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
719 Wright Rd Grayling, MI The source for information of this property is the county and township records, past appra...	4 beds \| 4 baths \| 4,686 sq.ft.	$747,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.48% Airbnb Rental Income: $2071 Traditional Rental Income: $3705 Airbnb ROI: 0.37% Traditional ROI: 3.48%
8085 Collen Ave Grayling, MI Within walking distance to the road end access on Lake Margrethe, great spot to watch the ...	3 beds \| 2 baths \| 1,080 sq.ft.	$129,900	Airbnb cash on cash: 5.95% Traditional cash on cash: 10.29% Airbnb Rental Income: $1553 Traditional Rental Income: $1647 Airbnb ROI: 5.95% Traditional ROI: 10.29%
209 Peninsular Ave #A Grayling, MI Downtown Grayling DUCK POND condos- ONLY 3 left! FIRST EVER & waiting for new owners! Brig...	2 beds \| 2 baths \| 1,920 sq.ft.	$214,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 10.71% Airbnb Rental Income: $1726 Traditional Rental Income: $2785 Airbnb ROI: 3.14% Traditional ROI: 10.71%
2488 S Horseshoe Trl Grayling, MI This comfortable oasis offers 8 acres of privacy for weekend or full time use. Just a few ...	1 beds \| 1 baths \| 1,040 sq.ft.	$149,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 5.54% Airbnb Rental Income: $750 Traditional Rental Income: $1103 Airbnb ROI: 0.89% Traditional ROI: 5.54%
1065 S Mcmasters Bridge Rd Grayling, MI Welcome to 1065 S McMasters Bridge Rd in Grayling! An exceptional log cabin retreat set al...	4 beds \| 3 baths \| 2,960 sq.ft.	$750,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 2.72% Airbnb Rental Income: $2071 Traditional Rental Income: $4108 Airbnb ROI: -0.96% Traditional ROI: 2.72%
5731 Wellington Way Grayling, MI Sprawling Ranch with full basement & Fireplace, Large attached garage with covered parking...	3 beds \| 1 baths \| 2,400 sq.ft.	$248,900	Airbnb cash on cash: 1.79% Traditional cash on cash: 4.33% Airbnb Rental Income: $1553 Traditional Rental Income: $1702 Airbnb ROI: 1.79% Traditional ROI: 4.33%
10441 Alpenhof Dr 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: 4.01% Traditional cash on cash: 7.6% Airbnb Rental Income: $1553 Traditional Rental Income: $1741 Airbnb ROI: 4.01% Traditional ROI: 7.6%
3140 Northeast Trl Grayling, MI Welcome to Warblers Hideaway, a community with plenty of association amenities to enjoy. T...	3 beds \| 2 baths \| 1,526 sq.ft.	$324,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 3.99% Airbnb Rental Income: $1553 Traditional Rental Income: $2126 Airbnb ROI: 0.65% Traditional ROI: 3.99%
2153 Viking Way Grayling, MI This well maintained 2-bedroom, 2-bath, 1182 sq. ft. home is located in the Viking Village...	2 beds \| 2 baths \| 1,394 sq.ft.	$164,900	Airbnb cash on cash: 3.78% Traditional cash on cash: 7.6% Airbnb Rental Income: $1726 Traditional Rental Income: $1851 Airbnb ROI: 3.78% Traditional ROI: 7.6%
286 E M-72 Hwy Grayling, MI Beautiful Chalet in the woods. Approx. 5 miles east of Grayling. Conveniently located on m...	3 beds \| 2 baths \| 2,900 sq.ft.	$365,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.48% Airbnb Rental Income: $1553 Traditional Rental Income: $2492 Airbnb ROI: 0.43% Traditional ROI: 4.48%
11706 Crapo Lake Rd Grayling, MI You will not believe this when you see it! 3/2 COMPLETELY remodeled home inside and out! Q...	3 beds \| 2 baths \| 1,944 sq.ft.	$246,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 5.59% Airbnb Rental Income: $1553 Traditional Rental Income: $1643 Airbnb ROI: 3.28% Traditional ROI: 5.59%
2392 S Horseshoe Trl Grayling, MI Needs some Lovin but Lots of potential awaits new owners of this stable, 1520 sq ft home o...	2 beds \| 1 baths \| 1,520 sq.ft.	$169,900	Airbnb cash on cash: 4.63% Traditional cash on cash: 3.93% Airbnb Rental Income: $1726 Traditional Rental Income: $1136 Airbnb ROI: 4.63% Traditional ROI: 3.93%
11846 W M-72 Hwy 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: 0.1% Traditional cash on cash: 2.11% Airbnb Rental Income: $1990 Traditional Rental Income: $2519 Airbnb ROI: 0.1% Traditional ROI: 2.11%
6972 W Seven Mile Rd Grayling, MI Set on 35 pristine acres of mixed hardwoods and evergreens, this serene property offers ab...	2 beds \| 1 baths \| 960 sq.ft.	$300,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 2.9% Airbnb Rental Income: $1726 Traditional Rental Income: $1624 Airbnb ROI: 1.57% Traditional ROI: 2.9%
107 Vilas St 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.	$185,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 3.41% Airbnb Rental Income: $1726 Traditional Rental Income: $1135 Airbnb ROI: 4.06% Traditional ROI: 3.41%
