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.	$475,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 3.15% Airbnb Rental Income: $1035 Traditional Rental Income: $2618 Airbnb ROI: -1.22% Traditional ROI: 3.15%
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.	$210,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 10.85% Airbnb Rental Income: $1035 Traditional Rental Income: $2639 Airbnb ROI: 0.97% Traditional ROI: 10.85%
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: 2.68% Traditional cash on cash: 6.59% Airbnb Rental Income: $1211 Traditional Rental Income: $1442 Airbnb ROI: 2.68% 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: 1.98% Traditional cash on cash: 8.42% Airbnb Rental Income: $1035 Traditional Rental Income: $1591 Airbnb ROI: 1.98% Traditional ROI: 8.42%
8530 W Matilda Drive Grayling, MI Great home in a great location! Access to Lake Margrethe within walking distance! Natural ...	2 beds \| 1 baths \| 768 sq.ft.	$179,900	Airbnb cash on cash: 3.2% Traditional cash on cash: 6.64% Airbnb Rental Income: $1211 Traditional Rental Income: $1410 Airbnb ROI: 3.2% Traditional ROI: 6.64%
11208 Red Dog Trail Grayling, MI This extraordinary 20-acre estate encompasses the legendary Devilâs Elbow of the Au Sabl...	2 beds \| N/A baths \| 1,351 sq.ft.	$755,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.4% Airbnb Rental Income: $1211 Traditional Rental Income: $2236 Airbnb ROI: -0.61% Traditional ROI: 1.4%
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: $1035 Traditional Rental Income: $2126 Airbnb ROI: -0.79% Traditional ROI: 3.7%
11818 Crapo Lake Road Grayling, MI Adventure out front, comfort inside. Fresh and completely renovated 3BR/2BA home where mod...	3 beds \| 2 baths \| 1,304 sq.ft.	$189,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 6.7% Airbnb Rental Income: $1035 Traditional Rental Income: $1536 Airbnb ROI: 1.9% Traditional ROI: 6.7%
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: 2.79% Traditional cash on cash: 11.14% Airbnb Rental Income: $1035 Traditional Rental Income: $1698 Airbnb ROI: 2.79% Traditional ROI: 11.14%
403 Erie Street Grayling, MI Location is everything. 1 block from Grayling Hospital, School, The Brook, Daycare & Dr/De...	4 beds \| 1 baths \| 1,650 sq.ft.	$220,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 6.37% Airbnb Rental Income: $1195 Traditional Rental Income: $1784 Airbnb ROI: 1.68% Traditional ROI: 6.37%
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: -2.84% Traditional cash on cash: -0.21% Airbnb Rental Income: $210 Traditional Rental Income: $884 Airbnb ROI: -2.84% Traditional ROI: -0.21%
120 West Drive Grayling, MI Beautifully maintained 3 bedroom, 2.5 bathroom home in a quiet neighborhood, with a very p...	3 beds \| N/A baths \| 1,640 sq.ft.	$265,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 5.26% Airbnb Rental Income: $1035 Traditional Rental Income: $1769 Airbnb ROI: 0.88% Traditional ROI: 5.26%
1840 Shaw Park Road Grayling, MI Outdoor Lover's Retreat - Cabin on 5 Acres Near Au Sable River! This charming cabin is rea...	1 beds \| N/A baths \| 280 sq.ft.	$65,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 10.38% Airbnb Rental Income: $600 Traditional Rental Income: $846 Airbnb ROI: 2.13% Traditional ROI: 10.38%
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.	$285,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 5.29% Airbnb Rental Income: $1035 Traditional Rental Income: $1903 Airbnb ROI: 0.71% Traditional ROI: 5.29%
5477 and 5466 Pershing Place Grayling, MI This breathtaking property offers the perfect blend of rustic charm and modern comfort. Si...	3 beds \| 2 baths \| 990 sq.ft.	$749,000	Airbnb cash on cash: -1.7% Traditional cash on cash: 0.01% Airbnb Rental Income: $1035 Traditional Rental Income: $1869 Airbnb ROI: -1.7% Traditional ROI: 0.01%
5589 Pershing Place Grayling, MI Nestled amidst the serene nature of the AuSable River lies another remarkable Royal Stag p...	4 beds \| 2 baths \| 1,176 sq.ft.	$799,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 0.25% Airbnb Rental Income: $1195 Traditional Rental Income: $2161 Airbnb ROI: -1.57% Traditional ROI: 0.25%
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: -1.38% Traditional cash on cash: 0.39% Airbnb Rental Income: $210 Traditional Rental Income: $1626 Airbnb ROI: -1.38% Traditional ROI: 0.39%
277 Wendy Lane Grayling, MI AuSable River frontage!! 175' of prime frontage with no commercial canoe traffic. Home boa...	4 beds \| N/A baths \| 1,700 sq.ft.	$324,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.35% Airbnb Rental Income: $1195 Traditional Rental Income: $2619 Airbnb ROI: 0.42% Traditional ROI: 6.35%
15968 M-72 Grayling, MI Price Improvement TWO HOMES!! Manufactured home with an attached, 2+ car garage and lea...	4 beds \| 3 baths \| 1,768 sq.ft.	$287,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 8.07% Airbnb Rental Income: $1195 Traditional Rental Income: $2590 Airbnb ROI: 1.47% Traditional ROI: 8.07%
15831 SE M 72 Grayling, MI Turn key Barndominium!!! Right in the heart of Northern Michigans playground!!! This taste...	2 beds \| 2 baths \| 968 sq.ft.	$179,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 7.56% Airbnb Rental Income: $1211 Traditional Rental Income: $1636 Airbnb ROI: 2.79% Traditional ROI: 7.56%
