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
301 N Francisco Road Grass Lake, MI Super Cute 3 Bedroom, 2 Bath Home with Over 1,300 Sq. Ft. of Finished Living Space! Well-m...	3 beds \| 2 baths \| 1,302 sq.ft.	$239,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.26% Airbnb Rental Income: $1884 Traditional Rental Income: $1738 Airbnb ROI: 2.68% Traditional ROI: 4.26%
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: 5.56% Traditional cash on cash: 3.77% Airbnb Rental Income: $5400 Traditional Rental Income: $3365 Airbnb ROI: 5.56% Traditional ROI: 3.77%
5890 Wolf Lake Road Grass Lake, MI	3 beds \| 2 baths \| 3,056 sq.ft.	$495,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 2.27% Airbnb Rental Income: $1884 Traditional Rental Income: $2196 Airbnb ROI: 0.51% Traditional ROI: 2.27%
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.	$678,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 1.3% Airbnb Rental Income: $1884 Traditional Rental Income: $2550 Airbnb ROI: -0.55% Traditional ROI: 1.3%
121 Maple Street Grass Lake, MI Investors and buyers looking for sweat equity TAKE NOTE. Charming cedar shake farmhouse ne...	4 beds \| 2 baths \| 1,157 sq.ft.	$155,000	Airbnb cash on cash: 9.56% Traditional cash on cash: 8.21% Airbnb Rental Income: $2667 Traditional Rental Income: $1833 Airbnb ROI: 9.56% Traditional ROI: 8.21%
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.	$325,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 3.36% Airbnb Rental Income: $1884 Traditional Rental Income: $1698 Airbnb ROI: 2.32% Traditional ROI: 3.36%
15 Pinewood Drive Grass Lake, MI	3 beds \| 3 baths \| 1,756 sq.ft.	$359,985	Airbnb cash on cash: 2.7% Traditional cash on cash: 6.58% Airbnb Rental Income: $1884 Traditional Rental Income: $2691 Airbnb ROI: 2.7% Traditional ROI: 6.58%
11571 Riethmiller Road Grass Lake, MI	4 beds \| 4 baths \| 4,620 sq.ft.	$745,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.26% Airbnb Rental Income: $2667 Traditional Rental Income: $3876 Airbnb ROI: 0.61% Traditional ROI: 3.26%
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.	$549,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.53% Airbnb Rental Income: $2667 Traditional Rental Income: $3906 Airbnb ROI: 1.89% Traditional ROI: 5.53%
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.	$257,500	Airbnb cash on cash: 1.6% Traditional cash on cash: 6.5% Airbnb Rental Income: $1884 Traditional Rental Income: $2570 Airbnb ROI: 1.6% Traditional ROI: 6.5%
8691 Ann Arbor Road Grass Lake, MI This inviting and mechanically updated mid-century modern ranch home is ready for you! Thi...	3 beds \| 2 baths \| 1,456 sq.ft.	$295,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 5.8% Airbnb Rental Income: $1884 Traditional Rental Income: $2170 Airbnb ROI: 2.96% Traditional ROI: 5.8%
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.	$350,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 4.58% Airbnb Rental Income: $1884 Traditional Rental Income: $2163 Airbnb ROI: 2.2% Traditional ROI: 4.58%
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.	$215,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 5.92% Airbnb Rental Income: $1884 Traditional Rental Income: $1647 Airbnb ROI: 4.62% Traditional ROI: 5.92%
22 Pinewood Grass Lake, MI	3 beds \| 2 baths \| 1,428 sq.ft.	$335,360	Airbnb cash on cash: 2.97% Traditional cash on cash: 5.66% Airbnb Rental Income: $1884 Traditional Rental Income: $2228 Airbnb ROI: 2.97% 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.	$159,000	Airbnb cash on cash: 6.63% Traditional cash on cash: 9.19% Airbnb Rental Income: $1884 Traditional Rental Income: $1770 Airbnb ROI: 6.63% Traditional ROI: 9.19%
00 Mack Island Road Grass Lake, MI	3 beds \| 2 baths \| 2,450 sq.ft.	$730,373	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.96% Airbnb Rental Income: $1884 Traditional Rental Income: $2944 Airbnb ROI: 0.67% 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: 3.28% Traditional cash on cash: 3.72% Airbnb Rental Income: $2667 Traditional Rental Income: $2177 Airbnb ROI: 3.28% Traditional ROI: 3.72%
13868 Phal Road Grass Lake, MI	4 beds \| 3 baths \| 1,876 sq.ft.	$237,400	Airbnb cash on cash: 6.68% Traditional cash on cash: 9.22% Airbnb Rental Income: $2667 Traditional Rental Income: $2603 Airbnb ROI: 6.68% Traditional ROI: 9.22%
10300 Rexford Road Grass Lake, MI	5 beds \| 3 baths \| 2,280 sq.ft.	$445,900	Airbnb cash on cash: 7.84% Traditional cash on cash: 4.81% Airbnb Rental Income: $5400 Traditional Rental Income: $3047 Airbnb ROI: 7.84% Traditional ROI: 4.81%
3584 Hunters Court Grass Lake, MI	3 beds \| 2 baths \| 2,604 sq.ft.	$319,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 6.19% Airbnb Rental Income: $1884 Traditional Rental Income: $2484 Airbnb ROI: 2.52% Traditional ROI: 6.19%
14505 Bohne Road Grass Lake, MI Ever wake up wishing for twelve+ acres of paradise right outside Ann Arbor? Here's your op...	3 beds \| 2 baths \| 1,864 sq.ft.	$489,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 2.83% Airbnb Rental Income: $1884 Traditional Rental Income: $2327 Airbnb ROI: 0.76% Traditional ROI: 2.83%

