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
7951 S Island View Drive Newaygo, MI This amazing fully-furnished lakefront home is positioned on a large parcel on Pettit Lake...	3 beds \| 1 baths \| 1,130 sq.ft.	$375,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.74% Airbnb Rental Income: $1419 Traditional Rental Income: $1837 Airbnb ROI: 0.34% Traditional ROI: 2.74%
7649 Main Street Newaygo, MI Fantastic views and deeded access to the Muskegon River. Enjoy the recreation of life on t...	3 beds \| 2 baths \| 1,900 sq.ft.	$279,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 7.54% Airbnb Rental Income: $1419 Traditional Rental Income: $2597 Airbnb ROI: 1.46% Traditional ROI: 7.54%
5705 Centerline Road Newaygo, MI Lakefront living with room to roam! This spacious three-bedroom, two-bath manufactured hom...	3 beds \| 2 baths \| 2,240 sq.ft.	$349,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 6.75% Airbnb Rental Income: $1419 Traditional Rental Income: $2873 Airbnb ROI: 1.03% Traditional ROI: 6.75%
3210 E Rivers Edge Newaygo, MI Welcome to Rivers Edge, a truly unique multi-home property on the Muskegon River! This one...	4 beds \| N/A baths \| 3,110 sq.ft.	$799,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.41% Airbnb Rental Income: $2124 Traditional Rental Income: $3646 Airbnb ROI: -0.36% Traditional ROI: 2.41%
4301 Lasalle Lane Newaygo, MI * Seller Financing/ Land Contract Terms Available* Just right off the River! This 3Bed 2Ba...	3 beds \| 2 baths \| 1,248 sq.ft.	$199,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 8.23% Airbnb Rental Income: $1419 Traditional Rental Income: $1984 Airbnb ROI: 2.98% Traditional ROI: 8.23%
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%
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.	$392,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 6.5% Airbnb Rental Income: $2124 Traditional Rental Income: $3409 Airbnb ROI: 1.53% Traditional ROI: 6.5%
10674 W County Line Road Newaygo, MI Welcome to 10674 N West County Line Rd- a peaceful 5-acre country retreat offering space, ...	2 beds \| 2 baths \| 896 sq.ft.	$159,947	Airbnb cash on cash: 1.94% Traditional cash on cash: 9.67% Airbnb Rental Income: $970 Traditional Rental Income: $1800 Airbnb ROI: 1.94% Traditional ROI: 9.67%
6714 Hill Street Newaygo, MI Tucked back on a deep wooded acre in the middle of the gorgeous Croton area of Newaygo, Mi...	2 beds \| 2 baths \| 1,188 sq.ft.	$220,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.49% Airbnb Rental Income: $970 Traditional Rental Income: $1845 Airbnb ROI: 0.6% Traditional ROI: 6.49%
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: 0.68% Traditional cash on cash: 3.39% Airbnb Rental Income: $970 Traditional Rental Income: $1197 Airbnb ROI: 0.68% Traditional ROI: 3.39%
5855 Ridge Street Newaygo, MI Exceptional 4+BR, 2.5BA waterfront home on all-sports Croton Pond! Many recent updates inc...	4 beds \| 2 baths \| 2,963 sq.ft.	$642,500	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.32% Airbnb Rental Income: $2124 Traditional Rental Income: $3297 Airbnb ROI: 0.46% Traditional ROI: 3.32%
5601 King Street Newaygo, MI Charming fully renovated cottage near Croton Pond in the heart of Newaygo! This beautifull...	2 beds \| 1 baths \| 667 sq.ft.	$195,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 4.14% Airbnb Rental Income: $970 Traditional Rental Income: $1187 Airbnb ROI: 1.07% Traditional ROI: 4.14%
2137 E Oak Street Newaygo, MI HUD Home. PRICE REDUCED on this Wonderful 2 bedroom home near Hess Lake. Home has a large ...	2 beds \| 1 baths \| 902 sq.ft.	$150,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 7.89% Airbnb Rental Income: $970 Traditional Rental Income: $1539 Airbnb ROI: 1.49% Traditional ROI: 7.89%
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.	$429,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 5.31% Airbnb Rental Income: $2124 Traditional Rental Income: $3019 Airbnb ROI: 1.74% Traditional ROI: 5.31%
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: 0.71% Traditional cash on cash: 3.72% Airbnb Rental Income: $2124 Traditional Rental Income: $3410 Airbnb ROI: 0.71% Traditional ROI: 3.72%
3990 E Croton Drive Newaygo, MI Welcome to 3990 E Croton Drive, a handcrafted Maple Island log home offering over 3,000 sq...	3 beds \| 2 baths \| 3,115 sq.ft.	$549,900	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.48% Airbnb Rental Income: $1419 Traditional Rental Income: $2959 Airbnb ROI: -0.35% Traditional ROI: 3.48%
8594 S Felch Avenue Newaygo, MI 4 bed, 3 bath bi-level home on the banks of the mighty Muskegon River! Over 2,200 sqft sit...	4 beds \| 3 baths \| 2,250 sq.ft.	$385,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 6.79% Airbnb Rental Income: $2124 Traditional Rental Income: $3174 Airbnb ROI: 2.38% Traditional ROI: 6.79%
5655 Cozy Point Drive Newaygo, MI OPEN HOUSE Sun, Aug 17 12-2:00 This custom home sets on a lovely wooded lot with access to...	3 beds \| 3 baths \| 2,685 sq.ft.	$365,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.71% Airbnb Rental Income: $1419 Traditional Rental Income: $3089 Airbnb ROI: 0.6% Traditional ROI: 6.71%
4958 Juniper Ridge Avenue Newaygo, MI Tucked away in a peaceful setting, this beautifully updated 5-bedroom home offers a rare b...	5 beds \| 4 baths \| 2,732 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.48% Airbnb Rental Income: $null Traditional Rental Income: $3978 Airbnb ROI: N/A Traditional ROI: 8.48%
285 Scott Street Newaygo, MI Creekside Charm with Endless Potential in Newaygo! Discover your dream home nestled on 0.4...	4 beds \| N/A baths \| 3,000 sq.ft.	$330,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 9.91% Airbnb Rental Income: $2124 Traditional Rental Income: $3777 Airbnb ROI: 2.83% Traditional ROI: 9.91%
