Real Estate Investment Properties for Sale in Coloma, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6950 Shore Drive Coloma, MI Look! Paw Paw Lake. Beautifully updated waterfront property. Enjoy the gorgeous renovated ...	2 beds \| 2 baths \| 1,304 sq.ft.	$615,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.76% Airbnb Rental Income: $1389 Traditional Rental Income: $2253 Airbnb ROI: -0.47% Traditional ROI: 1.76%
189 Banks Street Coloma, MI This property may also be marketed VIA an auction event at https://www.hubzu.com(void wher...	3 beds \| 1 baths \| 1,497 sq.ft.	$199,900	Airbnb cash on cash: 3.62% Traditional cash on cash: 6.58% Airbnb Rental Income: $1586 Traditional Rental Income: $1693 Airbnb ROI: 3.62% Traditional ROI: 6.58%
6905 Blue Star Highway Coloma, MI Fantastic investment opportunity! This cozy yet spacious turn-key ranch perched on 6 gorgo...	2 beds \| 1 baths \| 1,488 sq.ft.	$495,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 1.48% Airbnb Rental Income: $1389 Traditional Rental Income: $1565 Airbnb ROI: 0.2% Traditional ROI: 1.48%
236 E St Joseph Street Coloma, MI Welcome to 236 E St Joseph Ave - Your Coloma Retreat Awaits! This charming 3-bedroom, 2-ba...	3 beds \| 2 baths \| 1,848 sq.ft.	$350,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.88% Airbnb Rental Income: $1586 Traditional Rental Income: $2390 Airbnb ROI: 1.05% Traditional ROI: 4.88%
157 Elvern Drive Coloma, MI Location, Location they say.....this duplex is located in a quiet and private neighborhood...	N/A beds \| N/A baths \| N/A	$262,000	Airbnb cash on cash: -1.6% Traditional cash on cash: 2.41% Airbnb Rental Income: $831 Traditional Rental Income: $1497 Airbnb ROI: -1.6% Traditional ROI: 2.41%
5873 Harding Street Coloma, MI Located just one mile from the pristine shores of Lake Michigan, this unique property offe...	2 beds \| 1 baths \| 896 sq.ft.	$169,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 5.31% Airbnb Rental Income: $1389 Traditional Rental Income: $1258 Airbnb ROI: 3.52% Traditional ROI: 5.31%
3067 Birch Avenue Coloma, MI Step into a proven, income-generating lakeside retreatâjust moments from the turquoise s...	5 beds \| 2 baths \| 2,094 sq.ft.	$525,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 3.31% Airbnb Rental Income: $2643 Traditional Rental Income: $2362 Airbnb ROI: 2.6% Traditional ROI: 3.31%
5788 M 63 Coloma, MI Experience the pinnacle of Lake Michigan living in this custom Lindal Cedar retreat, boast...	4 beds \| 5 baths \| 5,459 sq.ft.	$2,995,000	Airbnb cash on cash: -1.15% Traditional cash on cash: -0.55% Airbnb Rental Income: $2868 Traditional Rental Income: $3890 Airbnb ROI: -1.15% Traditional ROI: -0.55%
80150 46th Avenue Coloma, MI Modern comfort meets country charm. This beautuifully updated 3bedroom 2 bath ranch offers...	3 beds \| 2 baths \| 1,445 sq.ft.	$317,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.21% Airbnb Rental Income: $1586 Traditional Rental Income: $2145 Airbnb ROI: 0.82% Traditional ROI: 4.21%
5344 Paw Paw Lake Road Coloma, MI Lake view & lake life. The Herons Nest House on Paw Paw Lake is the perfect spot for a wee...	3 beds \| 2 baths \| 2,500 sq.ft.	$349,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.5% Airbnb Rental Income: $1586 Traditional Rental Income: $2609 Airbnb ROI: 1% Traditional ROI: 5.5%
5566 Paw Paw Lake Road Coloma, MI DISCOVER THIS EXCEPTIONAL PROPERTY FEATURING TWO COMPLETELY REBUILT HOMES (2023), EACH OFF...	N/A beds \| N/A baths \| N/A	$850,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 0.95% Airbnb Rental Income: $831 Traditional Rental Income: $2006 Airbnb ROI: -0.95% Traditional ROI: 0.95%
