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
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.	$219,900	Airbnb cash on cash: 5.14% Traditional cash on cash: 7.64% Airbnb Rental Income: $2322 Traditional Rental Income: $2267 Airbnb ROI: 5.14% Traditional ROI: 7.64%
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: 1.67% Traditional cash on cash: 7.34% Airbnb Rental Income: $1597 Traditional Rental Income: $2873 Airbnb ROI: 1.67% Traditional ROI: 7.34%
9988 N W County Line Road Newaygo, MI Check out this beautifully updated 3-bedroom, 2-bath manufactured home sitting on approxim...	3 beds \| 2 baths \| 1,488 sq.ft.	$225,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 9.26% Airbnb Rental Income: $1597 Traditional Rental Income: $2378 Airbnb ROI: 3.46% Traditional ROI: 9.26%
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: 1.17% Traditional cash on cash: 4.35% Airbnb Rental Income: $2071 Traditional Rental Income: $3168 Airbnb ROI: 1.17% 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.	$649,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 3.26% Airbnb Rental Income: $2322 Traditional Rental Income: $3237 Airbnb ROI: 0.81% Traditional ROI: 3.26%
5539 Front Street Newaygo, MI Escape to the water with this charming waterfront cottage offering 50 feet of frontage on ...	1 beds \| 1 baths \| 898 sq.ft.	$315,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 3.18% Airbnb Rental Income: $675 Traditional Rental Income: $1494 Airbnb ROI: -0.6% Traditional ROI: 3.18%
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: 1.29% Traditional cash on cash: 3.39% Airbnb Rental Income: $1126 Traditional Rental Income: $1197 Airbnb ROI: 1.29% 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.	$399,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 6.45% Airbnb Rental Income: $2322 Traditional Rental Income: $3019 Airbnb ROI: 3.06% Traditional ROI: 6.45%
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.	$319,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 5.14% Airbnb Rental Income: $1597 Traditional Rental Income: $2246 Airbnb ROI: 1.47% Traditional ROI: 5.14%
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.	$515,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.1% Airbnb Rental Income: $2071 Traditional Rental Income: $3133 Airbnb ROI: 0.78% Traditional ROI: 4.1%
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: 0.79% Traditional cash on cash: 5.86% Airbnb Rental Income: $1597 Traditional Rental Income: $3328 Airbnb ROI: 0.79% Traditional ROI: 5.86%
202 S Clay Street Newaygo, MI This well-situated and charming home offers an exceptional blend of comfort, practicality,...	2 beds \| 1 baths \| 1,000 sq.ft.	$239,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 5.02% Airbnb Rental Income: $1126 Traditional Rental Income: $1637 Airbnb ROI: 1.11% Traditional ROI: 5.02%
5710 Pear Avenue Newaygo, MI Beautifully remodeled home with stunning water frontage on Croton Pond. Enjoy breathtaking...	2 beds \| 1 baths \| 1,248 sq.ft.	$190,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 8.28% Airbnb Rental Income: $1126 Traditional Rental Income: $1806 Airbnb ROI: 2.43% Traditional ROI: 8.28%
8752 Bills Lake Court Newaygo, MI Welcome to 8752 Bills Lake Court, a spacious 4-bedroom2-bath home set on a beautiful one-a...	4 beds \| 2 baths \| 2,424 sq.ft.	$374,900	Airbnb cash on cash: 3.3% Traditional cash on cash: 5.93% Airbnb Rental Income: $2322 Traditional Rental Income: $2671 Airbnb ROI: 3.3% Traditional ROI: 5.93%
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: 3.24% Traditional cash on cash: 9.9% Airbnb Rental Income: $1597 Traditional Rental Income: $2400 Airbnb ROI: 3.24% 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: 3.16% Traditional cash on cash: 5.84% Airbnb Rental Income: $1597 Traditional Rental Income: $1775 Airbnb ROI: 3.16% Traditional ROI: 5.84%
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.	$599,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 1.36% Airbnb Rental Income: $1597 Traditional Rental Income: $1712 Airbnb ROI: 0.34% Traditional ROI: 1.36%
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: 2.76% Traditional cash on cash: 11.18% Airbnb Rental Income: $1597 Traditional Rental Income: $2965 Airbnb ROI: 2.76% Traditional ROI: 11.18%
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: 0.35% Traditional cash on cash: 3.17% Airbnb Rental Income: $1597 Traditional Rental Income: $2171 Airbnb ROI: 0.35% Traditional ROI: 3.17%
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.	$629,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.02% Airbnb Rental Income: $2322 Traditional Rental Income: $2809 Airbnb ROI: 1.21% Traditional ROI: 3.02%
838 Fremont Street Newaygo, MI Situated on 3.5 private acres, this 4-bedroom, 2-bath home offers a great opportunity in a...	4 beds \| 2 baths \| 2,472 sq.ft.	$269,000	Airbnb cash on cash: 4.26% Traditional cash on cash: 8.59% Airbnb Rental Income: $2322 Traditional Rental Income: $2845 Airbnb ROI: 4.26% Traditional ROI: 8.59%
5550 Cozy Point Drive Newaygo, MI Experience luxury waterfront living at its absolute finest. Perfectly situated on desirabl...	3 beds \| 3 baths \| 1,550 sq.ft.	$629,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.96% Airbnb Rental Income: $1597 Traditional Rental Income: $2681 Airbnb ROI: 0.34% Traditional ROI: 2.96%
