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
7566 Main Street Newaygo, MI Welcome to your perfect Muskegon River retreat--where comfort, character, and outdoor livi...	3 beds \| 2 baths \| 1,200 sq.ft.	$350,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.55% Airbnb Rental Income: $1049 Traditional Rental Income: $2228 Airbnb ROI: -0.14% Traditional ROI: 4.55%
7615 S Croton Hardy Drive Newaygo, MI This stunning home is a completely renovated 4 bedroom, 1 bath house that offers a comfort...	4 beds \| 1 baths \| 2,166 sq.ft.	$244,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 6.78% Airbnb Rental Income: $1939 Traditional Rental Income: $2267 Airbnb ROI: 3.15% Traditional ROI: 6.78%
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: 0.18% Traditional cash on cash: 7.34% Airbnb Rental Income: $1049 Traditional Rental Income: $2873 Airbnb ROI: 0.18% 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.	$459,900	Airbnb cash on cash: -2.16% Traditional cash on cash: 3.24% Airbnb Rental Income: $1049 Traditional Rental Income: $3008 Airbnb ROI: -2.16% Traditional ROI: 3.24%
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%
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.	$695,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.99% Airbnb Rental Income: $1939 Traditional Rental Income: $3237 Airbnb ROI: 0.2% Traditional ROI: 2.99%
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: 1.18% Traditional cash on cash: 6.74% Airbnb Rental Income: $1939 Traditional Rental Income: $3409 Airbnb ROI: 1.18% 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: 1.14% Traditional cash on cash: 3.39% Airbnb Rental Income: $1087 Traditional Rental Income: $1197 Airbnb ROI: 1.14% Traditional ROI: 3.39%
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: 2.06% Traditional cash on cash: 6.1% Airbnb Rental Income: $1939 Traditional Rental Income: $3019 Airbnb ROI: 2.06% Traditional ROI: 6.1%
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.	$328,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.98% Airbnb Rental Income: $1049 Traditional Rental Income: $2246 Airbnb ROI: -0.07% Traditional ROI: 4.98%
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: 2.55% Traditional cash on cash: 7.35% Airbnb Rental Income: $1939 Traditional Rental Income: $2650 Airbnb ROI: 2.55% 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: -0.49% Traditional cash on cash: 4.44% Airbnb Rental Income: $1049 Traditional Rental Income: $2738 Airbnb ROI: -0.49% 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.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $3133 Airbnb ROI: N/A Traditional ROI: 3.91%
5980 E Division Street Newaygo, MI Perfect for those looking for a vacation home, Short Term Rental, or just want to live sur...	3 beds \| 3 baths \| 2,093 sq.ft.	$460,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 5.86% Airbnb Rental Income: $1049 Traditional Rental Income: $3328 Airbnb ROI: -0.28% Traditional ROI: 5.86%
202 S Clay Street Newaygo, MI Open House, Sunday April 19th, 12:30-2:30pm Welcome to 202 S Clay St - a well-situated h...	2 beds \| 1 baths \| 1,000 sq.ft.	$239,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.04% Airbnb Rental Income: $1087 Traditional Rental Income: $1637 Airbnb ROI: 0.99% 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%
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.	$260,500	Airbnb cash on cash: 3.75% Traditional cash on cash: 7.86% Airbnb Rental Income: $1939 Traditional Rental Income: $2439 Airbnb ROI: 3.75% Traditional ROI: 7.86%
3008 E Upper Field Trail Newaygo, MI Custom-built within the last year, this exceptional 3-bedroom, 3-bath home is set on 60 pr...	3 beds \| 3 baths \| 2,272 sq.ft.	$1,350,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.17% Airbnb Rental Income: $1049 Traditional Rental Income: $3361 Airbnb ROI: -0.96% Traditional ROI: 1.17%
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: 2.31% Traditional cash on cash: 5.75% Airbnb Rental Income: $1939 Traditional Rental Income: $2671 Airbnb ROI: 2.31% Traditional ROI: 5.75%
5450 Pear Avenue Newaygo, MI Come and see this beautiful three bedrooms two full bathrooms located in a country setting...	3 beds \| 2 baths \| 1,632 sq.ft.	$199,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 9.9% Airbnb Rental Income: $1049 Traditional Rental Income: $2400 Airbnb ROI: 0.82% Traditional ROI: 9.9%
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: 1.23% Traditional cash on cash: 5.84% Airbnb Rental Income: $1049 Traditional Rental Income: $1775 Airbnb ROI: 1.23% Traditional ROI: 5.84%
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: 0.35% Traditional cash on cash: 4.08% Airbnb Rental Income: $1939 Traditional Rental Income: $3724 Airbnb ROI: 0.35% Traditional ROI: 4.08%
