Real Estate Investment Properties for Sale in Waterford, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
399 Quail Ridge Ct Waterford, MI Back on Market due to buyer financing -- If you missed it the first time, here's your chan...	4 beds \| 2 baths \| 2,112 sq.ft.	$400,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 4.87% Airbnb Rental Income: $3089 Traditional Rental Income: $2708 Airbnb ROI: 4.03% Traditional ROI: 4.87%
1156 Julian Ct Waterford, MI Welcome to the Parkway Ranch! This spacious 3-bedroom, 2.5-bath split ranch offers an exce...	3 beds \| 2 baths \| 1,788 sq.ft.	$554,900	Airbnb cash on cash: 1.79% Traditional cash on cash: 3.85% Airbnb Rental Income: $2256 Traditional Rental Income: $2762 Airbnb ROI: 1.79% Traditional ROI: 3.85%
1134 Julian Ct Waterford, MI Welcome to the Norway Ranch! This beautifully designed new construction ranch offers 3 bed...	3 beds \| 2 baths \| 1,859 sq.ft.	$529,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.86% Airbnb Rental Income: $2256 Traditional Rental Income: $2655 Airbnb ROI: 1.92% Traditional ROI: 3.86%
1288 Jay St Waterford, MI Welcome to this beautifully maintained townhouse condominium offering picturesque views of...	2 beds \| 3 baths \| 1,236 sq.ft.	$209,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 7.42% Airbnb Rental Income: $1268 Traditional Rental Income: $2013 Airbnb ROI: 1.74% Traditional ROI: 7.42%
5131 Elizabeth Lake Rd Waterford, MI *Back on the market at no fault of seller! Experience the best of lakefront living on beau...	3 beds \| 2 baths \| 1,370 sq.ft.	$374,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.39% Airbnb Rental Income: $2256 Traditional Rental Income: $2195 Airbnb ROI: 2.04% Traditional ROI: 3.39%
5426 Murray Ct Waterford, MI This fabulous 5 bedroom, 4 bathroom family home includes your very own boatwell! Located o...	5 beds \| 4 baths \| 3,328 sq.ft.	$759,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.47% Airbnb Rental Income: $2868 Traditional Rental Income: $3864 Airbnb ROI: 1.12% Traditional ROI: 3.47%
7652 Woodview Drive Waterford, MI Beautifully maintained 2-bedroom, 1-bath ranch condo in a desirable Waterford location. Th...	2 beds \| 1 baths \| 956 sq.ft.	$184,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 4.64% Airbnb Rental Income: $1268 Traditional Rental Income: $1408 Airbnb ROI: 1.57% Traditional ROI: 4.64%
5345 Clinton River Drive Waterford, MI Welcome to your backyard oasis in Waterford twp, a stunning spacious home sitting on a lar...	4 beds \| 2 baths \| 2,361 sq.ft.	$300,000	Airbnb cash on cash: 6.01% Traditional cash on cash: 7.67% Airbnb Rental Income: $3089 Traditional Rental Income: $2854 Airbnb ROI: 6.01% Traditional ROI: 7.67%
3168 Herbell Dr Waterford, MI THIS PROPERTY HAS BEEN APPRAISED FOR $288,000! (NEW ROOF 2026) Ask us for the report! If y...	3 beds \| 2 baths \| 1,502 sq.ft.	$275,000	Airbnb cash on cash: 4.58% Traditional cash on cash: 6.93% Airbnb Rental Income: $2256 Traditional Rental Income: $2299 Airbnb ROI: 4.58% Traditional ROI: 6.93%
2020 Watkins Lake Rd Waterford, MI New Construction Tudor on All-Sports Scott Lake! Don't miss this rare opportunity to own a...	3 beds \| 2 baths \| 2,240 sq.ft.	$717,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 3.69% Airbnb Rental Income: $2256 Traditional Rental Income: $3340 Airbnb ROI: 1.22% Traditional ROI: 3.69%
2006 Watkins Lake Rd Waterford, MI Welcome to a rare opportunity on the shores of Scott Lake - a magnificent 3,500 sq. ft. Tu...	5 beds \| 3 baths \| 3,500 sq.ft.	$1,207,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 1.89% Airbnb Rental Income: $2868 Traditional Rental Income: $3551 Airbnb ROI: 0.68% Traditional ROI: 1.89%
995 N Cass Lake Rd #221 Waterford, MI Beautifully updated condo close to shopping and M-59. HOA fees include Heat and water as w...	1 beds \| 1 baths \| 639 sq.ft.	$79,900	Airbnb cash on cash: -1.54% Traditional cash on cash: 6.68% Airbnb Rental Income: $787 Traditional Rental Income: $1113 Airbnb ROI: -1.54% Traditional ROI: 6.68%
