Real Estate Investment Properties for Sale in Kalkaska, MI

Looking for investment property in Kalkaska, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
103 Arbor Street Kalkaska, MI This Quaint farmhouse is a must see and ready to move in! It's been nicely kept with 3 bed...	3 beds \| 1 baths \| 1,120 sq.ft.	$244,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 5.12% Airbnb Rental Income: $872 Traditional Rental Income: $1860 Airbnb ROI: -0.6% Traditional ROI: 5.12%
1021 W KALKASKA ROAD Kalkaska, MI Fantastic location in Kalkaska and truly move-in ready! This inviting home offers 1,440 sq...	3 beds \| 1 baths \| 2,880 sq.ft.	$299,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 4.29% Airbnb Rental Income: $872 Traditional Rental Income: $2017 Airbnb ROI: -0.95% Traditional ROI: 4.29%
409 Walnut Kalkaska, MI Cozy home in the Village of Kalkaska offering 2 bedrooms, 1 bath, and over 1,200 square fe...	2 beds \| 1 baths \| 1,280 sq.ft.	$200,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 5.56% Airbnb Rental Income: $652 Traditional Rental Income: $1627 Airbnb ROI: -1.14% Traditional ROI: 5.56%
1111 SE East Lake Drive Kalkaska, MI Don't miss this 4-bedroom, 2-bath home across from East Lake near public access! This spri...	4 beds \| 2 baths \| 2,660 sq.ft.	$350,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 6.6% Airbnb Rental Income: $1850 Traditional Rental Income: $3092 Airbnb ROI: 1.31% Traditional ROI: 6.6%
4714 GOLDEN ROAD, SE Kalkaska, MI Welcome to your Up North escape with the perfect blend of comfort, charm, and space to roa...	3 beds \| 1 baths \| 1,280 sq.ft.	$275,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 4% Airbnb Rental Income: $872 Traditional Rental Income: $1785 Airbnb ROI: -0.81% Traditional ROI: 4%
TBB 5086 Red Maple Drive Kalkaska, MI Experience main floor living at its best in this upcoming 3-bedroom, 1.5-bath ranch-style ...	3 beds \| 2 baths \| 1,335 sq.ft.	$359,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 2.82% Airbnb Rental Income: $872 Traditional Rental Income: $1898 Airbnb ROI: -1.21% Traditional ROI: 2.82%
4029 E Shore Drive NE #3 Kalkaska, MI Sunsets come standard at this fully furnished waterfront condo perched on the peaceful sho...	3 beds \| 2 baths \| 1,164 sq.ft.	$375,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 4.18% Airbnb Rental Income: $872 Traditional Rental Income: $2227 Airbnb ROI: -0.62% Traditional ROI: 4.18%
1568 Poplar Drive, Ne Kalkaska, MI Log Lake shared frontage. This two-bedroom cottage has an open living area with full bath ...	2 beds \| 1 baths \| 864 sq.ft.	$275,000	Airbnb cash on cash: -1.51% Traditional cash on cash: 2.78% Airbnb Rental Income: $652 Traditional Rental Income: $1467 Airbnb ROI: -1.51% Traditional ROI: 2.78%
714 SE Saunders Road Kalkaska, MI Beautiful private setting close to town this newly built home offers the comfort of the co...	3 beds \| 2 baths \| 1,431 sq.ft.	$315,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 6.09% Airbnb Rental Income: $872 Traditional Rental Income: $2455 Airbnb ROI: -0.38% Traditional ROI: 6.09%
2692 Kettle Lake Road Kalkaska, MI This is a must-see! As soon as you step into the backyard of this stunning 4-acre property...	3 beds \| 2 baths \| 1,200 sq.ft.	$319,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 5.35% Airbnb Rental Income: $872 Traditional Rental Income: $2188 Airbnb ROI: -0.15% Traditional ROI: 5.35%
5611 NE EAST SHORE DRIVE Kalkaska, MI Welcome to your serene retreat at 5611 NE East Shore Drive in Kalkaska. This charming ranc...	3 beds \| 2 baths \| 1,438 sq.ft.	$249,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 8.22% Airbnb Rental Income: $872 Traditional Rental Income: $2308 Airbnb ROI: 0.7% Traditional ROI: 8.22%
603 PAW PAW STREET Kalkaska, MI NEW BOCA MODULAR HOME for Sale in Kalkaska! This lovely home is a 2025 build and ready for...	4 beds \| 2 baths \| 1,387 sq.ft.	$279,000	Airbnb cash on cash: 3.73% Traditional cash on cash: 7.93% Airbnb Rental Income: $1850 Traditional Rental Income: $2457 Airbnb ROI: 3.73% Traditional ROI: 7.93%
4181 NE Sands Park Drive Kalkaska, MI Excellent Up North Location! Just a quarter mile down the road from Sands Park beach and b...	2 beds \| 1 baths \| 852 sq.ft.	$139,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 9.84% Airbnb Rental Income: $652 Traditional Rental Income: $1603 Airbnb ROI: 0.53% Traditional ROI: 9.84%
5532 Kerbysons Drive SE Kalkaska, MI Your Up North Oasis Awaits on East Lake in KALKASKA COUNTY. Swan Dive or Cannon Ball int...	2 beds \| 2 baths \| 2,000 sq.ft.	$379,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 6.5% Airbnb Rental Income: $652 Traditional Rental Income: $2811 Airbnb ROI: -0.4% Traditional ROI: 6.5%
