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 St 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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.96% Airbnb Rental Income: $null Traditional Rental Income: $1860 Airbnb ROI: N/A Traditional ROI: 4.96%
1021 W Kalkaska Rd 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.	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.09% Airbnb Rental Income: $null Traditional Rental Income: $2017 Airbnb ROI: N/A Traditional ROI: 4.09%
409 S Cherry St Kalkaska, MI Believed to be built around the turn of the century , and no doubt has some great history....	4 beds \| 2 baths \| 1,403 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.31% Airbnb Rental Income: $null Traditional Rental Income: $1099 Airbnb ROI: N/A Traditional ROI: 2.31%
7609 Shore Road, NE Kalkaska, MI Sandy Beachfront Living on Manistee Lake Wake up to breathtaking sunrises and sunsets on t...	3 beds \| 2 baths \| 1,100 sq.ft.	$549,999	Airbnb cash on cash: N/A Traditional cash on cash: 1.52% Airbnb Rental Income: $null Traditional Rental Income: $2171 Airbnb ROI: N/A Traditional ROI: 1.52%
4029 E Shore Dr NE #3 Kalkaska, MI Sunsets come standard at this fully furnished waterfront condo perched on the peaceful sho...	3 beds \| 1 baths \| 1,164 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.05% Airbnb Rental Income: $null Traditional Rental Income: $2227 Airbnb ROI: N/A Traditional ROI: 4.05%
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: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $2455 Airbnb ROI: N/A Traditional ROI: 6.09%
11475 NE Lakeview Drive Kalkaska, MI Charming 3-Bedroom Home with Pole Barn and Lake Access on Bear Lake in Beautiful Kalkaska ...	4 beds \| 2 baths \| 2,180 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.49% Airbnb Rental Income: $null Traditional Rental Income: $3005 Airbnb ROI: N/A Traditional ROI: 7.49%
5611 NE East Shore Dr 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: N/A Traditional cash on cash: 8.22% Airbnb Rental Income: $null Traditional Rental Income: $2308 Airbnb ROI: N/A Traditional ROI: 8.22%
603 Paw Paw St 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: N/A Traditional cash on cash: 7.93% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 7.93%
5059 NE Rogers Rd Kalkaska, MI Discover peace, privacy, and endless outdoor adventure with this beautifully framed 3-bedr...	3 beds \| 2 baths \| 1,139 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.49% Airbnb Rental Income: $null Traditional Rental Income: $2036 Airbnb ROI: N/A Traditional ROI: 7.49%
7033 NE WC Cross Dr Kalkaska, MI This inviting cottage on the Manistee Channel opens the door to an 860-acre all-sports lak...	2 beds \| 1 baths \| 832 sq.ft.	$299,998	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $1639 Airbnb ROI: N/A Traditional ROI: 4.31%
4446 E Shore Drive NE Kalkaska, MI Enjoy life by the lake with this inviting cabin located directly across the road from Lake...	2 beds \| 1 baths \| 1,040 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.81% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 5.81%
4181 NE Sands Park Dr 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: N/A Traditional cash on cash: 9.84% Airbnb Rental Income: $null Traditional Rental Income: $1603 Airbnb ROI: N/A Traditional ROI: 9.84%
6017 NE Myers Rd Kalkaska, MI Discover your new retreat in beautiful Kalkaska, where nature and comfort blend seamlessly...	3 beds \| 2 baths \| 1,232 sq.ft.	$169,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.54% Airbnb Rental Income: $null Traditional Rental Income: $2037 Airbnb ROI: N/A Traditional ROI: 10.54%
5532 Kerbysons Dr 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: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2811 Airbnb ROI: N/A Traditional ROI: 6.5%
11436 Lakeview Rd NE Kalkaska, MI It's not too late...this 'Treehouse' in Michigan assures your enjoyment through all four s...	3 beds \| 2 baths \| 3,000 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.98% Airbnb Rental Income: $null Traditional Rental Income: $3516 Airbnb ROI: N/A 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.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.32% Airbnb Rental Income: $null Traditional Rental Income: $1733 Airbnb ROI: N/A Traditional ROI: 7.32%
1967 NE Fairways Dr 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: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2609 Airbnb ROI: N/A Traditional ROI: 5.92%
6397 W Blue Lake Road, NE Kalkaska, MI Discover this stunning newly remodeled 3-bedroom, 2.5-bathroom home on West Blue Lake Road...	3 beds \| 2 baths \| 1,664 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.29% Airbnb Rental Income: $null Traditional Rental Income: $2534 Airbnb ROI: N/A Traditional ROI: 2.29%
481 Lake Drive NE Kalkaska, MI Enjoy 120 feet of frontage on all-sports Crawford Lake! Step into the living room and take...	2 beds \| 1 baths \| 1,146 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.6% Airbnb Rental Income: $null Traditional Rental Income: $1838 Airbnb ROI: N/A Traditional ROI: 2.6%
411 S Walnut St Kalkaska, MI This is a single family home. This home is located at 411 S Walnut St, Kalkaska, MI 49646.	3 beds \| 1 baths \| 1,794 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.59% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 1.59%
302 W Dresden St Kalkaska, MI Just reduced! You won't believe this remodeled home is not brand new! Welcome home, to yo...	5 beds \| 3 baths \| 3,096 sq.ft.	$470,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.39% Airbnb Rental Income: $null Traditional Rental Income: $3388 Airbnb ROI: N/A Traditional ROI: 6.39%
316 S Coral St Kalkaska, MI 316 S Coral St, Kalkaska, MI 49646 \| Single Family Residential	6 beds \| 2 baths \| 2,400 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.78% Airbnb Rental Income: $null Traditional Rental Income: $2369 Airbnb ROI: N/A Traditional ROI: 10.78%
V/L 80AC State Rd #80 Acres Kalkaska, MI V/L 80AC State Rd, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$99,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.63% Airbnb Rental Income: $null Traditional Rental Income: $1073 Airbnb ROI: N/A Traditional ROI: 7.63%
222 Chestnut St NE Kalkaska, MI 222 Chestnut St NE, Kalkaska, MI 49646 \| Single Family Residential	3 beds \| 2 baths \| 1,758 sq.ft.	$282,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $2239 Airbnb ROI: N/A Traditional ROI: 5.55%
5877 E Lake Five Ln Kalkaska, MI 5877 E Lake Five Ln, Kalkaska, MI 49646 \| Single Family Residential	4 beds \| 5 baths \| 4,543 sq.ft.	$1,075,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.24% Airbnb Rental Income: $null Traditional Rental Income: $4861 Airbnb ROI: N/A Traditional ROI: 2.24%
5038 NE East Shore Dr Kalkaska, MI 5038 NE East Shore Dr, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$70,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.7% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 7.7%
616 Dresden Rd Kalkaska, MI 616 Dresden Rd, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.46% Airbnb Rental Income: $null Traditional Rental Income: $1073 Airbnb ROI: N/A Traditional ROI: 0.46%
5611 NE East Shore Dr Lot : 11 Kalkaska, MI 5611 NE East Shore Dr Lot : 11, Kalkaska, MI 49646 \| Single Family Residential	3 beds \| 2 baths \| 1,438 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2039 Airbnb ROI: N/A Traditional ROI: 5.75%
5611 NE East Shore Dr Lot : 10-11 Kalkaska, MI 5611 NE East Shore Dr Lot : 10-11, Kalkaska, MI 49646 \| Single Family Residential	3 beds \| 2 baths \| 1,438 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $2030 Airbnb ROI: N/A Traditional ROI: 3.82%
7033 NE WC Cross Dr Lot : 12 Kalkaska, MI 7033 NE WC Cross Dr Lot : 12, Kalkaska, MI 49659 \| Single Family Residential	2 beds \| 1 baths \| 832 sq.ft.	$299,998	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $1245 Airbnb ROI: N/A Traditional ROI: 1.56%
5616 E Shore Kalkaska, MI 5616 E Shore, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.52% Airbnb Rental Income: $null Traditional Rental Income: $802 Airbnb ROI: N/A Traditional ROI: 6.52%
00 Shady Ln Kalkaska, MI 00 Shady Ln, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.37% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -0.37%
0 State Rd Kalkaska, MI 0 State Rd, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$99,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 4.81%
000 Bear Ln Kalkaska, MI 000 Bear Ln, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.81% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -0.81%
000 Pontius Rd Kalkaska, MI 000 Pontius Rd, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 5.54%
000 Pontius Rd SE Kalkaska, MI 000 Pontius Rd SE, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 5.54%
5766 E Shore Dr Kalkaska, MI 5766 E Shore Dr, Kalkaska, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$62,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.91% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 8.91%