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: 0.24% Traditional cash on cash: 3.19% Airbnb Rental Income: $1087 Traditional Rental Income: $1796 Airbnb ROI: 0.24% 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: -0.35% Traditional cash on cash: 6.02% Airbnb Rental Income: $1049 Traditional Rental Income: $2424 Airbnb ROI: -0.35% Traditional ROI: 6.02%
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: 0.34% Traditional cash on cash: 6.3% Airbnb Rental Income: $1049 Traditional Rental Income: $2287 Airbnb ROI: 0.34% Traditional ROI: 6.3%
8995 Deer Point Drive Newaygo, MI Great opportunity to acquire a beautiful spot on highly desirable Bills Lake with waters t...	3 beds \| 1 baths \| 884 sq.ft.	$649,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.18% Airbnb Rental Income: $1049 Traditional Rental Income: $1712 Airbnb ROI: -0.52% Traditional ROI: 1.18%
217 John Street Newaygo, MI Step into a piece of Newaygo history with this sprawling two-story character home, perfect...	3 beds \| 3 baths \| 2,302 sq.ft.	$229,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 11.18% Airbnb Rental Income: $1049 Traditional Rental Income: $2965 Airbnb ROI: 0.66% Traditional ROI: 11.18%
4584 E Valeries Way Street Newaygo, MI 8 wooded acres, private trails, and a home that truly connects you to the outdoors. If you...	4 beds \| 3 baths \| 2,331 sq.ft.	$319,900	Airbnb cash on cash: 2.54% Traditional cash on cash: 7.21% Airbnb Rental Income: $1939 Traditional Rental Income: $2832 Airbnb ROI: 2.54% Traditional ROI: 7.21%
1561 Croton Drive Newaygo, MI Welcome home to this beautifully updated 3-bedroom, 1-bath gem, perfectly situated on a pe...	3 beds \| 1 baths \| 926 sq.ft.	$220,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 6.13% Airbnb Rental Income: $1049 Traditional Rental Income: $1626 Airbnb ROI: 1.61% Traditional ROI: 6.13%
9363 E 56th Street E Newaygo, MI BEAUTIFUL! LOCATION! Recently Remodeled 3 bed 2 bath home (natural gas) with Huge Polebarn...	3 beds \| 2 baths \| 1,300 sq.ft.	$389,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.17% Airbnb Rental Income: $1049 Traditional Rental Income: $2171 Airbnb ROI: -0.9% Traditional ROI: 3.17%
3125 E 82nd Street Newaygo, MI Tucked away on 2.5 wooded acres along the high banks of the Muskegon River between Croton ...	2 beds \| 2 baths \| 1,630 sq.ft.	$399,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 4.67% Airbnb Rental Income: $1087 Traditional Rental Income: $2482 Airbnb ROI: -0.03% Traditional ROI: 4.67%
6136 S Poplar Avenue Newaygo, MI Escape to your own private woodland retreat with this spacious three-bedroom, two-bathroom...	3 beds \| 2 baths \| 1,420 sq.ft.	$275,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 6.9% Airbnb Rental Income: $1049 Traditional Rental Income: $2281 Airbnb ROI: 0.74% Traditional ROI: 6.9%
288 Park Street Newaygo, MI Make this one your own with your own choice of updating. Great location in the city limits...	3 beds \| 2 baths \| 1,382 sq.ft.	$245,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 7.5% Airbnb Rental Income: $1049 Traditional Rental Income: $2221 Airbnb ROI: 0.86% Traditional ROI: 7.5%
634 Croton Drive Newaygo, MI Set on over 8 scenic acres and bordering Henning Park, this beautifully updated 3-bedroom,...	3 beds \| 2 baths \| 1,728 sq.ft.	$325,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 5.54% Airbnb Rental Income: $1049 Traditional Rental Income: $2451 Airbnb ROI: -0.24% Traditional ROI: 5.54%
4853 Newcosta Avenue Newaygo, MI This is more than just a property-it's a private haven where nature, space and lifestyle c...	3 beds \| 2 baths \| 1,344 sq.ft.	$429,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.12% Airbnb Rental Income: $1049 Traditional Rental Income: $2301 Airbnb ROI: -0.9% Traditional ROI: 3.12%
5217 S Centerline Road Newaygo, MI Enjoy the ultimate lake life in this custom built gorgeous 4-bedroom, 2-bath home on the s...	4 beds \| 2 baths \| 2,200 sq.ft.	$650,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.89% Airbnb Rental Income: $1939 Traditional Rental Income: $2809 Airbnb ROI: 0.61% Traditional ROI: 2.89%
4950 S Ojibwe Newaygo, MI Offer received: Offers due Sat May 2, 6:00pm. Luxury Meets Lakefront Living, only 45 min f...	3 beds \| 3 baths \| 2,750 sq.ft.	$800,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 2.51% Airbnb Rental Income: $1049 Traditional Rental Income: $3483 Airbnb ROI: -1.24% Traditional ROI: 2.51%
5330 Woodside Drive Newaygo, MI Rare opportunity to own 136 feet of private waterfront on All Sports Croton Pond, perfect ...	2 beds \| 3 baths \| 1,824 sq.ft.	$419,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 5.42% Airbnb Rental Income: $1087 Traditional Rental Income: $2941 Airbnb ROI: -0.23% Traditional ROI: 5.42%

