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
10317 Slide A Ways Trail Grayling, MI Welcome to 10317 Slide A Ways Trail, an inviting and beautifully maintained residence offe...	3 beds \| 2 baths \| 1,876 sq.ft.	$450,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 3.47% Airbnb Rental Income: $1196 Traditional Rental Income: $2618 Airbnb ROI: -0.83% Traditional ROI: 3.47%
11858 Crapo Lake Road Grayling, MI Discover the potential of this 3-bedroom, 2-bath frame-constructed home situated on 3.77 a...	3 beds \| 2 baths \| 2,196 sq.ft.	$179,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 11.52% Airbnb Rental Income: $1196 Traditional Rental Income: $2496 Airbnb ROI: 1.66% Traditional ROI: 11.52%
3145 Timberlane Trail Grayling, MI This home offers the charm of country living with the amenities of a resort community. Spa...	3 beds \| 2 baths \| 1,820 sq.ft.	$198,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 11.55% Airbnb Rental Income: $1196 Traditional Rental Income: $2639 Airbnb ROI: 1.8% Traditional ROI: 11.55%
610 Spruce Street Grayling, MI Long terms tenants looking to stay. Duplex has two 1 bedroom/1 bath units with laundry hoo...	2 beds \| N/A baths \| 920 sq.ft.	$167,000	Airbnb cash on cash: 3.74% Traditional cash on cash: 6.59% Airbnb Rental Income: $1412 Traditional Rental Income: $1442 Airbnb ROI: 3.74% Traditional ROI: 6.59%
6364 Atkinson Road Grayling, MI Discover this charming ranch home nestled on a spacious lot, this property offers a seamle...	3 beds \| 1 baths \| 780 sq.ft.	$149,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 8.42% Airbnb Rental Income: $1196 Traditional Rental Income: $1591 Airbnb ROI: 2.93% Traditional ROI: 8.42%
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: -0.37% Traditional cash on cash: 3.7% Airbnb Rental Income: $1196 Traditional Rental Income: $2126 Airbnb ROI: -0.37% Traditional ROI: 3.7%
155 Tamarack Circle Grayling, MI This three-bedroom, 1 bath home is located in Manistee River Woods off Arrowhead Rd which ...	3 beds \| 1 baths \| 1,100 sq.ft.	$127,500	Airbnb cash on cash: 3.89% Traditional cash on cash: 11.14% Airbnb Rental Income: $1196 Traditional Rental Income: $1698 Airbnb ROI: 3.89% Traditional ROI: 11.14%
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: 3.56% Traditional cash on cash: 6.21% Airbnb Rental Income: $1690 Traditional Rental Income: $1784 Airbnb ROI: 3.56% 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: -2.88% Traditional cash on cash: -0.21% Airbnb Rental Income: $191 Traditional Rental Income: $884 Airbnb ROI: -2.88% Traditional ROI: -0.21%
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.	$325,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.49% Airbnb Rental Income: $1412 Traditional Rental Income: $1624 Airbnb ROI: 0.41% Traditional ROI: 2.49%
15983 Snay Drive SE Grayling, MI Step into easy main-floor living with this 3 bed/2 bath ranch-style log home, perfectly bl...	3 beds \| 2 baths \| 1,545 sq.ft.	$274,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 5.52% Airbnb Rental Income: $1196 Traditional Rental Income: $1903 Airbnb ROI: 1.29% Traditional ROI: 5.52%
4869 Brighton Circle N Grayling, MI Value Add Opportunity!!! Licensed for 49 Lots with its own private utilities, this park is...	N/A beds \| N/A baths \| N/A	$995,000	Airbnb cash on cash: -1.4% Traditional cash on cash: 0.39% Airbnb Rental Income: $191 Traditional Rental Income: $1626 Airbnb ROI: -1.4% Traditional ROI: 0.39%
701 Chestnut Street Grayling, MI Perfectly preserved early 20th Century craftsmanship of bounds in this beautiful classic h...	5 beds \| N/A baths \| 2,250 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.26% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 8.26%
2741 E M-72 Grayling, MI Charming 2-Bedroom Ranch on 3.65 Acres - Nature Lover's Paradise! Don't miss this well-mai...	2 beds \| 1 baths \| 1,048 sq.ft.	$225,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 5.28% Airbnb Rental Income: $1412 Traditional Rental Income: $1520 Airbnb ROI: 2.78% Traditional ROI: 5.28%
9143 N Lakeshore Drive Grayling, MI 50' ON LAKE MARGRETHE (1900 ACRES) ALL SPORTS LAKE. Beautiful views of Lake Margrethe and ...	2 beds \| 1 baths \| 847 sq.ft.	$469,500	Airbnb cash on cash: 0.23% Traditional cash on cash: 1.21% Airbnb Rental Income: $1412 Traditional Rental Income: $1417 Airbnb ROI: 0.23% Traditional ROI: 1.21%
