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 2 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
194 Devonwood Drive Shelby, MI New construction for a great price, this is 1/2 of a duplex with the list price of $239,90...	3 beds \| 4 baths \| 2,122 sq.ft.	$239,900	Airbnb cash on cash: 3.29% Traditional cash on cash: 11.82% Airbnb Rental Income: $1920 Traditional Rental Income: $3345 Airbnb ROI: 3.29% Traditional ROI: 11.82%
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: 3.29% Traditional cash on cash: 7.46% Airbnb Rental Income: $1920 Traditional Rental Income: $2357 Airbnb ROI: 3.29% Traditional ROI: 7.46%
Other Investment Properties for Sale in Shelby
346 Orchard View Drive Shelby , MI Perched on a picturesque hilltop in the heart of Shelby Village, this beautifully maintain...	4 beds \| 3 baths \| 3,967 sq.ft.	$469,900	Airbnb cash on cash: 3.83% Traditional cash on cash: 3.02% Airbnb Rental Income: $3394 Traditional Rental Income: $2284 Airbnb ROI: 3.83% Traditional ROI: 3.02%
2249 E Ferry Street Shelby , MI This move in ready home offers comfort and potential. The interior features a welcoming li...	2 beds \| 1 baths \| 741 sq.ft.	$170,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 7.62% Airbnb Rental Income: $774 Traditional Rental Income: $1531 Airbnb ROI: 0.99% Traditional ROI: 7.62%
268 W Shelby Road Shelby , MI Tucked away on 10 peaceful acres in Oceana County, this charming farmhouse offers the perf...	3 beds \| 2 baths \| 1,770 sq.ft.	$319,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 6.56% Airbnb Rental Income: $1920 Traditional Rental Income: $2524 Airbnb ROI: 2.85% Traditional ROI: 6.56%
289 Aspen Hill Drive Shelby , MI Welcome to the Maple! Our most sought after model is back! This beautiful 3 bedroom, 2 bat...	3 beds \| 2 baths \| 1,136 sq.ft.	$209,000	Airbnb cash on cash: 4.14% Traditional cash on cash: 7.78% Airbnb Rental Income: $1920 Traditional Rental Income: $2132 Airbnb ROI: 4.14% Traditional ROI: 7.78%
6520 W Johnson Road Shelby , MI Trade traffic for tractors and alarm clocks for birdsong at 6520 W. Johnson Rd. Tucked int...	3 beds \| 1 baths \| 840 sq.ft.	$250,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 5.26% Airbnb Rental Income: $1920 Traditional Rental Income: $1656 Airbnb ROI: 4.22% Traditional ROI: 5.26%
W Marshville Dam Rd Shelby , MI W Marshville Dam Rd, Shelby, MI 49455 \| Other	N/A beds \| N/A baths \| N/A	$138,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.64% Airbnb Rental Income: $null Traditional Rental Income: $912 Airbnb ROI: N/A Traditional ROI: 3.64%
2430 W Woodrow Road Shelby , MI Enjoy the best of country living with this well-maintained home situated on 5 beautiful ac...	4 beds \| 2 baths \| 2,220 sq.ft.	$350,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 6.76% Airbnb Rental Income: $3394 Traditional Rental Income: $2779 Airbnb ROI: 6.33% Traditional ROI: 6.76%
1085 S 96th Avenue Shelby , MI Tucked away at the end of a dead-end road lies a hidden gem waiting for its next chapter. ...	3 beds \| 1 baths \| 1,480 sq.ft.	$299,900	Airbnb cash on cash: 3.25% Traditional cash on cash: 5.38% Airbnb Rental Income: $1920 Traditional Rental Income: $2013 Airbnb ROI: 3.25% Traditional ROI: 5.38%
291 Aspen Hill Drive Shelby , MI Welcome to Shelby Acres, The Aspen! This home exudes classic country charm from the moment...	4 beds \| 2 baths \| 1,682 sq.ft.	$269,000	Airbnb cash on cash: 7.52% Traditional cash on cash: 7.41% Airbnb Rental Income: $3394 Traditional Rental Income: $2611 Airbnb ROI: 7.52% Traditional ROI: 7.41%
4244 S Paybowme Trail Shelby , MI Cozy ranch home featuring a covered front porch, sunny side deck, and private backyard in ...	3 beds \| 1 baths \| 1,224 sq.ft.	$375,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 4.19% Airbnb Rental Income: $1920 Traditional Rental Income: $2087 Airbnb ROI: 2.26% Traditional ROI: 4.19%
2423 S 40th Avenue Shelby , MI Discover this charming 3-bedroom, 1-bath ranch home tucked away on the corner of Johnson a...	3 beds \| 1 baths \| 1,007 sq.ft.	$239,900	Airbnb cash on cash: 4.27% Traditional cash on cash: 5.7% Airbnb Rental Income: $1920 Traditional Rental Income: $1734 Airbnb ROI: 4.27% Traditional ROI: 5.7%
9221 W Thomas Road Shelby , MI Welcome to your ultimate lakeside sanctuary. Situated on a highly coveted, low-bluff front...	4 beds \| 3 baths \| 2,918 sq.ft.	$1,390,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.05% Airbnb Rental Income: $3394 Traditional Rental Income: $3477 Airbnb ROI: 0.41% Traditional ROI: 1.05%

Your search for investment property begins and ends here

Condos for Sale in Shelby, MI

194 Devonwood Drive

Shelby, MI

3 beds | 4 baths | 2,122 sq.ft.

$239,900

Airbnb cash on cash: 3.29%

Traditional cash on cash: 11.82%

Airbnb Rental Income: $1920

Traditional Rental Income: $3345

Airbnb ROI: 3.29%

Traditional ROI: 11.82%

Devonwood lot: 4

Shelby, MI

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

$239,900

Airbnb cash on cash: 3.29%

Traditional cash on cash: 7.46%

Airbnb Rental Income: $1920

Traditional Rental Income: $2357

Airbnb ROI: 3.29%

Traditional ROI: 7.46%

Other Investment Properties for Sale in Shelby

Shelby , MI

4 beds | 3 baths | 3,967 sq.ft.

$469,900

Airbnb cash on cash: 3.83%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $3394

Traditional Rental Income: $2284

Airbnb ROI: 3.83%

Traditional ROI: 3.02%

Shelby , MI

2 beds | 1 baths | 741 sq.ft.

$170,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 7.62%

Airbnb Rental Income: $774

Traditional Rental Income: $1531

Airbnb ROI: 0.99%

Traditional ROI: 7.62%

Shelby , MI

3 beds | 2 baths | 1,770 sq.ft.

$319,000

Airbnb cash on cash: 2.85%

Traditional cash on cash: 6.56%

Airbnb Rental Income: $1920

Traditional Rental Income: $2524

Airbnb ROI: 2.85%

Traditional ROI: 6.56%

Shelby , MI

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

$209,000

Airbnb cash on cash: 4.14%

Traditional cash on cash: 7.78%

Airbnb Rental Income: $1920

Traditional Rental Income: $2132

Airbnb ROI: 4.14%

Traditional ROI: 7.78%

Shelby , MI

3 beds | 1 baths | 840 sq.ft.

$250,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 5.26%

Airbnb Rental Income: $1920

Traditional Rental Income: $1656

Airbnb ROI: 4.22%

Traditional ROI: 5.26%

Shelby , MI

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

$138,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.64%

Airbnb Rental Income: $null

Traditional Rental Income: $912

Airbnb ROI: N/A

Traditional ROI: 3.64%

Shelby , MI

4 beds | 2 baths | 2,220 sq.ft.

$350,000

Airbnb cash on cash: 6.33%