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
815 E State Street Luther, MI Nice location in East Tawas! This home has been totally remodeled, down to the studs. It'...	3 beds \| 1 baths \| 1,253 sq.ft.	$219,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 6.29% Airbnb Rental Income: $1142 Traditional Rental Income: $1854 Airbnb ROI: 1.03% Traditional ROI: 6.29%
Investment Properties for Sale in Other Cities of Michigan
1021 Clear Creek Drive Rochester Hills , MI EXCEPTIONALLY RARE OPPORTUNITY to SECURE the "Idea Show House" Model in Prestigious & High...	4 beds \| 5 baths \| 5,272 sq.ft.	$1,997,500	Airbnb cash on cash: -1.42% Traditional cash on cash: 0.48% Airbnb Rental Income: $1968 Traditional Rental Income: $4965 Airbnb ROI: -1.42% Traditional ROI: 0.48%
2309 WALTON Boulevard #32 Rochester Hills , MI Incredibly affordable and fabulous first floor condo in Rochester Hills. This fully renova...	2 beds \| 1 baths \| 1,058 sq.ft.	$145,000	Airbnb cash on cash: -2.78% Traditional cash on cash: 4.35% Airbnb Rental Income: $819 Traditional Rental Income: $1483 Airbnb ROI: -2.78% Traditional ROI: 4.35%
3139 Willet Avenue Rochester Hills , MI On a peaceful, private, paved, road with, no HOA, no outlet and low traffic is a charming ...	3 beds \| 2 baths \| 1,336 sq.ft.	$339,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.67% Airbnb Rental Income: $1622 Traditional Rental Income: $1949 Airbnb ROI: 1.21% Traditional ROI: 3.67%
700 Tennyson Rochester Hills , MI Welcome to this wonderful End-Unit, Open Concept home located in Hampton on the Green Golf...	2 beds \| 2 baths \| 1,108 sq.ft.	$265,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.89% Airbnb Rental Income: $819 Traditional Rental Income: $1589 Airbnb ROI: -0.5% Traditional ROI: 3.89%
818 Mohawk Avenue Royal Oak , MI Completely rebuilt 2,000 sf craftsman style home with 4 bedrooms, 3.1 bathrooms, 2 car gar...	4 beds \| 4 baths \| 2,000 sq.ft.	$699,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.4% Airbnb Rental Income: $2271 Traditional Rental Income: $2592 Airbnb ROI: 0.04% Traditional ROI: 1.4%
302 Dewey Street Royal Oak , MI Built in 2016 and located within walking distance of downtown Royal Oak, this 3-bedroom, 3...	3 beds \| 4 baths \| 2,922 sq.ft.	$680,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.86% Airbnb Rental Income: $1569 Traditional Rental Income: $3260 Airbnb ROI: -0.52% Traditional ROI: 2.86%
208 Girard Avenue Royal Oak , MI Your dream home just hit the market! Welcome to 208 Girard, a turnkey and totally charming...	3 beds \| 2 baths \| 1,302 sq.ft.	$389,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.45% Airbnb Rental Income: $1569 Traditional Rental Income: $1889 Airbnb ROI: 0.34% Traditional ROI: 2.45%
31505 Kennoway Ct Beverly Hills , MI Award-winning historic restoration set on a rare 2.5-acre lot along the Rouge River, this ...	5 beds \| 2 baths \| 6,200 sq.ft.	$2,100,000	Airbnb cash on cash: -0.62% Traditional cash on cash: -0.4% Airbnb Rental Income: $2685 Traditional Rental Income: $2477 Airbnb ROI: -0.62% Traditional ROI: -0.4%
66 WINDER Street #332 Detroit , MI Beautiful Corner Loft with Amazing Views of Downtown Skyline. Located in Popular Brush Par...	2 beds \| 2 baths \| 1,446 sq.ft.	$435,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.34% Airbnb Rental Income: $2105 Traditional Rental Income: $2697 Airbnb ROI: 0.56% Traditional ROI: 3.34%
501 Emerald Avenue NE Grand Rapids , MI Located in Grand Rapids' sought-after Midtown neighborhood, this 3-bedroom, 1.5-bath home ...	3 beds \| 2 baths \| 1,753 sq.ft.	$350,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 4.66% Airbnb Rental Income: $1957 Traditional Rental Income: $2233 Airbnb ROI: 2.26% Traditional ROI: 4.66%
3201 Asher Road Ann Arbor , MI Discover this premium Berkshire Creek end-unit home, where modern design meets everyday ea...	2 beds \| 3 baths \| 2,179 sq.ft.	$447,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 2.06% Airbnb Rental Income: $1744 Traditional Rental Income: $2475 Airbnb ROI: -0.84% Traditional ROI: 2.06%
1295 Smith Avenue Birmingham , MI In-town Birmingham living with a rare attached 2-car garage! This 3-bedroom, 2.5-bath home...	3 beds \| 3 baths \| 2,340 sq.ft.	$724,900	Airbnb cash on cash: -0.59% Traditional cash on cash: 1.53% Airbnb Rental Income: $1706 Traditional Rental Income: $2669 Airbnb ROI: -0.59% Traditional ROI: 1.53%
750 Hazelwood Street Birmingham , MI Architectural sophistication meets modern luxury in this extraordinary contemporary reside...	3 beds \| 4 baths \| 3,452 sq.ft.	$1,499,000	Airbnb cash on cash: -1.44% Traditional cash on cash: -0.5% Airbnb Rental Income: $1706 Traditional Rental Income: $2547 Airbnb ROI: -1.44% Traditional ROI: -0.5%