3841 Covert Rd Waterford, MI Rarely does a Waterford home offer this combination of classic Colonial character, lake vi...	4 beds \| 2 baths \| 2,633 sq.ft.	$449,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 4.67% Airbnb Rental Income: $3089 Traditional Rental Income: $2725 Airbnb ROI: 3.86% Traditional ROI: 4.67%
193 Scott Lake Road Waterford, MI We are now in a Multiple Offer situation. Highest and Best is due by Tuesday 5 PM. Fantast...	3 beds \| 2 baths \| 1,800 sq.ft.	$199,900	Airbnb cash on cash: 5.9% Traditional cash on cash: 6.46% Airbnb Rental Income: $2256 Traditional Rental Income: $1796 Airbnb ROI: 5.9% Traditional ROI: 6.46%
555 S Winding Drive Waterford, MI Welcome to this inviting, light-filled home in the coveted Elizabeth Lake Estates communit...	3 beds \| 3 baths \| 1,725 sq.ft.	$399,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 5.35% Airbnb Rental Income: $2256 Traditional Rental Income: $2827 Airbnb ROI: 2.32% Traditional ROI: 5.35%
1008 Beachland Boulevard Waterford, MI Beautifully updated tri-level home in a highly sought-after Waterford neighbrohood with ac...	3 beds \| 2 baths \| 1,641 sq.ft.	$315,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 5.78% Airbnb Rental Income: $2256 Traditional Rental Income: $2446 Airbnb ROI: 3.24% Traditional ROI: 5.78%
190 S Lynn Avenue Waterford, MI Welcome home! This completely redone 3 bedroom, 2 full bath home has it all! With new floo...	3 beds \| 2 baths \| 1,928 sq.ft.	$209,900	Airbnb cash on cash: 5.74% Traditional cash on cash: 9.13% Airbnb Rental Income: $2256 Traditional Rental Income: $2365 Airbnb ROI: 5.74% Traditional ROI: 9.13%
439 S Winding Drive Waterford, MI Enjoy lake living with association access to Elizabeth Lake and the private ELEIA beach, b...	4 beds \| 1 baths \| 1,148 sq.ft.	$245,000	Airbnb cash on cash: 7.06% Traditional cash on cash: 4.37% Airbnb Rental Income: $3089 Traditional Rental Income: $1764 Airbnb ROI: 7.06% Traditional ROI: 4.37%
3843 Athens Ave Waterford, MI Welcome to this beautifully maintained 3-bed, 1.5-bath home across from Lake Oakland, an a...	3 beds \| 2 baths \| 1,453 sq.ft.	$290,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 3.92% Airbnb Rental Income: $2256 Traditional Rental Income: $2074 Airbnb ROI: 2.65% Traditional ROI: 3.92%
3560 Dorothy Ln Waterford, MI	5 beds \| N/A baths \| 4,353 sq.ft.	$550,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.79% Airbnb Rental Income: $2868 Traditional Rental Income: $4881 Airbnb ROI: 1.57% Traditional ROI: 6.79%
4960 Lake Point Dr Waterford, MI Welcome to Hidden Harbor Condos-a rare opportunity to enjoy lake living in one of Waterfor...	3 beds \| 2 baths \| 1,634 sq.ft.	$249,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 5.98% Airbnb Rental Income: $2256 Traditional Rental Income: $2558 Airbnb ROI: 2.52% Traditional ROI: 5.98%
3010 Loon Lake Shores Rd Waterford, MI Nestled along the peaceful shores of all-sports Loon Lake, this retreat offers breathtakin...	4 beds \| 2 baths \| 2,592 sq.ft.	$624,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 3.46% Airbnb Rental Income: $3089 Traditional Rental Income: $3175 Airbnb ROI: 2.11% Traditional ROI: 3.46%
4387 Sunburst Avenue Waterford, MI Nestled on a quiet street, this beautifully maintained contemporary 1.5 story home offers ...	3 beds \| 2 baths \| 1,839 sq.ft.	$325,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 5.71% Airbnb Rental Income: $2256 Traditional Rental Income: $2426 Airbnb ROI: 3.3% Traditional ROI: 5.71%
5845 OLYMPIC Parkway Waterford, MI THIS IS THE HOME YOU'VE BEEN WAITING FOR! STYLISH AND MODERN, YOU WILL LOVE THE THOUGHTFUL...	4 beds \| 2 baths \| 1,915 sq.ft.	$339,000	Airbnb cash on cash: 4.93% Traditional cash on cash: 5.56% Airbnb Rental Income: $3089 Traditional Rental Income: $2587 Airbnb ROI: 4.93% Traditional ROI: 5.56%

