Real Estate Investment Properties for Sale in Coldwater, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
374 Rohloff Drive Coldwater, MI Welcome to this well-maintained 1,540 SQFT ranch offering 3 bedrooms and 1.5 bathrooms. Th...	3 beds \| 2 baths \| 1,540 sq.ft.	$259,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 9.57% Airbnb Rental Income: $1201 Traditional Rental Income: $2868 Airbnb ROI: 1.18% Traditional ROI: 9.57%
360 Deerfield Drive Coldwater, MI 3 bed 2 bath modular home with new carpet, island kitchen, floor to ceiling cabinets, larg...	3 beds \| 2 baths \| 1,792 sq.ft.	$189,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 10.79% Airbnb Rental Income: $1201 Traditional Rental Income: $2434 Airbnb ROI: 1.8% Traditional ROI: 10.79%
185 Bluegill Lane Coldwater, MI Welcome to this beautifully renovated waterfront cottage on all-sports Messenger Lake, par...	2 beds \| 1 baths \| 742 sq.ft.	$269,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 4.15% Airbnb Rental Income: $938 Traditional Rental Income: $1574 Airbnb ROI: 0.29% Traditional ROI: 4.15%
498 Warren Road Coldwater, MI *COLDWATER LAKE WATERFRONT! Bring your water toys and start enjoying this amazing Lakefron...	3 beds \| 2 baths \| 1,600 sq.ft.	$499,000	Airbnb cash on cash: -1% Traditional cash on cash: 3.44% Airbnb Rental Income: $1201 Traditional Rental Income: $2885 Airbnb ROI: -1% Traditional ROI: 3.44%
716 Third Drive Coldwater, MI COLDWATER LAKE-DEEDED ACCESS Looking for an affordable way to get on the lake? This plac...	2 beds \| 1 baths \| 920 sq.ft.	$165,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 7.85% Airbnb Rental Income: $938 Traditional Rental Income: $1651 Airbnb ROI: 1.13% Traditional ROI: 7.85%
545 Lake Drive Coldwater, MI Location, Location, Location! Welcome to your Coldwater Lake getaway -- where endless summ...	5 beds \| 4 baths \| 2,960 sq.ft.	$699,900	Airbnb cash on cash: 3.51% Traditional cash on cash: 4.99% Airbnb Rental Income: $4391 Traditional Rental Income: $4438 Airbnb ROI: 3.51% Traditional ROI: 4.99%
23 Arrowhead Drive Coldwater, MI Seller is motivated and will entertain offers! Your chance to own this 4 bedroom, 3 bath h...	4 beds \| 3 baths \| 2,612 sq.ft.	$485,000	Airbnb cash on cash: 4.12% Traditional cash on cash: 4.29% Airbnb Rental Income: $3948 Traditional Rental Income: $3179 Airbnb ROI: 4.12% Traditional ROI: 4.29%
21 Sheridan Street Coldwater, MI Welcome to this beautiful 3-bedroom, 2-bath home featuring a spacious open-concept floor p...	3 beds \| 2 baths \| 1,318 sq.ft.	$205,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 8.51% Airbnb Rental Income: $1201 Traditional Rental Income: $2188 Airbnb ROI: 1.43% Traditional ROI: 8.51%
10 Fairfield Drive Coldwater, MI OPEN HOUSE TODAY! July 7th from 5-7 pm. This meticulously maintained 5-bedroom, 3-bath hom...	5 beds \| 3 baths \| 2,630 sq.ft.	$332,000	Airbnb cash on cash: 8.69% Traditional cash on cash: 9.02% Airbnb Rental Income: $4391 Traditional Rental Income: $3573 Airbnb ROI: 8.69% Traditional ROI: 9.02%
757 Tomahawk Trail Coldwater, MI Spacious and beautifully maintained 5-bedroom, 3-bath ranch home offering over 3,500 squar...	5 beds \| 3 baths \| 3,500 sq.ft.	$549,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 2.54% Airbnb Rental Income: $4391 Traditional Rental Income: $2792 Airbnb ROI: 3.86% Traditional ROI: 2.54%
270 Kathy Drive Coldwater, MI Enjoy the perfect blend of privacy and lake living with this charming 3-bedroom, 2-bath ho...	3 beds \| 2 baths \| 1,216 sq.ft.	$194,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 7.04% Airbnb Rental Income: $1201 Traditional Rental Income: $1859 Airbnb ROI: 1.38% Traditional ROI: 7.04%
