Real Estate Investment Properties for Sale in Michigan

Looking for investment property in Michigan with high ROI ?

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

Q: Which city in Michigan to invest in for highest ROI on long term rental properties in 2026

In 2026, Erieis the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
18217 Santa Rosa Dr Detroit, MI TENANT IN PLACE TO INCREASE YOUR PORTFOLIO 0R TO LIVE IN. AS IS SALE ONLY. 24 HOUR NOTICE ...	3 beds \| 1 baths \| 1,398 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.57% Airbnb Rental Income: $null Traditional Rental Income: $1677 Airbnb ROI: N/A Traditional ROI: 8.57%
5840 Northfield Parkway Troy, MI ***This appealing condo was put on the market during the government shutdown and on into t...	3 beds \| 2 baths \| 1,410 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $2072 Airbnb ROI: N/A Traditional ROI: 3.76%
322 E Harrison Ave #18 Royal Oak, MI Nestled in the heart of Royal Oakâs industrial district, this stylish loft in the sought...	2 beds \| 2 baths \| 1,129 sq.ft.	$334,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.98% Airbnb Rental Income: $null Traditional Rental Income: $1895 Airbnb ROI: N/A Traditional ROI: 0.98%
31065 Tremont Ln Franklin, MI 31065 Tremont Ln, Franklin, MI 48025 \| Single Family Residential	3 beds \| 3 baths \| 4,300 sq.ft.	$798,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.36% Airbnb Rental Income: $null Traditional Rental Income: $3120 Airbnb ROI: N/A Traditional ROI: 1.36%
1535 6th St #5 Detroit, MI Massive loft space available in Historic Corktown at the 6th Street Lofts! True live work ...	3 beds \| 2 baths \| 5,600 sq.ft.	$1,700,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.14% Airbnb Rental Income: $null Traditional Rental Income: $2155 Airbnb ROI: N/A Traditional ROI: -1.14%
5521 Cadieux Rd Detroit, MI 5521 Cadieux Rd, Detroit, MI 48224 \| Single Family Residential	3 beds \| 2 baths \| 1,750 sq.ft.	$119,999	Airbnb cash on cash: N/A Traditional cash on cash: 7.48% Airbnb Rental Income: $null Traditional Rental Income: $1248 Airbnb ROI: N/A Traditional ROI: 7.48%
2597 W Towne Street Ann Arbor, MI This charming one-bedroom upper-level ranch condo offers a perfect blend of comfort and co...	1 beds \| 1 baths \| 918 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.84% Airbnb Rental Income: $null Traditional Rental Income: $1464 Airbnb ROI: N/A Traditional ROI: 1.84%
2875 Trailwood Lane Ann Arbor, MI Ann Arbor Twp Property Rare 10-acre Ann Arbor estate offering exceptional privacy, versati...	4 beds \| 4 baths \| 2,701 sq.ft.	$989,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $3329 Airbnb ROI: N/A Traditional ROI: 1.74%
3155 La Salle Drive Ann Arbor, MI Live 10 minutes from downtown Ann Arbor with a native wildflower meadow in your yard! Lovi...	3 beds \| 1 baths \| 1,220 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.05% Airbnb Rental Income: $null Traditional Rental Income: $2202 Airbnb ROI: N/A Traditional ROI: 3.05%
2711 Winter Dr Troy, MI Beautiful 3 bedroom, 1 1/2 bath home offering the perfect combination of contemporary and ...	3 beds \| 1 baths \| 2,074 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2400 Airbnb ROI: N/A Traditional ROI: 5.58%
750 Hazelwood St Birmingham, MI 750 Hazelwood St, Birmingham, MI 48009 \| Single Family Residential	3 beds \| 3 baths \| 3,452 sq.ft.	$1,999,999	Airbnb cash on cash: N/A Traditional cash on cash: -1.03% Airbnb Rental Income: $null Traditional Rental Income: $2880 Airbnb ROI: N/A Traditional ROI: -1.03%
600 Monroe Avenue NW unit: 406 #406 Grand Rapids, MI Penthouse Perfection at Monroe Terrace! Experience downtown living at its finest in this s...	3 beds \| 3 baths \| 2,355 sq.ft.	$865,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.33% Airbnb Rental Income: $null Traditional Rental Income: $2838 Airbnb ROI: N/A Traditional ROI: 0.33%
108 Henderson Place Cadillac, MI Even more adorable and cozy than it looks! This turn key tiny home is well built, is full ...	1 beds \| 1 baths \| 400 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.87% Airbnb Rental Income: $null Traditional Rental Income: $735 Airbnb ROI: N/A Traditional ROI: 2.87%
549 Detroit Street Au Gres, MI Over 88' of frontage along the Au Gres River awaits with this riverfront property! Just a ...	2 beds \| 1 baths \| 1,248 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.4% Airbnb Rental Income: $null Traditional Rental Income: $1785 Airbnb ROI: N/A Traditional ROI: 5.4%
2839 Ruby Street Traverse City, MI Maintenance free living in the heart of it all allows for you to never worry about lawn an...	3 beds \| 2 baths \| 1,648 sq.ft.	$453,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.54% Airbnb Rental Income: $null Traditional Rental Income: $2358 Airbnb ROI: N/A Traditional ROI: 3.54%
3948 Sherwood Forest Drive Traverse City, MI Priced to sell at $285,000! Enjoy easy, low-maintenance living in this 2BR/1.5BA condo in ...	2 beds \| 2 baths \| 1,728 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 5.92%
3947 76th Street SW Byron Center, MI This inviting farmhouse sits on nearly 5 peaceful acres in Byron Center, offering the spac...	4 beds \| 2 baths \| 2,539 sq.ft.	$614,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.42% Airbnb Rental Income: $null Traditional Rental Income: $3151 Airbnb ROI: N/A Traditional ROI: 3.42%
2900 E Jefferson Ave #C4 Detroit, MI 2 Bedroom, 2.5 bath condo in the fully remodeled Albert Kahn building, Garden Court, locat...	3 beds \| 2 baths \| 2,883 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.12% Airbnb Rental Income: $null Traditional Rental Income: $2255 Airbnb ROI: N/A Traditional ROI: 1.12%
