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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
12134 Jonathon Dr Rapid City, MI Discover a wonderful opportunity with this shared waterfront home on the sought after Torc...	4 beds \| 2 baths \| 1,700 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2972 Airbnb ROI: N/A Traditional ROI: 6.78%
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%
6483 W Plum Valley Rd 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: N/A Traditional cash on cash: 0.2% Airbnb Rental Income: $null Traditional Rental Income: $1395 Airbnb ROI: N/A Traditional ROI: 0.2%
11888 Hickin Rd 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: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $2525 Airbnb ROI: N/A Traditional ROI: 5.04%
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: N/A Traditional cash on cash: 0.4% Airbnb Rental Income: $null Traditional Rental Income: $3410 Airbnb ROI: N/A Traditional ROI: 0.4%
7515 Crystal Beach Rd 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.	$890,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $2537 Airbnb ROI: N/A Traditional ROI: 1.25%
6993 NW Aarwood Rd 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: N/A Traditional cash on cash: 0.58% Airbnb Rental Income: $null Traditional Rental Income: $3694 Airbnb ROI: N/A Traditional ROI: 0.58%
12800 & 12862 Cherry Avenue Rapid City, MI An exceptional opportunity to own a resort property in one of Northern Michiganâs most s...	N/A beds \| N/A baths \| 9,501 sq.ft.	$1,600,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.38% Airbnb Rental Income: $null Traditional Rental Income: $2188 Airbnb ROI: N/A Traditional ROI: 0.38%
8120 Westview Dr Rapid City, MI Experience 120 feet of access to Elk Lake along with docking privileges. You will have a s...	3 beds \| 2 baths \| 1,561 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 3% Airbnb Rental Income: $null Traditional Rental Income: $2647 Airbnb ROI: N/A Traditional ROI: 3%
5719 Main St Rapid City, MI Perfect little vacation retreat, starter home, or rental property located in the charming ...	2 beds \| 1 baths \| 844 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.18% Airbnb Rental Income: $null Traditional Rental Income: $1542 Airbnb ROI: N/A Traditional ROI: 6.18%
8224 Aarwood Trl NW Rapid City, MI 8224 Aarwood Trl NW, Rapid City, MI 49676 \| Single Family Residential	4 beds \| 2 baths \| 1,710 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $2270 Airbnb ROI: N/A Traditional ROI: 3.5%
8281 Rapid City Rd Rapid City, MI 8281 Rapid City Rd, Rapid City, MI 49676 \| Single Family Residential	5 beds \| 3 baths \| 1,573 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.12% Airbnb Rental Income: $null Traditional Rental Income: $2671 Airbnb ROI: N/A Traditional ROI: 5.12%
VL 30.75 NW Walker Rd Rapid City, MI VL 30.75 NW Walker Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$194,499	Airbnb cash on cash: N/A Traditional cash on cash: 1.31% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 1.31%
VL 17.5A NW Walker Road, NW Rapid City, MI VL 17.5A NW Walker Road, NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$129,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.15% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 3.15%
Lot F Retreats Way Rapid City, MI Lot F Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.27% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 9.27%
Parcel J Retreats Way Rapid City, MI Parcel J Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.02% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -0.02%
N Retreats Way Rapid City, MI N Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$49,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.88% Airbnb Rental Income: $null Traditional Rental Income: $760 Airbnb ROI: N/A Traditional ROI: 10.88%
Lot E Retreats Way Rapid City, MI Lot E Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 6.49%
7107 Rapid City Rd NW Rapid City, MI 7107 Rapid City Rd NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.36% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -1.36%
VL 18.75A NW Walker Road, NW Rapid City, MI VL 18.75A NW Walker Road, NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$114,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.89% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 3.89%
H Retreats Way Rapid City, MI H Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$70,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.7% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 7.7%
VL 12.5A NW Walker Road, NW Rapid City, MI VL 12.5A NW Walker Road, NW, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$84,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.99% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 5.99%
VL 12A NW Walker Rd Rapid City, MI VL 12A NW Walker Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$79,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 6.49%
Lot D Retreats Way Rapid City, MI Lot D Retreats Way, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 6.49%
11951 Cabin Ln Rapid City, MI Bi-level home in a popular subdivision with shared access to a Torch Lake park. This 3-bed...	3 beds \| 2 baths \| 1,598 sq.ft.	$307,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $2588 Airbnb ROI: N/A Traditional ROI: 6.97%
000 Buckridge Ct Rapid City, MI 000 Buckridge Ct, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.09% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 9.09%
11951 Cabin Ln Lot : 126 Rapid City, MI 11951 Cabin Ln Lot : 126, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 2 baths \| 1,598 sq.ft.	$307,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.7% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: 1.7%
7780 Elk Tip Dr Rapid City, MI 7780 Elk Tip Dr, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 2 baths \| 1,740 sq.ft.	$1,450,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.63% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: -1.63%
8120 Westview Dr Lot : 11 Rapid City, MI 8120 Westview Dr Lot : 11, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 2 baths \| 1,561 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.42% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: -0.42%
10701 SW Torch Lake Dr Rapid City, MI 10701 SW Torch Lake Dr, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 1 baths \| 995 sq.ft.	$995,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.32% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: -1.32%
12147 SW Torch Lake Dr Rapid City, MI 12147 SW Torch Lake Dr, Rapid City, MI 49676 \| Single Family Residential	4 beds \| 1 baths \| 1,177 sq.ft.	$1,145,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.05% Airbnb Rental Income: $null Traditional Rental Income: $1671 Airbnb ROI: N/A Traditional ROI: -1.05%
13433 Torch River Rd Lot : A Rapid City, MI 13433 Torch River Rd Lot : A, Rapid City, MI 49679 \| Single Family Residential	3 beds \| 2 baths \| 2,800 sq.ft.	$1,695,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.79% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: -1.79%
13433 Torch River Rd Rapid City, MI 13433 Torch River Rd, Rapid City, MI 49679 \| Single Family Residential	3 beds \| 2 baths \| 2,800 sq.ft.	$1,695,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.79% Airbnb Rental Income: $null Traditional Rental Income: $1333 Airbnb ROI: N/A Traditional ROI: -1.79%
13019 Elk Tip Dr Rapid City, MI 13019 Elk Tip Dr, Rapid City, MI 49676 \| Single Family Residential	3 beds \| 2 baths \| 1,626 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.71% Airbnb Rental Income: $null Traditional Rental Income: $2218 Airbnb ROI: N/A Traditional ROI: 2.71%
12871 Torch River Rd Rapid City, MI 12871 Torch River Rd, Rapid City, MI 49676 \| Other	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.37% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -0.37%
5882 Crystal Beach Rd Rapid City, MI 5882 Crystal Beach Rd, Rapid City, MI 49676 \| Single Family Residential	7 beds \| 2 baths \| 1,920 sq.ft.	$2,490,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.53% Airbnb Rental Income: $null Traditional Rental Income: $2405 Airbnb ROI: N/A Traditional ROI: -1.53%

