Real Estate Investment Properties for Sale in Deerwood, MN

Looking for investment property in Deerwood, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
23845 State Highway 18 Deerwood, MN This nicely finished home has a lot to offer and has an excellent location in the heart o...	2 beds \| 2 baths \| 1,047 sq.ft.	$289,900	Airbnb cash on cash: 4.92% Traditional cash on cash: 5.84% Airbnb Rental Income: $2370 Traditional Rental Income: $2037 Airbnb ROI: 4.92% Traditional ROI: 5.84%
16401 Cottage Hill Rd Deerwood, MN Adorable Bay Lake cabin! Completely remodeled year around property on 4 acres with 382 fee...	3 beds \| 2 baths \| 1,744 sq.ft.	$795,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.3% Airbnb Rental Income: $2047 Traditional Rental Income: $2723 Airbnb ROI: 0.67% Traditional ROI: 2.3%
13496 Wilson Lake Dr Deerwood, MN This log home is the ultimate in up north lake homes. This 3 bedroom, 2 bath, log home sit...	3 beds \| 2 baths \| 3,304 sq.ft.	$650,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 2.83% Airbnb Rental Income: $2047 Traditional Rental Income: $2569 Airbnb ROI: 1.09% Traditional ROI: 2.83%
15184 Damsgaard Rd NE Deerwood, MN Must see three-bedroom, three-bathroom Deerwood home on 2.5 Acres. This home features cust...	3 beds \| 2 baths \| 2,080 sq.ft.	$399,900	Airbnb cash on cash: 2.63% Traditional cash on cash: 5.56% Airbnb Rental Income: $2047 Traditional Rental Income: $2618 Airbnb ROI: 2.63% Traditional ROI: 5.56%
25650 Wilson Ct Deerwood, MN Level 4 acre lot with to 400' of shoreline. 2 bedroom, 2.5 bath manufactured home and a 2 ...	4 beds \| 3 baths \| 1,440 sq.ft.	$300,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 7.88% Airbnb Rental Income: $2904 Traditional Rental Income: $2769 Airbnb ROI: 5.97% Traditional ROI: 7.88%
23696 Warren Ln Deerwood, MN Experience lakeside living at its finest in this stunning new construction home on the Cro...	4 beds \| 4 baths \| 2,669 sq.ft.	$1,435,000	Airbnb cash on cash: 0.51% Traditional cash on cash: -0.04% Airbnb Rental Income: $2904 Traditional Rental Income: $1495 Airbnb ROI: 0.51% Traditional ROI: -0.04%
23319 Maple Shores Road Deerwood, MN Don't miss this first time offering on rarely available Agate Lake! This custom-built home...	4 beds \| 4 baths \| 3,328 sq.ft.	$749,900	Airbnb cash on cash: 1.55% Traditional cash on cash: 4.44% Airbnb Rental Income: $2904 Traditional Rental Income: $4254 Airbnb ROI: 1.55% Traditional ROI: 4.44%
19055 Nokay Lake Rd Deerwood, MN This house was recently remodeled, with new flooring throughout. The roof is 10 years old....	5 beds \| 3 baths \| 2,704 sq.ft.	$350,000	Airbnb cash on cash: 9.9% Traditional cash on cash: 7.6% Airbnb Rental Income: $5074 Traditional Rental Income: $3284 Airbnb ROI: 9.9% Traditional ROI: 7.6%
3.03 Acres Outlot A Mine Shaft Pl Deerwood, MN TBD 3.03 Acres Mine Shaft Pl, Cuyuna, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$67,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 8.04%
2.58 Acres Lot 2, Block 2 Kennedy Dr Deerwood, MN TBD 2.58 Acres Mine Shaft Pl, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.35% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 11.35%
1.94 Acres Lot 3, Block 3 Tail Track Ln Deerwood, MN TBD 1.94 Acres Tail Track Ln, Cuyuna, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$57,400	Airbnb cash on cash: N/A Traditional cash on cash: 9.73% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 9.73%
TBD State Highway 210 Deerwood, MN TBD State Highway 210, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.35% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 11.35%
14755 Maple Lake Dr Deerwood, MN 14755 Maple Lake Dr, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 1 baths \| 1,106 sq.ft.	$325,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 3.27% Airbnb Rental Income: $2370 Traditional Rental Income: $1737 Airbnb ROI: 3.43% Traditional ROI: 3.27%
14770 Katrine Dr Deerwood, MN 14770 Katrine Dr, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 1 baths \| 630 sq.ft.	$209,000	Airbnb cash on cash: 5.32% Traditional cash on cash: 2.29% Airbnb Rental Income: $2370 Traditional Rental Income: $1186 Airbnb ROI: 5.32% Traditional ROI: 2.29%
17508 Ruttger Way Deerwood, MN 17508 Ruttger Way, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 4 baths \| 3,312 sq.ft.	$899,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 1.6% Airbnb Rental Income: $2904 Traditional Rental Income: $3603 Airbnb ROI: -0.04% Traditional ROI: 1.6%
24504 State Highway 18 Deerwood, MN 24504 State Highway 18, Deerwood, MN 56444 \| Other	3 beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 0.64% Airbnb Rental Income: $2047 Traditional Rental Income: $866 Airbnb ROI: 2.95% Traditional ROI: 0.64%
24357 Kennedy Dr Deerwood, MN 24357 Kennedy Dr, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 2 baths \| 5,636 sq.ft.	$1,495,000	Airbnb cash on cash: -0.57% Traditional cash on cash: -0.3% Airbnb Rental Income: $2904 Traditional Rental Income: $2614 Airbnb ROI: -0.57% Traditional ROI: -0.3%
TBD Tract B Swanson Rd Deerwood, MN TBD Tract B Swanson Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $866 Airbnb ROI: N/A Traditional ROI: 2.41%
Lot 1 Blk 1 Swanson Rd Deerwood, MN TBD Tract A Swanson Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $866 Airbnb ROI: N/A Traditional ROI: 2.18%