Real Estate investment in Grass-lake, MI

There are 23 properties for sale in the city of Grass Lake . The median list price in Grass Lake is $325,000 and the average price per square foot is $165. In December 2025, the average monthly cash on cash return in Grass Lake is 6.00%. 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 23 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

301 N Francisco Road

Grass Lake, MI

3 beds | 2 baths | 1,302 sq.ft.

$239,000

Airbnb cash on cash: 2.68%

Traditional cash on cash: 4.26%

Airbnb Rental Income: $1884

Traditional Rental Income: $1738

Airbnb ROI: 2.68%

Traditional ROI: 4.26%

16501 Winters Road

Grass Lake, MI

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

$565,000

Airbnb cash on cash: 5.56%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $5400

Traditional Rental Income: $3365

Airbnb ROI: 5.56%

Traditional ROI: 3.77%

5890 Wolf Lake Road

Grass Lake, MI

3 beds | 2 baths | 3,056 sq.ft.

$495,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 2.27%

Airbnb Rental Income: $1884

Traditional Rental Income: $2196

Airbnb ROI: 0.51%

Traditional ROI: 2.27%

200 Simpson Street

Grass Lake, MI

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

$678,900

Airbnb cash on cash: -0.55%

Traditional cash on cash: 1.3%

Airbnb Rental Income: $1884

Traditional Rental Income: $2550

Airbnb ROI: -0.55%

Traditional ROI: 1.3%

121 Maple Street

Grass Lake, MI

4 beds | 2 baths | 1,157 sq.ft.

$155,000

Airbnb cash on cash: 9.56%

Traditional cash on cash: 8.21%

Airbnb Rental Income: $2667

Traditional Rental Income: $1833

Airbnb ROI: 9.56%

Traditional ROI: 8.21%

16683 Winters Road

Grass Lake, MI

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

$325,000

Airbnb cash on cash: 2.32%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1884

Traditional Rental Income: $1698

Airbnb ROI: 2.32%

Traditional ROI: 3.36%

15 Pinewood Drive

Grass Lake, MI

3 beds | 3 baths | 1,756 sq.ft.

$359,985

Airbnb cash on cash: 2.7%

Traditional cash on cash: 6.58%

Airbnb Rental Income: $1884

Traditional Rental Income: $2691

Airbnb ROI: 2.7%

Traditional ROI: 6.58%

11571 Riethmiller Road

Grass Lake, MI

4 beds | 4 baths | 4,620 sq.ft.

$745,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $2667

Traditional Rental Income: $3876

Airbnb ROI: 0.61%