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: -0.34% Traditional cash on cash: 6.54% Airbnb Rental Income: $1019 Traditional Rental Income: $3871 Airbnb ROI: -0.34% 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: 0.34% Traditional cash on cash: 6.78% Airbnb Rental Income: $1076 Traditional Rental Income: $2019 Airbnb ROI: 0.34% Traditional ROI: 6.78%
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: -0.42% Traditional cash on cash: 7.35% Airbnb Rental Income: $1019 Traditional Rental Income: $2631 Airbnb ROI: -0.42% Traditional ROI: 7.35%
2249 E Ferry Street Shelby, MI This move in ready home offers comfort and potential. The interior features a welcoming li...	2 beds \| 1 baths \| 741 sq.ft.	$180,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 7.16% Airbnb Rental Income: $774 Traditional Rental Income: $1531 Airbnb ROI: 0.88% Traditional ROI: 7.16%
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: -1.5% Traditional cash on cash: 0.65% Airbnb Rental Income: $1076 Traditional Rental Income: $3306 Airbnb ROI: -1.5% 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: 0.86% Traditional cash on cash: 7.22% Airbnb Rental Income: $1076 Traditional Rental Income: $2479 Airbnb ROI: 0.86% Traditional ROI: 7.22%
2680 S 132nd Avenue Shelby, MI Welcome to this charming 2-bedroom, 1-bath home built in 2019, located in the peaceful set...	2 beds \| 1 baths \| 823 sq.ft.	$379,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 2.82% Airbnb Rental Income: $774 Traditional Rental Income: $1718 Airbnb ROI: -0.72% Traditional ROI: 2.82%
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%
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: 1.58% Traditional cash on cash: 7.64% Airbnb Rental Income: $1076 Traditional Rental Income: $1856 Airbnb ROI: 1.58% Traditional ROI: 7.64%
193 Devonwood Drive Shelby, MI Beautifully built 2-bedroom, 2-bath condo featuring a full walkout basement and attached g...	2 beds \| 2 baths \| 1,142 sq.ft.	$215,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 9.81% Airbnb Rental Income: $774 Traditional Rental Income: $2749 Airbnb ROI: -1.44% Traditional ROI: 9.81%
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: 0.19% Traditional cash on cash: 7.46% Airbnb Rental Income: $1076 Traditional Rental Income: $2357 Airbnb ROI: 0.19% 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: 2.17% Traditional cash on cash: 10.38% Airbnb Rental Income: $1076 Traditional Rental Income: $2000 Airbnb ROI: 2.17% Traditional ROI: 10.38%
4279 Scenic Drive Shelby, MI 4279 S Scenic Dr offers a rare opportunity to own a modernized retreat in the prestigious ...	2 beds \| 1 baths \| 847 sq.ft.	$219,900	Airbnb cash on cash: 0.05% Traditional cash on cash: 5.38% Airbnb Rental Income: $774 Traditional Rental Income: $1566 Airbnb ROI: 0.05% Traditional ROI: 5.38%
586 W Buchanan Road Shelby, MI Welcome to this warm and inviting ranch-style home set on 2 peaceful acres, featuring a wa...	2 beds \| 2 baths \| 2,445 sq.ft.	$350,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 6.65% Airbnb Rental Income: $774 Traditional Rental Income: $2626 Airbnb ROI: 0.05% Traditional ROI: 6.65%

Real Estate investment in Shelby, MI

There are 21 properties for sale in the city of Shelby . The median list price in Shelby is $221,950 and the average price per square foot is $147. In April 2026, the average monthly cash on cash return in Shelby is 7.00%. The average monthly rental income in Shelby is $2,308.

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

There are 21 investment properties available for sale in Shelby.

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

The ROI for Short-Term is higher than the Long-Term in Shelby with average rental income of $1,076.

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: -0.34%

Traditional cash on cash: 6.54%

Airbnb Rental Income: $1019

Traditional Rental Income: $3871

Airbnb ROI: -0.34%

Traditional ROI: 6.54%

251 Stonecrest Drive

Shelby, MI

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

$214,900

Airbnb cash on cash: 0.34%

Traditional cash on cash: 6.78%

Airbnb Rental Income: $1076

Traditional Rental Income: $2019

Airbnb ROI: 0.34%

Traditional ROI: 6.78%

277 Aspen Hill Drive

Shelby, MI

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

$269,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1019

Traditional Rental Income: $2631

Airbnb ROI: -0.42%

Traditional ROI: 7.35%

2249 E Ferry Street

Shelby, MI

2 beds | 1 baths | 741 sq.ft.

$180,000

Airbnb cash on cash: 0.88%

Traditional cash on cash: 7.16%

Airbnb Rental Income: $774

Traditional Rental Income: $1531

Airbnb ROI: 0.88%

Traditional ROI: 7.16%

313 S Stone Church

Shelby, MI

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

$1,300,000

Airbnb cash on cash: -1.5%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $1076

Traditional Rental Income: $3306

Airbnb ROI: -1.5%

Traditional ROI: 0.65%

1723 W Warren Road

Shelby, MI

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

$295,900

Airbnb cash on cash: 0.86%

Traditional cash on cash: 7.22%

Airbnb Rental Income: $1076

Traditional Rental Income: $2479

Airbnb ROI: 0.86%

Traditional ROI: 7.22%

2680 S 132nd Avenue

Shelby, MI

2 beds | 1 baths | 823 sq.ft.

$379,900

Airbnb cash on cash: -0.72%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $774

Traditional Rental Income: $1718

Airbnb ROI: -0.72%

Traditional ROI: 2.82%

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