5505 Lakewood Drive Coloma, MI Lakefront on Paw Paw! This 4-bed, 2.5-bath home offers 40 feet of direct frontage on one o...	4 beds \| 3 baths \| 2,306 sq.ft.	$691,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.02% Airbnb Rental Income: $2868 Traditional Rental Income: $3541 Airbnb ROI: 1.94% Traditional ROI: 4.02%
6968 Wil O Paw Road Coloma, MI Look! Paw Paw Lake!! Beautiful 3 bedroom, 2 bath home with 165 ft. of waterfront and perma...	3 beds \| 2 baths \| 1,306 sq.ft.	$649,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.03% Airbnb Rental Income: $1586 Traditional Rental Income: $2297 Airbnb ROI: 0.11% Traditional ROI: 2.03%
5410 Country Aire Drive #14 Coloma, MI This Paw Paw Lake Condo in Country Aire is just right! Picture your family boating, skiing...	2 beds \| 2 baths \| 951 sq.ft.	$300,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.7% Airbnb Rental Income: $1389 Traditional Rental Income: $1813 Airbnb ROI: -0.29% Traditional ROI: 2.7%
260 W Saint Joseph Street Coloma, MI Located in Coloma this has so much to offer a large living room main floor laundry large g...	2 beds \| 2 baths \| 1,434 sq.ft.	$180,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 8.24% Airbnb Rental Income: $1389 Traditional Rental Income: $1958 Airbnb ROI: 2.47% Traditional ROI: 8.24%
7881 Lakewood Drive Coloma, MI Lakefront Living at Its Finest - 80 Feet of Prime Waterfront! Welcome to your dream retrea...	4 beds \| 6 baths \| 4,253 sq.ft.	$3,200,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.39% Airbnb Rental Income: $2868 Traditional Rental Income: $7916 Airbnb ROI: -0.53% Traditional ROI: 1.39%
6820 Cherry Street Coloma, MI Just 1 block from Little Paw Paw Lake, you;ll find this quaint 3 bedroom, 1 bath ranch on ...	3 beds \| 1 baths \| 1,124 sq.ft.	$160,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 8.5% Airbnb Rental Income: $1586 Traditional Rental Income: $1661 Airbnb ROI: 5.04% Traditional ROI: 8.5%
2877 Bessemer Road Coloma, MI Enjoy the perfect blend of tranquil country living and convenient access to Lake Michigan ...	3 beds \| 2 baths \| 1,700 sq.ft.	$415,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 4.51% Airbnb Rental Income: $1586 Traditional Rental Income: $2380 Airbnb ROI: 1.3% Traditional ROI: 4.51%
2900 Boyer Road Coloma, MI Fall in Love with Cherry Hill Farm - Welcome to Cherry Hill Farm, a unique stunning and se...	5 beds \| 4 baths \| 3,817 sq.ft.	$625,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 4.58% Airbnb Rental Income: $2643 Traditional Rental Income: $4067 Airbnb ROI: 1.06% Traditional ROI: 4.58%
6828 First Avenue Coloma, MI Across the street from the Channel & just two blocks from Paw Paw Lake boat launch. A clas...	4 beds \| 3 baths \| 1,630 sq.ft.	$359,900	Airbnb cash on cash: 4.23% Traditional cash on cash: 5.55% Airbnb Rental Income: $2868 Traditional Rental Income: $2649 Airbnb ROI: 4.23% Traditional ROI: 5.55%
5081 Woodward Avenue Coloma, MI Spacious 3-bedroom, 2-bath ranch offering nearly 2,000 sq. ft. of comfortable living space...	3 beds \| 2 baths \| 1,986 sq.ft.	$285,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 6.74% Airbnb Rental Income: $1586 Traditional Rental Income: $2522 Airbnb ROI: 1.56% Traditional ROI: 6.74%
45284 Co Rd 703 Coloma, MI Your private retreat awaits! This one-owner ranch-style home sits on a serene 20-acre parc...	4 beds \| 3 baths \| 2,332 sq.ft.	$599,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 3.46% Airbnb Rental Income: $2868 Traditional Rental Income: $2800 Airbnb ROI: 2.39% Traditional ROI: 3.46%
