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
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.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2620 Airbnb ROI: N/A Traditional ROI: 5.22%
130 N Chippewa Street Shepherd, MI Welcome to this charming 2-bedroom, 1-bath home perfectly situated on a spacious corner lo...	2 beds \| 1 baths \| 864 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $1119 Airbnb ROI: N/A Traditional ROI: 3.81%
364 S Chippewa St 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.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.83% Airbnb Rental Income: $null Traditional Rental Income: $2520 Airbnb ROI: N/A Traditional ROI: 6.83%
215 Dearing Drive Shepherd, MI Welcome home to this super cozy brick beauty in the sweet little village of Shepherd. From...	3 beds \| 2 baths \| 1,600 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.76% Airbnb Rental Income: $null Traditional Rental Income: $2229 Airbnb ROI: N/A Traditional ROI: 9.76%
2063 E Walton Shepherd, MI Welcome to this beautifully maintained 2-bedroom, 2-bath ranch-style home situated on 3 pr...	2 beds \| 2 baths \| 1,650 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.76% Airbnb Rental Income: $null Traditional Rental Income: $2282 Airbnb ROI: N/A Traditional ROI: 7.76%
108 N 3rd St Shepherd, MI * Beautifully Renovated Historic Home in Shepherd * This 3-bedroom, 2.5-bath, 2-story home...	3 beds \| 2 baths \| 2,588 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.85% Airbnb Rental Income: $null Traditional Rental Income: $2845 Airbnb ROI: N/A Traditional ROI: 5.85%
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 EVERYTHING IS NEW!! In the heart of downtown Shepherd, lies this gorgeously renovated 3 be...	3 beds \| 2 baths \| 1,820 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.39% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 8.39%
8049 S Federal Rd Shepherd, MI Great location on the west end of Shepherd. Home has 3 bedrooms, 2 baths with an open floo...	3 beds \| 2 baths \| 1,400 sq.ft.	$238,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.01% Airbnb Rental Income: $null Traditional Rental Income: $2054 Airbnb ROI: N/A Traditional ROI: 7.01%

Real Estate investment in Shepherd, MI

There are 18 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 $125. In February 2026, the average monthly cash on cash return in Shepherd is 8.00%. The average monthly rental income in Shepherd is $2,229.

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

There are 18 investment properties available for sale in Shepherd.

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

The ROI for Short-Term is higher than the Long-Term in Shepherd with average rental income of $N/A.

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.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2620

Airbnb ROI: N/A

Traditional ROI: 5.22%

130 N Chippewa Street

Shepherd, MI

2 beds | 1 baths | 864 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.81%

Airbnb Rental Income: $null

Traditional Rental Income: $1119

Airbnb ROI: N/A

Traditional ROI: 3.81%

364 S Chippewa St

Shepherd, MI

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

$265,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2520

Airbnb ROI: N/A

Traditional ROI: 6.83%

215 Dearing Drive

Shepherd, MI

3 beds | 2 baths | 1,600 sq.ft.

$179,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.76%

Airbnb Rental Income: $null

Traditional Rental Income: $2229

Airbnb ROI: N/A

Traditional ROI: 9.76%

2063 E Walton

Shepherd, MI

2 beds | 2 baths | 1,650 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.76%

Airbnb Rental Income: $null

Traditional Rental Income: $2282

Airbnb ROI: N/A

Traditional ROI: 7.76%

108 N 3rd St

Shepherd, MI

3 beds | 2 baths | 2,588 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.85%

Airbnb Rental Income: $null

Traditional Rental Income: $2845

Airbnb ROI: N/A

Traditional ROI: 5.85%

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: N/A

Traditional cash on cash: 8.39%

Airbnb Rental Income: $null

Traditional Rental Income: $2376

Airbnb ROI: N/A