Real Estate Investment Properties for Sale in Shelby, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3801 W Woodrow Road Shelby, MI Welcome to this charming ranch retreat on 2 acres, featuring an attached garage, circle dr...	2 beds \| 2 baths \| 1,456 sq.ft.	$299,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 5.13% Airbnb Rental Income: $2920 Traditional Rental Income: $2166 Airbnb ROI: 5.4% Traditional ROI: 5.13%
2845 S Oceana Drive Shelby, MI This 3 Bedroom home on a double lot is conveniently located close to schools, shopping and...	3 beds \| 1 baths \| 1,329 sq.ft.	$199,900	Airbnb cash on cash: 5.72% Traditional cash on cash: 7.64% Airbnb Rental Income: $2018 Traditional Rental Income: $1856 Airbnb ROI: 5.72% Traditional ROI: 7.64%
193 Devonwood Drive Shelby, MI This is not a drive by. This must see newly constructed home is bright and pleasant. 2-bed...	2 beds \| 2 baths \| 1,136 sq.ft.	$213,500	Airbnb cash on cash: 7.39% Traditional cash on cash: 9.89% Airbnb Rental Income: $2920 Traditional Rental Income: $2749 Airbnb ROI: 7.39% Traditional ROI: 9.89%
2509 S 40th Avenue Shelby, MI Custom New Construction in Benona Township, secluded country living only a few miles to Si...	3 beds \| 2 baths \| 1,568 sq.ft.	$450,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 2.98% Airbnb Rental Income: $2018 Traditional Rental Income: $2413 Airbnb ROI: 0.79% Traditional ROI: 2.98%
4566 S Lakeview Drive Shelby, MI INCREDIBLE LAKE MICHIGAN VIEWS AND DEEDED FRONTAGE! Welcome Home to 4566 S Lakeview in She...	4 beds \| N/A baths \| 2,580 sq.ft.	$829,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.27% Airbnb Rental Income: $1941 Traditional Rental Income: $3080 Airbnb ROI: 0.14% Traditional ROI: 2.27%
7570 W Warren Road Shelby, MI Newly built barndominium, currently about 50% complete. This spacious home offers over 3,0...	4 beds \| N/A baths \| 3,200 sq.ft.	$509,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 6.39% Airbnb Rental Income: $1941 Traditional Rental Income: $3871 Airbnb ROI: 1.26% Traditional ROI: 6.39%
826 W Shelby Road Shelby, MI Discover a rare opportunity to own 128.5 acres of beautiful, versatile land in the heart o...	4 beds \| N/A baths \| 2,696 sq.ft.	$950,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 2.5% Airbnb Rental Income: $1941 Traditional Rental Income: $3371 Airbnb ROI: 0.3% Traditional ROI: 2.5%
277 Aspen Hill Drive Shelby, MI Welcome to Shelby Acres, The Aspen. This beautifully designed 4 bedroom, 2-bath home where...	4 beds \| 2 baths \| 1,706 sq.ft.	$269,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 7.35% Airbnb Rental Income: $1941 Traditional Rental Income: $2631 Airbnb ROI: 2.61% Traditional ROI: 7.35%
279 Aspen Hill Drive Shelby, MI Welcome to the Maple, our newest model! This newly constructed ranch home sits in the love...	3 beds \| 2 baths \| 1,136 sq.ft.	$199,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 8.51% Airbnb Rental Income: $2018 Traditional Rental Income: $2208 Airbnb ROI: 4.72% Traditional ROI: 8.51%
258 Willowside Drive Shelby, MI As you enter the ''The Tamarack'' enjoy the cozy yet open layout with spacious fully equip...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 8.31% Airbnb Rental Income: $2018 Traditional Rental Income: $2322 Airbnb ROI: 4.22% Traditional ROI: 8.31%
230 Elliott Street Shelby, MI Welcome to this inviting 4-bedroom, 2.5-bathroom home that blends rustic charm with modern...	4 beds \| N/A baths \| 2,891 sq.ft.	$439,999	Airbnb cash on cash: 1.74% Traditional cash on cash: 6.38% Airbnb Rental Income: $1941 Traditional Rental Income: $3342 Airbnb ROI: 1.74% Traditional ROI: 6.38%
250 Willowside Shelby, MI Welcome to Shelby Acres! This new development will offer beautiful land affordable 3, or 4...	3 beds \| 2 baths \| 1,330 sq.ft.	$214,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 8.02% Airbnb Rental Income: $2018 Traditional Rental Income: $2374 Airbnb ROI: 3.67% Traditional ROI: 8.02%
151 E Shelby Road Shelby, MI Fully updated 1990 single wide retreat on ~16 private acres east of Shelby. The rolling pr...	2 beds \| 1 baths \| 924 sq.ft.	$279,900	Airbnb cash on cash: 6.78% Traditional cash on cash: 3.96% Airbnb Rental Income: $2920 Traditional Rental Income: $1501 Airbnb ROI: 6.78% Traditional ROI: 3.96%
259 Stonecrest Drive Shelby, MI Welcome to Shelby Acres, The Elm. Here functionality meets comfort in a home that is both ...	3 beds \| 2 baths \| 1,446 sq.ft.	$234,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 7.55% Airbnb Rental Income: $2018 Traditional Rental Income: $2321 Airbnb ROI: 3.81% Traditional ROI: 7.55%
2094 S 88th Avenue Shelby, MI Welcome to 2094 S 88th Ave, a 4-bed, 3-bath ranch set on 10 secluded, wooded acres in Shel...	4 beds \| 3 baths \| 2,502 sq.ft.	$339,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 7.77% Airbnb Rental Income: $1941 Traditional Rental Income: $3130 Airbnb ROI: 2.45% Traditional ROI: 7.77%
518 S 44th Avenue Shelby, MI Discover the perfect blend of space, privacy, and comfort on this 20-acre Benona Township ...	3 beds \| 2 baths \| 2,863 sq.ft.	$499,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 4.1% Airbnb Rental Income: $2018 Traditional Rental Income: $2698 Airbnb ROI: 1.52% Traditional ROI: 4.1%
1775 S Glen Road Shelby, MI Experience the serenity of this fully furnished Lake Michigan cottage in Forest Dunes, an ...	4 beds \| 3 baths \| 2,412 sq.ft.	$1,300,000	Airbnb cash on cash: -1% Traditional cash on cash: 0.58% Airbnb Rental Income: $1941 Traditional Rental Income: $3336 Airbnb ROI: -1% Traditional ROI: 0.58%
109 E 5th Street Shelby, MI Shelby Gem! Just listed: 4 bed, 1 bath home at 109 E 5th St on a corner lot! Features a ne...	4 beds \| 1 baths \| 1,578 sq.ft.	$180,000	Airbnb cash on cash: 6.04% Traditional cash on cash: 9.16% Airbnb Rental Income: $1941 Traditional Rental Income: $1963 Airbnb ROI: 6.04% Traditional ROI: 9.16%
Devonwood lot: 4 Shelby, MI Brand new construction for a great price, Estimated January 2025 for completion. This is a...	3 beds \| 2 baths \| 1,289 sq.ft.	$239,900	Airbnb cash on cash: 3.65% Traditional cash on cash: 7.46% Airbnb Rental Income: $2018 Traditional Rental Income: $2357 Airbnb ROI: 3.65% Traditional ROI: 7.46%
741 E Shelby Road Shelby, MI Discover the ultimate outdoor lifestyle at this unique property. Imagine waking up to the ...	3 beds \| 1 baths \| 1,875 sq.ft.	$164,900	Airbnb cash on cash: 7.16% Traditional cash on cash: 10.38% Airbnb Rental Income: $2018 Traditional Rental Income: $2000 Airbnb ROI: 7.16% Traditional ROI: 10.38%