11436 Lakeview Road NE Kalkaska, MI It's not too late...this 'Treehouse' in Michigan assures your enjoyment through all four s...	3 beds \| 3 baths \| 3,000 sq.ft.	$799,900	Airbnb cash on cash: -2.01% Traditional cash on cash: 1.98% Airbnb Rental Income: $872 Traditional Rental Income: $3516 Airbnb ROI: -2.01% Traditional ROI: 1.98%
1570 NE Kettle Lake Road Kalkaska, MI Welcome to this charming 2-bed, 1-bath home nestled into a wonderfully peaceful and privat...	2 beds \| 1 baths \| 960 sq.ft.	$185,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 6.81% Airbnb Rental Income: $652 Traditional Rental Income: $1733 Airbnb ROI: -1.03% Traditional ROI: 6.81%
1967 NE Fairways Drive Kalkaska, MI Charming 3-bedroom, 2-bath home tucked into a peaceful, wooded setting in the desirable Fa...	3 beds \| 2 baths \| 1,860 sq.ft.	$339,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 5.92% Airbnb Rental Income: $872 Traditional Rental Income: $2609 Airbnb ROI: -0.56% Traditional ROI: 5.92%
870 SW Quail Drive Kalkaska, MI Spacious 4 bedroom, 2 bath home with full basement and an attached 50x31 garage offering e...	4 beds \| 2 baths \| 1,800 sq.ft.	$330,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 6.72% Airbnb Rental Income: $1850 Traditional Rental Income: $2618 Airbnb ROI: 2.64% Traditional ROI: 6.72%
411 S WALNUT STREET Kalkaska, MI Charming farmhouse-style home located in the village of Kalkaska! This inviting property o...	3 beds \| 2 baths \| 1,794 sq.ft.	$375,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 0.57% Airbnb Rental Income: $872 Traditional Rental Income: $981 Airbnb ROI: -0.69% Traditional ROI: 0.57%
302 W Dresden Street Kalkaska, MI Just reduced! You won't believe this remodeled home is not brand new! Welcome home, to yo...	5 beds \| 4 baths \| 3,096 sq.ft.	$470,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 6.39% Airbnb Rental Income: $1120 Traditional Rental Income: $3388 Airbnb ROI: 0.38% Traditional ROI: 6.39%
303 S Orange Street Kalkaska, MI Move right into this well maintained 3 bedroom, 2 bath home located in the Village of Kalk...	3 beds \| 2 baths \| 1,344 sq.ft.	$205,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 9.39% Airbnb Rental Income: $872 Traditional Rental Income: $2177 Airbnb ROI: 0.95% Traditional ROI: 9.39%
207 Division Street Kalkaska, MI Truly a home you need to view the interior to appreciate. Improvements over the past few y...	2 beds \| 1 baths \| 768 sq.ft.	$199,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.54% Airbnb Rental Income: $652 Traditional Rental Income: $1432 Airbnb ROI: -1.14% Traditional ROI: 4.54%
4896 NE Hidden Harbor Drive Kalkaska, MI Fully furnished with plenty of room to grow! Offering a rare combination of 150 feet of...	2 beds \| 2 baths \| 1,200 sq.ft.	$759,000	Airbnb cash on cash: -2.21% Traditional cash on cash: 0.23% Airbnb Rental Income: $652 Traditional Rental Income: $2082 Airbnb ROI: -2.21% Traditional ROI: 0.23%
5731 M 72 Kalkaska, MI 10 beautiful acres with mature trees & open space at the back. Main House is with 2BR/1BA...	2 beds \| 1 baths \| 1,300 sq.ft.	$274,000	Airbnb cash on cash: -1.51% Traditional cash on cash: 3.4% Airbnb Rental Income: $652 Traditional Rental Income: $1624 Airbnb ROI: -1.51% Traditional ROI: 3.4%
4640 E Circle Drive NE Kalkaska, MI Welcome Home to 4640 East Circle Drive NE, Kalkaska! This charming two-bedroom, two-b...	2 beds \| 2 baths \| 988 sq.ft.	$205,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 5.87% Airbnb Rental Income: $652 Traditional Rental Income: $1723 Airbnb ROI: -1.17% Traditional ROI: 5.87%
1930 Tyler Road SE Kalkaska, MI 4 bedroom, 1 bath home on nearly 4 acres in Kalkaska County with a detached garage and add...	4 beds \| 1 baths \| 1,918 sq.ft.	$189,900	Airbnb cash on cash: 4.46% Traditional cash on cash: 7.54% Airbnb Rental Income: $1850 Traditional Rental Income: $1908 Airbnb ROI: 4.46% Traditional ROI: 7.54%
1397 SE RILEY ROAD Kalkaska, MI Welcome to your private slice of paradise! Nestled on 5 beautiful acres, this spacious 3-b...	3 beds \| 3 baths \| 2,150 sq.ft.	$450,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 4.56% Airbnb Rental Income: $872 Traditional Rental Income: $3079 Airbnb ROI: -1.47% Traditional ROI: 4.56%
4960 Pine Drive Kalkaska, MI CHARMING 2â3 BEDROOM HOME WITH BEAUTIFUL LAKE VIEWS! This immaculate property showcases ...	2 beds \| 1 baths \| 1,100 sq.ft.	$234,900	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.5% Airbnb Rental Income: $652 Traditional Rental Income: $1010 Airbnb ROI: -0.45% Traditional ROI: 2.5%

