Real Estate Investment Properties for Sale in Grayling, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8541 S Grayling Road Grayling, MI Room to grow in this spacious 4-bedroom, 2-bath home set on 1 acre, offering the perfect b...	4 beds \| 2 baths \| 4,474 sq.ft.	$220,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 8.3% Airbnb Rental Income: $2011 Traditional Rental Income: $2346 Airbnb ROI: 4.18% Traditional ROI: 8.3%
1065 S Mcmasters Bridge Road Grayling, MI Welcome to 1065 S McMasters Bridge Rd in Grayling! An exceptional log cabin retreat set al...	4 beds \| 4 baths \| 2,960 sq.ft.	$995,000	Airbnb cash on cash: -1.02% Traditional cash on cash: 1.81% Airbnb Rental Income: $2011 Traditional Rental Income: $4108 Airbnb ROI: -1.02% Traditional ROI: 1.81%
3140 Northeast Trail Grayling, MI Welcome to Warblers Hideaway, a community with plenty of association amenities to enjoy. T...	3 beds \| 2 baths \| 1,526 sq.ft.	$345,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 3.7% Airbnb Rental Income: $1033 Traditional Rental Income: $2126 Airbnb ROI: -0.79% Traditional ROI: 3.7%
403 Erie Street Grayling, MI Double lot in downtown Grayling within walking distance of the AuSable River! Imagine waki...	4 beds \| 1 baths \| 1,650 sq.ft.	$225,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 6.21% Airbnb Rental Income: $2011 Traditional Rental Income: $1784 Airbnb ROI: 4.82% Traditional ROI: 6.21%
602 MAPLE ST Grayling, MI Invest with success and buy through Auction.com. This bank-owned investment property is a ...	N/A beds \| N/A baths \| N/A	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.21% Airbnb Rental Income: $null Traditional Rental Income: $884 Airbnb ROI: N/A Traditional ROI: -0.21%
11846 W M-72 Highway Grayling, MI Beautiful, spacious home along the Manistee River with 185 feet of frontage! This home fea...	5 beds \| 3 baths \| 4,700 sq.ft.	$559,900	Airbnb cash on cash: -1.41% Traditional cash on cash: 2.11% Airbnb Rental Income: $1039 Traditional Rental Income: $2519 Airbnb ROI: -1.41% Traditional ROI: 2.11%
1880 Cherry Creek Trail Grayling, MI Looking for the perfect up-north getaway or investment? This stunning property on over 2 w...	3 beds \| 2 baths \| 1,852 sq.ft.	$382,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 5.06% Airbnb Rental Income: $1033 Traditional Rental Income: $2471 Airbnb ROI: 0.04% Traditional ROI: 5.06%
2498 W Five Mile Road Grayling, MI CABIN WITH 60.5 ACRES WITH STATE LAND ON 2 SIDES. POLE BARN 30 x 40 with electric. Hunters...	1 beds \| 1 baths \| 845 sq.ft.	$350,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.72% Airbnb Rental Income: $442 Traditional Rental Income: $1171 Airbnb ROI: -1.3% Traditional ROI: 1.72%
2969 Cambay Trail Grayling, MI This is an awesome Up North getaway! Whether you hunt, fish, camp, or just want to get awa...	3 beds \| 1 baths \| 962 sq.ft.	$145,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 7.71% Airbnb Rental Income: $1033 Traditional Rental Income: $1460 Airbnb ROI: 2.04% Traditional ROI: 7.71%
2706 Newatch Avenue Grayling, MI Welcome to your dream getaway! Nestled along the pristine Au Sable River, this beautifully...	2 beds \| 1 baths \| 945 sq.ft.	$237,500	Airbnb cash on cash: 0.55% Traditional cash on cash: 4.71% Airbnb Rental Income: $862 Traditional Rental Income: $1464 Airbnb ROI: 0.55% Traditional ROI: 4.71%
3935 Tara Lane Grayling, MI This stunning rustic home is Timber Frame construction boasting 4100 sf of living space wi...	2 beds \| 4 baths \| 4,100 sq.ft.	$525,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 4.63% Airbnb Rental Income: $862 Traditional Rental Income: $3151 Airbnb ROI: -0.72% Traditional ROI: 4.63%
8994 S Oak Grayling, MI 5 bedrooms, 3 bathrooms with over 3,600sq ft on just over an acre. Newer 30x40 pole barn w...	5 beds \| 3 baths \| 3,652 sq.ft.	$340,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 8.31% Airbnb Rental Income: $1039 Traditional Rental Income: $3284 Airbnb ROI: 0.15% Traditional ROI: 8.31%
2894 White Pine Drive Grayling, MI Nestled just minutes from the crystal-clear Manistee River, this updated 2 bed, 2 bath hom...	2 beds \| 2 baths \| 970 sq.ft.	$139,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 9.22% Airbnb Rental Income: $862 Traditional Rental Income: $1571 Airbnb ROI: 1.45% Traditional ROI: 9.22%