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.	$375,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.54% Airbnb Rental Income: $663 Traditional Rental Income: $1171 Airbnb ROI: -0.75% Traditional ROI: 1.54%
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.	$150,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 7.43% Airbnb Rental Income: $1196 Traditional Rental Income: $1460 Airbnb ROI: 2.88% Traditional ROI: 7.43%
6960 Trem Pal Grayling, MI PRIVATE mainstream AuSable riverfront seclusion- beautifully set in the woods on a dead en...	3 beds \| 2 baths \| 1,728 sq.ft.	$387,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.05% Airbnb Rental Income: $1196 Traditional Rental Income: $2464 Airbnb ROI: 0.48% Traditional ROI: 5.05%
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: 2.59% Traditional cash on cash: 4.71% Airbnb Rental Income: $1412 Traditional Rental Income: $1464 Airbnb ROI: 2.59% Traditional ROI: 4.71%
3935 Tara Lane Grayling, MI Timber built home, very beautiful and hard to find in Grayling Township. This home has an ...	2 beds \| 4 baths \| 4,100 sq.ft.	$539,900	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.47% Airbnb Rental Income: $1412 Traditional Rental Income: $3151 Airbnb ROI: 0.19% Traditional ROI: 4.47%
935 Robinhood Lane Grayling, MI Beautifully maintained custom saltbox home with a full finished basement and plenty of ext...	3 beds \| 2 baths \| 3,439 sq.ft.	$375,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.54% Airbnb Rental Income: $1196 Traditional Rental Income: $2068 Airbnb ROI: 0.96% Traditional ROI: 4.54%
4240 Diamond Drive Grayling, MI Looking for a slice of Up North living? Welcome to this 3-bedroom, 2-bath home nestled on ...	3 beds \| 2 baths \| 1,076 sq.ft.	$139,900	Airbnb cash on cash: 2.82% Traditional cash on cash: 10.05% Airbnb Rental Income: $1196 Traditional Rental Income: $1779 Airbnb ROI: 2.82% Traditional ROI: 10.05%
4593 Orbit Drive Grayling, MI Are you ready to make some memories with friends and family on 200' of the Au Sable River?...	5 beds \| 2 baths \| 2,045 sq.ft.	$574,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $2955 Airbnb ROI: N/A Traditional ROI: 3.81%
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.	$145,500	Airbnb cash on cash: 4.65% Traditional cash on cash: 8.84% Airbnb Rental Income: $1412 Traditional Rental Income: $1571 Airbnb ROI: 4.65% Traditional ROI: 8.84%
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: 1.05% Traditional cash on cash: 6.71% Airbnb Rental Income: $1196 Traditional Rental Income: $2302 Airbnb ROI: 1.05% Traditional ROI: 6.71%
109 State Street Grayling, MI Come see this hidden Gem, located just a short walk to the canoe liveries & the amazing Au...	2 beds \| 1 baths \| 1,134 sq.ft.	$104,000	Airbnb cash on cash: 7.1% Traditional cash on cash: 11.77% Airbnb Rental Income: $1412 Traditional Rental Income: $1459 Airbnb ROI: 7.1% Traditional ROI: 11.77%
8521 Lovells Road Grayling, MI This super cute home is in the beautiful and friendly village of Lovells. The home is in e...	2 beds \| 1 baths \| 1,083 sq.ft.	$154,900	Airbnb cash on cash: 4.14% Traditional cash on cash: 7.05% Airbnb Rental Income: $1412 Traditional Rental Income: $1418 Airbnb ROI: 4.14% Traditional ROI: 7.05%
8451 N Sherman Road Grayling, MI Prime Hunting Property! Nearly 50 rolling acres of beautiful hardwoods between Gaylord and...	2 beds \| 2 baths \| 2,112 sq.ft.	$390,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.36% Airbnb Rental Income: $1412 Traditional Rental Income: $1968 Airbnb ROI: 0.68% Traditional ROI: 3.36%
10351 Big Creek Road Grayling, MI Cozy 2-bed, 1-bath home on 4 lots totaling 1 acre in the peaceful Warbler's Hideaway commu...	2 beds \| 1 baths \| 859 sq.ft.	$179,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 5.14% Airbnb Rental Income: $1412 Traditional Rental Income: $1256 Airbnb ROI: 3.56% Traditional ROI: 5.14%
110 State Street Grayling, MI Live on the AuSable River in Downtown Grayling â Residential Home + Optional Lifestyle ...	3 beds \| 3 baths \| 1,434 sq.ft.	$660,000	Airbnb cash on cash: -1.37% Traditional cash on cash: 1.74% Airbnb Rental Income: $1196 Traditional Rental Income: $2719 Airbnb ROI: -1.37% Traditional ROI: 1.74%