Real Estate investment in Kalkaska, MI

There are 28 properties for sale in the city of Kalkaska . The median list price in Kalkaska is $275,000 and the average price per square foot is $181. In April 2026, the average monthly cash on cash return in Kalkaska is 6.00%. The average monthly rental income in Kalkaska is $2,020.

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

There are 28 investment properties available for sale in Kalkaska.

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

The ROI for Long-Term is higher than the Short-Term in Kalkaska with average rental income of $2,020.

Your search for investment property begins and ends here

Investment Property for Sale in Kalkaska, MI

103 Arbor Street

Kalkaska, MI

3 beds | 1 baths | 1,120 sq.ft.

$244,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $872

Traditional Rental Income: $1860

Airbnb ROI: -0.6%

Traditional ROI: 5.12%

1021 W KALKASKA ROAD

Kalkaska, MI

3 beds | 1 baths | 2,880 sq.ft.

$299,900

Airbnb cash on cash: -0.95%

Traditional cash on cash: 4.29%

Airbnb Rental Income: $872

Traditional Rental Income: $2017

Airbnb ROI: -0.95%

Traditional ROI: 4.29%

409 Walnut

Kalkaska, MI

2 beds | 1 baths | 1,280 sq.ft.

$200,000

Airbnb cash on cash: -1.14%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $652

Traditional Rental Income: $1627

Airbnb ROI: -1.14%

Traditional ROI: 5.56%

1111 SE East Lake Drive

Kalkaska, MI

4 beds | 2 baths | 2,660 sq.ft.

$350,000

Airbnb cash on cash: 1.31%

Traditional cash on cash: 6.6%

Airbnb Rental Income: $1850

Traditional Rental Income: $3092

Airbnb ROI: 1.31%

Traditional ROI: 6.6%

4714 GOLDEN ROAD, SE

Kalkaska, MI

3 beds | 1 baths | 1,280 sq.ft.

$275,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: 4%

Airbnb Rental Income: $872

Traditional Rental Income: $1785

Airbnb ROI: -0.81%

Traditional ROI: 4%

TBB 5086 Red Maple Drive

Kalkaska, MI

3 beds | 2 baths | 1,335 sq.ft.

$359,900

Airbnb cash on cash: -1.21%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $872

Traditional Rental Income: $1898

Airbnb ROI: -1.21%

Traditional ROI: 2.82%

4029 E Shore Drive NE #3

Kalkaska, MI

3 beds | 2 baths | 1,164 sq.ft.

$375,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $872

Traditional Rental Income: $2227

Airbnb ROI: -0.62%

Traditional ROI: 4.18%

1568 Poplar Drive, Ne

Kalkaska, MI

2 beds | 1 baths | 864 sq.ft.

$275,000

Airbnb cash on cash: -1.51%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $652

Traditional Rental Income: $1467

Airbnb ROI: -1.51%