Real Estate investment in Waterford, MI

There are 85 properties for sale in the city of Waterford . The median list price in Waterford is $312,000 and the average price per square foot is $173. In August 2026, the average monthly cash on cash return in Waterford is 5.00%. The average monthly rental income in Waterford is $2,573.

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

There are 85 investment properties available for sale in Waterford.

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

The ROI for Long-Term is higher than the Short-Term in Waterford with average rental income of $2,573.

Your search for investment property begins and ends here

Investment Property for Sale in Waterford, MI

399 Quail Ridge Ct

Waterford, MI

4 beds | 2 baths | 2,112 sq.ft.

$400,000

Airbnb cash on cash: 4.03%

Traditional cash on cash: 4.87%

Airbnb Rental Income: $3089

Traditional Rental Income: $2708

Airbnb ROI: 4.03%

Traditional ROI: 4.87%

1156 Julian Ct

Waterford, MI

3 beds | 2 baths | 1,788 sq.ft.

$554,900

Airbnb cash on cash: 1.79%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $2256

Traditional Rental Income: $2762

Airbnb ROI: 1.79%

Traditional ROI: 3.85%

1134 Julian Ct

Waterford, MI

3 beds | 2 baths | 1,859 sq.ft.

$529,900

Airbnb cash on cash: 1.92%

Traditional cash on cash: 3.86%

Airbnb Rental Income: $2256

Traditional Rental Income: $2655

Airbnb ROI: 1.92%

Traditional ROI: 3.86%

1288 Jay St

Waterford, MI

2 beds | 3 baths | 1,236 sq.ft.

$209,900

Airbnb cash on cash: 1.74%

Traditional cash on cash: 7.42%

Airbnb Rental Income: $1268

Traditional Rental Income: $2013

Airbnb ROI: 1.74%

Traditional ROI: 7.42%

5131 Elizabeth Lake Rd

Waterford, MI

3 beds | 2 baths | 1,370 sq.ft.

$374,900

Airbnb cash on cash: 2.04%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $2256

Traditional Rental Income: $2195

Airbnb ROI: 2.04%

Traditional ROI: 3.39%

5426 Murray Ct

Waterford, MI

5 beds | 4 baths | 3,328 sq.ft.

$759,900

Airbnb cash on cash: 1.12%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $2868

Traditional Rental Income: $3864

Airbnb ROI: 1.12%

Traditional ROI: 3.47%

7652 Woodview Drive

Waterford, MI

2 beds | 1 baths | 956 sq.ft.

$184,900

Airbnb cash on cash: 1.57%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $1268

Traditional Rental Income: $1408

Airbnb ROI: 1.57%

Traditional ROI: 4.64%

5345 Clinton River Drive

Waterford, MI

4 beds | 2 baths | 2,361 sq.ft.

$300,000

Airbnb cash on cash: 6.01%

Traditional cash on cash: 7.67%

Airbnb Rental Income: $3089

Traditional Rental Income: $2854

Airbnb ROI: 6.01%