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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
10317 Slide A Ways Trl 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: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $2618 Airbnb ROI: N/A Traditional ROI: 3.47%
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: N/A Traditional cash on cash: 11.53% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 11.53%
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: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $1442 Airbnb ROI: N/A Traditional ROI: 6.59%
6364 Atkinson Rd 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: N/A Traditional cash on cash: 8.42% Airbnb Rental Income: $null Traditional Rental Income: $1591 Airbnb ROI: N/A Traditional ROI: 8.42%
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.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2126 Airbnb ROI: N/A Traditional ROI: 3.7%
403 Erie St 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: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $1784 Airbnb ROI: N/A Traditional ROI: 6.21%
4521 Skyline Rd Grayling, MI Pristine and well-kept chalet with an attached & heated 2-car garage in a quaint neighborh...	2 beds \| 2 baths \| 1,052 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $1819 Airbnb ROI: N/A Traditional ROI: 5.56%
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 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: N/A Traditional cash on cash: 2.11% Airbnb Rental Income: $null Traditional Rental Income: $2519 Airbnb ROI: N/A Traditional ROI: 2.11%
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.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.66% Airbnb Rental Income: $null Traditional Rental Income: $1903 Airbnb ROI: N/A Traditional ROI: 5.66%
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: N/A Traditional cash on cash: 0.39% Airbnb Rental Income: $null Traditional Rental Income: $1626 Airbnb ROI: N/A Traditional ROI: 0.39%
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: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $1520 Airbnb ROI: N/A Traditional ROI: 5.28%
3123 Lovells Rd Grayling, MI This updated and newly remodeled mobile is a must see! Situated on 5+ beautiful acres. Cen...	2 beds \| 1 baths \| 1,030 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.42% Airbnb Rental Income: $null Traditional Rental Income: $1516 Airbnb ROI: N/A Traditional ROI: 7.42%
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: N/A Traditional cash on cash: 7.43% Airbnb Rental Income: $null Traditional Rental Income: $1460 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 5.05% Airbnb Rental Income: $null Traditional Rental Income: $2464 Airbnb ROI: N/A Traditional ROI: 5.05%
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.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $1464 Airbnb ROI: N/A Traditional ROI: 4.71%
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.	$145,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $1571 Airbnb ROI: N/A Traditional ROI: 8.84%
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: N/A Traditional cash on cash: 6.71% Airbnb Rental Income: $null Traditional Rental Income: $2302 Airbnb ROI: N/A Traditional ROI: 6.71%
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.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $1968 Airbnb ROI: N/A Traditional ROI: 3.85%
110 State St 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: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $2719 Airbnb ROI: N/A Traditional ROI: 1.74%
15981 Snay Dr 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.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $1397 Airbnb ROI: N/A Traditional ROI: 6.03%
1486 S Stephan Bridge Rd Grayling, MI 1486 S Stephan Bridge Rd, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$69,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.87% Airbnb Rental Income: $null Traditional Rental Income: $811 Airbnb ROI: N/A Traditional ROI: 7.87%
2179 Danish Landing Rd Grayling, MI 2179 Danish Landing Rd, Grayling, MI 49738 \| Single Family Residential	4 beds \| 3 baths \| 1,760 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.6% Airbnb Rental Income: $null Traditional Rental Income: $2063 Airbnb ROI: N/A Traditional ROI: 2.6%
2832 Creekview Dr Grayling, MI 2832 Creekview Dr, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 875 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $1188 Airbnb ROI: N/A Traditional ROI: 3.95%
3358 S Stephan Bridge Rd Grayling, MI 3358 S Stephan Bridge Rd, Grayling, MI 49738 \| Single Family Residential	2 beds \| 1 baths \| 1,400 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.14% Airbnb Rental Income: $null Traditional Rental Income: $1093 Airbnb ROI: N/A Traditional ROI: 6.14%
8063 Collen Ave Grayling, MI 8063 Collen Ave, Grayling, MI 49738 \| Single Family Residential	2 beds \| 2 baths \| 1,400 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $1493 Airbnb ROI: N/A Traditional ROI: 4.36%
4079 W Pinecrest Rd Grayling, MI 4079 W Pinecrest Rd, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $1180 Airbnb ROI: N/A Traditional ROI: 4.61%
10333 Madison Ave Grayling, MI 10333 Madison Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 2 baths \| 952 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.62% Airbnb Rental Income: $null Traditional Rental Income: $1394 Airbnb ROI: N/A Traditional ROI: 6.62%
2698 Newatch Ave Grayling, MI 2698 Newatch Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 1 baths \| 1,056 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.37% Airbnb Rental Income: $null Traditional Rental Income: $1180 Airbnb ROI: N/A Traditional ROI: 0.37%
9246 Outing Pl Grayling, MI 9246 Outing Pl, Grayling, MI 49738 \| Single Family Residential	2 beds \| 2 baths \| 1,817 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.54% Airbnb Rental Income: $null Traditional Rental Income: $1756 Airbnb ROI: N/A Traditional ROI: 2.54%
6375 Hanner Trl Grayling, MI 6375 Hanner Trl, Grayling, MI 49738 \| Single Family Residential	4 beds \| 2 baths \| 2,080 sq.ft.	$332,400	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 4.42%
610 Spruce St Grayling, MI 610 Spruce St, Grayling, MI 49738 \| Multi Family	2 beds \| N/A baths \| 920 sq.ft.	$167,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.22% Airbnb Rental Income: $null Traditional Rental Income: $1005 Airbnb ROI: N/A Traditional ROI: 3.22%
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.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.22% Airbnb Rental Income: $null Traditional Rental Income: $548 Airbnb ROI: N/A Traditional ROI: 0.22%
Parcel C Cherry Creek Trl Grayling, MI Parcel C Cherry Creek Trl, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $927 Airbnb ROI: N/A Traditional ROI: 3.7%
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: N/A Traditional cash on cash: 8.62% Airbnb Rental Income: $null Traditional Rental Income: $811 Airbnb ROI: N/A Traditional ROI: 8.62%
351 E M-72 Hwy Grayling, MI 351 E M-72 Hwy, Grayling, MI 49738 \| Single Family Residential	1 beds \| 1 baths \| 212 sq.ft.	$49,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $553 Airbnb ROI: N/A Traditional ROI: 6.59%
1205 E Michigan Ave. Ave Grayling, MI 1205 E Michigan Ave. Ave, Grayling, MI 49738 \| Single Family Residential	3 beds \| 2 baths \| 2,240 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2076 Airbnb ROI: N/A Traditional ROI: 5.88%
2741 E M 72 Grayling, MI 2741 E M 72, Grayling, MI 49738 \| Single Family Residential	2 beds \| 1 baths \| 1,040 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.91% Airbnb Rental Income: $null Traditional Rental Income: $1037 Airbnb ROI: N/A Traditional ROI: 1.91%
V/L L71-75 Evergreen Dr 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: N/A Traditional cash on cash: 8.24% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 8.24%
000 W M-72 Hwy Grayling, MI 000 W M-72 Hwy, Grayling, MI 49738 \| Other	N/A beds \| N/A baths \| N/A	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.05% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: 1.05%