2200 Daffodil Trail Grayling, MI Large family home located on a square 10 acre parcel in Maple Forest. This home is just un...	3 beds \| 2 baths \| 1,700 sq.ft.	$279,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 6.71% Airbnb Rental Income: $1033 Traditional Rental Income: $2302 Airbnb ROI: 0.53% Traditional ROI: 6.71%
110 State Street Grayling, MI Live on the AuSable River in Downtown Grayling â Residential Home + Lifestyle Business ...	3 beds \| 3 baths \| 1,434 sq.ft.	$660,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 1.74% Airbnb Rental Income: $1033 Traditional Rental Income: $2719 Airbnb ROI: -1.59% Traditional ROI: 1.74%
15981 Snay Drive SE Grayling, MI Off the beaten path, this 3-bedroom home with attached garage is just a 1/2 mile from the ...	3 beds \| 1 baths \| 902 sq.ft.	$119,900	Airbnb cash on cash: 2.5% Traditional cash on cash: 8.77% Airbnb Rental Income: $1033 Traditional Rental Income: $1397 Airbnb ROI: 2.5% Traditional ROI: 8.77%
3119 Main Grayling, MI The perfect getaway awaits! Located near Lovells, and close proximity to Grayling sits thi...	2 beds \| 1 baths \| 1,064 sq.ft.	$129,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 7.03% Airbnb Rental Income: $862 Traditional Rental Income: $1285 Airbnb ROI: 0.99% Traditional ROI: 7.03%
269 W Timber Trail Grayling, MI This large ranch, situated on 10 acres with a 30x48 pole barn will check all your boxes. T...	3 beds \| 3 baths \| 2,029 sq.ft.	$199,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 7.64% Airbnb Rental Income: $1033 Traditional Rental Income: $2011 Airbnb ROI: 0.55% Traditional ROI: 7.64%
2916 N Portage Avenue Grayling, MI Amazing Lake Margrethe cottage with 50' directly on the lake! East side location makes the...	3 beds \| 2 baths \| 2,250 sq.ft.	$590,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 1.06% Airbnb Rental Income: $1033 Traditional Rental Income: $2071 Airbnb ROI: -1.48% Traditional ROI: 1.06%
1107 Ogemaw Street Grayling, MI Set on a generous third-acre double lot in a quiet Grayling neighborhood, this 3-bedroom, ...	3 beds \| 2 baths \| 1,363 sq.ft.	$219,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 7.28% Airbnb Rental Income: $1033 Traditional Rental Income: $1998 Airbnb ROI: 0.88% Traditional ROI: 7.28%
9143 N Lake Shore Drive Grayling, MI TURN-KEY! How about owning a lakehouse cottage & not have to buy a single thing extra? I m...	2 beds \| 1 baths \| 1,084 sq.ft.	$479,900	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.59% Airbnb Rental Income: $862 Traditional Rental Income: $1609 Airbnb ROI: -0.82% Traditional ROI: 1.59%
3680 E M-72 Highway Grayling, MI A rural 7.27-acre wooded paradise awaits the next lucky owner! This year-round, quality-bu...	2 beds \| 1 baths \| 1,340 sq.ft.	$230,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 4.53% Airbnb Rental Income: $862 Traditional Rental Income: $1483 Airbnb ROI: 0.15% Traditional ROI: 4.53%
310 N Arthur Street Grayling, MI Well maintained 4 bedroom 2 bathroom home located less than a mile from everything beautif...	4 beds \| 2 baths \| 2,392 sq.ft.	$269,000	Airbnb cash on cash: 3.66% Traditional cash on cash: 3.73% Airbnb Rental Income: $2011 Traditional Rental Income: $1506 Airbnb ROI: 3.66% Traditional ROI: 3.73%
7794 Hi Ridge Trail Grayling, MI This Northwoods Retreat of Rustic Elegance is a step back in time--without sacrificing com...	4 beds \| 3 baths \| 3,400 sq.ft.	$1,495,000	Airbnb cash on cash: -1.53% Traditional cash on cash: -1.15% Airbnb Rental Income: $2011 Traditional Rental Income: $2008 Airbnb ROI: -1.53% Traditional ROI: -1.15%
2215 Danish Landing Road Grayling, MI Lake Margrethe access without waterfront taxes! No expenses spared! Beautiful remodeled ho...	4 beds \| 3 baths \| 2,480 sq.ft.	$599,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 1.39% Airbnb Rental Income: $2011 Traditional Rental Income: $2290 Airbnb ROI: -0.04% Traditional ROI: 1.39%
6440 Richard Road Grayling, MI Welcome to 6440 Richard Rd in beautiful Grayling, Michigan! Situated on a manicured corner...	5 beds \| 2 baths \| 2,842 sq.ft.	$320,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 5.51% Airbnb Rental Income: $1039 Traditional Rental Income: $2301 Airbnb ROI: 0.11% Traditional ROI: 5.51%