5932 E Partridge Lane Newaygo, MI Warning: Your 'quick weekend getaway' might accidentally become your full-time personality...	3 beds \| 2 baths \| 1,198 sq.ft.	$165,000	Airbnb cash on cash: 5.07% Traditional cash on cash: 10.76% Airbnb Rental Income: $1597 Traditional Rental Income: $2037 Airbnb ROI: 5.07% Traditional ROI: 10.76%
8943 E 36th Street Newaygo, MI Nestled on a beautiful 2-acre wooded parcel, this well-maintained home offers privacy, com...	2 beds \| 2 baths \| 1,330 sq.ft.	$199,900	Airbnb cash on cash: 2.08% Traditional cash on cash: 8.61% Airbnb Rental Income: $1126 Traditional Rental Income: $1988 Airbnb ROI: 2.08% Traditional ROI: 8.61%
4733 Chestnut Avenue Newaygo, MI New build, one-story living, over 2 acres, and a quiet small-lake setting in beautiful New...	3 beds \| 2 baths \| 1,387 sq.ft.	$375,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 5.48% Airbnb Rental Income: $1597 Traditional Rental Income: $2618 Airbnb ROI: 1.29% Traditional ROI: 5.48%
5109 E Manitou Way Newaygo, MI Built in 2022, this stunning 4 bed, 3 bath lakefront home in Ottawa Pointe on Petitt Lake ...	4 beds \| 3 baths \| 3,299 sq.ft.	$1,495,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 0.77% Airbnb Rental Income: $2322 Traditional Rental Income: $3479 Airbnb ROI: -0.48% Traditional ROI: 0.77%
4457 S Croton Hardy Drive Newaygo, MI Completely renovated 4-bedroom, 1-bath home on a peaceful .45-acre lot with water access t...	4 beds \| 1 baths \| 1,212 sq.ft.	$289,900	Airbnb cash on cash: 4.1% Traditional cash on cash: 4.56% Airbnb Rental Income: $2322 Traditional Rental Income: $1872 Airbnb ROI: 4.1% Traditional ROI: 4.56%
4629 S Croton Hardy Drive Newaygo, MI Escape, settle in, or invest in this riverfront property with spectacular views, private d...	1 beds \| 1 baths \| 288 sq.ft.	$249,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 1.48% Airbnb Rental Income: $675 Traditional Rental Income: $874 Airbnb ROI: -0.64% Traditional ROI: 1.48%
9880 S Spruce Avenue Newaygo, MI This property sits on 10.7 wooded acres with a 1/2-mile private walking trail nestled with...	3 beds \| 2 baths \| 2,820 sq.ft.	$549,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 3.46% Airbnb Rental Income: $1597 Traditional Rental Income: $2657 Airbnb ROI: 0.5% Traditional ROI: 3.46%
5375 Front Street Newaygo, MI Own Your Own Little Piece Of Heaven! This Home Has Been Completely Remodeled, Fully Furnis...	2 beds \| 2 baths \| 848 sq.ft.	$357,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.47% Airbnb Rental Income: $1126 Traditional Rental Income: $1855 Airbnb ROI: 0.18% Traditional ROI: 3.47%
2221 W 68th Street Newaygo, MI Introducing 2221 W 68th, offering country and convenience with an abundance of potential j...	5 beds \| 2 baths \| 2,850 sq.ft.	$750,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 2.25% Airbnb Rental Income: $2071 Traditional Rental Income: $2791 Airbnb ROI: 0.46% Traditional ROI: 2.25%
8365 S Spruce Avenue Newaygo, MI Welcome to lakefront living on all-sports Brooks Lake! This 2-bed, 2-bath home sits on a s...	2 beds \| 2 baths \| 1,800 sq.ft.	$449,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.6% Airbnb Rental Income: $1126 Traditional Rental Income: $2695 Airbnb ROI: -0.02% Traditional ROI: 4.6%
37 E Jefferson Street Newaygo, MI Welcome home to this absolute dollhouse! Charming, convenient, and bursting with personali...	2 beds \| 1 baths \| 862 sq.ft.	$179,900	Airbnb cash on cash: 1.36% Traditional cash on cash: 5.36% Airbnb Rental Income: $1126 Traditional Rental Income: $1435 Airbnb ROI: 1.36% Traditional ROI: 5.36%
250 E 88th Street Newaygo, MI This 3-bedroom, 1-1/2 bath ranch sits on over two acres of wooded land, and also includes ...	3 beds \| 2 baths \| 2,468 sq.ft.	$350,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 6.19% Airbnb Rental Income: $1597 Traditional Rental Income: $2627 Airbnb ROI: 1.67% Traditional ROI: 6.19%
5708 E 52nd Street Newaygo, MI Rare find with main home and additional heated building approx. 1,570 sq ft combined. Main...	2 beds \| 1 baths \| 960 sq.ft.	$495,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 1.62% Airbnb Rental Income: $1126 Traditional Rental Income: $1651 Airbnb ROI: -0.33% Traditional ROI: 1.62%
1511 E Croton Drive Newaygo, MI Nestled in the heart of Newaygo -- a sought-after West Michigan destination known for outd...	2 beds \| 1 baths \| 1,130 sq.ft.	$119,900	Airbnb cash on cash: 3.98% Traditional cash on cash: 11.69% Airbnb Rental Income: $1126 Traditional Rental Income: $1641 Airbnb ROI: 3.98% Traditional ROI: 11.69%
1360 E Bigelow Creek Trail Newaygo, MI 'Escape to your own private retreat on Bigelow Creek! This spacious 4-bedroom, 2-bath home...	3 beds \| 2 baths \| 2,127 sq.ft.	$439,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.56% Airbnb Rental Income: $1597 Traditional Rental Income: $2905 Airbnb ROI: 1.28% Traditional ROI: 5.56%
172 Bridge Street Newaygo, MI A charming 3 bedroom 2 bath home on nearly 9 acres, walking distance to Muskegon River. Th...	3 beds \| 2 baths \| 1,095 sq.ft.	$325,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 4.46% Airbnb Rental Income: $1597 Traditional Rental Income: $2015 Airbnb ROI: 1.6% Traditional ROI: 4.46%

