Real Estate Investment Properties for Sale in Rapid City, MI

Looking for investment property in Rapid City, MI with high ROI ?

Explore a variety of short-term homes & houses in Rapid City, MI. Invest wisely with VRBO & Rapid City, 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 Rapid City, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
12134 Jonathon Drive Rapid City, MI Discover a wonderful opportunity with this shared waterfront home on the sought after Torc...	4 beds \| 3 baths \| 1,700 sq.ft.	$399,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 6.3% Airbnb Rental Income: $1981 Traditional Rental Income: $2972 Airbnb ROI: 2.27% Traditional ROI: 6.3%
8281 Rapid City Road Rapid City, MI This unique property features a stick built 3 bedroom, 1 bath main home, along with two ad...	5 beds \| 3 baths \| 1,573 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $1789 Airbnb ROI: N/A Traditional ROI: 2.51%
8112 LAKESIDE TRAIL Rapid City, MI This beautiful raised ranch offers 137 feet of private frontage on Skegemog Lake, part of ...	4 beds \| 4 baths \| 2,562 sq.ft.	$1,599,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.23% Airbnb Rental Income: $1981 Traditional Rental Income: $3834 Airbnb ROI: -0.37% Traditional ROI: 1.23%
8320 NW Valley Rapid City, MI Nearly new 3-bedroom, 2-bath home on just under 5 acres. The back acreage includes the Rap...	3 beds \| 2 baths \| 1,120 sq.ft.	$325,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 4% Airbnb Rental Income: $2338 Traditional Rental Income: $2087 Airbnb ROI: 2.93% Traditional ROI: 4%
6483 W PLUM VALLEY ROAD NW Rapid City, MI This charming 860 sq. ft. log cabin sits along the Rapid River, a premier trout stream fam...	1 beds \| 1 baths \| 866 sq.ft.	$990,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 0.2% Airbnb Rental Income: $1291 Traditional Rental Income: $1395 Airbnb ROI: -0.35% Traditional ROI: 0.2%
12003 Barkley Lane #2 Rapid City, MI Exceptional location situated between Elk and Torch Lakes, featuring beautiful cherry orch...	3 beds \| 2 baths \| 1,440 sq.ft.	$514,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.35% Airbnb Rental Income: $2338 Traditional Rental Income: $2443 Airbnb ROI: 0.93% Traditional ROI: 2.35%
11888 Hickin Road Rapid City, MI Step back in time with this inviting three-bedroom, two-bath home just two miles north of ...	3 beds \| 2 baths \| 1,512 sq.ft.	$375,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 5.04% Airbnb Rental Income: $2338 Traditional Rental Income: $2525 Airbnb ROI: 2.87% Traditional ROI: 5.04%
11401 Orchard Drive Rapid City, MI Great location off of SW Torch Lake Drive in Orchard Hills is the setting for this 3-bedro...	3 beds \| 2 baths \| 1,260 sq.ft.	$399,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 4.43% Airbnb Rental Income: $2338 Traditional Rental Income: $2284 Airbnb ROI: 3.03% Traditional ROI: 4.43%
7657 NW BLAKE AVENUE Rapid City, MI This large fixer-upper home features three spacious bedrooms and two baths, providing plen...	3 beds \| 2 baths \| 2,356 sq.ft.	$199,900	Airbnb cash on cash: 6.94% Traditional cash on cash: 11.73% Airbnb Rental Income: $2338 Traditional Rental Income: $2667 Airbnb ROI: 6.94% Traditional ROI: 11.73%
13433 Torch River Road Rapid City, MI Torch River with 125 ft. of quiet crystal clear peaceful frontage. Only 3/4 of a mile fr...	3 beds \| 3 baths \| 2,800 sq.ft.	$1,795,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 0.4% Airbnb Rental Income: $2338 Traditional Rental Income: $3410 Airbnb ROI: -0.59% Traditional ROI: 0.4%
6451 Arts Road Rapid City, MI Location, Location, Location and immediate occupancy. A very nice home on 11 acres (Zoned ...	3 beds \| 2 baths \| 906 sq.ft.	$199,900	Airbnb cash on cash: 7.54% Traditional cash on cash: 8.4% Airbnb Rental Income: $2338 Traditional Rental Income: $1923 Airbnb ROI: 7.54% Traditional ROI: 8.4%
8916 NW VALLEY Rapid City, MI Picture This! Your New Home 2025 outside of Rapid City-just minutes to Torch Lake, Lake Sk...	4 beds \| 2 baths \| 1,493 sq.ft.	$218,800	Airbnb cash on cash: 5.39% Traditional cash on cash: 10.89% Airbnb Rental Income: $1981 Traditional Rental Income: $2602 Airbnb ROI: 5.39% Traditional ROI: 10.89%
8918 NW VALLEY Rapid City, MI Picture This! Your New Home 2025 outside of Rapid City-just minutes to Torch Lake, Lake Sk...	4 beds \| 2 baths \| 1,493 sq.ft.	$224,800	Airbnb cash on cash: 5.22% Traditional cash on cash: 10.59% Airbnb Rental Income: $1981 Traditional Rental Income: $2605 Airbnb ROI: 5.22% Traditional ROI: 10.59%
12094 Highland View Drive Rapid City, MI TORCH LAKE ACCESS! This custom-built, 3-bedroom, 3-bath home is a private oasis situated o...	3 beds \| 3 baths \| 2,346 sq.ft.	$749,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 2.83% Airbnb Rental Income: $2338 Traditional Rental Income: $3085 Airbnb ROI: 0.94% Traditional ROI: 2.83%
6158 Aarwood Road NW Rapid City, MI Welcome to Black Cedar Cabin - built in 2024 and perfectly set on 2.2 wooded acres with ov...	2 beds \| 2 baths \| 1,874 sq.ft.	$499,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.19% Airbnb Rental Income: $1703 Traditional Rental Income: $2949 Airbnb ROI: 0.52% Traditional ROI: 4.19%
7515 Crystal Beach Road Rapid City, MI Charming 4BR, 2BA Cape Cod just steps from Torch Lake and the Torch River, offering serene...	4 beds \| 2 baths \| 1,400 sq.ft.	$990,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.02% Airbnb Rental Income: $1981 Traditional Rental Income: $2537 Airbnb ROI: -0.14% Traditional ROI: 1.02%
6576 W Plum Valley Road NW Rapid City, MI Torch Lake sand bar is calling! Up north adventures are all around this charming 3-bedroom...	3 beds \| 2 baths \| 1,456 sq.ft.	$300,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 5.85% Airbnb Rental Income: $2338 Traditional Rental Income: $2296 Airbnb ROI: 3.95% Traditional ROI: 5.85%
12442 Stallman Road Rapid City, MI Private Retreat with Stunning Country Views. Built in 2020, this beautifully designed 2...	2 beds \| 1 baths \| 1,056 sq.ft.	$379,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 3.22% Airbnb Rental Income: $1703 Traditional Rental Income: $1841 Airbnb ROI: 1.51% Traditional ROI: 3.22%
12000 Barkley Lane #3 Rapid City, MI Exceptional location situated between Elk and Torch Lakes, featuring beautiful cherry orch...	3 beds \| 3 baths \| 1,772 sq.ft.	$575,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 2.61% Airbnb Rental Income: $2338 Traditional Rental Income: $2859 Airbnb ROI: 0.57% Traditional ROI: 2.61%
8615 Rapid City Road NW Rapid City, MI Discover the perfect mix of charm and updates in this 3 bedroom, 1 bath ranch on a spaciou...	3 beds \| 1 baths \| 1,878 sq.ft.	$330,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 4.43% Airbnb Rental Income: $2338 Traditional Rental Income: $2062 Airbnb ROI: 3.46% Traditional ROI: 4.43%
6993 NW Aarwood Road Rapid City, MI TORCH LAKE PRIVATE WATERFRONT! This stunning, spacious home featuring an oversized family...	4 beds \| 3 baths \| 3,554 sq.ft.	$1,650,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 0.58% Airbnb Rental Income: $1981 Traditional Rental Income: $3694 Airbnb ROI: -0.88% Traditional ROI: 0.58%

