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
5041 Maple Knoll Drive NE Kalkaska, MI Charming all-sports lakefront property on beautiful Manistee Lake offering the perfect fou...	2 beds \| 2 baths \| 957 sq.ft.	$599,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 1.26% Airbnb Rental Income: $1158 Traditional Rental Income: $1865 Airbnb ROI: -0.69% Traditional ROI: 1.26%
493 NE County Road 571 Kalkaska, MI Horse Lover's Delight! 30 acre setting 7 miles from Kalkaska, 23 miles from Flint Fields ...	2 beds \| 1 baths \| 672 sq.ft.	$439,900	Airbnb cash on cash: -0.87% Traditional cash on cash: 1.13% Airbnb Rental Income: $1158 Traditional Rental Income: $1601 Airbnb ROI: -0.87% Traditional ROI: 1.13%
6777 Blue Lake Road, Ne Kalkaska, MI Captivating Blue Lake Retreat! Experience the pinnacle of lakeside living on highly sought...	4 beds \| 3 baths \| 2,000 sq.ft.	$785,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 1.62% Airbnb Rental Income: $2611 Traditional Rental Income: $3126 Airbnb ROI: 0.06% Traditional ROI: 1.62%
827 NE Lake Drive Kalkaska, MI This fully remodeled 2-bed, 2-bath home with bunk house on Crawford Lake is move-in ready ...	2 beds \| 2 baths \| 950 sq.ft.	$400,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.34% Airbnb Rental Income: $1158 Traditional Rental Income: $1541 Airbnb ROI: -0.7% Traditional ROI: 1.34%
204 N Orange Street Kalkaska, MI Find your forever home right here in Kalkaska! This 3 bedroom 2 bath home has been recentl...	3 beds \| 2 baths \| 1,462 sq.ft.	$339,500	Airbnb cash on cash: -0.52% Traditional cash on cash: 3.26% Airbnb Rental Income: $1104 Traditional Rental Income: $1938 Airbnb ROI: -0.52% Traditional ROI: 3.26%
TBB 5086 Red Maple Drive Kalkaska, MI Experience main floor living at its best in this upcoming 3 bed/2 bath ranch-style home in...	3 beds \| 2 baths \| 1,247 sq.ft.	$369,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.67% Airbnb Rental Income: $1104 Traditional Rental Income: $1898 Airbnb ROI: -0.69% Traditional ROI: 2.67%
377 E Bear Lake Road Kalkaska, MI Motivated seller, make us an offer! Enjoy the best of Up North living within walking dista...	2 beds \| 1 baths \| 924 sq.ft.	$112,500	Airbnb cash on cash: 3.78% Traditional cash on cash: 8.84% Airbnb Rental Income: $1158 Traditional Rental Income: $1326 Airbnb ROI: 3.78% Traditional ROI: 8.84%
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: 0.27% Traditional cash on cash: 6.09% Airbnb Rental Income: $1104 Traditional Rental Income: $2455 Airbnb ROI: 0.27% Traditional ROI: 6.09%
262 E Bear Lake Road NE Kalkaska, MI Are you serious?! A 3 bed/2ba home with Garage/Pole Building, over 2 acres and only 2min a...	3 beds \| 2 baths \| 1,152 sq.ft.	$189,900	Airbnb cash on cash: 2.15% Traditional cash on cash: 9.18% Airbnb Rental Income: $1104 Traditional Rental Income: $1999 Airbnb ROI: 2.15% Traditional ROI: 9.18%
13765 Sunburry Road NE Kalkaska, MI Up North Cottage with public access to Blue Lake just 300 feet away! This charming updated...	2 beds \| 1 baths \| 982 sq.ft.	$148,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 9.55% Airbnb Rental Income: $1158 Traditional Rental Income: $1701 Airbnb ROI: 3.03% Traditional ROI: 9.55%
4328 N Shore Drive Kalkaska, MI Fabulous & Affordable Lakefront Retreat! Move-in ready 3BR, 2BA home on a wonderful all-sp...	3 beds \| 2 baths \| 1,120 sq.ft.	$319,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 5.23% Airbnb Rental Income: $1104 Traditional Rental Income: $2210 Airbnb ROI: 0.32% Traditional ROI: 5.23%
7033 NE WC Cross Drive Kalkaska, MI Room to Grow on the waterfront! The best in 4 seasons of fun! Check out this inviting fu...	2 beds \| 1 baths \| 832 sq.ft.	$284,999	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.59% Airbnb Rental Income: $1158 Traditional Rental Income: $1639 Airbnb ROI: 1.37% Traditional ROI: 4.59%
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.	$349,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 7.13% Airbnb Rental Income: $1158 Traditional Rental Income: $2811 Airbnb ROI: 0.94% Traditional ROI: 7.13%
