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
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%
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%
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%
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%
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%
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%
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%
711 N Center St Northville, MI TO BE BUILT. TAKING PRELIMINARY RESERVATIONS. INTRODUCING THE NORTHVILLE HILL LUXURY TOWNH...	3 beds \| 3 baths \| 3,208 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $3333 Airbnb ROI: N/A Traditional ROI: 0.54%
22795 Almond Eastpointe, MI Looking for more square footage and easy move-in? Well take a look here! This bungalow off...	3 beds \| 1 baths \| 1,357 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.89% Airbnb Rental Income: $null Traditional Rental Income: $1700 Airbnb ROI: N/A Traditional ROI: 10.89%
2400 TROON SOUTH Bellaire, MI Experience effortless Up North living in this luxury 1-bedroom condotel at Cedar River Lod...	1 beds \| 1 baths \| 656 sq.ft.	$139,000	Airbnb cash on cash: -5.36% Traditional cash on cash: 1.51% Airbnb Rental Income: $491 Traditional Rental Income: $1136 Airbnb ROI: -5.36% Traditional ROI: 1.51%
5811 East Village Drive Bellaire, MI Located in the heart of Bellaireâs ski village, this architecturally distinct mid-centur...	4 beds \| 3 baths \| 1,970 sq.ft.	$599,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 2.14% Airbnb Rental Income: $2213 Traditional Rental Income: $2709 Airbnb ROI: 0.26% Traditional ROI: 2.14%
4489 Cedarhill Ct Auburn Hills, MI NEW CUSTOM BUILD 2016. First floor Master Suite has travertine flooring, granite vanitie...	3 beds \| 3 baths \| 2,524 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $2722 Airbnb ROI: N/A Traditional ROI: 2.55%
8263 Linda St Warren, MI Ready to move-in 3 Bedroom 1.1 bath ranch. Newer cabinets, hard wood floors, central air u...	3 beds \| 1 baths \| 1,118 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $1265 Airbnb ROI: N/A Traditional ROI: 3.23%
18651 WARWICK Street Detroit, MI Investor special ,very well maintained houses with tenants occupied. Buy it by itself or ...	2 beds \| 1 baths \| 701 sq.ft.	$95,000	Airbnb cash on cash: -1.97% Traditional cash on cash: 11.21% Airbnb Rental Income: $367 Traditional Rental Income: $1338 Airbnb ROI: -1.97% Traditional ROI: 11.21%
543 Shirley Street NE Grand Rapids, MI 4 bedroom, 1.5 bath home on the Northeast side is on the market! The main floor has hardwo...	4 beds \| 2 baths \| 1,675 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $2113 Airbnb ROI: N/A Traditional ROI: 6.63%
336 Raven Street Lapeer, MI Great opportunity on this sharp three bedroom ranch home in Lapeer. Located directly acro...	3 beds \| 1 baths \| 1,012 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.62% Airbnb Rental Income: $null Traditional Rental Income: $1602 Airbnb ROI: N/A Traditional ROI: 7.62%

Real Estate investment in Michigan

There are 21,930 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 21,930 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

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%

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

Traditional ROI: 1.74%

3155 La Salle Drive

Ann Arbor, MI

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%

750 Hazelwood St

Birmingham, MI

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

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