4468 Teal Lane Newaygo, MI Welcome to your serene getaway on the Mighty Muskegon River! This charming two-bedroom cot...	3 beds \| 2 baths \| 1,300 sq.ft.	$335,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.87% Airbnb Rental Income: $1419 Traditional Rental Income: $2246 Airbnb ROI: 0.89% Traditional ROI: 4.87%
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: 1.94% Traditional cash on cash: 7.03% Airbnb Rental Income: $970 Traditional Rental Income: $1398 Airbnb ROI: 1.94% Traditional ROI: 7.03%
8114 E 72nd Street unit: #2 #2 Newaygo, MI Welcome to 8114 E 72nd Street, a retreat nestled in the heart of Michigan's outdoor paradi...	3 beds \| 2 baths \| 2,400 sq.ft.	$699,900	Airbnb cash on cash: 0% Traditional cash on cash: 2.89% Airbnb Rental Income: $1419 Traditional Rental Income: $2876 Airbnb ROI: 0% Traditional ROI: 2.89%
5213 S Newcosta Avenue Newaygo, MI Escape to peace, privacy, and natural beauty with this charming 2 bedroom, fully remodeled...	2 beds \| 1 baths \| 900 sq.ft.	$116,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 10.26% Airbnb Rental Income: $970 Traditional Rental Income: $1423 Airbnb ROI: 3.09% Traditional ROI: 10.26%
5752 E 52ND Street Newaygo, MI Offer received. Highest and best due Wednesday at 9pm. This could be your opportunity to e...	2 beds \| 1 baths \| 700 sq.ft.	$199,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 6.3% Airbnb Rental Income: $970 Traditional Rental Income: $1578 Airbnb ROI: 1.23% Traditional ROI: 6.3%
568 N River Hills Drive Newaygo, MI Qualified buyers may secure a 4.875% rate (subject to credit and program approval). Rate, ...	3 beds \| N/A baths \| 2,137 sq.ft.	$364,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 6.37% Airbnb Rental Income: $1419 Traditional Rental Income: $3122 Airbnb ROI: 0.16% Traditional ROI: 6.37%
9500 Annie Lane Newaygo, MI Escape to peaceful country living at 9500 Annie Lane in Newaygo! This beautifully maintain...	5 beds \| N/A baths \| 4,006 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.18% Airbnb Rental Income: $null Traditional Rental Income: $3864 Airbnb ROI: N/A Traditional ROI: 5.18%
6306 E Carrigan Court Newaygo, MI Looking for the perfect waterfront retreat on Croton Pond? This charming 3-bedroom, 2-bath...	3 beds \| 2 baths \| 1,680 sq.ft.	$424,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 4.28% Airbnb Rental Income: $1419 Traditional Rental Income: $2711 Airbnb ROI: -0.04% Traditional ROI: 4.28%
4855 Juniper Ridge Avenue Newaygo, MI Welcome to 4855 Juniper Ridge Avenue, nestled between the Croton and Hardy Dams in beautif...	2 beds \| 2 baths \| 1,220 sq.ft.	$150,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 11.75% Airbnb Rental Income: $970 Traditional Rental Income: $2017 Airbnb ROI: 2.01% Traditional ROI: 11.75%
3001 E 82nd Street Newaygo, MI This beautiful 4 bedroom/2 1/2 bath home offers space, privacy, acreage and more! Sitting ...	4 beds \| 2 baths \| 2,372 sq.ft.	$417,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 5.81% Airbnb Rental Income: $2124 Traditional Rental Income: $3340 Airbnb ROI: 1.32% Traditional ROI: 5.81%
4077 2nd Avenue Newaygo, MI Welcome to this beautifully updated 2-bedroom, 1-bathroom home! Featuring an open layout t...	2 beds \| 1 baths \| 752 sq.ft.	$165,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 5.65% Airbnb Rental Income: $970 Traditional Rental Income: $1314 Airbnb ROI: 1.23% Traditional ROI: 5.65%
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.	$469,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.15% Airbnb Rental Income: $1419 Traditional Rental Income: $2738 Airbnb ROI: 0.18% Traditional ROI: 4.15%
8314 S Poplar Avenue Newaygo, MI Offering Land Contract terms: 20,000 down, 10% interest, $2175 payment, with a 10-year bal...	3 beds \| 2 baths \| 1,064 sq.ft.	$210,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 7.45% Airbnb Rental Income: $1419 Traditional Rental Income: $1894 Airbnb ROI: 2.93% Traditional ROI: 7.45%
86 W State Road Newaygo, MI SELLER OFFERING A TEMPORARY INTEREST RATE BUYDOWN WITH ACCEPTABLE OFFER. Subject to lender...	5 beds \| N/A baths \| 2,251 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.35% Airbnb Rental Income: $null Traditional Rental Income: $3269 Airbnb ROI: N/A Traditional ROI: 9.35%
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.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.24% Airbnb Rental Income: $null Traditional Rental Income: $3133 Airbnb ROI: N/A Traditional ROI: 3.24%
9640 Thornapple Avenue Newaygo, MI This tiny home needs some love, but the almost two acre lot is lovely and the outbuildings...	1 beds \| 1 baths \| 600 sq.ft.	$119,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 9.94% Airbnb Rental Income: $562 Traditional Rental Income: $1387 Airbnb ROI: 0.29% Traditional ROI: 9.94%
3730 Mary Avenue Newaygo, MI Tucked away on a private road, this freshly updated 3 bedroom, 2 bath home offers both com...	3 beds \| 2 baths \| 1,010 sq.ft.	$165,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 9.9% Airbnb Rental Income: $1419 Traditional Rental Income: $1907 Airbnb ROI: 4.1% Traditional ROI: 9.9%
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: -0.45% Traditional cash on cash: 3.4% Airbnb Rental Income: $1419 Traditional Rental Income: $3125 Airbnb ROI: -0.45% 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.	$359,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.25% Airbnb Rental Income: $1419 Traditional Rental Income: $2051 Airbnb ROI: 1.12% Traditional ROI: 4.25%
4433 Sylvan Lake Drive Newaygo, MI Enjoy the serenity of this single-story home with a walkout basement, unfinished and full ...	3 beds \| N/A baths \| 1,680 sq.ft.	$289,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 6.47% Airbnb Rental Income: $1419 Traditional Rental Income: $2257 Airbnb ROI: 1.83% Traditional ROI: 6.47%

