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
6836 NW Aarwood Trail Rapid City, MI Looking for a turn-key short term rental opportunity? Welcome to the Rapid River Retreat- ...	4 beds \| 3 baths \| 2,503 sq.ft.	$784,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.11% Airbnb Rental Income: $2029 Traditional Rental Income: $3485 Airbnb ROI: -0.6% Traditional ROI: 2.11%
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: -0.34% Traditional cash on cash: 1.23% Airbnb Rental Income: $2029 Traditional Rental Income: $3834 Airbnb ROI: -0.34% Traditional ROI: 1.23%
9818 Rapid City Road NW Rapid City, MI Charming Cabin Near Torch Lake Sandbar â Fully Furnished & Move-In Ready! Nestled just ...	2 beds \| 1 baths \| 768 sq.ft.	$225,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.22% Airbnb Rental Income: $960 Traditional Rental Income: $1362 Airbnb ROI: 0.69% Traditional ROI: 4.22%
8924 Cherry Avenue Rapid City, MI Welcome to lake living at its absolute finest. This 5 bed/6 bath home has been completely ...	5 beds \| 5 baths \| 3,220 sq.ft.	$2,980,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.3% Airbnb Rental Income: $null Traditional Rental Income: $4533 Airbnb ROI: N/A Traditional ROI: 0.3%
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: -0.53% Traditional cash on cash: 0.2% Airbnb Rental Income: $1097 Traditional Rental Income: $1395 Airbnb ROI: -0.53% 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: 0.15% Traditional cash on cash: 2.35% Airbnb Rental Income: $1888 Traditional Rental Income: $2443 Airbnb ROI: 0.15% Traditional ROI: 2.35%
11888 Hickin Road Rapid City, MI Three bedroom, two bath home with picture window and deck views of Torch Lake. Open floor ...	3 beds \| 2 baths \| 1,512 sq.ft.	$375,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 5.04% Airbnb Rental Income: $1888 Traditional Rental Income: $2525 Airbnb ROI: 1.8% Traditional ROI: 5.04%
11375 SW Torch Lake Drive Rapid City, MI Motivated Seller - Estate sale and ready to settle quickly. This waterfront, move-in ready...	4 beds \| 2 baths \| 2,072 sq.ft.	$1,399,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.97% Airbnb Rental Income: $2029 Traditional Rental Income: $2971 Airbnb ROI: -0.16% Traditional ROI: 0.97%
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: 2.02% Traditional cash on cash: 4.43% Airbnb Rental Income: $1888 Traditional Rental Income: $2284 Airbnb ROI: 2.02% 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.	$225,000	Airbnb cash on cash: 4.32% Traditional cash on cash: 10.34% Airbnb Rental Income: $1888 Traditional Rental Income: $2667 Airbnb ROI: 4.32% Traditional ROI: 10.34%
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.	$1,895,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 0.33% Airbnb Rental Income: $1888 Traditional Rental Income: $3410 Airbnb ROI: -0.82% Traditional ROI: 0.33%
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.	$229,900	Airbnb cash on cash: 4.73% Traditional cash on cash: 7.2% Airbnb Rental Income: $1888 Traditional Rental Income: $1923 Airbnb ROI: 4.73% Traditional ROI: 7.2%
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: 5.58% Traditional cash on cash: 10.89% Airbnb Rental Income: $2029 Traditional Rental Income: $2602 Airbnb ROI: 5.58% 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: 5.41% Traditional cash on cash: 10.59% Airbnb Rental Income: $2029 Traditional Rental Income: $2605 Airbnb ROI: 5.41% 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: 0.4% Traditional cash on cash: 2.83% Airbnb Rental Income: $1888 Traditional Rental Income: $3085 Airbnb ROI: 0.4% 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.	$525,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.95% Airbnb Rental Income: $960 Traditional Rental Income: $2949 Airbnb ROI: -0.82% Traditional ROI: 3.95%
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.	$1,090,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.84% Airbnb Rental Income: $2029 Traditional Rental Income: $2537 Airbnb ROI: -0.18% Traditional ROI: 0.84%
9431 SHELLWAY DRIVE Rapid City, MI Torch River home, perfect location on the river but off the main channel for less traffic...	3 beds \| 3 baths \| 1,859 sq.ft.	$899,900	Airbnb cash on cash: -0.99% Traditional cash on cash: 1.26% Airbnb Rental Income: $1888 Traditional Rental Income: $3272 Airbnb ROI: -0.99% Traditional ROI: 1.26%
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: 2.62% Traditional cash on cash: 5.85% Airbnb Rental Income: $1888 Traditional Rental Income: $2296 Airbnb ROI: 2.62% 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.	$395,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.06% Airbnb Rental Income: $960 Traditional Rental Income: $1841 Airbnb ROI: -0.26% Traditional ROI: 3.06%
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: -0.13% Traditional cash on cash: 2.61% Airbnb Rental Income: $1888 Traditional Rental Income: $2859 Airbnb ROI: -0.13% Traditional ROI: 2.61%

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 $525,000 and the average price per square foot is $298. In September 2025, the average monthly cash on cash return in Rapid City is 3.00%. The average monthly rental income in Rapid City is $2,605.

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 Short-Term is higher than the Long-Term in Rapid-city with average rental income of $1,888.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, MI

6836 NW Aarwood Trail

Rapid City, MI

4 beds | 3 baths | 2,503 sq.ft.

$784,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $2029

Traditional Rental Income: $3485

Airbnb ROI: -0.6%

Traditional ROI: 2.11%

8112 LAKESIDE TRAIL

Rapid City, MI

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

$1,599,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2029

Traditional Rental Income: $3834

Airbnb ROI: -0.34%

Traditional ROI: 1.23%

9818 Rapid City Road NW

Rapid City, MI

2 beds | 1 baths | 768 sq.ft.

$225,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $960

Traditional Rental Income: $1362

Airbnb ROI: 0.69%

Traditional ROI: 4.22%

8924 Cherry Avenue

Rapid City, MI

5 beds | 5 baths | 3,220 sq.ft.

$2,980,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.3%

Airbnb Rental Income: $null

Traditional Rental Income: $4533

Airbnb ROI: N/A

Traditional ROI: 0.3%

6483 W PLUM VALLEY ROAD NW

Rapid City, MI

1 beds | 1 baths | 866 sq.ft.

$990,000

Airbnb cash on cash: -0.53%

Traditional cash on cash: 0.2%

Airbnb Rental Income: $1097

Traditional Rental Income: $1395

Airbnb ROI: -0.53%

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: 0.15%

Traditional cash on cash: 2.35%

Airbnb Rental Income: $1888

Traditional Rental Income: $2443

Airbnb ROI: 0.15%

Traditional ROI: 2.35%

11888 Hickin Road

Rapid City, MI

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

$375,000

Airbnb cash on cash: 1.8%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $1888

Traditional Rental Income: $2525

Airbnb ROI: 1.8%

Traditional ROI: 5.04%

11375 SW Torch Lake Drive

Rapid City, MI

4 beds | 2 baths | 2,072 sq.ft.

$1,399,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 0.97%

Airbnb Rental Income: $2029

Traditional Rental Income: $2971

Airbnb ROI: -0.16%