Real Estate investment in Luther, MI

There are 1 properties for sale in the city of Luther . The median list price in Luther is $119,828 and the average price per square foot is $46. In July 2026, the average monthly cash on cash return in Luther is 7.00%. The average monthly rental income in Luther is $1,894.

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

There are 1 investment properties available for sale in Luther.

In 2026, 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 $1,894.

Your search for investment property begins and ends here

Investment Property for Sale in Luther, MI

815 E State Street

Luther, MI

3 beds | 1 baths | 1,253 sq.ft.

$219,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $1142

Traditional Rental Income: $1854

Airbnb ROI: 1.03%

Traditional ROI: 6.29%

Investment Properties for Sale in Other Cities of Michigan

Rochester Hills , MI

4 beds | 5 baths | 5,272 sq.ft.

$1,997,500

Airbnb cash on cash: -1.42%

Traditional cash on cash: 0.48%

Airbnb Rental Income: $1968

Traditional Rental Income: $4965

Airbnb ROI: -1.42%

Traditional ROI: 0.48%

Rochester Hills , MI

2 beds | 1 baths | 1,058 sq.ft.

$145,000

Airbnb cash on cash: -2.78%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $819

Traditional Rental Income: $1483

Airbnb ROI: -2.78%

Traditional ROI: 4.35%

Rochester Hills , MI

3 beds | 2 baths | 1,336 sq.ft.

$339,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $1622

Traditional Rental Income: $1949

Airbnb ROI: 1.21%

Traditional ROI: 3.67%

Rochester Hills , MI

2 beds | 2 baths | 1,108 sq.ft.

$265,000

Airbnb cash on cash: -0.5%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $819

Traditional Rental Income: $1589

Airbnb ROI: -0.5%

Traditional ROI: 3.89%

Royal Oak , MI

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

$699,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $2271

Traditional Rental Income: $2592

Airbnb ROI: 0.04%

Traditional ROI: 1.4%

Royal Oak , MI

3 beds | 4 baths | 2,922 sq.ft.

$680,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 2.86%

Airbnb Rental Income: $1569

Traditional Rental Income: $3260

Airbnb ROI: -0.52%

Traditional ROI: 2.86%

Royal Oak , MI

3 beds | 2 baths | 1,302 sq.ft.

$389,900

Airbnb cash on cash: 0.34%

Traditional cash on cash: 2.45%

Airbnb Rental Income: $1569

Traditional Rental Income: $1889

Airbnb ROI: 0.34%

Traditional ROI: 2.45%

Beverly Hills , MI

5 beds | 2 baths | 6,200 sq.ft.

$2,100,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: -0.4%