Real Estate Investment Properties for Sale in Elmira, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6551 M-32 Elmira, MI Discover peaceful country living in this 3-bedroom home set on a serene 10-acre wooded lot...	3 beds \| 1 baths \| 1,867 sq.ft.	$274,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 4.6% Airbnb Rental Income: $1028 Traditional Rental Income: $1933 Airbnb ROI: -0.3% Traditional ROI: 4.6%
7060 Strawberry Lane Elmira, MI Price Improvement!......Motivated Seller!!!!! Welcome to your private Northern Michigan re...	4 beds \| 3 baths \| 2,432 sq.ft.	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.98% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 5.98%
3091 US-131, S Elmira, MI Privacy Awaits in this Spacious Northern Michigan Retreat. Welcome to this beautifully mai...	4 beds \| 3 baths \| 3,260 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.95% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 6.95%
9860 Bingham Road Elmira, MI Take a look at this rare opportunity to own a beautiful home on the exclusive Huffman Lake...	3 beds \| 2 baths \| 1,790 sq.ft.	$499,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 4.06% Airbnb Rental Income: $1028 Traditional Rental Income: $2966 Airbnb ROI: -0.86% Traditional ROI: 4.06%
8456 Torreyhill Court Elmira, MI Tucked away on a quiet cul-de-sac in Lakes of the North, this meticulously maintained 3-be...	3 beds \| 3 baths \| 1,800 sq.ft.	$340,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 6% Airbnb Rental Income: $1028 Traditional Rental Income: $2616 Airbnb ROI: -0.1% Traditional ROI: 6%
5597 Sunridge Drive Elmira, MI	3 beds \| 1 baths \| 1,131 sq.ft.	$225,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 5.82% Airbnb Rental Income: $1028 Traditional Rental Income: $1868 Airbnb ROI: 0.18% Traditional ROI: 5.82%
9927 Pinehurst Elmira, MI Welcome to "Up North" living. You will want to see this beautifully appointed "cabin feel"...	3 beds \| 3 baths \| 1,600 sq.ft.	$359,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 6.65% Airbnb Rental Income: $1028 Traditional Rental Income: $2889 Airbnb ROI: 0.07% Traditional ROI: 6.65%
8361 BROOKFIELD DRIVE Elmira, MI Looking for privacy? You've found it! This serene property offers 117 feet of quiet front...	2 beds \| 1 baths \| 980 sq.ft.	$139,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 8.94% Airbnb Rental Income: $870 Traditional Rental Income: $1496 Airbnb ROI: 1.74% Traditional ROI: 8.94%
11190 OLDS Elmira, MI Priced to sell! Your Northern Michigan Retreat Awaits Hobby Farm, Hunting Haven, or Priva...	4 beds \| 2 baths \| 2,200 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $2671 Airbnb ROI: N/A Traditional ROI: 5.76%
11730 Crossbow Drive Elmira, MI Over and an acre AND a pole barn? Here's the one for you. Great home with the perfect mix ...	3 beds \| N/A baths \| 1,836 sq.ft.	$264,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 9.91% Airbnb Rental Income: $1028 Traditional Rental Income: $2996 Airbnb ROI: 0.59% Traditional ROI: 9.91%
1465 Allen Elmira, MI Off-Grid Hunterâs Paradise â 20 Acres of Prime Wildlife Habitat Escape to your own sec...	2 beds \| 1 baths \| 798 sq.ft.	$135,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 8.13% Airbnb Rental Income: $870 Traditional Rental Income: $1472 Airbnb ROI: 0.91% Traditional ROI: 8.13%
5049 SNOWRIDGE Elmira, MI Tucked away in the desirable Lakes of the North community, this charming 2x6-constructed C...	3 beds \| 2 baths \| 1,470 sq.ft.	$249,900	Airbnb cash on cash: 0.51% Traditional cash on cash: 7.41% Airbnb Rental Income: $1028 Traditional Rental Income: $2298 Airbnb ROI: 0.51% Traditional ROI: 7.41%
6836 Wrenwood Drive Elmira, MI Beautiful 4-bedroom, 3-bath home on 2 acres with in-floor heat throughout, gorgeous wood f...	4 beds \| 3 baths \| 4,160 sq.ft.	$690,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $3548 Airbnb ROI: N/A Traditional ROI: 4.31%
2394 CHARLES Elmira, MI Cute and move in ready. Perfect for first time buyer or someone downsizing. Minutes to Gay...	2 beds \| 1 baths \| 864 sq.ft.	$174,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 7.02% Airbnb Rental Income: $870 Traditional Rental Income: $1493 Airbnb ROI: 1.28% Traditional ROI: 7.02%
5251 Pinecrest Drive Elmira, MI Welcome to your Northern Michigan getaway! This 3-bedroom, 2-bath ranch sits on just under...	3 beds \| 2 baths \| 1,290 sq.ft.	$245,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 7.98% Airbnb Rental Income: $1028 Traditional Rental Income: $2361 Airbnb ROI: 0.67% Traditional ROI: 7.98%
5062 Wildwood Drive Elmira, MI Charming 3-bedroom, 2-bath home in Lakes of the North! This inviting property features an ...	3 beds \| 2 baths \| 1,244 sq.ft.	$299,900	Airbnb cash on cash: 1.02% Traditional cash on cash: 6.89% Airbnb Rental Income: $1028 Traditional Rental Income: $2326 Airbnb ROI: 1.02% Traditional ROI: 6.89%
7020 Hollyglen Drive Elmira, MI This 4 BR, 2 Bath home is well cared for and sits on a 4 parcel lot for added privacy. The...	4 beds \| 2 baths \| 2,710 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.2% Airbnb Rental Income: $null Traditional Rental Income: $3021 Airbnb ROI: N/A Traditional ROI: 9.2%
10114 Berry Trail Elmira, MI Tucked on a hill, perched above Huffman Lake for beautiful views year-round, this 3 bed, 3...	3 beds \| 3 baths \| 2,800 sq.ft.	$325,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 9.11% Airbnb Rental Income: $1028 Traditional Rental Income: $3402 Airbnb ROI: 0.17% Traditional ROI: 9.11%

