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
7628 Main Street Newaygo, MI Welcome to your own private paradise nestled along the serene banks of the Muskegon River....	3 beds \| 3 baths \| 2,586 sq.ft.	$299,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 10.07% Airbnb Rental Income: $1848 Traditional Rental Income: $3657 Airbnb ROI: 1.9% Traditional ROI: 10.07%
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.	$399,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.51% Airbnb Rental Income: $1848 Traditional Rental Income: $1837 Airbnb ROI: 1.21% Traditional ROI: 2.51%
4997 S Croton Hardy Drive Newaygo, MI Schedule you're showing today! Located between Croton and Hardy dams. Home features a lo...	1 beds \| 1 baths \| 713 sq.ft.	$98,500	Airbnb cash on cash: 2.38% Traditional cash on cash: 10.82% Airbnb Rental Income: $787 Traditional Rental Income: $1275 Airbnb ROI: 2.38% Traditional ROI: 10.82%
8022 MAIN Street Newaygo, MI Breath taking view. Completely renovated kitchen. New flooring throughout the home. A do...	2 beds \| 1 baths \| 1,124 sq.ft.	$299,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 4.28% Airbnb Rental Income: $1107 Traditional Rental Income: $1817 Airbnb ROI: 0.45% Traditional ROI: 4.28%
5030 Russell Road Newaygo, MI A most beautiful spot on the Muskegon River, below the Croton Dam where the big fish live!...	3 beds \| 2 baths \| 2,875 sq.ft.	$495,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 4.32% Airbnb Rental Income: $1848 Traditional Rental Income: $3014 Airbnb ROI: 0.72% Traditional ROI: 4.32%
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: 2.12% Traditional cash on cash: 6.75% Airbnb Rental Income: $1848 Traditional Rental Income: $2873 Airbnb ROI: 2.12% Traditional ROI: 6.75%
1130 E 88th Street Newaygo, MI Discover lakeside living at its finest with this charming 1-bedroom, 1-bathroom bungalow o...	1 beds \| 1 baths \| 540 sq.ft.	$259,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.38% Airbnb Rental Income: $787 Traditional Rental Income: $1344 Airbnb ROI: -0.2% Traditional ROI: 3.38%
4600 S Teal Lane Newaygo, MI Rare waterfront gem with over 500 feet of usable frontage! Experience waterfront living li...	3 beds \| 3 baths \| 2,123 sq.ft.	$489,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.07% Airbnb Rental Income: $1848 Traditional Rental Income: $3008 Airbnb ROI: -0.54% Traditional ROI: 3.07%
3274 E Rivers Edge Newaygo, MI Welcome to your dream riverfront retreat! High bank river frontage is a rare find! This ch...	3 beds \| 2 baths \| 1,752 sq.ft.	$329,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 6.59% Airbnb Rental Income: $1848 Traditional Rental Income: $2689 Airbnb ROI: 2.28% Traditional ROI: 6.59%
4301 Lasalle Lane Newaygo, MI 3Bed 2Bath Home On 1.3 Acre Lot With Pole Barn and Brand New Central Air Unit Installed I...	3 beds \| 2 baths \| 1,248 sq.ft.	$230,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 7.01% Airbnb Rental Income: $1848 Traditional Rental Income: $1984 Airbnb ROI: 4.1% Traditional ROI: 7.01%
5095 Bliss Lane Newaygo, MI Experience lakefront living at its finest with this stunning property offering over 350 fe...	3 beds \| 2 baths \| 2,860 sq.ft.	$625,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 1.25% Airbnb Rental Income: $1848 Traditional Rental Income: $1990 Airbnb ROI: 0.16% Traditional ROI: 1.25%
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 \| 4 baths \| 2,597 sq.ft.	$392,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 6.5% Airbnb Rental Income: $1637 Traditional Rental Income: $3409 Airbnb ROI: 0.43% Traditional ROI: 6.5%
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.	$225,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 6.32% Airbnb Rental Income: $1107 Traditional Rental Income: $1845 Airbnb ROI: 1.1% Traditional ROI: 6.32%