Real Estate investment in Newaygo, MI

There are 53 properties for sale in the city of Newaygo . The median list price in Newaygo is $297,450 and the average price per square foot is $167. In December 2025, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $2,402.

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

There are 53 investment properties available for sale in Newaygo.

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

The ROI for Long-Term is higher than the Short-Term in Newaygo with average rental income of $2,402.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

7951 S Island View Drive

Newaygo, MI

3 beds | 1 baths | 1,130 sq.ft.

$375,000

Airbnb cash on cash: 0.34%

Traditional cash on cash: 2.74%

Airbnb Rental Income: $1419

Traditional Rental Income: $1837

Airbnb ROI: 0.34%

Traditional ROI: 2.74%

7649 Main Street

Newaygo, MI

3 beds | 2 baths | 1,900 sq.ft.

$279,900

Airbnb cash on cash: 1.46%

Traditional cash on cash: 7.54%

Airbnb Rental Income: $1419

Traditional Rental Income: $2597

Airbnb ROI: 1.46%

Traditional ROI: 7.54%

5705 Centerline Road

Newaygo, MI

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

$349,900

Airbnb cash on cash: 1.03%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1419

Traditional Rental Income: $2873

Airbnb ROI: 1.03%

Traditional ROI: 6.75%

3210 E Rivers Edge

Newaygo, MI

4 beds | N/A baths | 3,110 sq.ft.

$799,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2124

Traditional Rental Income: $3646

Airbnb ROI: -0.36%

Traditional ROI: 2.41%

4301 Lasalle Lane

Newaygo, MI

3 beds | 2 baths | 1,248 sq.ft.

$199,000

Airbnb cash on cash: 2.98%

Traditional cash on cash: 8.23%

Airbnb Rental Income: $1419

Traditional Rental Income: $1984

Airbnb ROI: 2.98%

Traditional ROI: 8.23%

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%

737 W North Hills Court

Newaygo, MI

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

$392,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 6.5%

Airbnb Rental Income: $2124

Traditional Rental Income: $3409

Airbnb ROI: 1.53%

Traditional ROI: 6.5%

10674 W County Line Road

Newaygo, MI

2 beds | 2 baths | 896 sq.ft.

$159,947

Airbnb cash on cash: 1.94%

Traditional cash on cash: 9.67%

Airbnb Rental Income: $970

Traditional Rental Income: $1800

Airbnb ROI: 1.94%