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
7570 W Warren Road Shelby, MI Welcome to Lazy Acres. Opportunity, space, and potential come together at this nearly comp...	4 beds \| 3 baths \| 3,200 sq.ft.	$499,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 6.54% Airbnb Rental Income: $998 Traditional Rental Income: $3871 Airbnb ROI: -0.38% Traditional ROI: 6.54%
251 Stonecrest Drive Shelby, MI This like new ranch is located on the beautiful hillside of Shelby Acres. Enjoy the sunset...	3 beds \| 2 baths \| 1,136 sq.ft.	$214,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 6.78% Airbnb Rental Income: $1440 Traditional Rental Income: $2019 Airbnb ROI: 1.83% Traditional ROI: 6.78%
313 S Stone Church Shelby, MI Escape to your own private stretch of Lake Michigan shoreline, where luxury, privacy, and ...	3 beds \| 3 baths \| 2,030 sq.ft.	$1,300,000	Airbnb cash on cash: -1.25% Traditional cash on cash: 0.65% Airbnb Rental Income: $1440 Traditional Rental Income: $3306 Airbnb ROI: -1.25% Traditional ROI: 0.65%
1723 W Warren Road Shelby, MI Discover the perfect blend of comfort, privacy, and natural beauty with this exceptional 3...	3 beds \| 2 baths \| 1,456 sq.ft.	$295,900	Airbnb cash on cash: 1.95% Traditional cash on cash: 7.22% Airbnb Rental Income: $1440 Traditional Rental Income: $2479 Airbnb ROI: 1.95% Traditional ROI: 7.22%
VL 2.83A N Oceana Dr Shelby, MI VL 2.83A N Oceana Dr, Shelby, MI 49455 \| Other	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.79% Airbnb Rental Income: $null Traditional Rental Income: $890 Airbnb ROI: N/A Traditional ROI: 10.79%
268 W Shelby Road Shelby, MI Tucked away on 10 peaceful acres in Oceana County, this charming farmhouse offers the perf...	3 beds \| 2 baths \| 1,770 sq.ft.	$349,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 5.9% Airbnb Rental Income: $1440 Traditional Rental Income: $2524 Airbnb ROI: 1.29% Traditional ROI: 5.9%
85 Northland Crossing Shelby, MI On the edge of the sleepy West Michigan village of Shelby is scenic side street where an i...	3 beds \| 3 baths \| 1,320 sq.ft.	$270,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 6.92% Airbnb Rental Income: $1440 Traditional Rental Income: $2300 Airbnb ROI: 1.86% Traditional ROI: 6.92%
256 Stonecrest Drive Shelby, MI Welcome to Shelby Acres, The Elm. Here functionality meets comfort in a home that is both ...	3 beds \| 2 baths \| 1,362 sq.ft.	$234,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 6.69% Airbnb Rental Income: $1440 Traditional Rental Income: $2130 Airbnb ROI: 1.63% Traditional ROI: 6.69%
285 Aspen Hill Drive Shelby, MI New construction in the beautiful Shelby Acres! Introducing the Chestnut. The much anticip...	2 beds \| 2 baths \| 1,230 sq.ft.	$255,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 5.82% Airbnb Rental Income: $826 Traditional Rental Income: $2101 Airbnb ROI: -0.83% Traditional ROI: 5.82%
287 Aspen Hill Drive Shelby, MI Welcome to the Hemlock! This gorgeous 3-bedroom, 2-bath home with over 1,300 square feet i...	3 beds \| 2 baths \| 1,356 sq.ft.	$279,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 5.85% Airbnb Rental Income: $1440 Traditional Rental Income: $2293 Airbnb ROI: 0.97% Traditional ROI: 5.85%
289 Aspen Hill Drive Shelby, MI Welcome to the Maple! Our most sought after model is back! This beautiful 3 bedroom, 2 bat...	3 beds \| 2 baths \| 1,136 sq.ft.	$209,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 7.78% Airbnb Rental Income: $1440 Traditional Rental Income: $2132 Airbnb ROI: 2.12% Traditional ROI: 7.78%
263 E 6th Shelby, MI Charming, well-maintained, and full of character! This adorable 2-bedroom, 1-bath home is ...	2 beds \| 1 baths \| 763 sq.ft.	$182,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 6.08% Airbnb Rental Income: $826 Traditional Rental Income: $1399 Airbnb ROI: 0.88% Traditional ROI: 6.08%
6588 W Johnson Road Shelby, MI Completely updated farmhouse on 2 acres in Benona Township! This 4 bedroom home features e...	4 beds \| 1 baths \| 1,300 sq.ft.	$275,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 5.16% Airbnb Rental Income: $998 Traditional Rental Income: $1927 Airbnb ROI: 0.2% Traditional ROI: 5.16%
9415 Apache Trail Shelby, MI Just a dreamy home nestled in our favorite dunes overlooking Lake Michigan! Making life me...	4 beds \| 2 baths \| 1,710 sq.ft.	$535,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.74% Airbnb Rental Income: $998 Traditional Rental Income: $1637 Airbnb ROI: -0.24% Traditional ROI: 1.74%
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: 1.53% Traditional cash on cash: 7.46% Airbnb Rental Income: $1440 Traditional Rental Income: $2357 Airbnb ROI: 1.53% Traditional ROI: 7.46%

