Real Estate Investment Properties for Sale in Luther, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4297 N Wilderness Trail Luther, MI Welcome to Wilderness Trail! This very well maintained 3 bedroom/2 bath home offers an op...	3 beds \| 2 baths \| 1,344 sq.ft.	$239,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 7.61% Airbnb Rental Income: $1239 Traditional Rental Income: $2173 Airbnb ROI: 1.75% Traditional ROI: 7.61%
5153 Syers Drive Luther, MI Here is just over 9 acres very secluded at the dead end of the private road with 300 ft fr...	2 beds \| 1 baths \| 600 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.87% Airbnb Rental Income: $null Traditional Rental Income: $1421 Airbnb ROI: N/A Traditional ROI: 7.87%
149 W Runway Drive Luther, MI This 10 acre property with a well maintained manufactured home offers 2 bedrooms, 1 full b...	2 beds \| 1 baths \| 960 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.64% Airbnb Rental Income: $null Traditional Rental Income: $1521 Airbnb ROI: N/A Traditional ROI: 7.64%
10704 E Old M-63 Luther, MI This is an exceptional opportunity for new owners to enjoy the beauty and peace of country...	2 beds \| 2 baths \| 1,809 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $2226 Airbnb ROI: N/A Traditional ROI: 3.79%
5274 N State Road Luther, MI Opportunity awaits at 5274 N State Road. Set your eyes on a versatile 80 acre homestead co...	3 beds \| 3 baths \| 2,023 sq.ft.	$595,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 3.83% Airbnb Rental Income: $1239 Traditional Rental Income: $2988 Airbnb ROI: -0.03% Traditional ROI: 3.83%
3151 N Douglas Road Luther, MI Escape to the serene beauty of Little Manistee River/Millpond in Luther, MI, with this cha...	2 beds \| 1 baths \| 593 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.35% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 8.35%
408 Garfield Street Luther, MI Warm, cozy, and plenty of room! Enjoy a cup of coffee on the beautiful front porch, play b...	2 beds \| 3 baths \| 1,820 sq.ft.	$245,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.6% Airbnb Rental Income: $null Traditional Rental Income: $2566 Airbnb ROI: N/A Traditional ROI: 8.6%
9236 E Old M-63 Luther, MI Perched at the highest elevation in Lake County with expansive views. 3 bedrooms & 3 large...	3 beds \| 3 baths \| 3,100 sq.ft.	$579,900	Airbnb cash on cash: -0.74% Traditional cash on cash: 3.44% Airbnb Rental Income: $1239 Traditional Rental Income: $3107 Airbnb ROI: -0.74% Traditional ROI: 3.44%
4353 E 6 Mile Road Luther, MI Nature lovers' paradise awaits with this 80-acre homestead sanctuary. Located at a dead-en...	3 beds \| 2 baths \| 1,918 sq.ft.	$695,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.96% Airbnb Rental Income: $1239 Traditional Rental Income: $2889 Airbnb ROI: -0.2% Traditional ROI: 2.96%
4958 N Becky Trail Luther, MI Rustic Charm Meets Modern Comfort in the Heart of Lake County. Welcome to your dream get...	3 beds \| 3 baths \| 1,300 sq.ft.	$286,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 6.56% Airbnb Rental Income: $1239 Traditional Rental Income: $2455 Airbnb ROI: 0.58% Traditional ROI: 6.56%
6045 N Syers Drive Luther, MI A Hidden Paradise for Nature Lovers! Welcome to one of Northern Michigan's best-kept secr...	2 beds \| 1 baths \| 1,020 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.08% Airbnb Rental Income: $null Traditional Rental Income: $1700 Airbnb ROI: N/A Traditional ROI: 8.08%
7 W 4 Mile Road Luther, MI Secluded Log Cabin Family Retreat w/265 foot of private Little Manistee River frontage! E...	5 beds \| 2 baths \| 2,339 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $2973 Airbnb ROI: N/A Traditional ROI: 4.4%
1255 E Chickadee Lane Luther, MI Secluded 4-Acre Riverfront Sanctuary with Private Pond and Dual Garages Escape to your pe...	3 beds \| 3 baths \| 2,800 sq.ft.	$289,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 11.03% Airbnb Rental Income: $1239 Traditional Rental Income: $3460 Airbnb ROI: 1.45% Traditional ROI: 11.03%
984 W Rose Meadow Drive Drive Luther, MI Northern Michigan Retreat - 3-Bedroom Home on 5.5 Acres! This immaculate 3-bedroom, 2-b...	3 beds \| 2 baths \| 2,800 sq.ft.	$289,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 8.02% Airbnb Rental Income: $1239 Traditional Rental Income: $2616 Airbnb ROI: 1.53% Traditional ROI: 8.02%

Real Estate investment in Luther, MI

There are 14 properties for sale in the city of Luther . The median list price in Luther is $207,400 and the average price per square foot is $127. In September 2025, the average monthly cash on cash return in Luther is 8.00%. The average monthly rental income in Luther is $2,341.

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

There are 14 investment properties available for sale in Luther.

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

The ROI for Long-Term is higher than the Short-Term in Luther with average rental income of $2,341.

Your search for investment property begins and ends here

Investment Property for Sale in Luther, MI

4297 N Wilderness Trail

Luther, MI

3 beds | 2 baths | 1,344 sq.ft.

$239,900

Airbnb cash on cash: 1.75%

Traditional cash on cash: 7.61%

Airbnb Rental Income: $1239

Traditional Rental Income: $2173

Airbnb ROI: 1.75%

Traditional ROI: 7.61%

5153 Syers Drive

Luther, MI

2 beds | 1 baths | 600 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1421

Airbnb ROI: N/A

Traditional ROI: 7.87%

149 W Runway Drive

Luther, MI

2 beds | 1 baths | 960 sq.ft.

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.64%

Airbnb Rental Income: $null

Traditional Rental Income: $1521

Airbnb ROI: N/A

Traditional ROI: 7.64%

10704 E Old M-63

Luther, MI

2 beds | 2 baths | 1,809 sq.ft.

$360,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.79%

Airbnb Rental Income: $null

Traditional Rental Income: $2226

Airbnb ROI: N/A

Traditional ROI: 3.79%

5274 N State Road

Luther, MI

3 beds | 3 baths | 2,023 sq.ft.

$595,000

Airbnb cash on cash: -0.03%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $1239

Traditional Rental Income: $2988

Airbnb ROI: -0.03%

Traditional ROI: 3.83%

3151 N Douglas Road

Luther, MI

2 beds | 1 baths | 593 sq.ft.

$174,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1759

Airbnb ROI: N/A

Traditional ROI: 8.35%

408 Garfield Street

Luther, MI

2 beds | 3 baths | 1,820 sq.ft.

$245,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.6%

Airbnb Rental Income: $null

Traditional Rental Income: $2566

Airbnb ROI: N/A

Traditional ROI: 8.6%

9236 E Old M-63

Luther, MI

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

$579,900

Airbnb cash on cash: -0.74%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $1239

Traditional Rental Income: $3107

Airbnb ROI: -0.74%