Real Estate investment in Kalkaska, MI

There are 48 properties for sale in the city of Kalkaska . The median list price in Kalkaska is $177,450 and the average price per square foot is $137. In February 2026, the average monthly cash on cash return in Kalkaska is 7.00%. The average monthly rental income in Kalkaska is $1,538.

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

There are 48 investment properties available for sale in Kalkaska.

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

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

Your search for investment property begins and ends here

Investment Property for Sale in Kalkaska, MI

103 Arbor St

Kalkaska, MI

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

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.96%

Airbnb Rental Income: $null

Traditional Rental Income: $1860

Airbnb ROI: N/A

Traditional ROI: 4.96%

1021 W Kalkaska Rd

Kalkaska, MI

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

$309,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2017

Airbnb ROI: N/A

Traditional ROI: 4.09%

409 S Cherry St

Kalkaska, MI

4 beds | 2 baths | 1,403 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1099

Airbnb ROI: N/A

Traditional ROI: 2.31%

7609 Shore Road, NE

Kalkaska, MI

3 beds | 2 baths | 1,100 sq.ft.

$549,999

Airbnb cash on cash: N/A

Traditional cash on cash: 1.52%

Airbnb Rental Income: $null

Traditional Rental Income: $2171

Airbnb ROI: N/A

Traditional ROI: 1.52%

4029 E Shore Dr NE #3

Kalkaska, MI

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

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.05%

Airbnb Rental Income: $null

Traditional Rental Income: $2227

Airbnb ROI: N/A

Traditional ROI: 4.05%

714 SE Saunders Road

Kalkaska, MI

3 beds | 2 baths | 1,431 sq.ft.

$315,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2455

Airbnb ROI: N/A

Traditional ROI: 6.09%

11475 NE Lakeview Drive

Kalkaska, MI

4 beds | 2 baths | 2,180 sq.ft.

$359,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.49%

Airbnb Rental Income: $null

Traditional Rental Income: $3005

Airbnb ROI: N/A

Traditional ROI: 7.49%

5611 NE East Shore Dr

Kalkaska, MI

3 beds | 2 baths | 1,438 sq.ft.

$249,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2308

Airbnb ROI: N/A