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 4-bedroom, 2-bath home set on 1 acre. Enjoy a welcoming family room w...	4 beds \| 2 baths \| 4,474 sq.ft.	$230,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 7.84% Airbnb Rental Income: $1555 Traditional Rental Income: $2346 Airbnb ROI: 2.14% Traditional ROI: 7.84%
205 Park Street Grayling, MI MOTIVATED SELLER!! Charming In-Town Home with Spacious Layout! This 2-bedroom, 1-bath home...	2 beds \| 1 baths \| 1,031 sq.ft.	$95,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 11.5% Airbnb Rental Income: $730 Traditional Rental Income: $1389 Airbnb ROI: 1.03% Traditional ROI: 11.5%
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: -1.39% Traditional cash on cash: 3.7% Airbnb Rental Income: $801 Traditional Rental Income: $2126 Airbnb ROI: -1.39% Traditional ROI: 3.7%
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: -2.99% Traditional cash on cash: -0.21% Airbnb Rental Income: $148 Traditional Rental Income: $884 Airbnb ROI: -2.99% 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: -1.86% Traditional cash on cash: 2.11% Airbnb Rental Income: $758 Traditional Rental Income: $2519 Airbnb ROI: -1.86% Traditional ROI: 2.11%
109 Madsen Street Grayling, MI Charming 2 bedroom home offers a great opportunity for first-time buyers, downsizers, or a...	2 beds \| 1 baths \| 1,050 sq.ft.	$161,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 5.44% Airbnb Rental Income: $730 Traditional Rental Income: $1315 Airbnb ROI: -0.39% Traditional ROI: 5.44%
1880 Cherry Creek Trail Grayling, MI Looking for the perfect up-north getaway or investment? This stunning property on over 2 w...	3 beds \| 2 baths \| 1,852 sq.ft.	$399,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 4.8% Airbnb Rental Income: $801 Traditional Rental Income: $2471 Airbnb ROI: -0.52% Traditional ROI: 4.8%
2741 E M-72 Grayling, MI Motivated Seller! Charming 2-Bedroom Ranch on 3.65 Acres - Nature Lover's Paradise! Don't ...	2 beds \| 1 baths \| 1,048 sq.ft.	$210,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 5.71% Airbnb Rental Income: $730 Traditional Rental Income: $1520 Airbnb ROI: 0.19% Traditional ROI: 5.71%
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.	$350,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 1.72% Airbnb Rental Income: $436 Traditional Rental Income: $1171 Airbnb ROI: -1.32% Traditional ROI: 1.72%
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: 0.59% Traditional cash on cash: 7.43% Airbnb Rental Income: $801 Traditional Rental Income: $1460 Airbnb ROI: 0.59% 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.	$379,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 5.17% Airbnb Rental Income: $801 Traditional Rental Income: $2464 Airbnb ROI: -0.41% Traditional ROI: 5.17%
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: 0.06% Traditional cash on cash: 4.71% Airbnb Rental Income: $730 Traditional Rental Income: $1464 Airbnb ROI: 0.06% Traditional ROI: 4.71%
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: -0.2% Traditional cash on cash: 6.71% Airbnb Rental Income: $801 Traditional Rental Income: $2302 Airbnb ROI: -0.2% 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: -0.86% Traditional cash on cash: 3.85% Airbnb Rental Income: $730 Traditional Rental Income: $1968 Airbnb ROI: -0.86% Traditional ROI: 3.85%
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: -1.9% Traditional cash on cash: 1.74% Airbnb Rental Income: $801 Traditional Rental Income: $2719 Airbnb ROI: -1.9% Traditional ROI: 1.74%
15981 Snay Drive 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: 0.02% Traditional cash on cash: 6.03% Airbnb Rental Income: $801 Traditional Rental Income: $1397 Airbnb ROI: 0.02% Traditional ROI: 6.03%
3119 Northeast Trail Grayling, MI The perfect getaway awaits! Located near Lovells, and close proximity to Grayling sits thi...	2 beds \| 1 baths \| 842 sq.ft.	$129,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 7.62% Airbnb Rental Income: $730 Traditional Rental Income: $1358 Airbnb ROI: 0.11% Traditional ROI: 7.62%
2762 S HORSESHOE TRAIL Grayling, MI Affordable, move-in-ready home on 2.5 acres! This furnished 2-bedroom, 1-bath mobile featu...	2 beds \| 1 baths \| 944 sq.ft.	$95,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 7.64% Airbnb Rental Income: $730 Traditional Rental Income: $1032 Airbnb ROI: 1.03% Traditional ROI: 7.64%
3119 Main Grayling, MI The perfect getaway awaits! Located near Lovells, and close proximity to Grayling sits thi...	2 beds \| 1 baths \| 1,064 sq.ft.	$129,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 7.03% Airbnb Rental Income: $730 Traditional Rental Income: $1285 Airbnb ROI: 0.11% Traditional ROI: 7.03%
3002 W Jones Lake Road Grayling, MI Well-maintained 3-bedroom, 2 1/2-bath ranch situated on approximately 1.38 acres just off ...	3 beds \| 3 baths \| 1,552 sq.ft.	$332,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 3.05% Airbnb Rental Income: $801 Traditional Rental Income: $1831 Airbnb ROI: -1.29% Traditional ROI: 3.05%
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 \| 2 baths \| 1,970 sq.ft.	$230,500	Airbnb cash on cash: -0.75% Traditional cash on cash: 6.28% Airbnb Rental Income: $801 Traditional Rental Income: $2011 Airbnb ROI: -0.75% Traditional ROI: 6.28%
2916 N Portage Avenue Grayling, MI Amazing Lake Margrethe cottage with 50' directly on the lake! East side location makes the...	3 beds \| 2 baths \| 2,250 sq.ft.	$599,000	Airbnb cash on cash: -1.84% Traditional cash on cash: 1.01% Airbnb Rental Income: $801 Traditional Rental Income: $2071 Airbnb ROI: -1.84% Traditional ROI: 1.01%
7727 Bald Hill Road Grayling, MI Nestled in the heart of northern Michiganâs natural beauty, this stunning property at **...	4 beds \| 2 baths \| 1,862 sq.ft.	$450,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.13% Airbnb Rental Income: $1555 Traditional Rental Income: $1997 Airbnb ROI: 1.02% Traditional ROI: 3.13%
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: -0.05% Traditional cash on cash: 7.28% Airbnb Rental Income: $801 Traditional Rental Income: $1998 Airbnb ROI: -0.05% Traditional ROI: 7.28%
14432 SE Morel Road Grayling, MI Welcome to this exceptional 2019 custom-built log chalet, perfectly nestled among mature d...	3 beds \| 1 baths \| 1,800 sq.ft.	$389,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.94% Airbnb Rental Income: $801 Traditional Rental Income: $1954 Airbnb ROI: -1.11% Traditional ROI: 2.94%
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.	$479,900	Airbnb cash on cash: -1.06% Traditional cash on cash: 1.59% Airbnb Rental Income: $730 Traditional Rental Income: $1609 Airbnb ROI: -1.06% Traditional ROI: 1.59%