25184 Tame Fish Lake Rd #564 Deerwood, MN END UNIT:) Get passive rental income with the option for personal use at Nostalgic Ruttger...	2 beds \| 2 baths \| 1,090 sq.ft.	$159,000	Airbnb cash on cash: 6.06% Traditional cash on cash: 6.29% Airbnb Rental Income: $2370 Traditional Rental Income: $1820 Airbnb ROI: 6.06% Traditional ROI: 6.29%
27350 Greenwood Isle Cir Deerwood, MN Enjoy lake life at its finest in this beautifully crafted 4 bedroom, 3 bathroom home on Tu...	4 beds \| 3 baths \| 3,580 sq.ft.	$795,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 2.61% Airbnb Rental Income: $2904 Traditional Rental Income: $3112 Airbnb ROI: 1.42% Traditional ROI: 2.61%
25222 Tame Fish Lake Rd #578/579 Deerwood, MN Gain rental income with the option for personal use at Ruttger's Bay Lake Resort. The pers...	2 beds \| 2 baths \| 1,090 sq.ft.	$162,900	Airbnb cash on cash: 5.85% Traditional cash on cash: 5.16% Airbnb Rental Income: $2370 Traditional Rental Income: $1679 Airbnb ROI: 5.85% Traditional ROI: 5.16%
45940 295th St Deerwood, MN 45940 295th St, Deerwood, MN 56444 \| Single Family Residential	6 beds \| 4 baths \| 5,267 sq.ft.	$1,250,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 1.07% Airbnb Rental Income: $5074 Traditional Rental Income: $3798 Airbnb ROI: 1.28% Traditional ROI: 1.07%
25184 Tame Fish Lake Rd #566/567 Deerwood, MN Partner with Ruttger's Bay Lake Resort on this rental investment property! The personal us...	2 beds \| 2 baths \| 1,090 sq.ft.	$162,900	Airbnb cash on cash: 5.85% Traditional cash on cash: 5.16% Airbnb Rental Income: $2370 Traditional Rental Income: $1679 Airbnb ROI: 5.85% Traditional ROI: 5.16%
19589 Nokay Lake Road Deerwood, MN 35 beautiful acres with endless possibilities! Build your dream home, create a private ret...	3 beds \| 1 baths \| 961 sq.ft.	$249,900	Airbnb cash on cash: 4.88% Traditional cash on cash: 5.45% Airbnb Rental Income: $2047 Traditional Rental Income: $1651 Airbnb ROI: 4.88% Traditional ROI: 5.45%
Lot G Echo Rdg Deerwood, MN Lot G Echo Rdg, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 4.26%
Lot E Echo Rdg Deerwood, MN Lot E Echo Rdg, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 3.1%
Lot F Echo Rdg Deerwood, MN Lot F Echo Rdg, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 3.82%
Lot D Echo Rdg Deerwood, MN Lot D Echo Rdg, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 4.26%
Lot C Echo Rdg Deerwood, MN Lot C Echo Rdg, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 3.82%
25624 Evergreen Trl Deerwood, MN 25624 Evergreen Trl, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 1 baths \| 1,064 sq.ft.	$1,349,000	Airbnb cash on cash: -0.98% Traditional cash on cash: -0.85% Airbnb Rental Income: $2047 Traditional Rental Income: $1679 Airbnb ROI: -0.98% Traditional ROI: -0.85%
21283 Pine Tree Ln Deerwood, MN 21283 Pine Tree Ln, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.62% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 0.62%
23606 Fox Run Ln Deerwood, MN 23606 Fox Run Ln, Deerwood, MN 56444 \| Single Family Residential	5 beds \| 2 baths \| 3,280 sq.ft.	$399,900	Airbnb cash on cash: 8.42% Traditional cash on cash: 4.69% Airbnb Rental Income: $5074 Traditional Rental Income: $2643 Airbnb ROI: 8.42% Traditional ROI: 4.69%
23624 Cross Dr Deerwood, MN 23624 Cross Dr, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 2 baths \| 2,550 sq.ft.	$319,900	Airbnb cash on cash: 2.62% Traditional cash on cash: 5.82% Airbnb Rental Income: $2047 Traditional Rental Income: $2478 Airbnb ROI: 2.62% Traditional ROI: 5.82%
17377 Knieff's Shore Dr NE #16E Deerwood, MN 17377 Knieff's Shore Dr NE #16E, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 2 baths \| 1,404 sq.ft.	$135,000	Airbnb cash on cash: 4.35% Traditional cash on cash: 9.19% Airbnb Rental Income: $2047 Traditional Rental Income: $2145 Airbnb ROI: 4.35% Traditional ROI: 9.19%
21595 Beach Rd Deerwood, MN 21595 Beach Rd, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 2 baths \| 2,250 sq.ft.	$349,900	Airbnb cash on cash: 4.4% Traditional cash on cash: 5.38% Airbnb Rental Income: $2904 Traditional Rental Income: $2556 Airbnb ROI: 4.4% Traditional ROI: 5.38%
26640 Holman Point Dr Deerwood, MN 26640 Holman Point Dr, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 2 baths \| 2,006 sq.ft.	$699,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 1.62% Airbnb Rental Income: $2047 Traditional Rental Income: $2531 Airbnb ROI: 0.07% Traditional ROI: 1.62%
16325 Sissabagama Rd Deerwood, MN 16325 Sissabagama Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $890 Airbnb ROI: N/A Traditional ROI: 6.11%
22177 Ministers Point Rd Deerwood, MN 22177 Ministers Point Rd, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 2 baths \| 2,350 sq.ft.	$799,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 0.76% Airbnb Rental Income: $2370 Traditional Rental Income: $2234 Airbnb ROI: 0.16% Traditional ROI: 0.76%
24256 State Highway 18 Deerwood, MN 24256 State Highway 18, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 2 baths \| 2,136 sq.ft.	$649,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.95% Airbnb Rental Income: $2047 Traditional Rental Income: $2556 Airbnb ROI: 0.24% Traditional ROI: 1.95%

