Real Estate Investment Properties for Sale in Newaygo, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
740 W River Hills Court Newaygo, MI Welcome home to this beautiful 3-bedroom property tucked away on a quiet cul-de-sac, offer...	3 beds \| 2 baths \| 1,953 sq.ft.	$315,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 6.77% Airbnb Rental Income: $1045 Traditional Rental Income: $2728 Airbnb ROI: -0.14% Traditional ROI: 6.77%
5705 Centerline Road Newaygo, MI This spacious manufactured home offers the ideal lakefront lifestyle with room to roam, bo...	3 beds \| 2 baths \| 2,240 sq.ft.	$324,900	Airbnb cash on cash: 0.17% Traditional cash on cash: 7.34% Airbnb Rental Income: $1045 Traditional Rental Income: $2873 Airbnb ROI: 0.17% Traditional ROI: 7.34%
4600 S Teal Lane Newaygo, MI Welcome to 4600 S Teal Lane! This beautiful waterfront home estate features over 500ft of ...	3 beds \| 3 baths \| 2,123 sq.ft.	$479,900	Airbnb cash on cash: -2.12% Traditional cash on cash: 3.06% Airbnb Rental Income: $1045 Traditional Rental Income: $3008 Airbnb ROI: -2.12% Traditional ROI: 3.06%
8861 S Big Buck Lane Newaygo, MI This extraordinary property is more than a home; it's a lifestyle. Situated on 6.58 privat...	5 beds \| 2 baths \| 2,890 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $3168 Airbnb ROI: N/A Traditional ROI: 4.35%
6716 Chapman Avenue Newaygo, MI Welcome to this charming cottage/home featuring an open floor plan and a private backyard-...	1 beds \| 1 baths \| 400 sq.ft.	$115,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 6.25% Airbnb Rental Income: $526 Traditional Rental Income: $946 Airbnb ROI: -0.02% Traditional ROI: 6.25%
5904 E Division Street Newaygo, MI Just 45 minutes from Grand Rapids and steps from Croton Pond, this home offers the perfect...	4 beds \| 4 baths \| 3,778 sq.ft.	$725,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.83% Airbnb Rental Income: $1755 Traditional Rental Income: $3237 Airbnb ROI: -0.08% Traditional ROI: 2.83%
737 W North Hills Court Newaygo, MI Welcome to this beautiful and spacious 4-bedroom home, with the potential for a 5th bedroo...	4 beds \| 3 baths \| 2,597 sq.ft.	$380,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 6.74% Airbnb Rental Income: $1755 Traditional Rental Income: $3409 Airbnb ROI: 0.75% Traditional ROI: 6.74%
8478 Vista Drive Newaygo, MI NEW CONSTRUCTION - Some finishing options are still available for you to customize.	2 beds \| 1 baths \| 960 sq.ft.	$225,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 3.39% Airbnb Rental Income: $698 Traditional Rental Income: $1197 Airbnb ROI: -0.39% Traditional ROI: 3.39%
5855 Ridge Street Newaygo, MI DO NOT SOLICIT. SELLER IS STILL UNDER CONTRACT WITH THE LA. Exceptional 4+BR, 2.5BA waterf...	4 beds \| 3 baths \| 2,963 sq.ft.	$642,500	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.32% Airbnb Rental Income: $1755 Traditional Rental Income: $3297 Airbnb ROI: -0.05% Traditional ROI: 3.32%
5557 Front Street Newaygo, MI Stunning Waterfront Retreat on Croton Pond! Dreaming of waterfront living? This fully remo...	4 beds \| 2 baths \| 1,964 sq.ft.	$419,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 6.1% Airbnb Rental Income: $1755 Traditional Rental Income: $3019 Airbnb ROI: 1.67% Traditional ROI: 6.1%
8440 S Felch Avenue Newaygo, MI Stunningly beautiful, this 2,500 square foot riverfront home spans nearly 5 acres and boas...	4 beds \| 3 baths \| 2,468 sq.ft.	$650,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.72% Airbnb Rental Income: $1755 Traditional Rental Income: $3410 Airbnb ROI: 0.2% Traditional ROI: 3.72%
4468 Teal Lane Newaygo, MI Welcome to your serene getaway on the Mighty Muskegon River! This charming three-bedroom c...	3 beds \| 2 baths \| 1,300 sq.ft.	$329,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 4.96% Airbnb Rental Income: $1045 Traditional Rental Income: $2246 Airbnb ROI: -0.09% Traditional ROI: 4.96%