Real Estate investment in Shelby, MI

There are 20 properties for sale in the city of Shelby . The median list price in Shelby is $236,950 and the average price per square foot is $135. In December 2025, the average monthly cash on cash return in Shelby is 8.00%. The average monthly rental income in Shelby is $2,366.

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

There are 20 investment properties available for sale in Shelby.

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

The ROI for Long-Term is higher than the Short-Term in Shelby with average rental income of $2,366.

Your search for investment property begins and ends here

Investment Property for Sale in Shelby, MI

3801 W Woodrow Road

Shelby, MI

2 beds | 2 baths | 1,456 sq.ft.

$299,000

Airbnb cash on cash: 5.4%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $2920

Traditional Rental Income: $2166

Airbnb ROI: 5.4%

Traditional ROI: 5.13%

2845 S Oceana Drive

Shelby, MI

3 beds | 1 baths | 1,329 sq.ft.

$199,900

Airbnb cash on cash: 5.72%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $2018

Traditional Rental Income: $1856

Airbnb ROI: 5.72%

Traditional ROI: 7.64%

193 Devonwood Drive

Shelby, MI

2 beds | 2 baths | 1,136 sq.ft.

$213,500

Airbnb cash on cash: 7.39%

Traditional cash on cash: 9.89%

Airbnb Rental Income: $2920

Traditional Rental Income: $2749

Airbnb ROI: 7.39%

Traditional ROI: 9.89%

2509 S 40th Avenue

Shelby, MI

3 beds | 2 baths | 1,568 sq.ft.

$450,000

Airbnb cash on cash: 0.79%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $2018

Traditional Rental Income: $2413

Airbnb ROI: 0.79%

Traditional ROI: 2.98%

4566 S Lakeview Drive

Shelby, MI

4 beds | N/A baths | 2,580 sq.ft.

$829,900

Airbnb cash on cash: 0.14%

Traditional cash on cash: 2.27%

Airbnb Rental Income: $1941

Traditional Rental Income: $3080

Airbnb ROI: 0.14%

Traditional ROI: 2.27%

7570 W Warren Road

Shelby, MI

4 beds | N/A baths | 3,200 sq.ft.

$509,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 6.39%

Airbnb Rental Income: $1941

Traditional Rental Income: $3871

Airbnb ROI: 1.26%

Traditional ROI: 6.39%

826 W Shelby Road

Shelby, MI

4 beds | N/A baths | 2,696 sq.ft.

$950,000

Airbnb cash on cash: 0.3%

Traditional cash on cash: 2.5%

Airbnb Rental Income: $1941

Traditional Rental Income: $3371

Airbnb ROI: 0.3%

Traditional ROI: 2.5%

277 Aspen Hill Drive

Shelby, MI

4 beds | 2 baths | 1,706 sq.ft.

$269,000

Airbnb cash on cash: 2.61%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1941

Traditional Rental Income: $2631

Airbnb ROI: 2.61%