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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
308 S 3rd St 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: 0.51% Traditional cash on cash: 5.61% Airbnb Rental Income: $1215 Traditional Rental Income: $2620 Airbnb ROI: 0.51% Traditional ROI: 5.61%
364 S Chippewa Street Shepherd, MI Set on 1.16 acres inside the village limits of Shepherd, this charming 3-bedroom, 2-bath f...	3 beds \| 2 baths \| 2,313 sq.ft.	$250,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 7.29% Airbnb Rental Income: $1215 Traditional Rental Income: $2520 Airbnb ROI: 0.1% Traditional ROI: 7.29%
5557 E Pleasant Valley Rd 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.	$289,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 6.84% Airbnb Rental Income: $1215 Traditional Rental Income: $2465 Airbnb ROI: 0.83% Traditional ROI: 6.84%
99 N Alamando Rd Shepherd, MI If you are looking for QUALITY , look no further than this 3500 square foot custom built h...	4 beds \| 3 baths \| 3,500 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $4302 Airbnb ROI: N/A Traditional ROI: 5.42%
117 E Wright Ave Shepherd, MI Welcome to this magnificently renovated home located in the heart of the charming village ...	3 beds \| 2 baths \| 1,820 sq.ft.	$249,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 8.39% Airbnb Rental Income: $1215 Traditional Rental Income: $2376 Airbnb ROI: 1.78% Traditional ROI: 8.39%
105 N 4th Street Shepherd, MI Back on the Market due to no fault of the seller or buyer... rather a lack of due diligenc...	4 beds \| 3 baths \| 1,894 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.34% Airbnb Rental Income: $null Traditional Rental Income: $2830 Airbnb ROI: N/A Traditional ROI: 10.34%
8797 E Walton Road Shepherd, MI Welcome to 8797 Walton Rd! Set against the serene rural Shepherd backdrop, this classic fa...	3 beds \| 1 baths \| 1,700 sq.ft.	$158,500	Airbnb cash on cash: 2.32% Traditional cash on cash: 8.52% Airbnb Rental Income: $1215 Traditional Rental Income: $1762 Airbnb ROI: 2.32% Traditional ROI: 8.52%
233 E Wright Ave Shepherd, MI Welcome to 233 E. Wright Avenue in Shepherd, the "Sweetest Little Town Around"! Have you b...	4 beds \| 1 baths \| 1,408 sq.ft.	$123,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.82% Airbnb Rental Income: $null Traditional Rental Income: $1673 Airbnb ROI: N/A Traditional ROI: 10.82%
10063 E Walton Road Shepherd, MI This beautifully remodeled, immaculately kept farmhouse, set on 2 picturesque acres offers...	3 beds \| 2 baths \| 1,880 sq.ft.	$365,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.02% Airbnb Rental Income: $1215 Traditional Rental Income: $2333 Airbnb ROI: -0.39% Traditional ROI: 4.02%
5691 E Coe Road Shepherd, MI Welcome to this beautifully updated 3-bedroom, 2-bath home situated on 3 acres in Shepherd...	3 beds \| 2 baths \| 1,300 sq.ft.	$184,900	Airbnb cash on cash: 1.85% Traditional cash on cash: 8.12% Airbnb Rental Income: $1215 Traditional Rental Income: $1925 Airbnb ROI: 1.85% Traditional ROI: 8.12%

Real Estate investment in Shepherd, MI

There are 17 properties for sale in the city of Shepherd . The median list price in Shepherd is $224,900 and the average price per square foot is $121. In May 2026, the average monthly cash on cash return in Shepherd is 8.00%. The average monthly rental income in Shepherd is $2,333.

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

There are 17 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 $2,333.

Your search for investment property begins and ends here

Investment Property for Sale in Shepherd, MI

308 S 3rd St

Shepherd, MI

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

$375,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1215

Traditional Rental Income: $2620

Airbnb ROI: 0.51%

Traditional ROI: 5.61%

364 S Chippewa Street

Shepherd, MI

3 beds | 2 baths | 2,313 sq.ft.

$250,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 7.29%

Airbnb Rental Income: $1215

Traditional Rental Income: $2520

Airbnb ROI: 0.1%

Traditional ROI: 7.29%

5557 E Pleasant Valley Rd

Shepherd, MI

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

$289,900

Airbnb cash on cash: 0.83%

Traditional cash on cash: 6.84%

Airbnb Rental Income: $1215

Traditional Rental Income: $2465

Airbnb ROI: 0.83%

Traditional ROI: 6.84%

99 N Alamando Rd

Shepherd, MI

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

$699,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.42%

Airbnb Rental Income: $null

Traditional Rental Income: $4302

Airbnb ROI: N/A

Traditional ROI: 5.42%

117 E Wright Ave

Shepherd, MI

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

$249,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 8.39%

Airbnb Rental Income: $1215

Traditional Rental Income: $2376

Airbnb ROI: 1.78%

Traditional ROI: 8.39%

105 N 4th Street

Shepherd, MI

4 beds | 3 baths | 1,894 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2830

Airbnb ROI: N/A

Traditional ROI: 10.34%

8797 E Walton Road

Shepherd, MI

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

$158,500

Airbnb cash on cash: 2.32%

Traditional cash on cash: 8.52%

Airbnb Rental Income: $1215

Traditional Rental Income: $1762

Airbnb ROI: 2.32%

Traditional ROI: 8.52%

233 E Wright Ave

Shepherd, MI

4 beds | 1 baths | 1,408 sq.ft.

$123,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.82%

Airbnb Rental Income: $null

Traditional Rental Income: $1673

Airbnb ROI: N/A