Real Estate investment in Deerwood, MN

There are 44 properties for sale in the city of Deerwood . The median list price in Deerwood is $349,741 and the average price per square foot is $161. In September 2026, the average monthly cash on cash return in Deerwood is 3.00%. The average monthly rental income in Deerwood is $1,733.

Deerwood, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 44 investment properties available for sale in Deerwood.

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

The ROI for Short-Term is higher than the Long-Term in Deerwood with average rental income of $2,370.

Your search for investment property begins and ends here

Investment Property for Sale in Deerwood, MN

23845 State Highway 18

Deerwood, MN

2 beds | 2 baths | 1,047 sq.ft.

$289,900

Airbnb cash on cash: 4.92%

Traditional cash on cash: 5.84%

Airbnb Rental Income: $2370

Traditional Rental Income: $2037

Airbnb ROI: 4.92%

Traditional ROI: 5.84%

16401 Cottage Hill Rd

Deerwood, MN

3 beds | 2 baths | 1,744 sq.ft.

$795,000

Airbnb cash on cash: 0.67%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $2047

Traditional Rental Income: $2723

Airbnb ROI: 0.67%

Traditional ROI: 2.3%

13496 Wilson Lake Dr

Deerwood, MN

3 beds | 2 baths | 3,304 sq.ft.

$650,000

Airbnb cash on cash: 1.09%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $2047

Traditional Rental Income: $2569

Airbnb ROI: 1.09%

Traditional ROI: 2.83%

15184 Damsgaard Rd NE

Deerwood, MN

3 beds | 2 baths | 2,080 sq.ft.

$399,900

Airbnb cash on cash: 2.63%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $2047

Traditional Rental Income: $2618

Airbnb ROI: 2.63%

Traditional ROI: 5.56%

25650 Wilson Ct

Deerwood, MN

4 beds | 3 baths | 1,440 sq.ft.

$300,000

Airbnb cash on cash: 5.97%

Traditional cash on cash: 7.88%

Airbnb Rental Income: $2904

Traditional Rental Income: $2769

Airbnb ROI: 5.97%

Traditional ROI: 7.88%

23696 Warren Ln

Deerwood, MN

4 beds | 4 baths | 2,669 sq.ft.

$1,435,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $2904

Traditional Rental Income: $1495

Airbnb ROI: 0.51%

Traditional ROI: -0.04%

23319 Maple Shores Road

Deerwood, MN

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

$749,900

Airbnb cash on cash: 1.55%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $2904

Traditional Rental Income: $4254

Airbnb ROI: 1.55%

Traditional ROI: 4.44%

19055 Nokay Lake Rd

Deerwood, MN

5 beds | 3 baths | 2,704 sq.ft.

$350,000

Airbnb cash on cash: 9.9%

Traditional cash on cash: 7.6%

Airbnb Rental Income: $5074

Traditional Rental Income: $3284

Airbnb ROI: 9.9%