1880 Cherry Creek Trl Grayling, MI Welcome to your up north getaway in beautiful Grayling, Michigan. This fully furnished cab...	3 beds \| 1 baths \| 1,852 sq.ft.	$382,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 5.57% Airbnb Rental Income: $1553 Traditional Rental Income: $2471 Airbnb ROI: 1.76% Traditional ROI: 5.57%
6252 Old Lake Rd Grayling, MI Charming 2-3 bedroom home with real wood interior, updated kitchen and bath. SS appliances...	3 beds \| 1 baths \| 1,050 sq.ft.	$169,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 7.68% Airbnb Rental Income: $1553 Traditional Rental Income: $1557 Airbnb ROI: 4.87% Traditional ROI: 7.68%
301 Madsen St Grayling, MI Completely Renovated and Move-In Ready! This stunning 2-bedroom, 1-bath home has been tran...	2 beds \| 1 baths \| 848 sq.ft.	$149,900	Airbnb cash on cash: 6.5% Traditional cash on cash: 7.51% Airbnb Rental Income: $1726 Traditional Rental Income: $1394 Airbnb ROI: 6.5% Traditional ROI: 7.51%
2498 W Five Mile Rd 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: -0.48% Traditional cash on cash: 1.92% Airbnb Rental Income: $750 Traditional Rental Income: $1171 Airbnb ROI: -0.48% Traditional ROI: 1.92%
2969 Cambay Trl 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: 5.16% Traditional cash on cash: 7.71% Airbnb Rental Income: $1553 Traditional Rental Income: $1460 Airbnb ROI: 5.16% Traditional ROI: 7.71%
2706 Newatch Ave Grayling, MI Welcome to your dream getaway! Nestled along the pristine Au Sable River, this beautifully...	2 beds \| 1 baths \| 945 sq.ft.	$219,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 5.18% Airbnb Rental Income: $1726 Traditional Rental Income: $1464 Airbnb ROI: 4.15% Traditional ROI: 5.18%
3935 Tara Ln Grayling, MI MOIVATED SELLER! This stunning rustic home is Timber Frame construction boasting 4100 sf o...	2 beds \| 3 baths \| 4,100 sq.ft.	$449,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.57% Airbnb Rental Income: $1726 Traditional Rental Income: $3151 Airbnb ROI: 1.04% Traditional ROI: 5.57%
935 Robinhood Ln 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: 1.8% Traditional cash on cash: 4.54% Airbnb Rental Income: $1553 Traditional Rental Income: $2068 Airbnb ROI: 1.8% Traditional ROI: 4.54%
2894 White Pine Dr 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.	$119,900	Airbnb cash on cash: 8.07% Traditional cash on cash: 10.85% Airbnb Rental Income: $1726 Traditional Rental Income: $1571 Airbnb ROI: 8.07% Traditional ROI: 10.85%
2200 Daffodil Trl 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: 2.18% Traditional cash on cash: 6.71% Airbnb Rental Income: $1553 Traditional Rental Income: $2302 Airbnb ROI: 2.18% Traditional ROI: 6.71%
4079 W Pinecrest Rd Grayling, MI 4079 W Pinecrest Rd, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$144,900	Airbnb cash on cash: 4.78% Traditional cash on cash: 5.32% Airbnb Rental Income: $1553 Traditional Rental Income: $1180 Airbnb ROI: 4.78% Traditional ROI: 5.32%
2698 Newatch Ave Grayling, MI 2698 Newatch Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$275,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 1.67% Airbnb Rental Income: $1553 Traditional Rental Income: $1180 Airbnb ROI: 1.38% Traditional ROI: 1.67%
9246 Outing Pl Grayling, MI 9246 Outing Pl, Grayling, MI 49738 \| Single Family Residential	2 beds \| 2 baths \| 1,017 sq.ft.	$350,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.54% Airbnb Rental Income: $1726 Traditional Rental Income: $1756 Airbnb ROI: 0.99% Traditional ROI: 2.54%
6573 Williams Trl Grayling, MI 6573 Williams Trl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$129,900	Airbnb cash on cash: -1.34% Traditional cash on cash: 2.07% Airbnb Rental Income: $513 Traditional Rental Income: $665 Airbnb ROI: -1.34% Traditional ROI: 2.07%
1205 E Michigan Ave Grayling, MI 1205 E Michigan Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 2 baths \| 2,240 sq.ft.	$235,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 6.4% Airbnb Rental Income: $1553 Traditional Rental Income: $2076 Airbnb ROI: 2.03% Traditional ROI: 6.4%
Parcel B Cherry Creek Trl Grayling, MI Parcel B Cherry Creek Trl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$165,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 0.38% Airbnb Rental Income: $513 Traditional Rental Income: $548 Airbnb ROI: -1.59% Traditional ROI: 0.38%
N Wakeley Bridge Rd #040-40-012-11-040-00 Grayling, MI Wakeley Bridge Rd, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$64,900	Airbnb cash on cash: -0.22% Traditional cash on cash: 8.62% Airbnb Rental Income: $513 Traditional Rental Income: $811 Airbnb ROI: -0.22% Traditional ROI: 8.62%
V/L L71-75 Evergreen Dr Lot 71-75 Grayling, MI V/L L71-75 Evergreen Dr, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 8.24% Airbnb Rental Income: $513 Traditional Rental Income: $537 Airbnb ROI: 1.06% Traditional ROI: 8.24%

