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.	$199,000	Airbnb cash on cash: 8.3% Traditional cash on cash: 9.41% Airbnb Rental Income: $2790 Traditional Rental Income: $2346 Airbnb ROI: 8.3% Traditional ROI: 9.41%
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.	$849,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.29% Airbnb Rental Income: $2790 Traditional Rental Income: $4108 Airbnb ROI: -0.21% Traditional ROI: 2.29%
10441 Alpenhof Drive Grayling, MI Awesome Chalet with 3 car garage sits on 3 lots in a peaceful setting in Warbler's Hideawa...	3 beds \| 1 baths \| 1,140 sq.ft.	$186,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 7.6% Airbnb Rental Income: $1431 Traditional Rental Income: $1741 Airbnb ROI: 3.43% Traditional ROI: 7.6%
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.	$334,999	Airbnb cash on cash: 0.31% Traditional cash on cash: 3.88% Airbnb Rental Income: $1431 Traditional Rental Income: $2126 Airbnb ROI: 0.31% Traditional ROI: 3.88%
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: -1.27% Traditional cash on cash: -0.21% Airbnb Rental Income: $854 Traditional Rental Income: $884 Airbnb ROI: -1.27% 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: -0.7% Traditional cash on cash: 2.11% Airbnb Rental Income: $1487 Traditional Rental Income: $2519 Airbnb ROI: -0.7% Traditional ROI: 2.11%
6972 W Seven Mile Road Grayling, MI Set on 35 pristine acres of mixed hardwoods and evergreens, this serene property offers ab...	2 beds \| 1 baths \| 960 sq.ft.	$315,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.65% Airbnb Rental Income: $1374 Traditional Rental Income: $1624 Airbnb ROI: 0.39% Traditional ROI: 2.65%
107 Vilas Street Grayling, MI Perfect first home for a small family. Modern updates creates a cute a cozy feel. Two bedr...	2 beds \| 1 baths \| 1,000 sq.ft.	$189,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 3.26% Airbnb Rental Income: $1374 Traditional Rental Income: $1135 Airbnb ROI: 2.27% Traditional ROI: 3.26%
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.	$325,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 1.92% Airbnb Rental Income: $731 Traditional Rental Income: $1171 Airbnb ROI: -0.54% Traditional ROI: 1.92%
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: 4.42% Traditional cash on cash: 7.71% Airbnb Rental Income: $1431 Traditional Rental Income: $1460 Airbnb ROI: 4.42% Traditional ROI: 7.71%
6960 Trem Pal Grayling, MI BUYER WALKED- SELLER MOTIVATED-PRIVATE mainstream AuSable riverfront seclusion- beautifull...	3 beds \| 2 baths \| 1,728 sq.ft.	$319,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.29% Airbnb Rental Income: $1431 Traditional Rental Income: $2464 Airbnb ROI: 1.44% Traditional ROI: 6.29%
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.	$231,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 4.84% Airbnb Rental Income: $1374 Traditional Rental Income: $1464 Airbnb ROI: 2.53% Traditional ROI: 4.84%
3935 Tara Lane Grayling, MI MOIVATED SELLER! This stunning rustic home is Timber Frame construction boasting 4100 sf o...	2 beds \| 4 baths \| 4,100 sq.ft.	$499,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.92% Airbnb Rental Income: $1374 Traditional Rental Income: $3151 Airbnb ROI: 0.21% Traditional ROI: 4.92%
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: 1.32% Traditional cash on cash: 8.31% Airbnb Rental Income: $1487 Traditional Rental Income: $3284 Airbnb ROI: 1.32% Traditional ROI: 8.31%
935 Robinhood Lane Grayling, MI Custom saltbox home with a full finished basement and plenty of extras. The fenced backyar...	3 beds \| 2 baths \| 3,439 sq.ft.	$375,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 4.54% Airbnb Rental Income: $1431 Traditional Rental Income: $2068 Airbnb ROI: 1.51% Traditional ROI: 4.54%
705 Plum Street Grayling, MI Grayling is a wonderful place to call home & this move-in ready property is perfectly situ...	2 beds \| 1 baths \| 832 sq.ft.	$184,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 5.69% Airbnb Rental Income: $1374 Traditional Rental Income: $1348 Airbnb ROI: 3.46% Traditional ROI: 5.69%
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: 4.63% Traditional cash on cash: 9.22% Airbnb Rental Income: $1374 Traditional Rental Income: $1571 Airbnb ROI: 4.63% 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: 1.79% Traditional cash on cash: 6.71% Airbnb Rental Income: $1431 Traditional Rental Income: $2302 Airbnb ROI: 1.79% 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: -1.05% Traditional cash on cash: 1.74% Airbnb Rental Income: $1431 Traditional Rental Income: $2719 Airbnb ROI: -1.05% Traditional ROI: 1.74%
