Real Estate Investment Properties for Sale in Indian River, MI

Looking for investment property in Indian River, MI with high ROI ?

Explore a variety of short-term homes & houses in Indian River, MI. Invest wisely with VRBO & Indian River, 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 Indian River, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
48 Sturgeon Bay Road Indian River, MI Charming chalet nestled near Burt Lake boat access in the heart of Northern Michigan. This...	3 beds \| 2 baths \| 1,224 sq.ft.	$315,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 3.95% Airbnb Rental Income: $912 Traditional Rental Income: $2011 Airbnb ROI: -0.91% Traditional ROI: 3.95%
1012 Lynn Drive Indian River, MI Ready for lake life? Discover this charming 2-bedroom, 1-bath home on the south east side ...	2 beds \| 1 baths \| 793 sq.ft.	$379,900	Airbnb cash on cash: -1.34% Traditional cash on cash: 1.47% Airbnb Rental Income: $845 Traditional Rental Income: $1518 Airbnb ROI: -1.34% Traditional ROI: 1.47%
1461 Riverview Lane Indian River, MI Lake life! Fully furnished 4-bedroom, 2-bath home situated on the Pigeon River with 101' p...	4 beds \| 2 baths \| 1,186 sq.ft.	$375,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.59% Airbnb Rental Income: $1575 Traditional Rental Income: $2245 Airbnb ROI: 0.41% Traditional ROI: 3.59%
6447 Waubun Road Indian River, MI Set on 10 private acres, this 4-bedroom, 2-bath home offers the perfect blend of comfort, ...	4 beds \| 2 baths \| 1,728 sq.ft.	$415,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.62% Airbnb Rental Income: $1575 Traditional Rental Income: $2483 Airbnb ROI: 0.12% Traditional ROI: 3.62%
939 Stratford Lane Indian River, MI Wake up to coffee on the beach then a cocktail for unfiltered sunset views over Burt Lake ...	3 beds \| 2 baths \| 1,200 sq.ft.	$499,000	Airbnb cash on cash: -1.5% Traditional cash on cash: 1.89% Airbnb Rental Income: $912 Traditional Rental Income: $2154 Airbnb ROI: -1.5% Traditional ROI: 1.89%
3401 Poplar Street Indian River, MI OPEN HOUSE- 5/23, 10AM-2PM--Take it easy at Stone's Throw Cottage! This tastefully updated...	3 beds \| 2 baths \| 1,810 sq.ft.	$499,000	Airbnb cash on cash: -1.5% Traditional cash on cash: 3.08% Airbnb Rental Income: $912 Traditional Rental Income: $2710 Airbnb ROI: -1.5% Traditional ROI: 3.08%
1343 Renos Drive Indian River, MI This Well Maintained Chalet Has Some Beautiful Panoramic Views Of Mullett Lake. Watch Plen...	2 beds \| 1 baths \| 1,350 sq.ft.	$679,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 0.47% Airbnb Rental Income: $845 Traditional Rental Income: $1226 Airbnb ROI: -0.65% Traditional ROI: 0.47%
4878 S Straits Highway Indian River, MI This commercial dwelling, designed for functionality and comfort, features a spacious sitt...	2 beds \| 1 baths \| 1,048 sq.ft.	$199,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 6.23% Airbnb Rental Income: $845 Traditional Rental Income: $1628 Airbnb ROI: 0.37% Traditional ROI: 6.23%
3869 Club Road Indian River, MI Spacious Ranch with Little Sturgeon Frontage in Downtown Indian River. Welcome to this bea...	2 beds \| 3 baths \| 1,820 sq.ft.	$439,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 5.41% Airbnb Rental Income: $845 Traditional Rental Income: $2977 Airbnb ROI: -0.57% Traditional ROI: 5.41%
6986 Chippewa Trail Indian River, MI This custom-built cottage-contemporary home offers an opportunity that if you are looking ...	3 beds \| 3 baths \| 2,974 sq.ft.	$699,999	Airbnb cash on cash: -1.8% Traditional cash on cash: 1.59% Airbnb Rental Income: $912 Traditional Rental Income: $2780 Airbnb ROI: -1.8% Traditional ROI: 1.59%
8554 W M-68 Indian River, MI Discover your dream retreat with this stunning 3-bedroom, 1-bedroom/office (non-conforming...	3 beds \| 3 baths \| 2,859 sq.ft.	$1,995,000	Airbnb cash on cash: -2.27% Traditional cash on cash: -0.66% Airbnb Rental Income: $912 Traditional Rental Income: $3553 Airbnb ROI: -2.27% Traditional ROI: -0.66%
6378 Hillside Avenue Indian River, MI Experience timeless elegance in this beautifully preserved 1890s Victorian, nestled in the...	5 beds \| 3 baths \| 2,800 sq.ft.	$895,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 2.81% Airbnb Rental Income: $2187 Traditional Rental Income: $3444 Airbnb ROI: 0.64% Traditional ROI: 2.81%
5064 Wilson Road Indian River, MI Are you searching for a home nestled near the beauty of the Sturgeon River, state land, an...	2 beds \| 2 baths \| 1,300 sq.ft.	$255,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 6.76% Airbnb Rental Income: $845 Traditional Rental Income: $2052 Airbnb ROI: 0.38% Traditional ROI: 6.76%
6116 Hemlock Street Indian River, MI Welcome to this beautiful Colonial-style home located in the heart of Indian River. Just a...	4 beds \| 3 baths \| 2,067 sq.ft.	$425,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.95% Airbnb Rental Income: $1575 Traditional Rental Income: $2913 Airbnb ROI: 1.45% Traditional ROI: 5.95%
6888 Sequoia Drive Indian River, MI This brand-new home is currently under construction and can be custom built to your wants ...	3 beds \| 2 baths \| 1,683 sq.ft.	$424,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 5.16% Airbnb Rental Income: $912 Traditional Rental Income: $2610 Airbnb ROI: 0.04% Traditional ROI: 5.16%