Real Estate investment in Grayling, MI

There are 51 properties for sale in the city of Grayling . The median list price in Grayling is $44,900 and the average price per square foot is $59. In February 2026, the average monthly cash on cash return in Grayling is 13.00%. The average monthly rental income in Grayling is $811.

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

There are 51 investment properties available for sale in Grayling.

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

The ROI for Short-Term is higher than the Long-Term in Grayling with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Grayling, MI

10317 Slide A Ways Trl

Grayling, MI

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

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2618

Airbnb ROI: N/A

Traditional ROI: 3.47%

3145 Timberlane Trail

Grayling, MI

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

$198,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.53%

Airbnb Rental Income: $null

Traditional Rental Income: $2639

Airbnb ROI: N/A

Traditional ROI: 11.53%

610 Spruce Street

Grayling, MI

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

$167,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1442

Airbnb ROI: N/A

Traditional ROI: 6.59%

6364 Atkinson Rd

Grayling, MI

3 beds | 1 baths | 780 sq.ft.

$149,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.42%

Airbnb Rental Income: $null

Traditional Rental Income: $1591

Airbnb ROI: N/A

Traditional ROI: 8.42%

3140 Northeast Trl

Grayling, MI

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

$345,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2126

Airbnb ROI: N/A

Traditional ROI: 3.7%

403 Erie St

Grayling, MI

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

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.21%

Airbnb Rental Income: $null

Traditional Rental Income: $1784

Airbnb ROI: N/A

Traditional ROI: 6.21%

4521 Skyline Rd

Grayling, MI

2 beds | 2 baths | 1,052 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1819

Airbnb ROI: N/A

Traditional ROI: 5.56%

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