Real Estate investment in Newaygo, MI

There are 41 properties for sale in the city of Newaygo . The median list price in Newaygo is $293,824 and the average price per square foot is $174. In July 2026, the average monthly cash on cash return in Newaygo is 5.00%. The average monthly rental income in Newaygo is $2,263.

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

There are 41 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 $2,263.

Your search for investment property begins and ends here

Investment Property for Sale in Newaygo, MI

7615 S Croton Hardy Drive

Newaygo, MI

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

$219,900

Airbnb cash on cash: 5.14%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $2322

Traditional Rental Income: $2267

Airbnb ROI: 5.14%

Traditional ROI: 7.64%

5705 Centerline Road

Newaygo, MI

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

$324,900

Airbnb cash on cash: 1.67%

Traditional cash on cash: 7.34%

Airbnb Rental Income: $1597

Traditional Rental Income: $2873

Airbnb ROI: 1.67%

Traditional ROI: 7.34%

9988 N W County Line Road

Newaygo, MI

3 beds | 2 baths | 1,488 sq.ft.

$225,000

Airbnb cash on cash: 3.46%

Traditional cash on cash: 9.26%

Airbnb Rental Income: $1597

Traditional Rental Income: $2378

Airbnb ROI: 3.46%

Traditional ROI: 9.26%

8861 S Big Buck Lane

Newaygo, MI

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

$550,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $2071

Traditional Rental Income: $3168

Airbnb ROI: 1.17%

Traditional ROI: 4.35%

5904 E Division Street

Newaygo, MI

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

$649,900

Airbnb cash on cash: 0.81%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $2322

Traditional Rental Income: $3237

Airbnb ROI: 0.81%

Traditional ROI: 3.26%

5539 Front Street

Newaygo, MI

1 beds | 1 baths | 898 sq.ft.

$315,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 3.18%

Airbnb Rental Income: $675

Traditional Rental Income: $1494

Airbnb ROI: -0.6%

Traditional ROI: 3.18%

8478 Vista Drive

Newaygo, MI

2 beds | 1 baths | 960 sq.ft.

$225,000

Airbnb cash on cash: 1.29%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $1126

Traditional Rental Income: $1197

Airbnb ROI: 1.29%

Traditional ROI: 3.39%

5557 Front Street

Newaygo, MI

4 beds | 2 baths | 1,964 sq.ft.

$399,900

Airbnb cash on cash: 3.06%

Traditional cash on cash: 6.45%

Airbnb Rental Income: $2322

Traditional Rental Income: $3019

Airbnb ROI: 3.06%