18704 Sunderland Rd Detroit, MI Charming 2 bedroom ranch. Great for first time buyer or investor. Close to main streets, ...	2 beds \| 1 baths \| 1,420 sq.ft.	$139,500	Airbnb cash on cash: -1.54% Traditional cash on cash: 5.72% Airbnb Rental Income: $367 Traditional Rental Income: $1088 Airbnb ROI: -1.54% Traditional ROI: 5.72%
2400 Troon South #4002 Bellaire, MI Enjoy views of the 18th hole and pond at the Lodge at Cedar River Village. This updated 1...	1 beds \| 1 baths \| 594 sq.ft.	$119,000	Airbnb cash on cash: -6.86% Traditional cash on cash: 2.29% Airbnb Rental Income: $491 Traditional Rental Income: $1270 Airbnb ROI: -6.86% Traditional ROI: 2.29%
11225 Roxbury St Detroit, MI Beautiful brick home. 3 bedrooms, large family room with fireplace, all year round sun roo...	3 beds \| 1 baths \| 1,200 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.09% Airbnb Rental Income: $null Traditional Rental Income: $1420 Airbnb ROI: N/A Traditional ROI: 9.09%
6231 University Pl Detroit, MI This is a 3 bedroom brick bungalow home with a 2 car detached garage!	3 beds \| 2 baths \| 1,430 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.45% Airbnb Rental Income: $null Traditional Rental Income: $1686 Airbnb ROI: N/A Traditional ROI: 11.45%
2993 Emerald Isle Traverse City, MI Discover easy living in this beautifully maintained 2-bedroom, 2-bath condo perfectly situ...	2 beds \| 2 baths \| 962 sq.ft.	$324,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $1592 Airbnb ROI: N/A Traditional ROI: 3.33%
19410 Rutherford St Detroit, MI INVESTOR SPECIAL 2BD 1 BATH WITH TENANT ALREADY IN PLACE PAYING $650 A MONTH GENERATING IN...	2 beds \| 1 baths \| 840 sq.ft.	$74,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.19% Airbnb Rental Income: $null Traditional Rental Income: $949 Airbnb ROI: N/A Traditional ROI: 9.19%
7203 Valley Honor, MI Nestled on 40 acres of pristine high ground and partially wooded land, this beautiful 3-be...	3 beds \| 1 baths \| 1,200 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.82% Airbnb Rental Income: $null Traditional Rental Income: $1825 Airbnb ROI: N/A Traditional ROI: 1.82%
1300 E LAFAYETTE Street #1509 Detroit, MI Welcome to your upper level luxurious lifestyle condo! The unit is located on the (15th fl...	1 beds \| 1 baths \| 800 sq.ft.	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.9% Airbnb Rental Income: $null Traditional Rental Income: $1468 Airbnb ROI: N/A Traditional ROI: 1.9%
5504 Buckingham Ave Detroit, MI Spend the holiday in your new home! This home offers tons of charm- Updates Galore! Hardwo...	3 beds \| 1 baths \| 1,674 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $1303 Airbnb ROI: N/A Traditional ROI: 5.8%
7050 Loud Drive Oscoda, MI This unique one of a kind 5.22 acre property is a dream! The Multi-level 2,352 sq ft house...	3 beds \| 2 baths \| 2,352 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.27% Airbnb Rental Income: $null Traditional Rental Income: $2619 Airbnb ROI: N/A Traditional ROI: 4.27%
15805 Lindsay Street Detroit, MI Welcome to 15805 Lindsay St, a beautifully renovated 2-bedroom, 2-bath ranch situated in o...	2 beds \| 2 baths \| 1,254 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $1118 Airbnb ROI: N/A Traditional ROI: 3.57%
206 Boardman Avenue Traverse City, MI Welcome to the coveted Brownstones in downtown Traverse City! This beautifully updated 2-b...	2 beds \| 3 baths \| 1,432 sq.ft.	$999,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.4% Airbnb Rental Income: $null Traditional Rental Income: $2465 Airbnb ROI: N/A Traditional ROI: 1.4%
1030 Eastward Street Alma, MI This Spacious 3 Bedroom 2 Bath home just might be the one for you.... Located on a very la...	3 beds \| 2 baths \| 1,240 sq.ft.	$134,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.34% Airbnb Rental Income: $null Traditional Rental Income: $1835 Airbnb ROI: N/A Traditional ROI: 11.34%
64 Quimby Street NE Grand Rapids, MI Land Contract/Seller Financing Available 10%+ Downpayment $1850/Monthly or Loan/Cash Offer...	4 beds \| 1 baths \| 1,356 sq.ft.	$196,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $1739 Airbnb ROI: N/A Traditional ROI: 6.3%
335 Bridge Street NW unit: 3102 #3102 Grand Rapids, MI Set high above the city, this 4,100+ square foot penthouse offers sweeping panoramic skyli...	3 beds \| 3 baths \| 4,135 sq.ft.	$1,949,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.41% Airbnb Rental Income: $null Traditional Rental Income: $3429 Airbnb ROI: N/A Traditional ROI: -2.41%
100 W 5th Street #605 Royal Oak, MI Located in the heart of Downtown Royal Oak, this Modern Condo offers Elevated Views, 10 Fo...	2 beds \| 2 baths \| 1,201 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.65% Airbnb Rental Income: $null Traditional Rental Income: $2417 Airbnb ROI: N/A Traditional ROI: 1.65%
6570 Alward Drive Hudsonville, MI Set in the desirable Alward Estates community and within Hudsonville Schools, this 2017 bu...	4 beds \| 2 baths \| 2,306 sq.ft.	$534,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $2742 Airbnb ROI: N/A Traditional ROI: 3.25%
6503 Adams Street Zeeland, MI Breathe in the fresh, clean air of true country living in this beautifully remodeled farmh...	3 beds \| 2 baths \| 1,572 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $2356 Airbnb ROI: N/A Traditional ROI: 4.5%
1104 Riverside Owosso, MI Riverside Gem, with stunning views. Welcome to this beautiful updated 3 bed, 3.5 bath ranc...	3 beds \| 4 baths \| 1,980 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $3304 Airbnb ROI: N/A Traditional ROI: 7.13%

