Real Estate Investment Properties for Sale in Leroy, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
16530 LONESOME TRAIL Leroy, MI Waterfront cottage in a peaceful wooded setting. This 2-bedroom, 1-bath is a great home fo...	2 beds \| 1 baths \| 750 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $1937 Airbnb ROI: N/A Traditional ROI: 4.03%
16545 LONESOME TRAIL Leroy, MI Charming Lakeview Home with Year-Round Lake Lifestyle - Nestled in a beautiful, wooded se...	2 beds \| 1 baths \| 1,292 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.57% Airbnb Rental Income: $null Traditional Rental Income: $1734 Airbnb ROI: N/A Traditional ROI: 4.57%
17535 18 Mile Road Leroy, MI Land Contract terms are available with $50,000 Down. This is a classic farm house on 10 ac...	3 beds \| 1 baths \| 1,612 sq.ft.	$199,900	Airbnb cash on cash: 1.1% Traditional cash on cash: 6.37% Airbnb Rental Income: $1343 Traditional Rental Income: $1930 Airbnb ROI: 1.1% Traditional ROI: 6.37%
16545 Lonesome Trail Trail Leroy, MI Charming Lakeview Home with Year-Round Lake Lifestyle - Nestled in a beautiful, wooded set...	2 beds \| 1 baths \| 1,292 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $1807 Airbnb ROI: N/A Traditional ROI: 4.89%
124 Horseshoe Drive Leroy, MI Lakefront All-Sports Ranch Walkout - Endless Potential🎣🌊🛶 5 bdrm/3...	5 beds \| 3 baths \| 3,040 sq.ft.	$360,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 7.86% Airbnb Rental Income: $1719 Traditional Rental Income: $3420 Airbnb ROI: 1.42% Traditional ROI: 7.86%
17404 W Rose Lake Road Leroy, MI Lakefront Living on All-Sport Rose Lake! Welcome to your dream lake home featuring 80 fee...	4 beds \| 2 baths \| 1,745 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.37% Airbnb Rental Income: $null Traditional Rental Income: $2916 Airbnb ROI: N/A Traditional ROI: 6.37%
10686 190th Avenue Leroy, MI Almost 20 acres of beautiful rolling land!!! This spacious farmhouse, with a functional an...	4 beds \| 2 baths \| 2,024 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.32% Airbnb Rental Income: $null Traditional Rental Income: $2522 Airbnb ROI: N/A Traditional ROI: 8.32%
12596 Marilyn Drive Leroy, MI All Sports WELLS LAKE- 2014 Ranch home w/3 bed, 2 bath, Full Walk Out Basement w/10FT cei...	3 beds \| 2 baths \| 1,539 sq.ft.	$399,999	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.43% Airbnb Rental Income: $1343 Traditional Rental Income: $2684 Airbnb ROI: 0.76% Traditional ROI: 5.43%
195 Forest Trail Leroy, MI Welcome to this charming 2-bedroom home thatâs been thoughtfully updated and is truly mo...	2 beds \| 1 baths \| 750 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $1255 Airbnb ROI: N/A Traditional ROI: 5.1%
142 Forest Trail Leroy, MI Welcome to this beautifully maintained 3-bedroom, 2-bath home with deeded shared access to...	3 beds \| 2 baths \| 1,366 sq.ft.	$199,999	Airbnb cash on cash: 1.89% Traditional cash on cash: 9.33% Airbnb Rental Income: $1343 Traditional Rental Income: $2341 Airbnb ROI: 1.89% Traditional ROI: 9.33%
17510 190th Avenue Leroy, MI Rare opportunity to own this one-of-a-kind 39-acre parcel with a 12-15-acre completely pri...	2 beds \| 1 baths \| 600 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $1465 Airbnb ROI: N/A Traditional ROI: 2.12%
16178 150th Avenue Leroy, MI 10 wooded rolling acres with spacious 5 bedroom, 2 bath ranch with basement, 2 car garage ...	5 beds \| 2 baths \| 1,876 sq.ft.	$295,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 7.29% Airbnb Rental Income: $1719 Traditional Rental Income: $2818 Airbnb ROI: 1.62% Traditional ROI: 7.29%
15760 Lakola Road Leroy, MI A Quiet Slice of Northern Michigan, Peaceful Country Living on 9+ Acres. Down a quiet coun...	3 beds \| 1 baths \| 1,290 sq.ft.	$299,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.91% Airbnb Rental Income: $1343 Traditional Rental Income: $1944 Airbnb ROI: 1.32% Traditional ROI: 4.91%
16186 N 200th Avenue Leroy, MI For the first time ever, this cherished homestead is ready for its next chapter. Lovingly ...	4 beds \| 4 baths \| 3,737 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $3625 Airbnb ROI: N/A Traditional ROI: 6.61%
16966 MAPLE DRIVE Leroy, MI Fabulous, very well cared for home with many major updates, sitting on 8.5 acres M/L, with...	3 beds \| 1 baths \| 1,578 sq.ft.	$249,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 5.39% Airbnb Rental Income: $1343 Traditional Rental Income: $1961 Airbnb ROI: 1.03% Traditional ROI: 5.39%
19631 MCKINLEY ROAD Leroy, MI Great country setting! Beautiful woods at the back of this 18 acres M/L, so makes for exce...	4 beds \| 2 baths \| 2,444 sq.ft.	$298,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.86% Airbnb Rental Income: $null Traditional Rental Income: $2684 Airbnb ROI: N/A Traditional ROI: 7.86%
114 Horseshoe Drive Leroy, MI Nestled on the picturesque shores of Hogback Lake (all sports lake) at 114 Horseshoe Dr in...	2 beds \| 1 baths \| 946 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.45% Airbnb Rental Income: $null Traditional Rental Income: $1366 Airbnb ROI: N/A Traditional ROI: 3.45%
17324 11 Mile Rd Road Leroy, MI Newly remodeled 2 bed 1 bath home. Only 4 miles from US-131 the location feels very privat...	2 beds \| 1 baths \| 980 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.09% Airbnb Rental Income: $null Traditional Rental Income: $1601 Airbnb ROI: N/A Traditional ROI: 7.09%
13526 165th Avenue Leroy, MI Check out this gorgeous, wooded 40-acre parcel with a private pond! The cozy cabin has ele...	3 beds \| 1 baths \| 1,512 sq.ft.	$220,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 6.96% Airbnb Rental Income: $1343 Traditional Rental Income: $2025 Airbnb ROI: 1.71% Traditional ROI: 6.96%