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: -1.76% Traditional cash on cash: 1.98% Airbnb Rental Income: $1104 Traditional Rental Income: $3516 Airbnb ROI: -1.76% 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.	$165,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 7.9% Airbnb Rental Income: $1158 Traditional Rental Income: $1733 Airbnb ROI: 1.83% Traditional ROI: 7.9%
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.	$330,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 6.13% Airbnb Rental Income: $1104 Traditional Rental Income: $2609 Airbnb ROI: 0.07% Traditional ROI: 6.13%
7149 W Blue Lake Road, Ne Kalkaska, MI Welcome to this inviting 3-bedroom, 2-bath home perfectly situated on a corner lot within ...	3 beds \| 2 baths \| 1,456 sq.ft.	$229,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 9.82% Airbnb Rental Income: $1104 Traditional Rental Income: $2622 Airbnb ROI: 1.13% Traditional ROI: 9.82%
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.	$190,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 6.51% Airbnb Rental Income: $1158 Traditional Rental Income: $1723 Airbnb ROI: 1.27% Traditional ROI: 6.51%
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.	$227,500	Airbnb cash on cash: 1.53% Traditional cash on cash: 5.79% Airbnb Rental Income: $1158 Traditional Rental Income: $1693 Airbnb ROI: 1.53% Traditional ROI: 5.79%
304 Lincoln Street Kalkaska, MI Move in ready home in the heart of the village. Brand new construction with elevated ceili...	2 beds \| 1 baths \| 1,200 sq.ft.	$265,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 4.48% Airbnb Rental Income: $1158 Traditional Rental Income: $1849 Airbnb ROI: 0.2% Traditional ROI: 4.48%
837 Pontius Road SE Kalkaska, MI Totally remodeled home on 2.5 acres, private setting. 3 bedroom, 1 bath, lots of updates i...	3 beds \| 1 baths \| 1,000 sq.ft.	$189,900	Airbnb cash on cash: 2.1% Traditional cash on cash: 7.24% Airbnb Rental Income: $1104 Traditional Rental Income: $1658 Airbnb ROI: 2.1% Traditional ROI: 7.24%
318 E Bear Lake Road Kalkaska, MI This year round 3 bedroom, 1 bath home or up north cabin is renovated and in move-in condi...	3 beds \| 1 baths \| 1,040 sq.ft.	$239,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 4.68% Airbnb Rental Income: $1104 Traditional Rental Income: $1726 Airbnb ROI: 0.29% Traditional ROI: 4.68%
1134 SE East Lake Drive Kalkaska, MI FIXER UPPER PROPERTY. Up north cottage for sale, in the heart of Kalkaska County. It does ...	2 beds \| 1 baths \| 1,200 sq.ft.	$139,900	Airbnb cash on cash: 2.58% Traditional cash on cash: 10.72% Airbnb Rental Income: $1158 Traditional Rental Income: $1868 Airbnb ROI: 2.58% Traditional ROI: 10.72%
2276 Birchcrest Drive Kalkaska, MI Turn-key waterfront retreat with private dock and access to all-sports Bear Lake -- fully ...	4 beds \| 2 baths \| 1,380 sq.ft.	$429,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 3.43% Airbnb Rental Income: $2611 Traditional Rental Income: $2492 Airbnb ROI: 2.18% Traditional ROI: 3.43%
10778 Black Bear Road NE Kalkaska, MI WOW-It's almost like a fairytale setting...this beautiful home sits on 6 acres up on the h...	3 beds \| 3 baths \| 3,344 sq.ft.	$494,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 4.48% Airbnb Rental Income: $1104 Traditional Rental Income: $2927 Airbnb ROI: -0.28% Traditional ROI: 4.48%
7939 NE Beechnut Street Kalkaska, MI What a charming Cottage !! check out some of the history. 2005-2013 : Cottage strip to the...	2 beds \| 1 baths \| 800 sq.ft.	$149,900	Airbnb cash on cash: 3.05% Traditional cash on cash: 9.17% Airbnb Rental Income: $1158 Traditional Rental Income: $1655 Airbnb ROI: 3.05% Traditional ROI: 9.17%
1508 NE County Road 571 Kalkaska, MI Great home looking for its new owners! Country living at its best with plenty of room insi...	3 beds \| 2 baths \| 1,410 sq.ft.	$259,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 7.27% Airbnb Rental Income: $1104 Traditional Rental Income: $2247 Airbnb ROI: 1.07% Traditional ROI: 7.27%
