Real Estate Investment Properties for Sale in Michigan

Looking for investment property in Michigan with high ROI ?

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

Q: Which city in Michigan to invest in for highest ROI on long term rental properties in 2025

In 2025, Palmyrais the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
940 Monroe Avenue NW unit: 549 #549 Grand Rapids, MI Welcome to the top floor at Boardwalk Condo's - easy and convenient living at its finest! ...	2 beds \| 2 baths \| 1,315 sq.ft.	$355,000	Airbnb cash on cash: -2.17% Traditional cash on cash: 1.84% Airbnb Rental Income: $1465 Traditional Rental Income: $2368 Airbnb ROI: -2.17% Traditional ROI: 1.84%
1083 N Livernois Road Rochester Hills, MI Beautiful open-concept home featuring a spacious dining and great room area with a stunnin...	3 beds \| 4 baths \| 2,848 sq.ft.	$625,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.34% Airbnb Rental Income: $1301 Traditional Rental Income: $3261 Airbnb ROI: -0.71% Traditional ROI: 3.34%
411 S Old Woodward Avenue #911 Birmingham, MI Discover this well-maintained, modern 1-bedroom, 1-bathroom condo perfectly located on Old...	1 beds \| 1 baths \| 519 sq.ft.	$275,000	Airbnb cash on cash: -2.16% Traditional cash on cash: 0.42% Airbnb Rental Income: $887 Traditional Rental Income: $1219 Airbnb ROI: -2.16% Traditional ROI: 0.42%
322 E HARRISON Avenue #18 Royal Oak, MI Nestled in the heart of Royal Oakâs industrial district, this stylish loft in the sought...	2 beds \| 2 baths \| 1,129 sq.ft.	$334,900	Airbnb cash on cash: -2.09% Traditional cash on cash: 0.98% Airbnb Rental Income: $1341 Traditional Rental Income: $1895 Airbnb ROI: -2.09% Traditional ROI: 0.98%
1769 W Warren Avenue Detroit, MI Updated Investor Special â Prime Turnkey Duplex in Detroit â Now $385,000! Welcome to...	5 beds \| 2 baths \| 2,238 sq.ft.	$385,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.25% Airbnb Rental Income: $703 Traditional Rental Income: $2131 Airbnb ROI: -0.56% Traditional ROI: 4.25%
600 Monroe Avenue NW unit: 409 #409 Grand Rapids, MI Modern Top-Floor Loft in Prime Downtown Grand Rapids Location Welcome to this stunning top...	1 beds \| 2 baths \| 1,110 sq.ft.	$299,900	Airbnb cash on cash: -2.2% Traditional cash on cash: 1.04% Airbnb Rental Income: $1199 Traditional Rental Income: $1724 Airbnb ROI: -2.2% Traditional ROI: 1.04%
2644 Maplewood Ann Arbor, MI Bungalow on tree canopied street in South East Ann Arbor - 2.8 miles from the "BIG HOUSE"....	2 beds \| 2 baths \| 1,052 sq.ft.	$359,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 2.48% Airbnb Rental Income: $1240 Traditional Rental Income: $1779 Airbnb ROI: -0.3% Traditional ROI: 2.48%
1020 Miller Road Plainwell, MI Step back in time with this stunning 1857 colonial-style farmhouse on 3 private acres! One...	3 beds \| N/A baths \| 2,412 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $2689 Airbnb ROI: N/A Traditional ROI: 5.09%
955 Wakefield Street Birmingham, MI Convenient, close to town location in Birmingham. 4BR 2.5 Bath 2023-24 renovated colonial ...	4 beds \| 3 baths \| 2,423 sq.ft.	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.13% Airbnb Rental Income: $null Traditional Rental Income: $3130 Airbnb ROI: N/A Traditional ROI: 1.13%
600 Monroe Avenue NW unit: 406 #406 Grand Rapids, MI Penthouse Perfection at Monroe Terrace! Experience downtown living at its finest in this s...	3 beds \| 3 baths \| 2,355 sq.ft.	$865,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 0.33% Airbnb Rental Income: $1695 Traditional Rental Income: $2838 Airbnb ROI: -1.67% Traditional ROI: 0.33%
1217 El Camino Drive NW Grand Rapids, MI Step into a home where artistry meets everyday comfort. Professionally curated by an inter...	4 beds \| N/A baths \| 5,102 sq.ft.	$799,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 5.19% Airbnb Rental Income: $2298 Traditional Rental Income: $5313 Airbnb ROI: 0.38% Traditional ROI: 5.19%