56 Thompson Boulevard Coldwater, MI SELLER OFFERING 2% CLOSING COST CONCESSION!! New construction 3 bedroom, 2 bath home in Th...	3 beds \| 2 baths \| 3,000 sq.ft.	$299,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.55% Airbnb Rental Income: $1201 Traditional Rental Income: $2089 Airbnb ROI: 0.02% Traditional ROI: 4.55%
121 S Jefferson Street Coldwater, MI Step into the timeless character of the 1880s while enjoying the comfort and style of exte...	3 beds \| 2 baths \| 2,443 sq.ft.	$215,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 5.93% Airbnb Rental Income: $1201 Traditional Rental Income: $1783 Airbnb ROI: 1.16% Traditional ROI: 5.93%
686 Leonard Drive Coldwater, MI Wake up every day to postcard-worthy views of Morrison Lake and the beautifully manicured ...	5 beds \| 4 baths \| 5,743 sq.ft.	$779,900	Airbnb cash on cash: 2.54% Traditional cash on cash: 3.38% Airbnb Rental Income: $4391 Traditional Rental Income: $4083 Airbnb ROI: 2.54% Traditional ROI: 3.38%
450 Sycamore Drive Coldwater, MI LONG LAKE! Shady Oaks Golf Cart Community! 5 Bedrooms, 2 Full Bath Home with extra sleepin...	5 beds \| 2 baths \| 1,500 sq.ft.	$369,000	Airbnb cash on cash: 7.7% Traditional cash on cash: 5.14% Airbnb Rental Income: $4391 Traditional Rental Income: $2583 Airbnb ROI: 7.7% Traditional ROI: 5.14%
242 Bickford Drive Coldwater, MI Escape to this completely remodeled 2 bedrooms, 1 bath Gem on channel to Bartholomew Lake....	2 beds \| 1 baths \| 1,000 sq.ft.	$269,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 3.55% Airbnb Rental Income: $938 Traditional Rental Income: $1633 Airbnb ROI: -0.55% Traditional ROI: 3.55%
566 Lake Drive #A Coldwater, MI Coldwater Lakefront Condo - Walk right out your back door to the Lake and enjoy summer! Th...	2 beds \| 2 baths \| 1,100 sq.ft.	$369,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 2.3% Airbnb Rental Income: $938 Traditional Rental Income: $1959 Airbnb ROI: -1.64% Traditional ROI: 2.3%
734 N Hawley Drive Coldwater, MI Waterfront Opportunity with a Double-Lot on Morrison Lake! Unlock the full potential of la...	3 beds \| 1 baths \| 1,600 sq.ft.	$369,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 4.38% Airbnb Rental Income: $1201 Traditional Rental Income: $2146 Airbnb ROI: 0.54% Traditional ROI: 4.38%
911 Dragon Shores Drive Coldwater, MI Welcome to your adorable lakefront getaway on beautiful Dragon Lake! This charming 2 bedro...	2 beds \| 1 baths \| 980 sq.ft.	$319,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 3.11% Airbnb Rental Income: $938 Traditional Rental Income: $1770 Airbnb ROI: -0.81% Traditional ROI: 3.11%
600 One Straight Drive Coldwater, MI Welcome to this beautiful one-story home by Bob Buescher Homes, perfectly situated on the ...	4 beds \| 4 baths \| 4,820 sq.ft.	$749,900	Airbnb cash on cash: 2.5% Traditional cash on cash: 3.17% Airbnb Rental Income: $3948 Traditional Rental Income: $3571 Airbnb ROI: 2.5% Traditional ROI: 3.17%
268 Paradise Island Drive Coldwater, MI Summer weather is officially here! Are you ready for the lake? Escape to your own peaceful...	1 beds \| 1 baths \| 556 sq.ft.	$150,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 7.61% Airbnb Rental Income: $578 Traditional Rental Income: $1442 Airbnb ROI: -0.4% Traditional ROI: 7.61%
370 Bishop Avenue Coldwater, MI Welcome to this exquisite custom-built Bob Buescher Home. Located in one of the area's mos...	5 beds \| 4 baths \| 3,517 sq.ft.	$564,900	Airbnb cash on cash: 4.4% Traditional cash on cash: 5.35% Airbnb Rental Income: $4391 Traditional Rental Income: $3975 Airbnb ROI: 4.4% Traditional ROI: 5.35%
