Real Estate Investment Properties for Sale in Grass Lake, MI

Looking for investment property in Grass Lake, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
783 Arthur Drive Grass Lake, MI	3 beds \| 2 baths \| 1,456 sq.ft.	$215,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 6.46% Airbnb Rental Income: $1908 Traditional Rental Income: $1987 Airbnb ROI: 3.59% Traditional ROI: 6.46%
15836 Waterloo Road Grass Lake, MI Light streams through every corner of this charming home, where archways, hardwood floors,...	3 beds \| 1 baths \| 1,319 sq.ft.	$311,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.68% Airbnb Rental Income: $1908 Traditional Rental Income: $1802 Airbnb ROI: 2.31% Traditional ROI: 3.68%
3643 Waterway Court Grass Lake, MI Discover low-maintenance living at its finest in the Tims Lake Preserve community. This fr...	3 beds \| N/A baths \| 2,349 sq.ft.	$399,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 5.1% Airbnb Rental Income: $1908 Traditional Rental Income: $3102 Airbnb ROI: 0.57% Traditional ROI: 5.1%
16501 Winters Road Grass Lake, MI This gorgeous log cabin is your own personal getaway, secluded on nearly 4 acres, but just...	5 beds \| 3 baths \| 2,568 sq.ft.	$565,000	Airbnb cash on cash: 5.66% Traditional cash on cash: 3.77% Airbnb Rental Income: $5462 Traditional Rental Income: $3365 Airbnb ROI: 5.66% Traditional ROI: 3.77%
10228 Rexford Road Grass Lake, MI Channel Access to Little Wolf Lake! Donât miss this beautifully updated 3-bedroom, 2...	3 beds \| 2 baths \| 1,496 sq.ft.	$310,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.39% Airbnb Rental Income: $1908 Traditional Rental Income: $2172 Airbnb ROI: 1.74% Traditional ROI: 4.39%
200 Simpson Street Grass Lake, MI Welcome to this beautifully updated, 2596 sq ft of livable space, "All Sports Lakefront" r...	3 beds \| 2 baths \| 1,596 sq.ft.	$698,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.23% Airbnb Rental Income: $1908 Traditional Rental Income: $2550 Airbnb ROI: -0.53% Traditional ROI: 1.23%
115 Ridgeview Court Grass Lake, MI Welcome to this open and inviting ranch home in the heart of Grass Lake! Conveniently loca...	4 beds \| N/A baths \| 2,156 sq.ft.	$310,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 5.05% Airbnb Rental Income: $2282 Traditional Rental Income: $2422 Airbnb ROI: 2.62% Traditional ROI: 5.05%
16683 Winters Road Grass Lake, MI Enter tree lined driveway to this completely remodeled 3-bed, 1-bath home on 2 acres. Feat...	3 beds \| 1 baths \| 1,486 sq.ft.	$339,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 3.18% Airbnb Rental Income: $1908 Traditional Rental Income: $1698 Airbnb ROI: 2.25% Traditional ROI: 3.18%
686 Pinewood- lot 17 Drive Grass Lake, MI PROPOSED BUILD- Nestled in up-and-coming Grass Lake, just a stone's throw from the school,...	3 beds \| 3 baths \| 1,756 sq.ft.	$359,985	Airbnb cash on cash: 2.76% Traditional cash on cash: 6.58% Airbnb Rental Income: $1908 Traditional Rental Income: $2691 Airbnb ROI: 2.76% Traditional ROI: 6.58%
11571 Riethmiller Road Grass Lake, MI	4 beds \| 4 baths \| 4,620 sq.ft.	$760,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.18% Airbnb Rental Income: $2282 Traditional Rental Income: $3876 Airbnb ROI: 0.12% Traditional ROI: 3.18%
15195 Waterloo Munith Road Grass Lake, MI Location, Location, Location! Tucked away in desirable Waterloo Township with a Grass Lake...	4 beds \| N/A baths \| 3,566 sq.ft.	$549,900	Airbnb cash on cash: 1.26% Traditional cash on cash: 5.53% Airbnb Rental Income: $2282 Traditional Rental Income: $3906 Airbnb ROI: 1.26% Traditional ROI: 5.53%
9589 W Michigan Avenue Grass Lake, MI HIGHEST AND BEST DUE BY 6PM TOMORROW, THURSDAY, SEPTEMBER 18TH!! Grass Lake! well maintain...	3 beds \| 2 baths \| 1,400 sq.ft.	$374,900	Airbnb cash on cash: 1.76% Traditional cash on cash: 4.24% Airbnb Rental Income: $1908 Traditional Rental Income: $2272 Airbnb ROI: 1.76% Traditional ROI: 4.24%
784 Meadows Court Grass Lake, MI Newer 3-Bedroom Ranch Condo in Walkable Grass Lake Location - Welcome to 784 Meadows Ct, a...	3 beds \| 2 baths \| 1,653 sq.ft.	$275,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 6.03% Airbnb Rental Income: $1908 Traditional Rental Income: $2570 Airbnb ROI: 1.52% Traditional ROI: 6.03%
8691 Ann Arbor Road Grass Lake, MI This inviting and mechanically updated mid-century modern ranch home is ready for you! Thi...	3 beds \| N/A baths \| 1,456 sq.ft.	$305,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 5.58% Airbnb Rental Income: $1908 Traditional Rental Income: $2170 Airbnb ROI: 2.9% Traditional ROI: 5.58%
349 N Francisco Road Grass Lake, MI	3 beds \| 1 baths \| 1,296 sq.ft.	$249,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 4.55% Airbnb Rental Income: $1908 Traditional Rental Income: $1627 Airbnb ROI: 3.59% Traditional ROI: 4.55%
8337 Washington Street Grass Lake, MI Welcome to this Charming, well-maintained 3 bed, 2 bath home that offers an inviting open ...	3 beds \| 2 baths \| 1,436 sq.ft.	$365,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.35% Airbnb Rental Income: $1908 Traditional Rental Income: $2163 Airbnb ROI: 2.13% Traditional ROI: 4.35%
8317 Clear Lake Road Grass Lake, MI Chelsea school district in the Village of Waterloo starter home on a corner lot. This spac...	3 beds \| 1 baths \| 1,400 sq.ft.	$225,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 5.62% Airbnb Rental Income: $1908 Traditional Rental Income: $1647 Airbnb ROI: 4.47% Traditional ROI: 5.62%
22 Pinewood Grass Lake, MI	3 beds \| 2 baths \| 1,428 sq.ft.	$335,360	Airbnb cash on cash: 3.04% Traditional cash on cash: 5.66% Airbnb Rental Income: $1908 Traditional Rental Income: $2228 Airbnb ROI: 3.04% Traditional ROI: 5.66%
11248 Phal Road Grass Lake, MI Showings begin Monday 9/22! Perfect starter home for an ambitious buyer. Beautiful full lo...	3 beds \| 2 baths \| 1,100 sq.ft.	$164,000	Airbnb cash on cash: 6.53% Traditional cash on cash: 8.89% Airbnb Rental Income: $1908 Traditional Rental Income: $1770 Airbnb ROI: 6.53% Traditional ROI: 8.89%
00 Mack Island Road Grass Lake, MI	3 beds \| 2 baths \| 2,450 sq.ft.	$730,373	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.96% Airbnb Rental Income: $1908 Traditional Rental Income: $2944 Airbnb ROI: 0.7% Traditional ROI: 2.96%
167 Ridgeview Court Grass Lake, MI Move-In Ready 4-Bedroom Home on Over Half an Acre in Grass Lake! Welcome to this beautiful...	4 beds \| N/A baths \| 2,330 sq.ft.	$349,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.43% Airbnb Rental Income: $2282 Traditional Rental Income: $2083 Airbnb ROI: 2.31% Traditional ROI: 3.43%