1008 ANN Street Birmingham, MI Experience the best of Birmingham living in this beautifully renovated three story, privat...	2 beds \| 4 baths \| 1,690 sq.ft.	$699,000	Airbnb cash on cash: -2.48% Traditional cash on cash: -0.32% Airbnb Rental Income: $1480 Traditional Rental Income: $2453 Airbnb ROI: -2.48% Traditional ROI: -0.32%
811 Fairmount Street SE Grand Rapids, MI New Price! $374,900 - Updated East Hills Gem Near Wealthy Street Welcome to 811 Fairmount ...	4 beds \| 2 baths \| 2,159 sq.ft.	$374,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 4.57% Airbnb Rental Income: $2575 Traditional Rental Income: $2382 Airbnb ROI: 3.36% Traditional ROI: 4.57%
2517 N Wilson Avenue Royal Oak, MI Welcome to 2517 N. Wilson Ave! This clean and well-maintained bungalow perfectly blends o...	3 beds \| 1 baths \| 1,032 sq.ft.	$324,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.33% Airbnb Rental Income: $1438 Traditional Rental Income: $1591 Airbnb ROI: 0.43% Traditional ROI: 2.33%
1009 Adams Street SE Grand Rapids, MI Great starter home with 3 bedrooms, it has a main floor Primary with 2 bedrooms upstairs. ...	3 beds \| 2 baths \| 1,150 sq.ft.	$175,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 9.51% Airbnb Rental Income: $1605 Traditional Rental Income: $1977 Airbnb ROI: 4.54% Traditional ROI: 9.51%
108 Henderson Place Cadillac, MI Even more adorable and cozy than it looks! This turn key tiny home is well built, is full ...	1 beds \| 1 baths \| 400 sq.ft.	$149,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 2.87% Airbnb Rental Income: $540 Traditional Rental Income: $735 Airbnb ROI: -0.46% Traditional ROI: 2.87%
549 Detroit Street Au Gres, MI Over 88' of frontage along the Au Gres River awaits with this riverfront property! Just a ...	2 beds \| 1 baths \| 1,248 sq.ft.	$234,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 5.4% Airbnb Rental Income: $1406 Traditional Rental Income: $1785 Airbnb ROI: 1.78% Traditional ROI: 5.4%
2785 Island Lake Drive National City, MI Charming Cottage or Home on Big Island Lake. This home is in the seven lakes area which i...	2 beds \| 1 baths \| 848 sq.ft.	$199,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $1575 Airbnb ROI: N/A Traditional ROI: 5.87%
2839 Ruby Street Traverse City, MI Expertly crafted by Great Lake Construction, this brandnew home is designed for true first...	3 beds \| N/A baths \| 1,648 sq.ft.	$453,990	Airbnb cash on cash: 0.59% Traditional cash on cash: 3.54% Airbnb Rental Income: $1555 Traditional Rental Income: $2358 Airbnb ROI: 0.59% Traditional ROI: 3.54%
218 N Simons Street Cadillac, MI Location Location Location!!! This inviting 3 bed/2 bath home is conveniently located near...	3 beds \| 2 baths \| 1,390 sq.ft.	$169,900	Airbnb cash on cash: 4.26% Traditional cash on cash: 4.3% Airbnb Rental Income: $1569 Traditional Rental Income: $1125 Airbnb ROI: 4.26% Traditional ROI: 4.3%
3496 Pine Acres Road Glennie, MI Check out the new siding on the Garage! Super clean and ready for the next family to enjoy...	3 beds \| 1 baths \| 1,106 sq.ft.	$239,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 5.7% Airbnb Rental Income: $1372 Traditional Rental Income: $1717 Airbnb ROI: 2.34% Traditional ROI: 5.7%
303 N Williams Street Mancelona, MI Charming Duplex in Mancelona â Great Investment Opportunity! Discover this fantastic du...	N/A beds \| N/A baths \| 2,104 sq.ft.	$149,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 9.25% Airbnb Rental Income: $1501 Traditional Rental Income: $1838 Airbnb ROI: 3.81% Traditional ROI: 9.25%
388 Chalmers Street Detroit, MI Welcome to 388 Chalmers Street '' a beautifully updated 3-bedroom, 2-bath home just minute...	3 beds \| 3 baths \| 2,364 sq.ft.	$210,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 7.5% Airbnb Rental Income: $1140 Traditional Rental Income: $2086 Airbnb ROI: 0.85% Traditional ROI: 7.5%
659 Hastings Street Traverse City, MI Opportunity knocks in the heart of Traverse City! Just off the TART Trail, near the airpor...	2 beds \| 1 baths \| 996 sq.ft.	$250,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 4.73% Airbnb Rental Income: $1461 Traditional Rental Income: $1519 Airbnb ROI: 2.65% Traditional ROI: 4.73%
