Real Estate Investment Properties for Sale in Saranac, MI

Looking for investment property in Saranac, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8198 Morrison Lake Gardens Saranac, MI Lifestyle is the word. Cozy 2BR cottage awaits on all-sports Morrison Lake in Saranac, Mic...	2 beds \| 1 baths \| 1,176 sq.ft.	$240,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 4.42% Airbnb Rental Income: $1006 Traditional Rental Income: $1681 Airbnb ROI: -0.12% Traditional ROI: 4.42%
6390 Lakeshore Dr Saranac, MI Fishing stories, gatherings with friends and making memories. No better plan than this am...	3 beds \| 3 baths \| 2,014 sq.ft.	$635,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.92% Airbnb Rental Income: $null Traditional Rental Income: $3055 Airbnb ROI: N/A Traditional ROI: 2.92%
6859 Paradise Park Saranac, MI Welcome to 6859 Paradise Park in Saranac, Michigan, a beautifully maintained 4-bedroom, 2-...	4 beds \| 2 baths \| 2,495 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.67% Airbnb Rental Income: $null Traditional Rental Income: $2827 Airbnb ROI: N/A Traditional ROI: 7.67%
7192 Morrison Lake Rd Saranac, MI Custom built executive walkout ranch on 1.4 acres with an incredible 230' of private front...	5 beds \| 3 baths \| 4,034 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.55% Airbnb Rental Income: $null Traditional Rental Income: $4157 Airbnb ROI: N/A Traditional ROI: 3.55%
5272 Marvie Dr Saranac, MI Welcome to this brand-new construction home, built with a commitment to quality that goes ...	4 beds \| 2 baths \| 2,156 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.67% Airbnb Rental Income: $null Traditional Rental Income: $2379 Airbnb ROI: N/A Traditional ROI: 4.67%
5650 Morrison Lake Rd Saranac, MI 5650 Morrison Lake Rd, Saranac, MI 48881 \| Other	N/A beds \| N/A baths \| N/A	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.87% Airbnb Rental Income: $null Traditional Rental Income: $537 Airbnb ROI: N/A Traditional ROI: -0.87%
8198 Morrison Lake Gdns Saranac, MI 8198 Morrison Lake Gdns, Saranac, MI 48881 \| Single Family Residential	2 beds \| 1 baths \| 1,176 sq.ft.	$240,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.54% Airbnb Rental Income: $1006 Traditional Rental Income: $1107 Airbnb ROI: -0.47% Traditional ROI: 1.54%
7127 Grand River Ave Saranac, MI 7127 Grand River Ave, Saranac, MI 48881 \| Multi Family	4 beds \| 2 baths \| 1,728 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $2156 Airbnb ROI: N/A Traditional ROI: 3.5%
7127 Grand River Saranac, MI Located just south of Saranac MI, this unique duplex offers two completely separate homes ...	4 beds \| 2 baths \| 1,728 sq.ft.	$364,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 4.05% Airbnb Rental Income: $1006 Traditional Rental Income: $2345 Airbnb ROI: -0.9% Traditional ROI: 4.05%
0 Sayles Rd Saranac, MI 0 Sayles Rd, Saranac, MI 48881 \| Other	N/A beds \| N/A baths \| N/A	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.47% Airbnb Rental Income: $null Traditional Rental Income: $626 Airbnb ROI: N/A Traditional ROI: -0.47%
V/L Janet Dr Parcel 6 Saranac, MI V/L Janet Dr Parcel 6, Saranac, MI 48881 \| Other	N/A beds \| N/A baths \| N/A	$141,220	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $643 Airbnb ROI: N/A Traditional ROI: 1.56%
4550 Morrison Lake Road Saranac, MI Welcome to this beautifully renovated Mid-Century Modern retreat offering the perfect blen...	3 beds \| 2 baths \| 1,848 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.13% Airbnb Rental Income: $null Traditional Rental Income: $2310 Airbnb ROI: N/A Traditional ROI: 3.13%
320 E Main Street Saranac, MI Adorable and move in ready! This charming 2 bedroom, 1 bath ranch offers nearly 1,500 sq. ...	2 beds \| 1 baths \| 1,457 sq.ft.	$200,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.41% Airbnb Rental Income: $1006 Traditional Rental Income: $1104 Airbnb ROI: 1.02% Traditional ROI: 3.41%
350 Mill Street Saranac, MI Opportunities like this don't sit around--especially in the Village of Saranac.This 3-bedr...	3 beds \| 2 baths \| 1,588 sq.ft.	$298,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $2109 Airbnb ROI: N/A Traditional ROI: 4.78%
5397 Crooked Crk Road Saranac, MI Builders own walkout ranch with heated 30 x 32 pole barn on spectacular 2 acre lot overloo...	3 beds \| 4 baths \| 2,756 sq.ft.	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.12% Airbnb Rental Income: $null Traditional Rental Income: $3268 Airbnb ROI: N/A Traditional ROI: 5.12%
6805 Morrison Lake Road Saranac, MI Welcome to 6805 Morrison Lake Road -- luxury ranch living at its finest! This stunning 4-b...	4 beds \| 3 baths \| 1,926 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.6% Airbnb Rental Income: $null Traditional Rental Income: $2087 Airbnb ROI: N/A Traditional ROI: 3.6%
139 S Vosper Street Saranac, MI Welcome Home to this lovely home tucked away in the quaint Village of Saranac. Enter in th...	3 beds \| 2 baths \| 2,647 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.82% Airbnb Rental Income: $null Traditional Rental Income: $2598 Airbnb ROI: N/A Traditional ROI: 5.82%
8220 Morrison Lake Gardens Saranac, MI You are going to fall in love with this picture perfect lake cottage on all sports Morriso...	2 beds \| 1 baths \| 880 sq.ft.	$425,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.73% Airbnb Rental Income: $1006 Traditional Rental Income: $1543 Airbnb ROI: -0.52% Traditional ROI: 1.73%
6817 Paradise Park Saranac, MI Discover the peak of luxury waterfront living on the shores of beautiful Morrison Lake. Th...	4 beds \| 3 baths \| 3,190 sq.ft.	$995,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.44% Airbnb Rental Income: $null Traditional Rental Income: $3170 Airbnb ROI: N/A Traditional ROI: 1.44%