Real Estate investment in Michigan

There are 24,359 properties available for sale in the state of Michigan. Erie, South Rockwood and Shelbyville are the best rental property markets in Michigan. The average median price of properties for sale in these cities are $194,950 and the average price per square foot is $0. Their average monthly cash on cash return is 7.67%.

Michigan Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24,359 investment properties available for sale in Michigan.

In 2026, Erie is the best city to buy investment properties. Find more investment properties today!

In 2026, Erie (12%) and South Rockwood (6%) has the highest cash on cash return for long term rentals in Michigan.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan

18217 Santa Rosa Dr

Detroit, MI

3 beds | 1 baths | 1,398 sq.ft.

$155,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.57%

Airbnb Rental Income: $null

Traditional Rental Income: $1677

Airbnb ROI: N/A

Traditional ROI: 8.57%

5840 Northfield Parkway

Troy, MI

3 beds | 2 baths | 1,410 sq.ft.

$274,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.76%

Airbnb Rental Income: $null

Traditional Rental Income: $2072

Airbnb ROI: N/A

Traditional ROI: 3.76%

322 E Harrison Ave #18

Royal Oak, MI

2 beds | 2 baths | 1,129 sq.ft.

$334,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.98%

Airbnb Rental Income: $null

Traditional Rental Income: $1895

Airbnb ROI: N/A

Traditional ROI: 0.98%

31065 Tremont Ln

Franklin, MI

3 beds | 3 baths | 4,300 sq.ft.

$798,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.36%

Airbnb Rental Income: $null

Traditional Rental Income: $3120

Airbnb ROI: N/A

Traditional ROI: 1.36%

1535 6th St #5

Detroit, MI

3 beds | 2 baths | 5,600 sq.ft.

$1,700,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.14%

Airbnb Rental Income: $null

Traditional Rental Income: $2155

Airbnb ROI: N/A

Traditional ROI: -1.14%

5521 Cadieux Rd

Detroit, MI

3 beds | 2 baths | 1,750 sq.ft.

$119,999

Airbnb cash on cash: N/A

Traditional cash on cash: 7.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1248

Airbnb ROI: N/A

Traditional ROI: 7.48%

2597 W Towne Street

Ann Arbor, MI

1 beds | 1 baths | 918 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.84%

Airbnb Rental Income: $null

Traditional Rental Income: $1464

Airbnb ROI: N/A

Traditional ROI: 1.84%

2875 Trailwood Lane

Ann Arbor, MI

4 beds | 4 baths | 2,701 sq.ft.

$989,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.74%

Airbnb Rental Income: $null

Traditional Rental Income: $3329

Airbnb ROI: N/A