Real Estate investment in Grass-lake, MI

There are 22 properties for sale in the city of Grass Lake . The median list price in Grass Lake is $335,360 and the average price per square foot is $177. In October 2025, the average monthly cash on cash return in Grass Lake is 5.00%. The average monthly rental income in Grass Lake is $2,228.

Grass-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Grass-lake.

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

The ROI for Long-Term is higher than the Short-Term in Grass-lake with average rental income of $2,228.

Your search for investment property begins and ends here

Investment Property for Sale in Grass Lake, MI

783 Arthur Drive

Grass Lake, MI

3 beds | 2 baths | 1,456 sq.ft.

$215,000

Airbnb cash on cash: 3.59%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1908

Traditional Rental Income: $1987

Airbnb ROI: 3.59%

Traditional ROI: 6.46%

15836 Waterloo Road

Grass Lake, MI

3 beds | 1 baths | 1,319 sq.ft.

$311,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 3.68%

Airbnb Rental Income: $1908

Traditional Rental Income: $1802

Airbnb ROI: 2.31%

Traditional ROI: 3.68%

3643 Waterway Court

Grass Lake, MI

3 beds | N/A baths | 2,349 sq.ft.

$399,900

Airbnb cash on cash: 0.57%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1908

Traditional Rental Income: $3102

Airbnb ROI: 0.57%

Traditional ROI: 5.1%

16501 Winters Road

Grass Lake, MI

5 beds | 3 baths | 2,568 sq.ft.

$565,000

Airbnb cash on cash: 5.66%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $5462

Traditional Rental Income: $3365

Airbnb ROI: 5.66%

Traditional ROI: 3.77%

10228 Rexford Road

Grass Lake, MI

3 beds | 2 baths | 1,496 sq.ft.

$310,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $1908

Traditional Rental Income: $2172

Airbnb ROI: 1.74%

Traditional ROI: 4.39%

200 Simpson Street

Grass Lake, MI

3 beds | 2 baths | 1,596 sq.ft.

$698,900

Airbnb cash on cash: -0.53%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $1908

Traditional Rental Income: $2550

Airbnb ROI: -0.53%

Traditional ROI: 1.23%

115 Ridgeview Court

Grass Lake, MI

4 beds | N/A baths | 2,156 sq.ft.

$310,000

Airbnb cash on cash: 2.62%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $2282

Traditional Rental Income: $2422

Airbnb ROI: 2.62%

Traditional ROI: 5.05%

16683 Winters Road

Grass Lake, MI

3 beds | 1 baths | 1,486 sq.ft.

$339,000

Airbnb cash on cash: 2.25%

Traditional cash on cash: 3.18%

Airbnb Rental Income: $1908

Traditional Rental Income: $1698

Airbnb ROI: 2.25%