8553 Cloverlawn Street Detroit, MI Don't miss this beautifully renovated 3-bedroom, 1-bath brick ranch offering over 1,000 sq...	3 beds \| 1 baths \| 1,012 sq.ft.	$95,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 11.23% Airbnb Rental Income: $497 Traditional Rental Income: $1440 Airbnb ROI: -1.88% Traditional ROI: 11.23%
7203 Valley Honor, MI Nestled on 40 acres of pristine high ground and partially wooded land, this beautiful 3-be...	3 beds \| 1 baths \| 1,200 sq.ft.	$650,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 1.82% Airbnb Rental Income: $1696 Traditional Rental Income: $1825 Airbnb ROI: 0.83% Traditional ROI: 1.82%
1300 E LAFAYETTE Street #1509 Detroit, MI Welcome to your upper level luxurious lifestyle condo! The unit is located on the (15th fl...	1 beds \| 1 baths \| 800 sq.ft.	$75,000	Airbnb cash on cash: -6.86% Traditional cash on cash: 1.9% Airbnb Rental Income: $1209 Traditional Rental Income: $1468 Airbnb ROI: -6.86% Traditional ROI: 1.9%
16172 Oakfield Street Detroit, MI This renovated 3-bedroom, 1-bath home has everything you need and more! Step into a spacio...	3 beds \| 1 baths \| 1,250 sq.ft.	$145,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 9.41% Airbnb Rental Income: $727 Traditional Rental Income: $1674 Airbnb ROI: 0.36% Traditional ROI: 9.41%
206 Boardman Avenue Traverse City, MI Welcome to the coveted Brownstones in downtown Traverse City! This beautifully updated 2-b...	2 beds \| 3 baths \| 1,432 sq.ft.	$1,100,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.18% Airbnb Rental Income: $1461 Traditional Rental Income: $2465 Airbnb ROI: -0.23% Traditional ROI: 1.18%
751 Hunter Ridge Marion, MI Built in 2003, this stunning log home offers timeless warmth and character in a serene nat...	2 beds \| 2 baths \| 1,756 sq.ft.	$557,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $2658 Airbnb ROI: N/A Traditional ROI: 3.57%
135 Montgomery Road South Boardman, MI Invisible - This property is one of the most distinctive ranches in the Kalkaska County ar...	3 beds \| 2 baths \| 1,804 sq.ft.	$474,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 4.37% Airbnb Rental Income: $1023 Traditional Rental Income: $2610 Airbnb ROI: -0.01% Traditional ROI: 4.37%
2140 Chelsea Lane Traverse City, MI Enjoy peaceful living in this beautifully maintained 4-bedroom, 3-bath condo nestled in a ...	4 beds \| 3 baths \| 3,144 sq.ft.	$695,000	Airbnb cash on cash: 4.49% Traditional cash on cash: 3.66% Airbnb Rental Income: $4942 Traditional Rental Income: $3391 Airbnb ROI: 4.49% Traditional ROI: 3.66%
734 N Rolland Road Lake Isabella, MI Waterfront Retreat with Stunning Natural Light! This beautifully built home offers serene...	3 beds \| 2 baths \| 1,400 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $2390 Airbnb ROI: N/A Traditional ROI: 4.9%
64 Quimby Street NE Grand Rapids, MI Fantastic opportunity for investors or first-time homebuyers! Conveniently located near do...	4 beds \| 1 baths \| 1,356 sq.ft.	$208,900	Airbnb cash on cash: 8.13% Traditional cash on cash: 6.28% Airbnb Rental Income: $2753 Traditional Rental Income: $1739 Airbnb ROI: 8.13% Traditional ROI: 6.28%
607 66th Street SE Grand Rapids, MI Tucked away on a rare 1-acre city lot, this home offers space, privacy, and versatility. T...	3 beds \| N/A baths \| 1,228 sq.ft.	$299,999	Airbnb cash on cash: 1.01% Traditional cash on cash: 5.15% Airbnb Rental Income: $1395 Traditional Rental Income: $2141 Airbnb ROI: 1.01% Traditional ROI: 5.15%
335 Bridge Street NW unit: 3102 #3102 Grand Rapids, MI Set high above the city, this 4,100+ square foot penthouse offers sweeping panoramic skyli...	3 beds \| 3 baths \| 4,135 sq.ft.	$1,999,000	Airbnb cash on cash: -3.57% Traditional cash on cash: -2.37% Airbnb Rental Income: $1684 Traditional Rental Income: $3429 Airbnb ROI: -3.57% Traditional ROI: -2.37%
2313 4 Mile Road NE Grand Rapids, MI Modern comfort meets wooded tranquility. Nestled on a half-acre in Grand Rapids Township, ...	5 beds \| N/A baths \| 2,900 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $3678 Airbnb ROI: N/A Traditional ROI: 4.32%