Real Estate investment in Grayling, MI

There are 36 properties for sale in the city of Grayling . The median list price in Grayling is $265,000 and the average price per square foot is $139. In May 2026, the average monthly cash on cash return in Grayling is 6.00%. The average monthly rental income in Grayling is $1,998.

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

There are 36 investment properties available for sale in Grayling.

In 2026, the best neighborhood to buy investment property is Grayling.

The ROI for Long-Term is higher than the Short-Term in Grayling with average rental income of $1,998.

Your search for investment property begins and ends here

Investment Property for Sale in Grayling, MI

8541 S Grayling Road

Grayling, MI

4 beds | 2 baths | 4,474 sq.ft.

$220,000

Airbnb cash on cash: 4.18%

Traditional cash on cash: 8.3%

Airbnb Rental Income: $2011

Traditional Rental Income: $2346

Airbnb ROI: 4.18%

Traditional ROI: 8.3%

1065 S Mcmasters Bridge Road

Grayling, MI

4 beds | 4 baths | 2,960 sq.ft.

$995,000

Airbnb cash on cash: -1.02%

Traditional cash on cash: 1.81%

Airbnb Rental Income: $2011

Traditional Rental Income: $4108

Airbnb ROI: -1.02%

Traditional ROI: 1.81%

3140 Northeast Trail

Grayling, MI

3 beds | 2 baths | 1,526 sq.ft.

$345,000

Airbnb cash on cash: -0.79%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1033

Traditional Rental Income: $2126

Airbnb ROI: -0.79%

Traditional ROI: 3.7%

403 Erie Street

Grayling, MI

4 beds | 1 baths | 1,650 sq.ft.

$225,000

Airbnb cash on cash: 4.82%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $2011

Traditional Rental Income: $1784

Airbnb ROI: 4.82%

Traditional ROI: 6.21%

602 MAPLE ST

Grayling, MI

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

$365,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.21%

Airbnb Rental Income: $null

Traditional Rental Income: $884

Airbnb ROI: N/A

Traditional ROI: -0.21%

11846 W M-72 Highway

Grayling, MI

5 beds | 3 baths | 4,700 sq.ft.

$559,900

Airbnb cash on cash: -1.41%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1039

Traditional Rental Income: $2519

Airbnb ROI: -1.41%

Traditional ROI: 2.11%

1880 Cherry Creek Trail

Grayling, MI

3 beds | 2 baths | 1,852 sq.ft.

$382,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $1033

Traditional Rental Income: $2471

Airbnb ROI: 0.04%

Traditional ROI: 5.06%

2498 W Five Mile Road

Grayling, MI

1 beds | 1 baths | 845 sq.ft.

$350,000

Airbnb cash on cash: -1.3%

Traditional cash on cash: 1.72%

Airbnb Rental Income: $442

Traditional Rental Income: $1171

Airbnb ROI: -1.3%