Real Estate investment in Elmira, MI

There are 18 properties for sale in the city of Elmira . The median list price in Elmira is $269,450 and the average price per square foot is $145. In September 2025, the average monthly cash on cash return in Elmira is 7.00%. The average monthly rental income in Elmira is $2,344.

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

There are 18 investment properties available for sale in Elmira.

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

The ROI for Long-Term is higher than the Short-Term in Elmira with average rental income of $2,344.

Your search for investment property begins and ends here

Investment Property for Sale in Elmira, MI

6551 M-32

Elmira, MI

3 beds | 1 baths | 1,867 sq.ft.

$274,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1028

Traditional Rental Income: $1933

Airbnb ROI: -0.3%

Traditional ROI: 4.6%

7060 Strawberry Lane

Elmira, MI

4 beds | 3 baths | 2,432 sq.ft.

$309,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.98%

Airbnb Rental Income: $null

Traditional Rental Income: $2252

Airbnb ROI: N/A

Traditional ROI: 5.98%

3091 US-131, S

Elmira, MI

4 beds | 3 baths | 3,260 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.95%

Airbnb Rental Income: $null

Traditional Rental Income: $3102

Airbnb ROI: N/A

Traditional ROI: 6.95%

9860 Bingham Road

Elmira, MI

3 beds | 2 baths | 1,790 sq.ft.

$499,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1028

Traditional Rental Income: $2966

Airbnb ROI: -0.86%

Traditional ROI: 4.06%

8456 Torreyhill Court

Elmira, MI

3 beds | 3 baths | 1,800 sq.ft.

$340,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 6%

Airbnb Rental Income: $1028

Traditional Rental Income: $2616

Airbnb ROI: -0.1%

Traditional ROI: 6%

5597 Sunridge Drive

Elmira, MI

3 beds | 1 baths | 1,131 sq.ft.

$225,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 5.82%

Airbnb Rental Income: $1028

Traditional Rental Income: $1868

Airbnb ROI: 0.18%

Traditional ROI: 5.82%

9927 Pinehurst

Elmira, MI

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

$359,900

Airbnb cash on cash: 0.07%

Traditional cash on cash: 6.65%

Airbnb Rental Income: $1028

Traditional Rental Income: $2889

Airbnb ROI: 0.07%

Traditional ROI: 6.65%

8361 BROOKFIELD DRIVE

Elmira, MI

2 beds | 1 baths | 980 sq.ft.

$139,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $870

Traditional Rental Income: $1496

Airbnb ROI: 1.74%