243 E Rose Road Coldwater, MI Welcome to your dream waterfront retreat on beautiful Rose Lake! This stunning 3-bedroom, ...	3 beds \| 2 baths \| 2,000 sq.ft.	$579,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.89% Airbnb Rental Income: $1201 Traditional Rental Income: $3023 Airbnb ROI: -0.2% Traditional ROI: 3.89%
377 Marshall Street Coldwater, MI This beautifully renovated 2 bedroom, 1 bath home in Coldwater offers modern comfort with ...	2 beds \| 1 baths \| 733 sq.ft.	$169,800	Airbnb cash on cash: 1.3% Traditional cash on cash: 7.9% Airbnb Rental Income: $938 Traditional Rental Income: $1661 Airbnb ROI: 1.3% Traditional ROI: 7.9%
740 N Hawley Drive Coldwater, MI Enjoy lake living on beautiful Morrison Lake with this well-maintained 2-bedroom, 2-bath h...	2 beds \| 2 baths \| 3,174 sq.ft.	$459,950	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.5% Airbnb Rental Income: $938 Traditional Rental Income: $2767 Airbnb ROI: -0.55% Traditional ROI: 4.5%
232 Lyn Brook Drive Coldwater, MI Nice Ranch home in neighborhood with association access and docking privileges to Morrison...	4 beds \| 2 baths \| 2,500 sq.ft.	$339,900	Airbnb cash on cash: 7.78% Traditional cash on cash: 7.67% Airbnb Rental Income: $3948 Traditional Rental Income: $3067 Airbnb ROI: 7.78% Traditional ROI: 7.67%
7 Arrowhead Drive Coldwater, MI ARROWHEAD SUBDIVISION* LARGE PRICE REDUCTION!!!* MOTIVATED SELLERS! Bring offers!! Welcome...	3 beds \| 2 baths \| 1,854 sq.ft.	$455,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.34% Airbnb Rental Income: $1201 Traditional Rental Income: $2834 Airbnb ROI: 0.59% Traditional ROI: 5.34%
564 Lake Drive Coldwater, MI COLDWATER LAKE WATERFRONT You have to see this home in person to see how much space it...	5 beds \| 2 baths \| 2,894 sq.ft.	$949,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 1.71% Airbnb Rental Income: $4391 Traditional Rental Income: $3181 Airbnb ROI: 2.03% Traditional ROI: 1.71%
122 N Hudson Street Coldwater, MI OPEN HOUSE: SATURDAY, APRIL 11 FROM NOON - 2PM. Don't miss this Beautiful home that was re...	3 beds \| 2 baths \| 2,238 sq.ft.	$274,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 7.97% Airbnb Rental Income: $1201 Traditional Rental Income: $2783 Airbnb ROI: 0.34% Traditional ROI: 7.97%
416 W Russell Drive Coldwater, MI Discover the perfect lakeside escape with this charming 2-bedroom, 1-bath cottage on Long ...	2 beds \| 1 baths \| 960 sq.ft.	$359,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 2.56% Airbnb Rental Income: $938 Traditional Rental Income: $1644 Airbnb ROI: -0.56% Traditional ROI: 2.56%
345 N Fremont Road Coldwater, MI Escape to peaceful country living with this beautifully maintained 3 bedrooms, 2.5 bath br...	3 beds \| 3 baths \| 1,327 sq.ft.	$335,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 4.99% Airbnb Rental Income: $1201 Traditional Rental Income: $2203 Airbnb ROI: 0.57% Traditional ROI: 4.99%
437 Kenaston Drive Coldwater, MI Coldwater Lake-Shawnee Shoals This amazing 3 bedroom and 2.5 bath home has association w...	3 beds \| 3 baths \| 1,890 sq.ft.	$329,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 7.05% Airbnb Rental Income: $1201 Traditional Rental Income: $2881 Airbnb ROI: 0.37% Traditional ROI: 7.05%
231 Aaron Drive Coldwater, MI Welcome Home! Beautiful Bob Buescher built, move-in ready home offering comfort, style, an...	5 beds \| 3 baths \| 2,336 sq.ft.	$449,000	Airbnb cash on cash: 5.96% Traditional cash on cash: 4.3% Airbnb Rental Income: $4391 Traditional Rental Income: $2775 Airbnb ROI: 5.96% Traditional ROI: 4.3%