8182 Hardy Drive Newaygo, MI Hardy Pond / Muskegon River Property Well-kept property with deeded access to All-Sports H...	2 beds \| 1 baths \| 766 sq.ft.	$159,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 7.03% Airbnb Rental Income: $698 Traditional Rental Income: $1398 Airbnb ROI: 0.45% Traditional ROI: 7.03%
5752 E 52ND Street Newaygo, MI This could be your opportunity to enjoy lake life!! Just under an acre of land with 82' of...	2 beds \| 1 baths \| 700 sq.ft.	$199,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 6.3% Airbnb Rental Income: $698 Traditional Rental Income: $1578 Airbnb ROI: 0.03% Traditional ROI: 6.3%
9500 Annie Lane Newaygo, MI Escape to peaceful country living at 9500 Annie Lane in Newaygo! This beautifully maintain...	5 beds \| 4 baths \| 4,006 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.19% Airbnb Rental Income: $null Traditional Rental Income: $3864 Airbnb ROI: N/A Traditional ROI: 5.19%
6306 E Carrigan Court Newaygo, MI Looking for the perfect waterfront retreat on Croton Pond? Just in time to enjoy this year...	3 beds \| 2 baths \| 1,680 sq.ft.	$400,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 4.6% Airbnb Rental Income: $1045 Traditional Rental Income: $2711 Airbnb ROI: -0.81% Traditional ROI: 4.6%
6830 E Carrigan Drive Newaygo, MI Live the waterfront lifestyle at the entrance of the Little Muskegon River, providing dire...	4 beds \| 2 baths \| 1,510 sq.ft.	$269,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 7.35% Airbnb Rental Income: $1755 Traditional Rental Income: $2650 Airbnb ROI: 1.94% Traditional ROI: 7.35%
5892 S Carrigan Drive Newaygo, MI Introducing this cute & cozy 3-bedroom 2-bath ranch home boasting over 2,500 sq. ft. and o...	3 beds \| 2 baths \| 2,520 sq.ft.	$445,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.44% Airbnb Rental Income: $1045 Traditional Rental Income: $2738 Airbnb ROI: -0.5% Traditional ROI: 4.44%
7842 Main Street Newaygo, MI Welcome to Devil's Hole on the world renowned Muskegon River where you'll find this incred...	5 beds \| 2 baths \| 2,448 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $3133 Airbnb ROI: N/A Traditional ROI: 3.99%
7952 S Main Street Newaygo, MI BELOW APPRAISAL AND A HOME WARRANTY. This home offers everything the Muskegon River has to...	3 beds \| 2 baths \| 2,634 sq.ft.	$594,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 3.4% Airbnb Rental Income: $1045 Traditional Rental Income: $3125 Airbnb ROI: -1.01% Traditional ROI: 3.4%
1570 E Croton Drive Newaygo, MI Escape to peaceful country living with this beautifully maintained 3-bedroom, 2-bath ranch...	3 beds \| 2 baths \| 1,180 sq.ft.	$337,900	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.58% Airbnb Rental Income: $1045 Traditional Rental Income: $2051 Airbnb ROI: 0.27% Traditional ROI: 4.58%
202 S Clay Street Newaygo, MI Welcome to 202 S Clay St - a well-situated home offering an exceptional blend of comfort, ...	2 beds \| 1 baths \| 1,000 sq.ft.	$239,900	Airbnb cash on cash: -0.44% Traditional cash on cash: 5.04% Airbnb Rental Income: $698 Traditional Rental Income: $1637 Airbnb ROI: -0.44% Traditional ROI: 5.04%
27 W Wood Street Newaygo, MI FABULOUS updated farmhouse in the heart of the city. You can walk to the river as well as ...	5 beds \| 2 baths \| 2,348 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.9% Airbnb Rental Income: $null Traditional Rental Income: $2777 Airbnb ROI: N/A Traditional ROI: 7.9%
7788 E 36th Street Newaygo, MI New Construction Ranch Near Hardy Pond, Dragon Trail & Oxbow Park! This brand-new 2-bedroo...	2 beds \| 1 baths \| 960 sq.ft.	$219,900	Airbnb cash on cash: -1.08% Traditional cash on cash: 5.2% Airbnb Rental Income: $698 Traditional Rental Income: $1699 Airbnb ROI: -1.08% Traditional ROI: 5.2%
100 W Brooks Street Newaygo, MI This adorable ranch-style home is located in the heart of Newaygo. New windows in 2024. Th...	4 beds \| 2 baths \| 1,685 sq.ft.	$269,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 7.56% Airbnb Rental Income: $1755 Traditional Rental Income: $2439 Airbnb ROI: 2.98% Traditional ROI: 7.56%