865 Wintree Drive Indian River, MI Have you been dreaming of an up north beautiful full log home w/a vaulted wall of windows ...	3 beds \| 3 baths \| 1,500 sq.ft.	$465,900	Airbnb cash on cash: -1.43% Traditional cash on cash: 2.77% Airbnb Rental Income: $912 Traditional Rental Income: $2404 Airbnb ROI: -1.43% Traditional ROI: 2.77%
8453/8455 White Road Indian River, MI What an exceptional Northern Michigan retreat blends refined comforts and endless outdoor ...	2 beds \| 2 baths \| 3,566 sq.ft.	$1,750,000	Airbnb cash on cash: -2.27% Traditional cash on cash: -1.19% Airbnb Rental Income: $845 Traditional Rental Income: $2268 Airbnb ROI: -2.27% Traditional ROI: -1.19%
78 Plymouth Beach Drive Indian River, MI Ready to enjoy spectacular sunsets over Burt Lake? This charming 3-bed, 2-bath home offers...	3 beds \| 2 baths \| 1,137 sq.ft.	$835,000	Airbnb cash on cash: -1.92% Traditional cash on cash: 0.1% Airbnb Rental Income: $912 Traditional Rental Income: $2136 Airbnb ROI: -1.92% Traditional ROI: 0.1%
829 Wintree Drive Indian River, MI Main-level living in the Burt Lake, Indian River area! This well maintained 3-bed, 2-bath ...	3 beds \| 2 baths \| 1,204 sq.ft.	$314,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.86% Airbnb Rental Income: $912 Traditional Rental Income: $2176 Airbnb ROI: -0.56% Traditional ROI: 4.86%
6308 E Dorothy Avenue Indian River, MI HIGH AND DRY in-town location within walking distance to beautiful Burt Lake! This well ma...	2 beds \| 1 baths \| 820 sq.ft.	$285,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.88% Airbnb Rental Income: $845 Traditional Rental Income: $1543 Airbnb ROI: -0.95% Traditional ROI: 2.88%
4596 Onaway Road Indian River, MI Great opportunity at this price point in Indian River, offering a versatile setup on a spa...	5 beds \| 2 baths \| 3,188 sq.ft.	$314,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 6.28% Airbnb Rental Income: $2187 Traditional Rental Income: $2701 Airbnb ROI: 2.68% Traditional ROI: 6.28%
516 W Shoreview Lane Indian River, MI Experience 100 feet of pristine frontage on beautiful Mullett Lake, offering picturesque v...	3 beds \| 2 baths \| 2,083 sq.ft.	$1,150,000	Airbnb cash on cash: -2.08% Traditional cash on cash: -0.02% Airbnb Rental Income: $912 Traditional Rental Income: $2782 Airbnb ROI: -2.08% Traditional ROI: -0.02%
2156 E Mullett Lake Road Indian River, MI MOTIVATED SELLER!! Well-appointed 4 bedroom, 3 full bath home ideally located just minutes...	4 beds \| 3 baths \| 2,216 sq.ft.	$424,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.51% Airbnb Rental Income: $1575 Traditional Rental Income: $2895 Airbnb ROI: 0.06% Traditional ROI: 4.51%
2929 E MULLETT LAKE Indian River, MI Public Open House on Sunday May 3rd, 12pm-1pm. Charming & well-maintained 3-bedroom, 2-bat...	3 beds \| 2 baths \| 1,100 sq.ft.	$179,500	Airbnb cash on cash: 1.47% Traditional cash on cash: 10.06% Airbnb Rental Income: $912 Traditional Rental Income: $2038 Airbnb ROI: 1.47% Traditional ROI: 10.06%
1962 E DEVEREAUX LAKE ROAD Indian River, MI This immaculately updated 2-bedroom, 1-bath log cabin showcases true pride of ownership wi...	2 beds \| 1 baths \| 585 sq.ft.	$179,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.32% Airbnb Rental Income: $845 Traditional Rental Income: $1306 Airbnb ROI: 0.7% Traditional ROI: 5.32%
988 Ranch Road Indian River, MI Location is key in this sought-after area of Topinabee! Solid frame-built 3 bedroom, 2 bat...	3 beds \| 2 baths \| 3,193 sq.ft.	$339,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 5.76% Airbnb Rental Income: $912 Traditional Rental Income: $2455 Airbnb ROI: -0.16% Traditional ROI: 5.76%
3063 Gratiot Road Indian River, MI In the Village of Indian River this spacious turnkey updated mobile home features a desira...	2 beds \| 1 baths \| 1,613 sq.ft.	$129,900	Airbnb cash on cash: 1.81% Traditional cash on cash: 11.27% Airbnb Rental Income: $845 Traditional Rental Income: $1697 Airbnb ROI: 1.81% Traditional ROI: 11.27%
6330 Oakley Avenue Indian River, MI Located in the heart of Indian River, this beautifully maintained home offers the perfect ...	3 beds \| 2 baths \| 2,417 sq.ft.	$775,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 2.04% Airbnb Rental Income: $912 Traditional Rental Income: $2694 Airbnb ROI: -0.9% Traditional ROI: 2.04%
7207 Frontenac Road Indian River, MI OPEN HOUSE, THIS SATURDAY MAY 23, 2026 FROM 1:00 PM TO 2:30 PM. LOCATION, LOCATION - Enjoy...	5 beds \| 3 baths \| 3,100 sq.ft.	$259,000	Airbnb cash on cash: 4.55% Traditional cash on cash: 10.91% Airbnb Rental Income: $2187 Traditional Rental Income: $3190 Airbnb ROI: 4.55% Traditional ROI: 10.91%
5219 S Straits Highway Indian River, MI This property has lots to offer. Nice 2 bedrooms 2 baths solid ''Perma Log'' home cozy fir...	2 beds \| 2 baths \| 1,700 sq.ft.	$375,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 1.54% Airbnb Rental Income: $845 Traditional Rental Income: $1073 Airbnb ROI: -0.04% Traditional ROI: 1.54%