Real Estate investment in Coldwater, MI

There are 84 properties for sale in the city of Coldwater . The median list price in Coldwater is $230,862 and the average price per square foot is $121. In July 2026, the average monthly cash on cash return in Coldwater is 6.00%. The average monthly rental income in Coldwater is $2,525.

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

There are 84 investment properties available for sale in Coldwater.

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

The ROI for Long-Term is higher than the Short-Term in Coldwater with average rental income of $2,525.

Your search for investment property begins and ends here

Investment Property for Sale in Coldwater, MI

374 Rohloff Drive

Coldwater, MI

3 beds | 2 baths | 1,540 sq.ft.

$259,900

Airbnb cash on cash: 1.18%

Traditional cash on cash: 9.57%

Airbnb Rental Income: $1201

Traditional Rental Income: $2868

Airbnb ROI: 1.18%

Traditional ROI: 9.57%

360 Deerfield Drive

Coldwater, MI

3 beds | 2 baths | 1,792 sq.ft.

$189,900

Airbnb cash on cash: 1.8%

Traditional cash on cash: 10.79%

Airbnb Rental Income: $1201

Traditional Rental Income: $2434

Airbnb ROI: 1.8%

Traditional ROI: 10.79%

185 Bluegill Lane

Coldwater, MI

2 beds | 1 baths | 742 sq.ft.

$269,900

Airbnb cash on cash: 0.29%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $938

Traditional Rental Income: $1574

Airbnb ROI: 0.29%

Traditional ROI: 4.15%

498 Warren Road

Coldwater, MI

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

$499,000

Airbnb cash on cash: -1%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $1201

Traditional Rental Income: $2885

Airbnb ROI: -1%

Traditional ROI: 3.44%

716 Third Drive

Coldwater, MI

2 beds | 1 baths | 920 sq.ft.

$165,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 7.85%

Airbnb Rental Income: $938

Traditional Rental Income: $1651

Airbnb ROI: 1.13%

Traditional ROI: 7.85%

545 Lake Drive

Coldwater, MI

5 beds | 4 baths | 2,960 sq.ft.

$699,900

Airbnb cash on cash: 3.51%

Traditional cash on cash: 4.99%

Airbnb Rental Income: $4391

Traditional Rental Income: $4438

Airbnb ROI: 3.51%

Traditional ROI: 4.99%

23 Arrowhead Drive

Coldwater, MI

4 beds | 3 baths | 2,612 sq.ft.

$485,000

Airbnb cash on cash: 4.12%

Traditional cash on cash: 4.29%

Airbnb Rental Income: $3948

Traditional Rental Income: $3179

Airbnb ROI: 4.12%

Traditional ROI: 4.29%

21 Sheridan Street

Coldwater, MI

3 beds | 2 baths | 1,318 sq.ft.

$205,000

Airbnb cash on cash: 1.43%

Traditional cash on cash: 8.51%

Airbnb Rental Income: $1201

Traditional Rental Income: $2188

Airbnb ROI: 1.43%