Real Estate investment in Newaygo, MI

There are 51 properties for sale in the city of Newaygo . The median list price in Newaygo is $319,900 and the average price per square foot is $182. In May 2026, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $2,438.

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

There are 51 investment properties available for sale in Newaygo.

In 2026, 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 $2,438.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

7566 Main Street

Newaygo, MI

3 beds | 2 baths | 1,200 sq.ft.

$350,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $1049

Traditional Rental Income: $2228

Airbnb ROI: -0.14%

Traditional ROI: 4.55%

7615 S Croton Hardy Drive

Newaygo, MI

4 beds | 1 baths | 2,166 sq.ft.

$244,900

Airbnb cash on cash: 3.15%

Traditional cash on cash: 6.78%

Airbnb Rental Income: $1939

Traditional Rental Income: $2267

Airbnb ROI: 3.15%

Traditional ROI: 6.78%

5705 Centerline Road

Newaygo, MI

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

$324,900

Airbnb cash on cash: 0.18%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $1049

Traditional Rental Income: $2873

Airbnb ROI: 0.18%

Traditional ROI: 7.34%

4600 S Teal Lane

Newaygo, MI

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

$459,900

Airbnb cash on cash: -2.16%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1049

Traditional Rental Income: $3008

Airbnb ROI: -2.16%

Traditional ROI: 3.24%

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%

5904 E Division Street

Newaygo, MI

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

$695,000

Airbnb cash on cash: 0.2%

Traditional cash on cash: 2.99%

Airbnb Rental Income: $1939

Traditional Rental Income: $3237

Airbnb ROI: 0.2%

Traditional ROI: 2.99%

737 W North Hills Court

Newaygo, MI

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

$380,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 6.74%

Airbnb Rental Income: $1939

Traditional Rental Income: $3409

Airbnb ROI: 1.18%

Traditional ROI: 6.74%

8478 Vista Drive

Newaygo, MI

2 beds | 1 baths | 960 sq.ft.

$225,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $1087

Traditional Rental Income: $1197

Airbnb ROI: 1.14%