constructed ranch home sits in the love...	3 beds \| 2 baths \| 1,136 sq.ft.	$199,000	Airbnb cash on cash: 4.49% Traditional cash on cash: 8.51% Airbnb Rental Income: $1965 Traditional Rental Income: $2208 Airbnb ROI: 4.49% Traditional ROI: 8.51%
258 Willowside Drive Shelby , MI As you enter the ''The Tamarack'' enjoy the cozy yet open layout with spacious fully equip...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 4% Traditional cash on cash: 8.31% Airbnb Rental Income: $1965 Traditional Rental Income: $2322 Airbnb ROI: 4% Traditional ROI: 8.31%
230 Elliott Street Shelby , MI Welcome to this inviting 4-bedroom, 2.5-bathroom home that blends rustic charm with modern...	4 beds \| 3 baths \| 2,891 sq.ft.	$439,999	Airbnb cash on cash: 1.08% Traditional cash on cash: 6.38% Airbnb Rental Income: $1617 Traditional Rental Income: $3342 Airbnb ROI: 1.08% Traditional ROI: 6.38%
741 E Shelby Road Shelby , MI Discover the ultimate outdoor lifestyle at this unique property. Imagine waking up to the ...	3 beds \| 1 baths \| 1,875 sq.ft.	$164,900	Airbnb cash on cash: 6.88% Traditional cash on cash: 10.38% Airbnb Rental Income: $1965 Traditional Rental Income: $2000 Airbnb ROI: 6.88% Traditional ROI: 10.38%
9043 W Thomas Street Shelby , MI $385,000 (Brand New Roof on home and Garage) Discover this charming 2-bedroom, 2-full-bath...	2 beds \| 2 baths \| 2,452 sq.ft.	$375,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 5.05% Airbnb Rental Income: $2946 Traditional Rental Income: $2502 Airbnb ROI: 4.38% Traditional ROI: 5.05%

Your search for investment property begins and ends here

Condos for Sale in Shelby, MI

193 Devonwood Drive

Shelby, MI

2 beds | 2 baths | 1,136 sq.ft.

$213,500

Airbnb cash on cash: 7.5%

Traditional cash on cash: 9.89%

Airbnb Rental Income: $2946

Traditional Rental Income: $2749

Airbnb ROI: 7.5%

Traditional ROI: 9.89%

277 Aspen Hill Drive

Shelby, MI

4 beds | 2 baths | 1,706 sq.ft.

$269,000

Airbnb cash on cash: 1.55%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1617

Traditional Rental Income: $2631

Airbnb ROI: 1.55%

Traditional ROI: 7.35%

Devonwood lot: 4

Shelby, MI

3 beds | 2 baths | 1,289 sq.ft.

$239,900

Airbnb cash on cash: 3.46%

Traditional cash on cash: 7.46%

Airbnb Rental Income: $1965

Traditional Rental Income: $2357

Airbnb ROI: 3.46%

Traditional ROI: 7.46%

Other Investment Properties for Sale in Shelby

Shelby , MI

3 beds | 1 baths | 1,285 sq.ft.

$188,900

Airbnb cash on cash: 5.44%

Traditional cash on cash: 7.91%

Airbnb Rental Income: $1965

Traditional Rental Income: $1892

Airbnb ROI: 5.44%

Traditional ROI: 7.91%

Shelby , MI

3 beds | 1 baths | 1,329 sq.ft.

$199,900

Airbnb cash on cash: 5.49%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $1965

Traditional Rental Income: $1856

Airbnb ROI: 5.49%

Traditional ROI: 7.64%

Shelby , MI

3 beds | 2 baths | 1,568 sq.ft.

$479,900

Airbnb cash on cash: 0.49%

Traditional cash on cash: 2.64%

Airbnb Rental Income: $1965

Traditional Rental Income: $2413

Airbnb ROI: 0.49%

Traditional ROI: 2.64%

Shelby , MI

4 beds | N/A baths | 2,580 sq.ft.

$829,900

Airbnb cash on cash: -0.21%

Traditional cash on cash: 2.27%

Airbnb Rental Income: $1617

Traditional Rental Income: $3080

Airbnb ROI: -0.21%

Traditional ROI: 2.27%

Shelby , MI

4 beds | N/A baths | 3,200 sq.ft.

$509,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 6.39%

Airbnb Rental Income: $1617

Traditional Rental Income: $3871

Airbnb ROI: 0.69%

Traditional ROI: 6.39%

Shelby , MI

4 beds | N/A baths | 1,944 sq.ft.

$225,000