5844 Keipinger Trail Grayling, MI This exceptional home offers peace of mind and plenty of space, both inside and out. Situa...	3 beds \| 2 baths \| 1,352 sq.ft.	$209,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 8.49% Airbnb Rental Income: $1035 Traditional Rental Income: $2083 Airbnb ROI: 1.37% Traditional ROI: 8.49%
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: 2.13% Traditional cash on cash: 8.26% Airbnb Rental Income: $1587 Traditional Rental Income: $2639 Airbnb ROI: 2.13% 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: 1.99% Traditional cash on cash: 5.28% Airbnb Rental Income: $1211 Traditional Rental Income: $1520 Airbnb ROI: 1.99% Traditional ROI: 5.28%
5605 Pershing Place Grayling, MI Escape to the beauty of Northern Michigan with this exceptional 5 bed, 3.5 bath cabin nest...	5 beds \| 4 baths \| 2,324 sq.ft.	$1,249,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.23% Airbnb Rental Income: $1587 Traditional Rental Income: $4232 Airbnb ROI: -0.44% Traditional ROI: 2.23%
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: -0.15% Traditional cash on cash: 1.21% Airbnb Rental Income: $1211 Traditional Rental Income: $1417 Airbnb ROI: -0.15% 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. Recreat...	1 beds \| 1 baths \| 845 sq.ft.	$395,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 1.42% Airbnb Rental Income: $600 Traditional Rental Income: $1171 Airbnb ROI: -0.9% Traditional ROI: 1.42%
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: 1.95% Traditional cash on cash: 7.43% Airbnb Rental Income: $1035 Traditional Rental Income: $1460 Airbnb ROI: 1.95% Traditional ROI: 7.43%
1172 Trails End Grayling, MI Beautifully maintained home on 5 acres just minutes from downtown Grayling! This 2-bedroom...	2 beds \| 1 baths \| 2,160 sq.ft.	$280,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.34% Airbnb Rental Income: $1211 Traditional Rental Income: $1514 Airbnb ROI: 0.71% Traditional ROI: 3.34%
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: 0.11% Traditional cash on cash: 5.05% Airbnb Rental Income: $1035 Traditional Rental Income: $2464 Airbnb ROI: 0.11% 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.	$245,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 4.54% Airbnb Rental Income: $1211 Traditional Rental Income: $1464 Airbnb ROI: 1.76% Traditional ROI: 4.54%
8294 Julie Lane Grayling, MI Secluded 4+ acres, located at the end of Julie Lane off Six Mile RD near the Grayling Moos...	2 beds \| N/A baths \| 1,220 sq.ft.	$199,500	Airbnb cash on cash: 1.33% Traditional cash on cash: 4.98% Airbnb Rental Income: $1211 Traditional Rental Income: $1513 Airbnb ROI: 1.33% Traditional ROI: 4.98%
14628 Club Circle Grayling, MI A classic cottage on a classic setting on the pristine waters of the Manistee River in the...	3 beds \| 1 baths \| 1,180 sq.ft.	$299,900	Airbnb cash on cash: 0.58% Traditional cash on cash: 4.54% Airbnb Rental Income: $1035 Traditional Rental Income: $1791 Airbnb ROI: 0.58% Traditional ROI: 4.54%
1952 S Stephan Bridge Road Grayling, MI Fabulous Cabin Retreat Near the Au Sable River! Looking for the perfect Up North getaway? ...	2 beds \| 1 baths \| 1,160 sq.ft.	$179,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 7.44% Airbnb Rental Income: $1211 Traditional Rental Income: $1584 Airbnb ROI: 2.98% Traditional ROI: 7.44%
2676 Kirkland Drive Grayling, MI Cute and cozy cabin on Big Creek within Warbler's Hideaway. This property boats two lots a...	2 beds \| 1 baths \| 1,180 sq.ft.	$200,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 6.99% Airbnb Rental Income: $1211 Traditional Rental Income: $1713 Airbnb ROI: 2.29% Traditional ROI: 6.99%
3935 Tara Lane Grayling, MI Timber built home, very beautiful and hard to find in Grayling Township. This home has an ...	2 beds \| N/A baths \| 4,100 sq.ft.	$539,900	Airbnb cash on cash: -0.15% Traditional cash on cash: 4.47% Airbnb Rental Income: $1211 Traditional Rental Income: $3151 Airbnb ROI: -0.15% Traditional ROI: 4.47%
8994 S Oak Grayling, MI 5 bedrooms, 3 bathrooms with over 3,600sq ft on just over an acre. 30x40 pole barn plenty ...	5 beds \| 3 baths \| 3,652 sq.ft.	$350,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 8.05% Airbnb Rental Income: $1587 Traditional Rental Income: $3284 Airbnb ROI: 1.51% Traditional ROI: 8.05%
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: 0.58% Traditional cash on cash: 4.54% Airbnb Rental Income: $1035 Traditional Rental Income: $2068 Airbnb ROI: 0.58% Traditional ROI: 4.54%
10032 Washington Grayling, MI Amazing, immaculate ranch just a short walk to Lake Margrethe, DNR boat launch& only 4 mil...	3 beds \| N/A baths \| 1,716 sq.ft.	$289,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 6.22% Airbnb Rental Income: $1035 Traditional Rental Income: $2480 Airbnb ROI: -0.4% Traditional ROI: 6.22%
4240 Diamond Drive Grayling, MI Looking for your perfect getaway or full-time residence in Northern Michigan? This charmin...	3 beds \| 2 baths \| 1,076 sq.ft.	$139,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 10.05% Airbnb Rental Income: $1035 Traditional Rental Income: $1779 Airbnb ROI: 1.82% Traditional ROI: 10.05%
705 Plum Street Grayling, MI Grayling Fixer-Upper - Prime In-Town Location Near Schools! Opportunity knocks in the hear...	2 beds \| 1 baths \| 832 sq.ft.	$115,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 9.59% Airbnb Rental Income: $1211 Traditional Rental Income: $1348 Airbnb ROI: 4.84% Traditional ROI: 9.59%