Real Estate investment in Grayling, MI

There are 30 properties for sale in the city of Grayling . The median list price in Grayling is $230,500 and the average price per square foot is $141. In April 2026, the average monthly cash on cash return in Grayling is 5.00%. The average monthly rental income in Grayling is $1,828.

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

There are 30 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 $801.

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.

$230,000

Airbnb cash on cash: 2.14%

Traditional cash on cash: 7.84%

Airbnb Rental Income: $1555

Traditional Rental Income: $2346

Airbnb ROI: 2.14%

Traditional ROI: 7.84%

205 Park Street

Grayling, MI

2 beds | 1 baths | 1,031 sq.ft.

$95,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 11.5%

Airbnb Rental Income: $730

Traditional Rental Income: $1389

Airbnb ROI: 1.03%

Traditional ROI: 11.5%

3140 Northeast Trail

Grayling, MI

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

$345,000

Airbnb cash on cash: -1.39%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $801

Traditional Rental Income: $2126

Airbnb ROI: -1.39%

Traditional ROI: 3.7%

602 MAPLE ST

Grayling, MI

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

$365,000

Airbnb cash on cash: -2.99%

Traditional cash on cash: -0.21%

Airbnb Rental Income: $148

Traditional Rental Income: $884

Airbnb ROI: -2.99%

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: -1.86%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $758

Traditional Rental Income: $2519

Airbnb ROI: -1.86%

Traditional ROI: 2.11%

109 Madsen Street

Grayling, MI

2 beds | 1 baths | 1,050 sq.ft.

$161,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 5.44%

Airbnb Rental Income: $730

Traditional Rental Income: $1315

Airbnb ROI: -0.39%

Traditional ROI: 5.44%

1880 Cherry Creek Trail

Grayling, MI

3 beds | 2 baths | 1,852 sq.ft.

$399,900

Airbnb cash on cash: -0.52%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $801

Traditional Rental Income: $2471

Airbnb ROI: -0.52%

Traditional ROI: 4.8%

2741 E M-72

Grayling, MI

2 beds | 1 baths | 1,048 sq.ft.

$210,000

Airbnb cash on cash: 0.19%

Traditional cash on cash: 5.71%

Airbnb Rental Income: $730

Traditional Rental Income: $1520

Airbnb ROI: 0.19%