Real Estate investment in Rapid-city, MI

There are 21 properties for sale in the city of Rapid City . The median list price in Rapid City is $399,000 and the average price per square foot is $230. In October 2025, the average monthly cash on cash return in Rapid City is 4.00%. The average monthly rental income in Rapid City is $2,537.

Rapid-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 21 investment properties available for sale in Rapid-city.

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

The ROI for Long-Term is higher than the Short-Term in Rapid-city with average rental income of $2,537.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, MI

12134 Jonathon Drive

Rapid City, MI

4 beds | 3 baths | 1,700 sq.ft.

$399,900

Airbnb cash on cash: 2.27%

Traditional cash on cash: 6.3%

Airbnb Rental Income: $1981

Traditional Rental Income: $2972

Airbnb ROI: 2.27%

Traditional ROI: 6.3%

8281 Rapid City Road

Rapid City, MI

5 beds | 3 baths | 1,573 sq.ft.

$359,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.51%

Airbnb Rental Income: $null

Traditional Rental Income: $1789

Airbnb ROI: N/A

Traditional ROI: 2.51%

8112 LAKESIDE TRAIL

Rapid City, MI

4 beds | 4 baths | 2,562 sq.ft.

$1,599,000

Airbnb cash on cash: -0.37%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $1981

Traditional Rental Income: $3834

Airbnb ROI: -0.37%

Traditional ROI: 1.23%

8320 NW Valley

Rapid City, MI

3 beds | 2 baths | 1,120 sq.ft.

$325,000

Airbnb cash on cash: 2.93%

Traditional cash on cash: 4%

Airbnb Rental Income: $2338

Traditional Rental Income: $2087

Airbnb ROI: 2.93%

Traditional ROI: 4%

6483 W PLUM VALLEY ROAD NW

Rapid City, MI

1 beds | 1 baths | 866 sq.ft.

$990,000

Airbnb cash on cash: -0.35%

Traditional cash on cash: 0.2%

Airbnb Rental Income: $1291

Traditional Rental Income: $1395

Airbnb ROI: -0.35%

Traditional ROI: 0.2%

12003 Barkley Lane #2

Rapid City, MI

3 beds | 2 baths | 1,440 sq.ft.

$514,900

Airbnb cash on cash: 0.93%

Traditional cash on cash: 2.35%

Airbnb Rental Income: $2338

Traditional Rental Income: $2443

Airbnb ROI: 0.93%

Traditional ROI: 2.35%

11888 Hickin Road

Rapid City, MI

3 beds | 2 baths | 1,512 sq.ft.

$375,000

Airbnb cash on cash: 2.87%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $2338

Traditional Rental Income: $2525

Airbnb ROI: 2.87%

Traditional ROI: 5.04%

11401 Orchard Drive

Rapid City, MI

3 beds | 2 baths | 1,260 sq.ft.

$399,000

Airbnb cash on cash: 3.03%

Traditional cash on cash: 4.43%

Airbnb Rental Income: $2338

Traditional Rental Income: $2284

Airbnb ROI: 3.03%