1515 NE W Bear Lake Road Kalkaska, MI Up North enthusiasts â this is the getaway youâve been waiting for! Perfect as a four-...	2 beds \| 1 baths \| 960 sq.ft.	$249,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 4.6% Airbnb Rental Income: $1158 Traditional Rental Income: $1497 Airbnb ROI: 1.54% Traditional ROI: 4.6%
602 Lincoln Street Kalkaska, MI Welcome to this well-maintained 4-bedroom, 1.5-bathroom home with 1,400 square feet and a ...	4 beds \| 1 baths \| 1,598 sq.ft.	$309,900	Airbnb cash on cash: 3.92% Traditional cash on cash: 5.6% Airbnb Rental Income: $2611 Traditional Rental Income: $2476 Airbnb ROI: 3.92% Traditional ROI: 5.6%
6675 NE Camp Tanuga Road Kalkaska, MI Very nice, country home with 3bed/2bath. move in ready. This home has fresh paint, newer f...	3 beds \| 2 baths \| 1,272 sq.ft.	$279,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 5.34% Airbnb Rental Income: $1104 Traditional Rental Income: $2167 Airbnb ROI: -0.1% Traditional ROI: 5.34%
4805 E Shore Drive Kalkaska, MI Turnkey, exquisite Manistee Lake waterfront home offering 4,700 square feet and up to six ...	5 beds \| 2 baths \| 4,715 sq.ft.	$1,599,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.05% Airbnb Rental Income: $1741 Traditional Rental Income: $3609 Airbnb ROI: -0.53% Traditional ROI: 1.05%
817 E Dresden Street Kalkaska, MI Fantastic location for the active Buyer/Family, located just outside the Village of Kalkas...	4 beds \| 2 baths \| 2,392 sq.ft.	$279,900	Airbnb cash on cash: 4.66% Traditional cash on cash: 7.49% Airbnb Rental Income: $2611 Traditional Rental Income: $2735 Airbnb ROI: 4.66% Traditional ROI: 7.49%
7148 W Blue Lake Road, Ne Kalkaska, MI Welcome to your own slice of Northern Michigan Paradise! Cherished by the same owners for ...	2 beds \| 2 baths \| 2,160 sq.ft.	$499,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 4.81% Airbnb Rental Income: $1158 Traditional Rental Income: $3092 Airbnb ROI: -0.16% Traditional ROI: 4.81%
2570 Kettle Lake Road Kalkaska, MI Check out this great little house on a fabulous one acre wooded parcel! Add 10' on Palmer ...	2 beds \| 1 baths \| 1,200 sq.ft.	$154,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 10.82% Airbnb Rental Income: $1158 Traditional Rental Income: $1912 Airbnb ROI: 3.1% Traditional ROI: 10.82%
9124 Jyla Lane SE Kalkaska, MI Escape to the outdoors with this exceptional off-grid retreat on 20 private acres in Kalka...	2 beds \| 1 baths \| 1,080 sq.ft.	$329,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 3.74% Airbnb Rental Income: $1158 Traditional Rental Income: $1610 Airbnb ROI: 1.05% Traditional ROI: 3.74%
3057 W M-72 Kalkaska, MI Discover your perfect up north retreat or full-time home in this move-in ready 2 bedroom, ...	2 beds \| 1 baths \| 1,293 sq.ft.	$325,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 3.98% Airbnb Rental Income: $1158 Traditional Rental Income: $1749 Airbnb ROI: 0.8% Traditional ROI: 3.98%
5596 NE Rita Drive Kalkaska, MI Enjoy Northern Michigan lakefront living with this 3-bedroom, 4-bath home featuring 95 fee...	3 beds \| 4 baths \| 2,545 sq.ft.	$424,900	Airbnb cash on cash: -0.92% Traditional cash on cash: 4.83% Airbnb Rental Income: $1104 Traditional Rental Income: $3019 Airbnb ROI: -0.92% Traditional ROI: 4.83%
520 NE Old M-66 Kalkaska, MI Explore 40 acres of opportunity with this incredible property that borders the Kalkaska Vi...	5 beds \| 2 baths \| 1,620 sq.ft.	$449,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.59% Airbnb Rental Income: $1741 Traditional Rental Income: $2670 Airbnb ROI: 0.25% Traditional ROI: 3.59%
11556 Hillcrest Boulevard Kalkaska, MI Opportunity awaits just moments from Bear Lake public access! Situated on a beautiful wood...	2 beds \| 1 baths \| 768 sq.ft.	$155,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 7.53% Airbnb Rental Income: $1158 Traditional Rental Income: $1419 Airbnb ROI: 3.19% Traditional ROI: 7.53%