Real Estate investment in Indian-river, MI

There are 34 properties for sale in the city of Indian River . The median list price in Indian River is $399,900 and the average price per square foot is $222. In May 2026, the average monthly cash on cash return in Indian River is 3.00%. The average monthly rental income in Indian River is $2,245.

Indian-river, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 34 investment properties available for sale in Indian-river.

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

The ROI for Long-Term is higher than the Short-Term in Indian-river with average rental income of $2,245.

Your search for investment property begins and ends here

Investment Property for Sale in Indian River, MI

48 Sturgeon Bay Road

Indian River, MI

3 beds | 2 baths | 1,224 sq.ft.

$315,000

Airbnb cash on cash: -0.91%

Traditional cash on cash: 3.95%

Airbnb Rental Income: $912

Traditional Rental Income: $2011

Airbnb ROI: -0.91%

Traditional ROI: 3.95%

1012 Lynn Drive

Indian River, MI

2 beds | 1 baths | 793 sq.ft.

$379,900

Airbnb cash on cash: -1.34%

Traditional cash on cash: 1.47%

Airbnb Rental Income: $845

Traditional Rental Income: $1518

Airbnb ROI: -1.34%

Traditional ROI: 1.47%

1461 Riverview Lane

Indian River, MI

4 beds | 2 baths | 1,186 sq.ft.

$375,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $1575

Traditional Rental Income: $2245

Airbnb ROI: 0.41%

Traditional ROI: 3.59%

6447 Waubun Road

Indian River, MI

4 beds | 2 baths | 1,728 sq.ft.

$415,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $1575

Traditional Rental Income: $2483

Airbnb ROI: 0.12%

Traditional ROI: 3.62%

939 Stratford Lane

Indian River, MI

3 beds | 2 baths | 1,200 sq.ft.

$499,000

Airbnb cash on cash: -1.5%

Traditional cash on cash: 1.89%

Airbnb Rental Income: $912

Traditional Rental Income: $2154

Airbnb ROI: -1.5%

Traditional ROI: 1.89%

3401 Poplar Street

Indian River, MI

3 beds | 2 baths | 1,810 sq.ft.

$499,000

Airbnb cash on cash: -1.5%

Traditional cash on cash: 3.08%

Airbnb Rental Income: $912

Traditional Rental Income: $2710

Airbnb ROI: -1.5%

Traditional ROI: 3.08%

1343 Renos Drive

Indian River, MI

2 beds | 1 baths | 1,350 sq.ft.

$679,000

Airbnb cash on cash: -0.65%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $845

Traditional Rental Income: $1226

Airbnb ROI: -0.65%

Traditional ROI: 0.47%

4878 S Straits Highway

Indian River, MI

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

$199,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $845

Traditional Rental Income: $1628

Airbnb ROI: 0.37%