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
3643 Waterway Court Grass Lake, MI Discover low-maintenance living at its finest in the Tims Lake Preserve community. This fr...	3 beds \| 3 baths \| 2,349 sq.ft.	$399,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 5.1% Airbnb Rental Income: $2199 Traditional Rental Income: $3102 Airbnb ROI: 1.21% 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.	$569,000	Airbnb cash on cash: 3.29% Traditional cash on cash: 3.74% Airbnb Rental Income: $3978 Traditional Rental Income: $3365 Airbnb ROI: 3.29% Traditional ROI: 3.74%
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.	$315,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 4.3% Airbnb Rental Income: $2199 Traditional Rental Income: $2172 Airbnb ROI: 2.52% Traditional ROI: 4.3%
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.	$749,900	Airbnb cash on cash: -0.22% Traditional cash on cash: 1.08% Airbnb Rental Income: $2199 Traditional Rental Income: $2550 Airbnb ROI: -0.22% Traditional ROI: 1.08%
3571 N Francisco Road Grass Lake, MI GRASS LAKE BRICK RANCH ON 5 ACRES!!!! Perfect Starter or Retirement Home! Many Updates inc...	3 beds \| 2 baths \| 1,800 sq.ft.	$359,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 5.27% Airbnb Rental Income: $2199 Traditional Rental Income: $2577 Airbnb ROI: 2.51% Traditional ROI: 5.27%
10525 Keane Drive Grass Lake, MI Beautiful, turn-key ranch in a highly sought-after Grass Lake subdivision!This spacious ho...	5 beds \| 3 baths \| 2,892 sq.ft.	$405,000	Airbnb cash on cash: 5.51% Traditional cash on cash: 4.93% Airbnb Rental Income: $3978 Traditional Rental Income: $2906 Airbnb ROI: 5.51% Traditional ROI: 4.93%
12900 Kalmbach Road Grass Lake, MI Nestled on 2 acres, this picturesque home offers comfort, abundance, and incredible sprawl...	4 beds \| 2 baths \| 3,536 sq.ft.	$449,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 3.8% Airbnb Rental Income: $2002 Traditional Rental Income: $2752 Airbnb ROI: 0.78% Traditional ROI: 3.8%
3757 Norvell Road Grass Lake, MI Nestled on nearly 8 acres, this 4-bed, 3-bath home offers the perfect blend of comfort and...	5 beds \| 4 baths \| 2,917 sq.ft.	$340,000	Airbnb cash on cash: 7.11% Traditional cash on cash: 9.56% Airbnb Rental Income: $3978 Traditional Rental Income: $3908 Airbnb ROI: 7.11% Traditional ROI: 9.56%
16683 Winters Road Grass Lake, MI CHELSEA SCHOOLS! Enter tree lined driveway to this completely remodeled 3-bed, 1-bath home...	3 beds \| 1 baths \| 1,486 sq.ft.	$339,000	Airbnb cash on cash: 3.01% Traditional cash on cash: 3.18% Airbnb Rental Income: $2199 Traditional Rental Income: $1698 Airbnb ROI: 3.01% 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: 3.48% Traditional cash on cash: 6.58% Airbnb Rental Income: $2199 Traditional Rental Income: $2691 Airbnb ROI: 3.48% Traditional ROI: 6.58%
9745 W Michigan Avenue Grass Lake, MI GREAT RANCH PLAN that works for everyone. Looks out on 300 acres of State land! Recreati...	3 beds \| 2 baths \| 1,680 sq.ft.	$420,000	Airbnb cash on cash: 2.89% Traditional cash on cash: 5.15% Airbnb Rental Income: $2199 Traditional Rental Income: $2531 Airbnb ROI: 2.89% Traditional ROI: 5.15%
647 Church Street Grass Lake, MI Welcome Home! This beautiful historic home has been completely uplifted and revitalized! T...	4 beds \| 3 baths \| 1,960 sq.ft.	$289,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 8.83% Airbnb Rental Income: $2002 Traditional Rental Income: $2942 Airbnb ROI: 3.47% Traditional ROI: 8.83%
857 E Michigan Avenue Grass Lake, MI	3 beds \| 2 baths \| 2,660 sq.ft.	$440,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 4.48% Airbnb Rental Income: $2199 Traditional Rental Income: $2591 Airbnb ROI: 2.18% Traditional ROI: 4.48%
2413 N Burgett Lane Grass Lake, MI This new construction Norfolk ranch plan has it all! Great room with stone gas fireplace. ...	3 beds \| 2 baths \| 1,603 sq.ft.	$479,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 4.23% Airbnb Rental Income: $2199 Traditional Rental Income: $2486 Airbnb ROI: 2.35% Traditional ROI: 4.23%
4108 Prospect Hill Road Grass Lake, MI 30 Acres! Dreaming of a hobby farm, family compound, or a peaceful homestead where you can...	3 beds \| 2 baths \| 2,612 sq.ft.	$535,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.27% Airbnb Rental Income: $2199 Traditional Rental Income: $2627 Airbnb ROI: 1.3% Traditional ROI: 3.27%
14528 Grass Lake Road Grass Lake, MI HIGHEST AND BEST OFFERS ARE DUE BY THURSDAY AT 6PM!!! GRASS LAKE! Desirable RANCH on 2.0...	5 beds \| 2 baths \| 1,576 sq.ft.	$349,900	Airbnb cash on cash: 7.15% Traditional cash on cash: 4.64% Airbnb Rental Income: $3978 Traditional Rental Income: $2301 Airbnb ROI: 7.15% Traditional ROI: 4.64%
11571 Riethmiller Road Grass Lake, MI Welcome to paradise! This home was built in 2022 and is one you have to see to believe. I...	4 beds \| 4 baths \| 4,620 sq.ft.	$769,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 3.13% Airbnb Rental Income: $2002 Traditional Rental Income: $3876 Airbnb ROI: -0.22% Traditional ROI: 3.13%
3205 Kalmbach Road Grass Lake, MI This 3-bed, 2-bath ranch home is the perfect blend of comfort & convenience. A split floor...	3 beds \| 2 baths \| 2,235 sq.ft.	$275,000	Airbnb cash on cash: 4.04% Traditional cash on cash: 7.62% Airbnb Rental Income: $2199 Traditional Rental Income: $2570 Airbnb ROI: 4.04% Traditional ROI: 7.62%
4175 Clear Lake Shore Drive Grass Lake, MI Welcome to lakefront living at its finest! This beautifully maintained & thoughtfully upda...	3 beds \| 3 baths \| 2,728 sq.ft.	$795,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.5% Airbnb Rental Income: $2199 Traditional Rental Income: $3445 Airbnb ROI: 0.07% Traditional ROI: 2.5%
4769 Norvell Road Grass Lake, MI Welcome to 4769 Norvell Rd - an updated 4-bed, 2-bath home on 10 secluded acres in Grass L...	4 beds \| 2 baths \| 1,770 sq.ft.	$425,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 3.91% Airbnb Rental Income: $2002 Traditional Rental Income: $2396 Airbnb ROI: 1.61% Traditional ROI: 3.91%
615 Brown Street Grass Lake, MI Close to the Lake! Charming 3-bedroom ranch home just 800 feet from Grass Lake, the boat ...	3 beds \| 3 baths \| 1,269 sq.ft.	$224,900	Airbnb cash on cash: 4.37% Traditional cash on cash: 6.62% Airbnb Rental Income: $2199 Traditional Rental Income: $2123 Airbnb ROI: 4.37% Traditional ROI: 6.62%
4108 Prospect Hill Road N Grass Lake, MI This move-in ready home sits on 10 beautiful rolling acres. You're going to love the open ...	3 beds \| 2 baths \| 2,612 sq.ft.	$399,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.71% Airbnb Rental Income: $2199 Traditional Rental Income: $2633 Airbnb ROI: 2.07% Traditional ROI: 4.71%
15195 Waterloo Munith Road Grass Lake, MI Location, Location, Location! Tucked away in desirable Waterloo Township with a Grass Lake...	4 beds \| 4 baths \| 3,566 sq.ft.	$564,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.36% Airbnb Rental Income: $2002 Traditional Rental Income: $3906 Airbnb ROI: 0.76% Traditional ROI: 5.36%
8370 Ann Arbor Road Grass Lake, MI	3 beds \| 2 baths \| 1,204 sq.ft.	$339,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 4.85% Airbnb Rental Income: $2199 Traditional Rental Income: $2082 Airbnb ROI: 3.47% Traditional ROI: 4.85%