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.	$165,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 9.67% Airbnb Rental Income: $1431 Traditional Rental Income: $2011 Airbnb ROI: 3.27% Traditional ROI: 9.67%
2916 N Portage Avenue Grayling, MI MOTIVATED Seller & NEW PRICE! Amazing Lake Margrethe cottage with 50' directly on the lake...	3 beds \| 2 baths \| 2,250 sq.ft.	$549,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.32% Airbnb Rental Income: $1431 Traditional Rental Income: $2071 Airbnb ROI: -0.76% Traditional ROI: 1.32%
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: 2.48% Traditional cash on cash: 7.28% Airbnb Rental Income: $1431 Traditional Rental Income: $1998 Airbnb ROI: 2.48% 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.	$449,900	Airbnb cash on cash: 0.21% Traditional cash on cash: 1.76% Airbnb Rental Income: $1374 Traditional Rental Income: $1609 Airbnb ROI: 0.21% Traditional ROI: 1.76%
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.	$220,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 4.78% Airbnb Rental Income: $1374 Traditional Rental Income: $1483 Airbnb ROI: 2.25% Traditional ROI: 4.78%
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.	$1,449,000	Airbnb cash on cash: -1.02% Traditional cash on cash: -1.11% Airbnb Rental Income: $2790 Traditional Rental Income: $2008 Airbnb ROI: -1.02% Traditional ROI: -1.11%
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: 1.12% Traditional cash on cash: 1.39% Airbnb Rental Income: $2790 Traditional Rental Income: $2290 Airbnb ROI: 1.12% 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.	$315,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 7.57% Airbnb Rental Income: $1487 Traditional Rental Income: $2789 Airbnb ROI: 1.7% Traditional ROI: 7.57%
5715 Loeffler Drive Grayling, MI Charming & full of potential, this super adorable 2 bedroom, 1 bath cabin offers the perfe...	2 beds \| 1 baths \| 981 sq.ft.	$175,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 5.4% Airbnb Rental Income: $1374 Traditional Rental Income: $1412 Airbnb ROI: 2.66% Traditional ROI: 5.4%
3144 S Wakeley Bridge Road Grayling, MI The main house includes a charming second cabin featuring 1 bedroom, a kitchenette, bath, ...	2 beds \| 1 baths \| 1,540 sq.ft.	$199,043	Airbnb cash on cash: 2.82% Traditional cash on cash: 6.73% Airbnb Rental Income: $1374 Traditional Rental Income: $1695 Airbnb ROI: 2.82% Traditional ROI: 6.73%
11786 Monarch Meadow Trail Grayling, MI Amazing property you have to experience in person! Nestled on 22 breathtaking acres with f...	2 beds \| 1 baths \| 780 sq.ft.	$224,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.69% Airbnb Rental Income: $1374 Traditional Rental Income: $1415 Airbnb ROI: 1.53% Traditional ROI: 3.69%
7977 Mershon Trail Grayling, MI Outdoorsman's dream! 330' of river frontage on the north branch of the Au Sable River. Thi...	1 beds \| 1 baths \| 728 sq.ft.	$299,999	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.52% Airbnb Rental Income: $731 Traditional Rental Income: $1295 Airbnb ROI: -0.58% Traditional ROI: 2.52%
2769 Hideaway Drive Grayling, MI Three bedroom chalet with unattached 24x38 garage! Features include propane forced air hea...	3 beds \| 1 baths \| 1,320 sq.ft.	$194,500	Airbnb cash on cash: 2.41% Traditional cash on cash: 5.54% Airbnb Rental Income: $1431 Traditional Rental Income: $1581 Airbnb ROI: 2.41% Traditional ROI: 5.54%
801 S AuSable Trail Grayling, MI Welcome to S. AuSable Tr, on the Main Branch of AuSable River! Offering 206' of AuSable Ri...	3 beds \| 2 baths \| 1,856 sq.ft.	$349,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 6.39% Airbnb Rental Income: $1431 Traditional Rental Income: $2678 Airbnb ROI: 1.29% Traditional ROI: 6.39%
10727 Linger Longer Grayling, MI Up North paradise awaits! Nestled on 3 beautifully wooded acres, this charming home is tuc...	3 beds \| 1 baths \| 1,480 sq.ft.	$239,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 5.33% Airbnb Rental Income: $1431 Traditional Rental Income: $1640 Airbnb ROI: 2.51% Traditional ROI: 5.33%
6081 W Beaver Road Grayling, MI Located in the heart of Northern Michigan, this private 3-bed/2-bath home sits on 10 woode...	3 beds \| 2 baths \| 1,680 sq.ft.	$369,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 3.47% Airbnb Rental Income: $1431 Traditional Rental Income: $1929 Airbnb ROI: 0.8% Traditional ROI: 3.47%