8006 S Potawatomi Court Newaygo, MI This custom built parade of homes 3 bedroom 2.5 bath ranch offers 82 feet of private front...	3 beds \| 3 baths \| 2,555 sq.ft.	$759,900	Airbnb cash on cash: -2.11% Traditional cash on cash: 1.11% Airbnb Rental Income: $1045 Traditional Rental Income: $2960 Airbnb ROI: -2.11% Traditional ROI: 1.11%
8752 Bills Lake Court Newaygo, MI Set on a private acre with elevated views of Bills Lake, this 4-bedroom home offers a rare...	4 beds \| 2 baths \| 2,424 sq.ft.	$384,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 2.57% Airbnb Rental Income: $1755 Traditional Rental Income: $1521 Airbnb ROI: 1.88% Traditional ROI: 2.57%
3696 S Locust Avenue Newaygo, MI This 3 bedroom stick built ranch rests on 3 wooded acres Just south of Hardy Dam and is in...	3 beds \| 1 baths \| 1,200 sq.ft.	$250,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 5.84% Airbnb Rental Income: $1045 Traditional Rental Income: $1775 Airbnb ROI: 1.21% Traditional ROI: 5.84%
1478 E Gardner Avenue Newaygo, MI Quaint one-bedroom cottage in the woods! This Newaygo beauty features updated flooring and...	1 beds \| 1 baths \| 550 sq.ft.	$115,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 7.81% Airbnb Rental Income: $526 Traditional Rental Income: $1151 Airbnb ROI: -0.31% Traditional ROI: 7.81%
6175 Lake Shore Drive Newaygo, MI Welcome to 6175 Lakeshore Drive--your lakeside retreat on an All-Sports Lake in Newaygo. T...	4 beds \| 4 baths \| 2,275 sq.ft.	$659,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.08% Airbnb Rental Income: $1755 Traditional Rental Income: $3724 Airbnb ROI: 0.1% Traditional ROI: 4.08%
78 W John Street Newaygo, MI Cozy 2-bedroom, 1-bath ranch just outside Newaygo city limits! Enjoy a welcoming front por...	2 beds \| 1 baths \| 690 sq.ft.	$144,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 8.08% Airbnb Rental Income: $698 Traditional Rental Income: $1401 Airbnb ROI: 0.82% Traditional ROI: 8.08%
274 W Barton Street Newaygo, MI Welcome to a beautifully refreshed home in the heart of Newaygo--where comfort, convenienc...	3 beds \| 2 baths \| 1,232 sq.ft.	$265,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 6.33% Airbnb Rental Income: $1045 Traditional Rental Income: $2082 Airbnb ROI: 0.73% Traditional ROI: 6.33%
6185 E Dave Street Newaygo, MI Riverfront living on the Muskegon River near Croton Dam Pond. This beautifully updated hom...	2 beds \| 2 baths \| 760 sq.ft.	$389,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 3.19% Airbnb Rental Income: $698 Traditional Rental Income: $1796 Airbnb ROI: -0.65% Traditional ROI: 3.19%
822 W 60TH STREET Newaygo, MI Check out this charming and well cared for Ranch home on over an acre. Discover 1730 squar...	3 beds \| 2 baths \| 1,730 sq.ft.	$289,700	Airbnb cash on cash: -0.36% Traditional cash on cash: 6.02% Airbnb Rental Income: $1045 Traditional Rental Income: $2424 Airbnb ROI: -0.36% Traditional ROI: 6.02%
8482 S Cypress Avenue Newaygo, MI OFFER DEADINE SCHEDULED FOR 2:00 PM MONDAY! Great opportunity for a secluded home on just ...	3 beds \| 3 baths \| 2,449 sq.ft.	$525,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.1% Airbnb Rental Income: $1045 Traditional Rental Income: $2967 Airbnb ROI: -0.56% Traditional ROI: 4.1%
8365 Greenwood Lane Newaygo, MI Welcome To 8365 S Greenwood Ln In Newaygo! A Charming Ranch On A Quiet Cul-De-Sac! Nestled...	3 beds \| 2 baths \| 1,500 sq.ft.	$285,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 6.3% Airbnb Rental Income: $1045 Traditional Rental Income: $2287 Airbnb ROI: 0.32% Traditional ROI: 6.3%
8941 Lake Street Newaygo, MI Beautiful lakefront home on Bills Lake in Newaygo featuring loft-style sleeping quarters a...	1 beds \| 1 baths \| 1,142 sq.ft.	$350,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 3.01% Airbnb Rental Income: $526 Traditional Rental Income: $1614 Airbnb ROI: -1.14% Traditional ROI: 3.01%