Real Estate investment in Grass-lake, MI

There are 28 properties for sale in the city of Grass Lake . The median list price in Grass Lake is $399,900 and the average price per square foot is $179. In September 2025, the average monthly cash on cash return in Grass Lake is 5.00%. The average monthly rental income in Grass Lake is $2,621.

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

There are 28 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 $2,621.

Your search for investment property begins and ends here

Investment Property for Sale in Grass Lake, MI

3643 Waterway Court

Grass Lake, MI

3 beds | 3 baths | 2,349 sq.ft.

$399,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $2199

Traditional Rental Income: $3102

Airbnb ROI: 1.21%

Traditional ROI: 5.1%

16501 Winters Road

Grass Lake, MI

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

$569,000

Airbnb cash on cash: 3.29%

Traditional cash on cash: 3.74%

Airbnb Rental Income: $3978

Traditional Rental Income: $3365

Airbnb ROI: 3.29%

Traditional ROI: 3.74%

10228 Rexford Road

Grass Lake, MI

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

$315,000

Airbnb cash on cash: 2.52%

Traditional cash on cash: 4.3%

Airbnb Rental Income: $2199

Traditional Rental Income: $2172

Airbnb ROI: 2.52%

Traditional ROI: 4.3%

200 Simpson Street

Grass Lake, MI

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

$749,900

Airbnb cash on cash: -0.22%

Traditional cash on cash: 1.08%

Airbnb Rental Income: $2199

Traditional Rental Income: $2550

Airbnb ROI: -0.22%

Traditional ROI: 1.08%

3571 N Francisco Road

Grass Lake, MI

3 beds | 2 baths | 1,800 sq.ft.

$359,900

Airbnb cash on cash: 2.51%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $2199

Traditional Rental Income: $2577

Airbnb ROI: 2.51%

Traditional ROI: 5.27%

10525 Keane Drive

Grass Lake, MI

5 beds | 3 baths | 2,892 sq.ft.

$405,000

Airbnb cash on cash: 5.51%

Traditional cash on cash: 4.93%

Airbnb Rental Income: $3978

Traditional Rental Income: $2906

Airbnb ROI: 5.51%

Traditional ROI: 4.93%

12900 Kalmbach Road

Grass Lake, MI

4 beds | 2 baths | 3,536 sq.ft.

$449,900

Airbnb cash on cash: 0.78%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $2002

Traditional Rental Income: $2752

Airbnb ROI: 0.78%

Traditional ROI: 3.8%

3757 Norvell Road

Grass Lake, MI

5 beds | 4 baths | 2,917 sq.ft.

$340,000

Airbnb cash on cash: 7.11%

Traditional cash on cash: 9.56%

Airbnb Rental Income: $3978

Traditional Rental Income: $3908

Airbnb ROI: 7.11%