6128 M-63 Coloma, MI Unlock the potential of this proven income-producing property just minutes from the sparkl...	N/A beds \| N/A baths \| N/A	$535,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1% Airbnb Rental Income: $831 Traditional Rental Income: $1561 Airbnb ROI: -1.12% Traditional ROI: 1%
7208 Johnson Road Coloma, MI Move right into this very well maintained home in Coloma township. 5 acres of peaceful pri...	3 beds \| 2 baths \| 2,400 sq.ft.	$375,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.09% Airbnb Rental Income: $1586 Traditional Rental Income: $2513 Airbnb ROI: 1.17% Traditional ROI: 5.09%
5480 Newton Avenue Coloma, MI Absolutely beautiful 4 bedroom 2.5 bath ranch style home updated inside and out, complete ...	4 beds \| 3 baths \| 1,600 sq.ft.	$359,900	Airbnb cash on cash: 4.56% Traditional cash on cash: 6.27% Airbnb Rental Income: $2868 Traditional Rental Income: $2779 Airbnb ROI: 4.56% Traditional ROI: 6.27%
7039 Curtis Drive Coloma, MI Welcome to this well-maintained brick duplex offering endless possibilities for owner-occu...	N/A beds \| N/A baths \| N/A	$265,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 0.75% Airbnb Rental Income: $831 Traditional Rental Income: $813 Airbnb ROI: -0.49% Traditional ROI: 0.75%
2952 W Bundy Road Coloma, MI Spacious 3 bedroom/3 full bath home close to Lake Michigan! This is the first time on the ...	3 beds \| 3 baths \| 1,700 sq.ft.	$275,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 7.53% Airbnb Rental Income: $1586 Traditional Rental Income: $2472 Airbnb ROI: 2.36% Traditional ROI: 7.53%
3436 Red Arrow Hwy Coloma, MI First time on the market, this home was built and lived in by the same owners until they p...	3 beds \| 2 baths \| 1,200 sq.ft.	$329,500	Airbnb cash on cash: 1.77% Traditional cash on cash: 4.39% Airbnb Rental Income: $1586 Traditional Rental Income: $1946 Airbnb ROI: 1.77% Traditional ROI: 4.39%
6167 E Becht Road Coloma, MI ~ Updated Country Dream Home ~~ 864 SF Pole Barn ~* Less than 10 minutes from Public Lak...	3 beds \| 2 baths \| 1,458 sq.ft.	$249,900	Airbnb cash on cash: 2.8% Traditional cash on cash: 4.44% Airbnb Rental Income: $1586 Traditional Rental Income: $1521 Airbnb ROI: 2.8% Traditional ROI: 4.44%
5248 Coloma Road Coloma, MI Nestled on over 5 acres with a massive pole barn and two additional outbuildings, this hom...	4 beds \| 1 baths \| 2,216 sq.ft.	$299,000	Airbnb cash on cash: 5.66% Traditional cash on cash: 4.65% Airbnb Rental Income: $2868 Traditional Rental Income: $1915 Airbnb ROI: 5.66% Traditional ROI: 4.65%
6754 Paw Paw Avenue Coloma, MI 3 bedroom, 2 bathroom manufactured home. Added value that this property is one of very few...	3 beds \| 2 baths \| 1,254 sq.ft.	$239,500	Airbnb cash on cash: 2.73% Traditional cash on cash: 4.44% Airbnb Rental Income: $1586 Traditional Rental Income: $1521 Airbnb ROI: 2.73% Traditional ROI: 4.44%
6845 Rosemary Drive Coloma, MI This attractive brick ranch with a stone front is move-in ready. The home features hardwoo...	2 beds \| 3 baths \| 1,475 sq.ft.	$230,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 7.81% Airbnb Rental Income: $1389 Traditional Rental Income: $2197 Airbnb ROI: 2.17% Traditional ROI: 7.81%
5544 Wendzel Drive Coloma, MI Welcome to this beautifully maintained 3 bedroom, 2 bathroom ranch home located in the hea...	3 beds \| 2 baths \| 2,300 sq.ft.	$229,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 9.04% Airbnb Rental Income: $1586 Traditional Rental Income: $2567 Airbnb ROI: 2.45% Traditional ROI: 9.04%