Real Estate investment in Grayling, MI

There are 44 properties for sale in the city of Grayling . The median list price in Grayling is $260,000 and the average price per square foot is $170. In October 2025, the average monthly cash on cash return in Grayling is 6.00%. The average monthly rental income in Grayling is $1,769.

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

There are 44 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 $1,769.

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.

$475,000

Airbnb cash on cash: -1.22%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $1035

Traditional Rental Income: $2618

Airbnb ROI: -1.22%

Traditional ROI: 3.15%

3145 Timberlane Trail

Grayling, MI

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

$210,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 10.85%

Airbnb Rental Income: $1035

Traditional Rental Income: $2639

Airbnb ROI: 0.97%

Traditional ROI: 10.85%

610 Spruce Street

Grayling, MI

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

$167,000

Airbnb cash on cash: 2.68%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $1211

Traditional Rental Income: $1442

Airbnb ROI: 2.68%

Traditional ROI: 6.59%

6364 Atkinson Road

Grayling, MI

3 beds | 1 baths | 780 sq.ft.

$149,000

Airbnb cash on cash: 1.98%

Traditional cash on cash: 8.42%

Airbnb Rental Income: $1035

Traditional Rental Income: $1591

Airbnb ROI: 1.98%

Traditional ROI: 8.42%

8530 W Matilda Drive

Grayling, MI

2 beds | 1 baths | 768 sq.ft.

$179,900

Airbnb cash on cash: 3.2%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $1211

Traditional Rental Income: $1410

Airbnb ROI: 3.2%

Traditional ROI: 6.64%

11208 Red Dog Trail

Grayling, MI

2 beds | N/A baths | 1,351 sq.ft.

$755,000

Airbnb cash on cash: -0.61%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $1211

Traditional Rental Income: $2236

Airbnb ROI: -0.61%

Traditional ROI: 1.4%

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: $1035

Traditional Rental Income: $2126

Airbnb ROI: -0.79%

Traditional ROI: 3.7%

11818 Crapo Lake Road

Grayling, MI

3 beds | 2 baths | 1,304 sq.ft.

$189,000

Airbnb cash on cash: 1.9%

Traditional cash on cash: 6.7%

Airbnb Rental Income: $1035

Traditional Rental Income: $1536

Airbnb ROI: 1.9%