5254 Morrison Street Newaygo, MI Experience lakefront living at its finest in this stunning 4-bedroom home with private fro...	4 beds \| 4 baths \| 3,733 sq.ft.	$1,595,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.19% Airbnb Rental Income: $1637 Traditional Rental Income: $3935 Airbnb ROI: -0.67% Traditional ROI: 1.19%
5855 Ridge Street Newaygo, MI Exceptional 4BR, 2.5BA waterfront home on all-sports Croton Pond! Many recent updates incl...	4 beds \| 3 baths \| 2,963 sq.ft.	$749,500	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.84% Airbnb Rental Income: $1637 Traditional Rental Income: $3297 Airbnb ROI: -0.2% Traditional ROI: 2.84%
5820 Pine Street Newaygo, MI Property has an AIRBNB certificate, New owner must apply with the TWP & meet the requireme...	3 beds \| 2 baths \| 1,845 sq.ft.	$495,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.17% Airbnb Rental Income: $1848 Traditional Rental Income: $2811 Airbnb ROI: 1.02% Traditional ROI: 4.17%
5540 COZY POINT DRIVE Newaygo, MI Sitting on the original Muskegon riverfront of Croton Pond, you'll be sure to enjoy the sp...	2 beds \| 2 baths \| 1,352 sq.ft.	$420,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.46% Airbnb Rental Income: $1107 Traditional Rental Income: $1858 Airbnb ROI: 0.61% Traditional ROI: 3.46%
288 E 88TH STREET Newaygo, MI This house has been well maintained by same homeowner since 1983. Immediate occupancy of ...	3 beds \| 2 baths \| 1,744 sq.ft.	$279,900	Airbnb cash on cash: 3.51% Traditional cash on cash: 7.64% Airbnb Rental Income: $1848 Traditional Rental Income: $2441 Airbnb ROI: 3.51% Traditional ROI: 7.64%
7985 Island View Drive Newaygo, MI Incredible investment opportunity with 100' of beautiful private frontage on desirable 170...	3 beds \| 2 baths \| 1,599 sq.ft.	$214,900	Airbnb cash on cash: 4.59% Traditional cash on cash: 10.23% Airbnb Rental Income: $1848 Traditional Rental Income: $2498 Airbnb ROI: 4.59% Traditional ROI: 10.23%
30 Quarterline Street Newaygo, MI	2 beds \| 2 baths \| 4,064 sq.ft.	$350,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 2.99% Airbnb Rental Income: $1107 Traditional Rental Income: $1969 Airbnb ROI: -0.76% Traditional ROI: 2.99%
9322 E 56th Street Newaygo, MI Welcome to 9322 E 56th Street in Newaygo, Michiganâa nature lover's dream set on 10 wood...	3 beds \| 3 baths \| 2,873 sq.ft.	$449,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.05% Airbnb Rental Income: $1848 Traditional Rental Income: $2738 Airbnb ROI: 0.76% Traditional ROI: 4.05%
1630 E Gardner Newaygo, MI OPEN SAT, JUNE 7, 11AM - 1PM ...	2 beds \| 1 baths \| 1,014 sq.ft.	$229,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 5.59% Airbnb Rental Income: $1107 Traditional Rental Income: $1630 Airbnb ROI: 1.47% Traditional ROI: 5.59%
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.	$460,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.91% Airbnb Rental Income: $1637 Traditional Rental Income: $3019 Airbnb ROI: 0.62% Traditional ROI: 4.91%
5051 Bliss Lane Newaygo, MI Completely renovated from top to bottom! All new windows, doors, plumbing, roof, electrica...	3 beds \| 2 baths \| 1,400 sq.ft.	$429,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 3.32% Airbnb Rental Income: $1848 Traditional Rental Income: $2440 Airbnb ROI: 0.62% Traditional ROI: 3.32%
8440 S Felch Avenue Newaygo, MI Stunning 2,500 sq ft riverfront home on almost 5 acres with 325 ft. of Muskegon River fron...	4 beds \| 3 baths \| 2,468 sq.ft.	$679,500	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.52% Airbnb Rental Income: $1637 Traditional Rental Income: $3410 Airbnb ROI: -0.01% Traditional ROI: 3.52%
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: $1848 Traditional Rental Income: $2959 Airbnb ROI: 0.35% Traditional ROI: 3.48%
9088 S Mason Drive Newaygo, MI Welcome to your future home or investment opportunity at 9088 S Mason Drive, nestled comf...	2 beds \| 1 baths \| 1,158 sq.ft.	$219,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.48% Airbnb Rental Income: $1107 Traditional Rental Income: $1637 Airbnb ROI: 1.13% Traditional ROI: 5.48%