Real Estate investment in Coloma, MI

There are 33 properties for sale in the city of Coloma . The median list price in Coloma is $329,500 and the average price per square foot is $168. In September 2025, the average monthly cash on cash return in Coloma is 5.00%. The average monthly rental income in Coloma is $2,268.

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

There are 33 investment properties available for sale in Coloma.

In 2025, the best neighborhood to buy investment property is Coloma.

The ROI for Long-Term is higher than the Short-Term in Coloma with average rental income of $2,268.

Your search for investment property begins and ends here

Investment Property for Sale in Coloma, MI

6950 Shore Drive

Coloma, MI

2 beds | 2 baths | 1,304 sq.ft.

$615,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 1.76%

Airbnb Rental Income: $1389

Traditional Rental Income: $2253

Airbnb ROI: -0.47%

Traditional ROI: 1.76%

189 Banks Street

Coloma, MI

3 beds | 1 baths | 1,497 sq.ft.

$199,900

Airbnb cash on cash: 3.62%

Traditional cash on cash: 6.58%

Airbnb Rental Income: $1586

Traditional Rental Income: $1693

Airbnb ROI: 3.62%

Traditional ROI: 6.58%

6905 Blue Star Highway

Coloma, MI

2 beds | 1 baths | 1,488 sq.ft.

$495,000

Airbnb cash on cash: 0.2%

Traditional cash on cash: 1.48%

Airbnb Rental Income: $1389

Traditional Rental Income: $1565

Airbnb ROI: 0.2%

Traditional ROI: 1.48%

236 E St Joseph Street

Coloma, MI

3 beds | 2 baths | 1,848 sq.ft.

$350,000

Airbnb cash on cash: 1.05%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1586

Traditional Rental Income: $2390

Airbnb ROI: 1.05%

Traditional ROI: 4.88%

157 Elvern Drive

Coloma, MI

N/A beds | N/A baths | N/A

$262,000

Airbnb cash on cash: -1.6%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $831

Traditional Rental Income: $1497

Airbnb ROI: -1.6%

Traditional ROI: 2.41%

5873 Harding Street

Coloma, MI

2 beds | 1 baths | 896 sq.ft.

$169,900

Airbnb cash on cash: 3.52%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1389

Traditional Rental Income: $1258

Airbnb ROI: 3.52%

Traditional ROI: 5.31%

3067 Birch Avenue

Coloma, MI

5 beds | 2 baths | 2,094 sq.ft.

$525,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $2643

Traditional Rental Income: $2362

Airbnb ROI: 2.6%

Traditional ROI: 3.31%

5788 M 63

Coloma, MI

4 beds | 5 baths | 5,459 sq.ft.

$2,995,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: -0.55%

Airbnb Rental Income: $2868

Traditional Rental Income: $3890

Airbnb ROI: -1.15%