Real Estate investment in Leroy, MI

There are 19 properties for sale in the city of Leroy . The median list price in Leroy is $249,900 and the average price per square foot is $162. In September 2025, the average monthly cash on cash return in Leroy is 7.00%. The average monthly rental income in Leroy is $1,944.

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

There are 19 investment properties available for sale in Leroy.

In 2025, the best neighborhood to buy investment property is Leroy.

The ROI for Long-Term is higher than the Short-Term in Leroy with average rental income of $1,944.

Your search for investment property begins and ends here

Investment Property for Sale in Leroy, MI

16530 LONESOME TRAIL

Leroy, MI

2 beds | 1 baths | 750 sq.ft.

$299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.03%

Airbnb Rental Income: $null

Traditional Rental Income: $1937

Airbnb ROI: N/A

Traditional ROI: 4.03%

16545 LONESOME TRAIL

Leroy, MI

2 beds | 1 baths | 1,292 sq.ft.

$245,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.57%

Airbnb Rental Income: $null

Traditional Rental Income: $1734

Airbnb ROI: N/A

Traditional ROI: 4.57%

17535 18 Mile Road

Leroy, MI

3 beds | 1 baths | 1,612 sq.ft.

$199,900

Airbnb cash on cash: 1.1%

Traditional cash on cash: 6.37%

Airbnb Rental Income: $1343

Traditional Rental Income: $1930

Airbnb ROI: 1.1%

Traditional ROI: 6.37%

16545 Lonesome Trail Trail

Leroy, MI

2 beds | 1 baths | 1,292 sq.ft.

$245,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.89%

Airbnb Rental Income: $null

Traditional Rental Income: $1807

Airbnb ROI: N/A

Traditional ROI: 4.89%

124 Horseshoe Drive

Leroy, MI

5 beds | 3 baths | 3,040 sq.ft.

$360,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 7.86%

Airbnb Rental Income: $1719

Traditional Rental Income: $3420

Airbnb ROI: 1.42%

Traditional ROI: 7.86%

17404 W Rose Lake Road

Leroy, MI

4 beds | 2 baths | 1,745 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.37%

Airbnb Rental Income: $null

Traditional Rental Income: $2916

Airbnb ROI: N/A

Traditional ROI: 6.37%

10686 190th Avenue

Leroy, MI

4 beds | 2 baths | 2,024 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.32%

Airbnb Rental Income: $null

Traditional Rental Income: $2522

Airbnb ROI: N/A

Traditional ROI: 8.32%

12596 Marilyn Drive

Leroy, MI

3 beds | 2 baths | 1,539 sq.ft.

$399,999

Airbnb cash on cash: 0.76%

Traditional cash on cash: 5.43%

Airbnb Rental Income: $1343

Traditional Rental Income: $2684

Airbnb ROI: 0.76%