Real Estate investment in Grayling, MI

There are 137 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 $141. In October 2026, the average monthly cash on cash return in Grayling is 6.00%. The average monthly rental income in Grayling is $1,158.

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

There are 137 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 $1,158.

Your search for investment property begins and ends here

Investment Property for Sale in Grayling, MI

719 Wright Rd

Grayling, MI

4 beds | 4 baths | 4,686 sq.ft.

$747,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 3.48%

Airbnb Rental Income: $2071

Traditional Rental Income: $3705

Airbnb ROI: 0.37%

Traditional ROI: 3.48%

8085 Collen Ave

Grayling, MI

3 beds | 2 baths | 1,080 sq.ft.

$129,900

Airbnb cash on cash: 5.95%

Traditional cash on cash: 10.29%

Airbnb Rental Income: $1553

Traditional Rental Income: $1647

Airbnb ROI: 5.95%

Traditional ROI: 10.29%

209 Peninsular Ave #A

Grayling, MI

2 beds | 2 baths | 1,920 sq.ft.

$214,000

Airbnb cash on cash: 3.14%

Traditional cash on cash: 10.71%

Airbnb Rental Income: $1726

Traditional Rental Income: $2785

Airbnb ROI: 3.14%

Traditional ROI: 10.71%

2488 S Horseshoe Trl

Grayling, MI

1 beds | 1 baths | 1,040 sq.ft.

$149,900

Airbnb cash on cash: 0.89%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $750

Traditional Rental Income: $1103

Airbnb ROI: 0.89%

Traditional ROI: 5.54%

1065 S Mcmasters Bridge Rd

Grayling, MI

4 beds | 3 baths | 2,960 sq.ft.

$750,000

Airbnb cash on cash: -0.96%

Traditional cash on cash: 2.72%

Airbnb Rental Income: $2071

Traditional Rental Income: $4108

Airbnb ROI: -0.96%

Traditional ROI: 2.72%

5731 Wellington Way

Grayling, MI

3 beds | 1 baths | 2,400 sq.ft.

$248,900

Airbnb cash on cash: 1.79%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1553

Traditional Rental Income: $1702

Airbnb ROI: 1.79%

Traditional ROI: 4.33%

10441 Alpenhof Dr

Grayling, MI

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

$186,000

Airbnb cash on cash: 4.01%

Traditional cash on cash: 7.6%

Airbnb Rental Income: $1553

Traditional Rental Income: $1741

Airbnb ROI: 4.01%

Traditional ROI: 7.6%

3140 Northeast Trl

Grayling, MI

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

$324,900

Airbnb cash on cash: 0.65%

Traditional cash on cash: 3.99%

Airbnb Rental Income: $1553

Traditional Rental Income: $2126

Airbnb ROI: 0.65%