8594 S Felch Avenue Newaygo, MI Beautiful well maintained 4 bed, 3 bath bi-level home on the banks of the mighty Muskegon ...	4 beds \| 3 baths \| 2,250 sq.ft.	$395,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 6.6% Airbnb Rental Income: $1637 Traditional Rental Income: $3174 Airbnb ROI: 1.2% Traditional ROI: 6.6%
333 Quarterline Street Newaygo, MI Beautiful 3 bedroom 2 full bath home in the city of Newaygo. With a Large open floor pla...	3 beds \| 2 baths \| 1,400 sq.ft.	$319,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.05% Airbnb Rental Income: $1848 Traditional Rental Income: $2277 Airbnb ROI: 1.97% Traditional ROI: 5.05%
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 ...	3 beds \| 3 baths \| 2,685 sq.ft.	$365,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 6.71% Airbnb Rental Income: $1848 Traditional Rental Income: $3089 Airbnb ROI: 1.64% Traditional ROI: 6.71%
163 W State Road Newaygo, MI Unit 1 $740 Unit 2 $740 Unit 3 $740 Unit 4 $700 Unit 5 $740 Unit 6 $1200 Unit ...	N/A beds \| N/A baths \| N/A	$475,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 1.53% Airbnb Rental Income: $538 Traditional Rental Income: $1704 Airbnb ROI: -1.72% Traditional ROI: 1.53%
4958 Juniper Ridge 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.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.12% Airbnb Rental Income: $null Traditional Rental Income: $3978 Airbnb ROI: N/A Traditional ROI: 8.12%
1818 E 58th St Street Newaygo, MI Nestled on 8.45 acres of tranquil countryside in Newaygo, Michigan, 1818 E 58th St offers ...	4 beds \| 2 baths \| 1,716 sq.ft.	$329,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 6.61% Airbnb Rental Income: $1637 Traditional Rental Income: $2553 Airbnb ROI: 2.17% Traditional ROI: 6.61%
3951 MARSHALL AVENUE Newaygo, MI Check out this 3 bedroom 2 full bath home located within walking distance to the (upper) H...	3 beds \| 2 baths \| 1,188 sq.ft.	$149,900	Airbnb cash on cash: 7.45% Traditional cash on cash: 11.68% Airbnb Rental Income: $1848 Traditional Rental Income: $1958 Airbnb ROI: 7.45% Traditional ROI: 11.68%
3010 E 96th Street Newaygo, MI Tucked away on 2 private, wooded acres across from peaceful federal land, this charming co...	3 beds \| 2 baths \| 951 sq.ft.	$172,900	Airbnb cash on cash: 6.18% Traditional cash on cash: 9.21% Airbnb Rental Income: $1848 Traditional Rental Income: $1851 Airbnb ROI: 6.18% Traditional ROI: 9.21%
285 Scott Street Newaygo, MI Creekside Charm with Endless Potential in Newaygo! Discover your dream home nestled on 0.4...	4 beds \| 3 baths \| 3,000 sq.ft.	$330,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 9.91% Airbnb Rental Income: $1637 Traditional Rental Income: $3777 Airbnb ROI: 1.53% 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.	$347,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.66% Airbnb Rental Income: $1848 Traditional Rental Income: $2246 Airbnb ROI: 1.92% Traditional ROI: 4.66%
3858 S Chestnut Avenue Newaygo, MI Set on over 36 stunning acres in Newaygo County, 3858 S Chestnut Ave is a rare find that c...	3 beds \| 2 baths \| 1,556 sq.ft.	$424,900	Airbnb cash on cash: 1.68% Traditional cash on cash: 4.35% Airbnb Rental Income: $1848 Traditional Rental Income: $2415 Airbnb ROI: 1.68% Traditional ROI: 4.35%
8182 Hardy Drive Newaygo, MI Hardy Pond/Muskegon River Property for Sale. Well-maintained property with deeded access t...	2 beds \| 1 baths \| 766 sq.ft.	$163,500	Airbnb cash on cash: 2.6% Traditional cash on cash: 6.86% Airbnb Rental Income: $1107 Traditional Rental Income: $1398 Airbnb ROI: 2.6% Traditional ROI: 6.86%
8114 E 72nd Street #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: 0.55% Traditional cash on cash: 2.89% Airbnb Rental Income: $1848 Traditional Rental Income: $2876 Airbnb ROI: 0.55% Traditional ROI: 2.89%