Real Estate investment in Newaygo, MI

There are 40 properties for sale in the city of Newaygo . The median list price in Newaygo is $312,500 and the average price per square foot is $177. In April 2026, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $2,412.

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

There are 40 investment properties available for sale in Newaygo.

In 2026, the best neighborhood to buy investment property is Newaygo.

The ROI for Short-Term is higher than the Long-Term in Newaygo with average rental income of $1,045.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

740 W River Hills Court

Newaygo, MI

3 beds | 2 baths | 1,953 sq.ft.

$315,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 6.77%

Airbnb Rental Income: $1045

Traditional Rental Income: $2728

Airbnb ROI: -0.14%

Traditional ROI: 6.77%

5705 Centerline Road

Newaygo, MI

3 beds | 2 baths | 2,240 sq.ft.

$324,900

Airbnb cash on cash: 0.17%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $1045

Traditional Rental Income: $2873

Airbnb ROI: 0.17%

Traditional ROI: 7.34%

4600 S Teal Lane

Newaygo, MI

3 beds | 3 baths | 2,123 sq.ft.

$479,900

Airbnb cash on cash: -2.12%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1045

Traditional Rental Income: $3008

Airbnb ROI: -2.12%

Traditional ROI: 3.06%

8861 S Big Buck Lane

Newaygo, MI

5 beds | 2 baths | 2,890 sq.ft.

$550,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.35%

Airbnb Rental Income: $null

Traditional Rental Income: $3168

Airbnb ROI: N/A

Traditional ROI: 4.35%

6716 Chapman Avenue

Newaygo, MI

1 beds | 1 baths | 400 sq.ft.

$115,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 6.25%

Airbnb Rental Income: $526

Traditional Rental Income: $946

Airbnb ROI: -0.02%

Traditional ROI: 6.25%

5904 E Division Street

Newaygo, MI

4 beds | 4 baths | 3,778 sq.ft.

$725,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $1755

Traditional Rental Income: $3237

Airbnb ROI: -0.08%

Traditional ROI: 2.83%

737 W North Hills Court

Newaygo, MI

4 beds | 3 baths | 2,597 sq.ft.

$380,000

Airbnb cash on cash: 0.75%

Traditional cash on cash: 6.74%

Airbnb Rental Income: $1755

Traditional Rental Income: $3409

Airbnb ROI: 0.75%

Traditional ROI: 6.74%

8478 Vista Drive

Newaygo, MI

2 beds | 1 baths | 960 sq.ft.

$225,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $698

Traditional Rental Income: $1197

Airbnb ROI: -0.39%