Real Estate Investment Properties for Sale in Shepherd, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
309 N 2nd Street Shepherd, MI Welcome home to 309 N. 2nd Street, Shepherd Mi. At just under 1000 square feet, this home ...	2 beds \| 1 baths \| 971 sq.ft.	$155,000	Airbnb cash on cash: 5.68% Traditional cash on cash: 6.68% Airbnb Rental Income: $1677 Traditional Rental Income: $1357 Airbnb ROI: 5.68% Traditional ROI: 6.68%
308 S 3rd Street Shepherd, MI Check out this completely remodeled home in the village of Shepherd, the sweetest little t...	3 beds \| 2 baths \| 2,900 sq.ft.	$375,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.61% Airbnb Rental Income: $1494 Traditional Rental Income: $2620 Airbnb ROI: 1.17% Traditional ROI: 5.61%
107 W Hall Street Shepherd, MI Well maintained home next to Shepherd Schools. Home offers 2 bedrooms and a large landing ...	2 beds \| 1 baths \| 1,053 sq.ft.	$142,900	Airbnb cash on cash: 5.53% Traditional cash on cash: 6.8% Airbnb Rental Income: $1677 Traditional Rental Income: $1383 Airbnb ROI: 5.53% Traditional ROI: 6.8%
5557 E Pleasant Valley Road Shepherd, MI Country living at its best! This immaculately maintained ranch-style home sits on a one-ac...	3 beds \| 2 baths \| 2,240 sq.ft.	$279,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 7.11% Airbnb Rental Income: $1494 Traditional Rental Income: $2465 Airbnb ROI: 1.77% Traditional ROI: 7.11%
10989 E Pleasant Valley Road Shepherd, MI Escape to the perfect blend of peaceful country living and everyday convenience in this st...	3 beds \| 3 baths \| 2,228 sq.ft.	$360,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 6.16% Airbnb Rental Income: $1494 Traditional Rental Income: $2731 Airbnb ROI: 1.2% Traditional ROI: 6.16%
99 N Alamando Road Shepherd, MI If you are looking for QUALITY , look no further than this 3500 square foot custom built h...	4 beds \| 4 baths \| 3,500 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $4302 Airbnb ROI: N/A Traditional ROI: 6.48%
117 E Wright Avenue Shepherd, MI Welcome to this magnificently renovated home located in the heart of the charming village ...	3 beds \| 2 baths \| 1,820 sq.ft.	$239,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 8.77% Airbnb Rental Income: $1494 Traditional Rental Income: $2376 Airbnb ROI: 2.93% Traditional ROI: 8.77%
323 W Wright Avenue Shepherd, MI Rare Historic Multi-Family Opportunity in a prime Main Street location! Built by the origi...	N/A beds \| N/A baths \| 5,000 sq.ft.	$489,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.66% Airbnb Rental Income: $null Traditional Rental Income: $1550 Airbnb ROI: N/A Traditional ROI: 0.66%
125 N Chippewa Shepherd, MI This is a HUD home case number 265-101024. Opportunity awaits with this 3-bedroom, 1-bath ...	3 beds \| 1 baths \| 1,072 sq.ft.	$103,000	Airbnb cash on cash: 6.4% Traditional cash on cash: 11.63% Airbnb Rental Income: $1494 Traditional Rental Income: $1579 Airbnb ROI: 6.4% Traditional ROI: 11.63%
234 N UNION Shepherd, MI LOCATION IN SHEPHERD, NEAR PARK, WALKING DISTANCE TO MAIN STREET AND SCHOOL, CORNER LOCATI...	2 beds \| 1 baths \| 1,300 sq.ft.	$165,000	Airbnb cash on cash: 5.22% Traditional cash on cash: 7.84% Airbnb Rental Income: $1677 Traditional Rental Income: $1621 Airbnb ROI: 5.22% Traditional ROI: 7.84%
9365 W North County Line Road Shepherd, MI Welcome to this well-maintained 2-bedroom, 2-bath single -wide nestled on 8 beautiful, woo...	2 beds \| 2 baths \| 980 sq.ft.	$180,000	Airbnb cash on cash: 4.83% Traditional cash on cash: 7.26% Airbnb Rental Income: $1677 Traditional Rental Income: $1625 Airbnb ROI: 4.83% Traditional ROI: 7.26%
8746 S Shepherd Road Shepherd, MI Welcome home to this beautifully maintained 3-bedroom, 2-bath home offering over 1,260 squ...	3 beds \| 2 baths \| 1,260 sq.ft.	$184,900	Airbnb cash on cash: 3.84% Traditional cash on cash: 8.48% Airbnb Rental Income: $1494 Traditional Rental Income: $1872 Airbnb ROI: 3.84% Traditional ROI: 8.48%

Real Estate investment in Shepherd, MI

There are 12 properties for sale in the city of Shepherd . The median list price in Shepherd is $168,163 and the average price per square foot is $86. In June 2026, the average monthly cash on cash return in Shepherd is 7.00%. The average monthly rental income in Shepherd is $1,625.

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

There are 12 investment properties available for sale in Shepherd.

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

The ROI for Long-Term is higher than the Short-Term in Shepherd with average rental income of $1,625.

Your search for investment property begins and ends here

Investment Property for Sale in Shepherd, MI

309 N 2nd Street

Shepherd, MI

2 beds | 1 baths | 971 sq.ft.

$155,000

Airbnb cash on cash: 5.68%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1677

Traditional Rental Income: $1357

Airbnb ROI: 5.68%

Traditional ROI: 6.68%

308 S 3rd Street

Shepherd, MI

3 beds | 2 baths | 2,900 sq.ft.

$375,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1494

Traditional Rental Income: $2620

Airbnb ROI: 1.17%

Traditional ROI: 5.61%

107 W Hall Street

Shepherd, MI

2 beds | 1 baths | 1,053 sq.ft.

$142,900

Airbnb cash on cash: 5.53%

Traditional cash on cash: 6.8%

Airbnb Rental Income: $1677

Traditional Rental Income: $1383

Airbnb ROI: 5.53%

Traditional ROI: 6.8%

5557 E Pleasant Valley Road

Shepherd, MI

3 beds | 2 baths | 2,240 sq.ft.

$279,900

Airbnb cash on cash: 1.77%

Traditional cash on cash: 7.11%

Airbnb Rental Income: $1494

Traditional Rental Income: $2465

Airbnb ROI: 1.77%

Traditional ROI: 7.11%

10989 E Pleasant Valley Road

Shepherd, MI

3 beds | 3 baths | 2,228 sq.ft.

$360,000

Airbnb cash on cash: 1.2%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $1494

Traditional Rental Income: $2731

Airbnb ROI: 1.2%

Traditional ROI: 6.16%

99 N Alamando Road

Shepherd, MI

4 beds | 4 baths | 3,500 sq.ft.

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.48%

Airbnb Rental Income: $null

Traditional Rental Income: $4302

Airbnb ROI: N/A

Traditional ROI: 6.48%

117 E Wright Avenue

Shepherd, MI

3 beds | 2 baths | 1,820 sq.ft.

$239,000

Airbnb cash on cash: 2.93%

Traditional cash on cash: 8.77%

Airbnb Rental Income: $1494

Traditional Rental Income: $2376

Airbnb ROI: 2.93%

Traditional ROI: 8.77%

323 W Wright Avenue

Shepherd, MI

N/A beds | N/A baths | 5,000 sq.ft.

$489,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.66%

Airbnb Rental Income: $null

Traditional Rental Income: $1550

Airbnb ROI: N/A