Real Estate investment in Rapid-city, MI

There are 39 properties for sale in the city of Rapid City . The median list price in Rapid City is $404,950 and the average price per square foot is $187. In March 2026, the average monthly cash on cash return in Rapid City is 3.00%. The average monthly rental income in Rapid City is $1,333.

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

There are 39 investment properties available for sale in Rapid-city.

In 2026, the best neighborhood to buy investment property is Rapid City.

The ROI for Short-Term is higher than the Long-Term in Rapid-city with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, MI

12134 Jonathon Dr

Rapid City, MI

4 beds | 2 baths | 1,700 sq.ft.

$374,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2972

Airbnb ROI: N/A

Traditional ROI: 6.78%

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%

6483 W Plum Valley Rd NW

Rapid City, MI

1 beds | 1 baths | 866 sq.ft.

$990,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.2%

Airbnb Rental Income: $null

Traditional Rental Income: $1395

Airbnb ROI: N/A

Traditional ROI: 0.2%

11888 Hickin Rd

Rapid City, MI

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

$375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2525

Airbnb ROI: N/A

Traditional ROI: 5.04%

13433 Torch River Road

Rapid City, MI

3 beds | 3 baths | 2,800 sq.ft.

$1,795,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.4%

Airbnb Rental Income: $null

Traditional Rental Income: $3410

Airbnb ROI: N/A

Traditional ROI: 0.4%

7515 Crystal Beach Rd

Rapid City, MI

4 beds | 2 baths | 1,400 sq.ft.

$890,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2537

Airbnb ROI: N/A

Traditional ROI: 1.25%

6993 NW Aarwood Rd

Rapid City, MI

4 beds | 3 baths | 3,554 sq.ft.

$1,650,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.58%

Airbnb Rental Income: $null

Traditional Rental Income: $3694

Airbnb ROI: N/A

Traditional ROI: 0.58%

12800 & 12862 Cherry Avenue

Rapid City, MI

N/A beds | N/A baths | 9,501 sq.ft.

$1,600,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2188

Airbnb ROI: N/A