Real Estate investment in Grayling, MI

There are 42 properties for sale in the city of Grayling . The median list price in Grayling is $169,898 and the average price per square foot is $98. In July 2026, the average monthly cash on cash return in Grayling is 5.00%. The average monthly rental income in Grayling is $1,718.

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

There are 42 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 $1,718.

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.

$199,000

Airbnb cash on cash: 8.3%

Traditional cash on cash: 9.41%

Airbnb Rental Income: $2790

Traditional Rental Income: $2346

Airbnb ROI: 8.3%

Traditional ROI: 9.41%

1065 S Mcmasters Bridge Road

Grayling, MI

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

$849,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $2790

Traditional Rental Income: $4108

Airbnb ROI: -0.21%

Traditional ROI: 2.29%

10441 Alpenhof Drive

Grayling, MI

3 beds | 1 baths | 1,140 sq.ft.

$186,000

Airbnb cash on cash: 3.43%

Traditional cash on cash: 7.6%

Airbnb Rental Income: $1431

Traditional Rental Income: $1741

Airbnb ROI: 3.43%

Traditional ROI: 7.6%

3140 Northeast Trail

Grayling, MI

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

$334,999

Airbnb cash on cash: 0.31%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1431

Traditional Rental Income: $2126

Airbnb ROI: 0.31%

Traditional ROI: 3.88%

602 MAPLE ST

Grayling, MI

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

$365,000

Airbnb cash on cash: -1.27%

Traditional cash on cash: -0.21%

Airbnb Rental Income: $854

Traditional Rental Income: $884

Airbnb ROI: -1.27%

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: -0.7%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1487

Traditional Rental Income: $2519

Airbnb ROI: -0.7%

Traditional ROI: 2.11%

6972 W Seven Mile Road

Grayling, MI

2 beds | 1 baths | 960 sq.ft.

$315,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $1374

Traditional Rental Income: $1624

Airbnb ROI: 0.39%

Traditional ROI: 2.65%

107 Vilas Street

Grayling, MI

2 beds | 1 baths | 1,000 sq.ft.

$189,900

Airbnb cash on cash: 2.27%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1374

Traditional Rental Income: $1135

Airbnb ROI: 2.27%