Real Estate investment in Saranac, MI

There are 19 properties for sale in the city of Saranac . The median list price in Saranac is $364,900 and the average price per square foot is $178. In June 2026, the average monthly cash on cash return in Saranac is 3.00%. The average monthly rental income in Saranac is $2,156.

Saranac, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 19 investment properties available for sale in Saranac.

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

The ROI for Short-Term is higher than the Long-Term in Saranac with average rental income of $1,006.

Your search for investment property begins and ends here

Investment Property for Sale in Saranac, MI

8198 Morrison Lake Gardens

Saranac, MI

2 beds | 1 baths | 1,176 sq.ft.

$240,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 4.42%

Airbnb Rental Income: $1006

Traditional Rental Income: $1681

Airbnb ROI: -0.12%

Traditional ROI: 4.42%

6390 Lakeshore Dr

Saranac, MI

3 beds | 3 baths | 2,014 sq.ft.

$635,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.92%

Airbnb Rental Income: $null

Traditional Rental Income: $3055

Airbnb ROI: N/A

Traditional ROI: 2.92%

6859 Paradise Park

Saranac, MI

4 beds | 2 baths | 2,495 sq.ft.

$289,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2827

Airbnb ROI: N/A

Traditional ROI: 7.67%

7192 Morrison Lake Rd

Saranac, MI

5 beds | 3 baths | 4,034 sq.ft.

$800,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.55%

Airbnb Rental Income: $null

Traditional Rental Income: $4157

Airbnb ROI: N/A

Traditional ROI: 3.55%

5272 Marvie Dr

Saranac, MI

4 beds | 2 baths | 2,156 sq.ft.

$425,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2379

Airbnb ROI: N/A

Traditional ROI: 4.67%

5650 Morrison Lake Rd

Saranac, MI

N/A beds | N/A baths | N/A

$284,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.87%

Airbnb Rental Income: $null

Traditional Rental Income: $537

Airbnb ROI: N/A

Traditional ROI: -0.87%

8198 Morrison Lake Gdns

Saranac, MI

2 beds | 1 baths | 1,176 sq.ft.

$240,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $1006

Traditional Rental Income: $1107

Airbnb ROI: -0.47%

Traditional ROI: 1.54%

7127 Grand River Ave

Saranac, MI

4 beds | 2 baths | 1,728 sq.ft.

$364,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.5%

Airbnb Rental Income: $null

Traditional Rental Income: $2156

Airbnb ROI: N/A