Real Estate investment in Newaygo, MI

There are 74 properties for sale in the city of Newaygo . The median list price in Newaygo is $349,900 and the average price per square foot is $191. In September 2025, the average monthly cash on cash return in Newaygo is 6.00%. The average monthly rental income in Newaygo is $2,498.

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

There are 74 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 $2,498.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

7628 Main Street

Newaygo, MI

3 beds | 3 baths | 2,586 sq.ft.

$299,900

Airbnb cash on cash: 1.9%

Traditional cash on cash: 10.07%

Airbnb Rental Income: $1848

Traditional Rental Income: $3657

Airbnb ROI: 1.9%

Traditional ROI: 10.07%

7951 S Island View Drive

Newaygo, MI

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

$399,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 2.51%

Airbnb Rental Income: $1848

Traditional Rental Income: $1837

Airbnb ROI: 1.21%

Traditional ROI: 2.51%

4997 S Croton Hardy Drive

Newaygo, MI

1 beds | 1 baths | 713 sq.ft.

$98,500

Airbnb cash on cash: 2.38%

Traditional cash on cash: 10.82%

Airbnb Rental Income: $787

Traditional Rental Income: $1275

Airbnb ROI: 2.38%

Traditional ROI: 10.82%

8022 MAIN Street

Newaygo, MI

2 beds | 1 baths | 1,124 sq.ft.

$299,900

Airbnb cash on cash: 0.45%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $1107

Traditional Rental Income: $1817

Airbnb ROI: 0.45%

Traditional ROI: 4.28%

5030 Russell Road

Newaygo, MI

3 beds | 2 baths | 2,875 sq.ft.

$495,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1848

Traditional Rental Income: $3014

Airbnb ROI: 0.72%

Traditional ROI: 4.32%

5705 Centerline Road

Newaygo, MI

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

$349,900

Airbnb cash on cash: 2.12%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1848

Traditional Rental Income: $2873

Airbnb ROI: 2.12%

Traditional ROI: 6.75%

1130 E 88th Street

Newaygo, MI

1 beds | 1 baths | 540 sq.ft.

$259,900

Airbnb cash on cash: -0.2%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $787

Traditional Rental Income: $1344

Airbnb ROI: -0.2%

Traditional ROI: 3.38%

4600 S Teal Lane

Newaygo, MI

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

$489,900

Airbnb cash on cash: -0.54%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $1848

Traditional Rental Income: $3008

Airbnb ROI: -0.54%