Real Estate investment in Grayling, MI

There are 33 properties for sale in the city of Grayling . The median list price in Grayling is $237,500 and the average price per square foot is $152. In December 2025, the average monthly cash on cash return in Grayling is 6.00%. The average monthly rental income in Grayling is $1,779.

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

There are 33 investment properties available for sale in Grayling.

In 2025, 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 $1,779.

Your search for investment property begins and ends here

Investment Property for Sale in Grayling, MI

10317 Slide A Ways Trail

Grayling, MI

3 beds | 2 baths | 1,876 sq.ft.

$450,000

Airbnb cash on cash: -0.83%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $1196

Traditional Rental Income: $2618

Airbnb ROI: -0.83%

Traditional ROI: 3.47%

11858 Crapo Lake Road

Grayling, MI

3 beds | 2 baths | 2,196 sq.ft.

$179,900

Airbnb cash on cash: 1.66%

Traditional cash on cash: 11.52%

Airbnb Rental Income: $1196

Traditional Rental Income: $2496

Airbnb ROI: 1.66%

Traditional ROI: 11.52%

3145 Timberlane Trail

Grayling, MI

3 beds | 2 baths | 1,820 sq.ft.

$198,000

Airbnb cash on cash: 1.8%

Traditional cash on cash: 11.55%

Airbnb Rental Income: $1196

Traditional Rental Income: $2639

Airbnb ROI: 1.8%

Traditional ROI: 11.55%

610 Spruce Street

Grayling, MI

2 beds | N/A baths | 920 sq.ft.

$167,000

Airbnb cash on cash: 3.74%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $1412

Traditional Rental Income: $1442

Airbnb ROI: 3.74%

Traditional ROI: 6.59%

6364 Atkinson Road

Grayling, MI

3 beds | 1 baths | 780 sq.ft.

$149,000

Airbnb cash on cash: 2.93%

Traditional cash on cash: 8.42%

Airbnb Rental Income: $1196

Traditional Rental Income: $1591

Airbnb ROI: 2.93%

Traditional ROI: 8.42%

3140 Northeast Trail

Grayling, MI

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

$345,000

Airbnb cash on cash: -0.37%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1196

Traditional Rental Income: $2126

Airbnb ROI: -0.37%

Traditional ROI: 3.7%

155 Tamarack Circle

Grayling, MI

3 beds | 1 baths | 1,100 sq.ft.

$127,500

Airbnb cash on cash: 3.89%

Traditional cash on cash: 11.14%

Airbnb Rental Income: $1196

Traditional Rental Income: $1698

Airbnb ROI: 3.89%

Traditional ROI: 11.14%

403 Erie Street

Grayling, MI

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

$225,000

Airbnb cash on cash: 3.56%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $1690

Traditional Rental Income: $1784

Airbnb ROI: 3.56%