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
5423 N Karley Court Luther, MI Escape to this beautiful Pine River retreat featuring 2.5 lots and approximately 170 feet ...	3 beds \| 1 baths \| 1,216 sq.ft.	$143,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.71% Airbnb Rental Income: $null Traditional Rental Income: $1186 Airbnb ROI: N/A Traditional ROI: 5.71%
201 Birch Street Luther, MI 4 BEDROOM HOME WITH A 2 CAR GARAGE ON A LARGE CORNER LOT - COME CHECK IT OUT!	4 beds \| 1 baths \| 1,400 sq.ft.	$133,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $1244 Airbnb ROI: N/A Traditional ROI: 6.59%
408 Garfield Street Luther, MI This home has been so well cared for and is an incredible value! Warm, cozy, and full of c...	2 beds \| 3 baths \| 1,820 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.7% Airbnb Rental Income: $null Traditional Rental Income: $2566 Airbnb ROI: N/A Traditional ROI: 9.7%
3943 N Skookum Road Luther, MI Unique 670-acre private campus property in Northern Michigan offering a rare opportunity f...	N/A beds \| N/A baths \| 22,755 sq.ft.	$6,200,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.22% Airbnb Rental Income: $null Traditional Rental Income: $1894 Airbnb ROI: N/A Traditional ROI: -2.22%
10978 E Eight Mile Road Luther, MI Versatile two-story commercial building offering a unique opportunity for a variety of fut...	N/A beds \| N/A baths \| 2,788 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.48% Airbnb Rental Income: $null Traditional Rental Income: $1705 Airbnb ROI: N/A Traditional ROI: 10.48%
9239 E Eight Mile Road Luther, MI Rare opportunity to own a 100 acre hospitality business directly across from the Manistee ...	N/A beds \| N/A baths \| 4,200 sq.ft.	$889,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.73% Airbnb Rental Income: $null Traditional Rental Income: $1568 Airbnb ROI: N/A Traditional ROI: 0.73%
4395 N Raymond Road Luther, MI Tucked back off the paved road on 14.35 acres, this property feels like a world away. Idea...	3 beds \| 3 baths \| 1,949 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.59% Airbnb Rental Income: $null Traditional Rental Income: $2719 Airbnb ROI: N/A Traditional ROI: 4.59%
10319 E 4 1/2 Mile Road Luther, MI Welcome to this one-owner ranch home nestled on 5 beautiful wooded acres. This well-mainta...	3 beds \| 3 baths \| 2,498 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.67% Airbnb Rental Income: $null Traditional Rental Income: $3018 Airbnb ROI: N/A Traditional ROI: 6.67%
10976 E 3 MILE ROAD Luther, MI Welcome home to this beautiful single-level retreat set on 25 mostly wooded acres, offerin...	3 beds \| 1 baths \| 1,320 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $1841 Airbnb ROI: N/A Traditional ROI: 3.13%
6191 N Pine River Road Luther, MI Attention outdoor enthusiast here is a rare find- 1.88 acres of wooded property with a 1 b...	1 beds \| 1 baths \| 720 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.08% Airbnb Rental Income: $null Traditional Rental Income: $1305 Airbnb ROI: N/A Traditional ROI: 8.08%
984 W Rose Meadow Drive Luther, MI Beautifully maintained and almost entirely renovated 3-bedroom, 2-bath home on over 5 priv...	3 beds \| 2 baths \| 1,976 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $1531 Airbnb ROI: N/A Traditional ROI: 4.6%
10086 E Old M 63 Luther, MI Affixed manufactured home on owned land in rural Luther, Michigan, offering a private and ...	3 beds \| 3 baths \| 1,450 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.82% Airbnb Rental Income: $null Traditional Rental Income: $1531 Airbnb ROI: N/A Traditional ROI: 5.82%
1718 N Saddler Road Luther, MI 10 wooded acres in Luther with mature trees, abundant wildlife, and endless possibilities!...	2 beds \| 1 baths \| 1,260 sq.ft.	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.69% Airbnb Rental Income: $null Traditional Rental Income: $1115 Airbnb ROI: N/A Traditional ROI: 8.69%
687 N Frank Smith Road Luther, MI This charming three-bedroom, two-bath ranch style home sits on 19.39 wooded acres with bea...	3 beds \| 2 baths \| 1,800 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.43% Airbnb Rental Income: $null Traditional Rental Income: $2534 Airbnb ROI: N/A Traditional ROI: 7.43%

Real Estate investment in Luther, MI

There are 16 properties for sale in the city of Luther . The median list price in Luther is $219,900 and the average price per square foot is $76. In May 2026, the average monthly cash on cash return in Luther is 7.00%. The average monthly rental income in Luther is $1,679.

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

There are 16 investment properties available for sale in Luther.

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

Your search for investment property begins and ends here

Investment Property for Sale in Luther, MI

5423 N Karley Court

Luther, MI

3 beds | 1 baths | 1,216 sq.ft.

$143,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.71%

Airbnb Rental Income: $null

Traditional Rental Income: $1186

Airbnb ROI: N/A

Traditional ROI: 5.71%

201 Birch Street

Luther, MI

4 beds | 1 baths | 1,400 sq.ft.

$133,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1244

Airbnb ROI: N/A

Traditional ROI: 6.59%

408 Garfield Street

Luther, MI

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

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2566

Airbnb ROI: N/A

Traditional ROI: 9.7%

3943 N Skookum Road

Luther, MI

N/A beds | N/A baths | 22,755 sq.ft.

$6,200,000

Airbnb cash on cash: N/A

Traditional cash on cash: -2.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1894

Airbnb ROI: N/A

Traditional ROI: -2.22%

10978 E Eight Mile Road

Luther, MI

N/A beds | N/A baths | 2,788 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1705

Airbnb ROI: N/A

Traditional ROI: 10.48%

9239 E Eight Mile Road

Luther, MI

N/A beds | N/A baths | 4,200 sq.ft.

$889,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.73%

Airbnb Rental Income: $null

Traditional Rental Income: $1568

Airbnb ROI: N/A

Traditional ROI: 0.73%

4395 N Raymond Road

Luther, MI

3 beds | 3 baths | 1,949 sq.ft.

$430,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2719

Airbnb ROI: N/A

Traditional ROI: 4.59%

10319 E 4 1/2 Mile Road

Luther, MI

3 beds | 3 baths | 2,498 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.67%

Airbnb Rental Income: $null

Traditional Rental Income: $3018

Airbnb ROI: N/A