Real Estate investment in Shelby, MI

There are 16 properties for sale in the city of Shelby . The median list price in Shelby is $247,450 and the average price per square foot is $167. In June 2026, the average monthly cash on cash return in Shelby is 7.00%. The average monthly rental income in Shelby is $2,218.

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

There are 16 investment properties available for sale in Shelby.

In 2026, 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 $2,218.

Your search for investment property begins and ends here

Investment Property for Sale in Shelby, MI

7570 W Warren Road

Shelby, MI

4 beds | 3 baths | 3,200 sq.ft.

$499,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: 6.54%

Airbnb Rental Income: $998

Traditional Rental Income: $3871

Airbnb ROI: -0.38%

Traditional ROI: 6.54%

251 Stonecrest Drive

Shelby, MI

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

$214,900

Airbnb cash on cash: 1.83%

Traditional cash on cash: 6.78%

Airbnb Rental Income: $1440

Traditional Rental Income: $2019

Airbnb ROI: 1.83%

Traditional ROI: 6.78%

313 S Stone Church

Shelby, MI

3 beds | 3 baths | 2,030 sq.ft.

$1,300,000

Airbnb cash on cash: -1.25%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $1440

Traditional Rental Income: $3306

Airbnb ROI: -1.25%

Traditional ROI: 0.65%

1723 W Warren Road

Shelby, MI

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

$295,900

Airbnb cash on cash: 1.95%

Traditional cash on cash: 7.22%

Airbnb Rental Income: $1440

Traditional Rental Income: $2479

Airbnb ROI: 1.95%

Traditional ROI: 7.22%

VL 2.83A N Oceana Dr

Shelby, MI

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

$59,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.79%

Airbnb Rental Income: $null

Traditional Rental Income: $890

Airbnb ROI: N/A

Traditional ROI: 10.79%

268 W Shelby Road

Shelby, MI

3 beds | 2 baths | 1,770 sq.ft.

$349,900

Airbnb cash on cash: 1.29%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1440

Traditional Rental Income: $2524

Airbnb ROI: 1.29%

Traditional ROI: 5.9%

85 Northland Crossing

Shelby, MI

3 beds | 3 baths | 1,320 sq.ft.

$270,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $1440

Traditional Rental Income: $2300

Airbnb ROI: 1.86%

Traditional ROI: 6.92%

256 Stonecrest Drive

Shelby, MI

3 beds | 2 baths | 1,362 sq.ft.

$234,000

Airbnb cash on cash: 1.63%

Traditional cash on cash: 6.69%

Airbnb Rental Income: $1440

Traditional Rental Income: $2130

Airbnb ROI: 1.63%