Real Estate investment in Kalkaska, MI

There are 41 properties for sale in the city of Kalkaska . The median list price in Kalkaska is $211,873 and the average price per square foot is $147. In July 2026, the average monthly cash on cash return in Kalkaska is 5.00%. The average monthly rental income in Kalkaska is $1,883.

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

There are 41 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 $1,883.

Your search for investment property begins and ends here

Investment Property for Sale in Kalkaska, MI

5041 Maple Knoll Drive NE

Kalkaska, MI

2 beds | 2 baths | 957 sq.ft.

$599,900

Airbnb cash on cash: -0.69%

Traditional cash on cash: 1.26%

Airbnb Rental Income: $1158

Traditional Rental Income: $1865

Airbnb ROI: -0.69%

Traditional ROI: 1.26%

493 NE County Road 571

Kalkaska, MI

2 beds | 1 baths | 672 sq.ft.

$439,900

Airbnb cash on cash: -0.87%

Traditional cash on cash: 1.13%

Airbnb Rental Income: $1158

Traditional Rental Income: $1601

Airbnb ROI: -0.87%

Traditional ROI: 1.13%

6777 Blue Lake Road, Ne

Kalkaska, MI

4 beds | 3 baths | 2,000 sq.ft.

$785,000

Airbnb cash on cash: 0.06%

Traditional cash on cash: 1.62%

Airbnb Rental Income: $2611

Traditional Rental Income: $3126

Airbnb ROI: 0.06%

Traditional ROI: 1.62%

827 NE Lake Drive

Kalkaska, MI

2 beds | 2 baths | 950 sq.ft.

$400,000

Airbnb cash on cash: -0.7%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $1158

Traditional Rental Income: $1541

Airbnb ROI: -0.7%

Traditional ROI: 1.34%

204 N Orange Street

Kalkaska, MI

3 beds | 2 baths | 1,462 sq.ft.

$339,500

Airbnb cash on cash: -0.52%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1104

Traditional Rental Income: $1938

Airbnb ROI: -0.52%

Traditional ROI: 3.26%

TBB 5086 Red Maple Drive

Kalkaska, MI

3 beds | 2 baths | 1,247 sq.ft.

$369,900

Airbnb cash on cash: -0.69%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $1104

Traditional Rental Income: $1898

Airbnb ROI: -0.69%

Traditional ROI: 2.67%

377 E Bear Lake Road

Kalkaska, MI

2 beds | 1 baths | 924 sq.ft.

$112,500

Airbnb cash on cash: 3.78%

Traditional cash on cash: 8.84%

Airbnb Rental Income: $1158

Traditional Rental Income: $1326

Airbnb ROI: 3.78%

Traditional ROI: 8.84%

714 SE Saunders Road

Kalkaska, MI

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

$315,000

Airbnb cash on cash: 0.27%

Traditional cash on cash: 6.09%

Airbnb Rental Income: $1104

Traditional Rental Income: $2455

Airbnb ROI: 0.27%