Real Estate investment in Michigan

There are 22,963 properties available for sale in the state of Michigan. Palmyra, Cement City and Cassopolis are the best rental property markets in Michigan. The average median price of properties for sale in these cities are $300,383 and the average price per square foot is $0. Their average monthly cash on cash return is 6.00%.

Michigan Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22,963 investment properties available for sale in Michigan.

In 2025, Palmyra is the best city to buy investment properties. Find more investment properties today!

In 2025, Palmyra (8%) and Cement City (6%) has the highest cash on cash return for long term rentals in Michigan.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan

940 Monroe Avenue NW unit: 549 #549

Grand Rapids, MI

2 beds | 2 baths | 1,315 sq.ft.

$355,000

Airbnb cash on cash: -2.17%

Traditional cash on cash: 1.84%

Airbnb Rental Income: $1465

Traditional Rental Income: $2368

Airbnb ROI: -2.17%

Traditional ROI: 1.84%

1083 N Livernois Road

Rochester Hills, MI

3 beds | 4 baths | 2,848 sq.ft.

$625,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 3.34%

Airbnb Rental Income: $1301

Traditional Rental Income: $3261

Airbnb ROI: -0.71%

Traditional ROI: 3.34%

411 S Old Woodward Avenue #911

Birmingham, MI

1 beds | 1 baths | 519 sq.ft.

$275,000

Airbnb cash on cash: -2.16%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $887

Traditional Rental Income: $1219

Airbnb ROI: -2.16%

Traditional ROI: 0.42%

322 E HARRISON Avenue #18

Royal Oak, MI

2 beds | 2 baths | 1,129 sq.ft.

$334,900

Airbnb cash on cash: -2.09%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $1341

Traditional Rental Income: $1895

Airbnb ROI: -2.09%

Traditional ROI: 0.98%

1769 W Warren Avenue

Detroit, MI

5 beds | 2 baths | 2,238 sq.ft.

$385,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $703

Traditional Rental Income: $2131

Airbnb ROI: -0.56%

Traditional ROI: 4.25%

600 Monroe Avenue NW unit: 409 #409

Grand Rapids, MI

1 beds | 2 baths | 1,110 sq.ft.

$299,900

Airbnb cash on cash: -2.2%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $1199

Traditional Rental Income: $1724

Airbnb ROI: -2.2%

Traditional ROI: 1.04%

2644 Maplewood

Ann Arbor, MI

2 beds | 2 baths | 1,052 sq.ft.

$359,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 2.48%

Airbnb Rental Income: $1240

Traditional Rental Income: $1779

Airbnb ROI: -0.3%

Traditional ROI: 2.48%

1020 Miller Road

Plainwell, MI

3 beds | N/A baths | 2,412 sq.ft.

$375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2689

Airbnb ROI: N/A