Real Estate Investment Properties for Sale in Shepherd, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5346 S Loomis Road Shepherd, MI Country charm with modern comfort! This updated 3-bedroom (pass through to a large room) ...	3 beds \| 1 baths \| 1,918 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.25% Airbnb Rental Income: $null Traditional Rental Income: $1781 Airbnb ROI: N/A Traditional ROI: 5.25%
308 S 3rd Street Shepherd, MI Check out this completely remodeled home in the village of Shepherd, the sweetest little t...	3 beds \| 2 baths \| 2,900 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2620 Airbnb ROI: N/A Traditional ROI: 5.22%
130 N Chippewa Street Shepherd, MI Welcome to this charming 2-bedroom, 1-bath home perfectly situated on a spacious corner lo...	2 beds \| 1 baths \| 864 sq.ft.	$170,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.68% Airbnb Rental Income: $1178 Traditional Rental Income: $1119 Airbnb ROI: 1.66% Traditional ROI: 3.68%
364 S Chippewa Street Shepherd, MI Set on 1.16 acres inside the village limits of Shepherd, this charming 3-bedroom, 2-bath f...	3 beds \| 2 baths \| 2,313 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.83% Airbnb Rental Income: $null Traditional Rental Income: $2520 Airbnb ROI: N/A Traditional ROI: 6.83%
2063 E Walton Shepherd, MI Welcome to this beautifully maintained 2-bedroom, 2-bath ranch-style home situated on 3 pr...	2 beds \| 2 baths \| 1,650 sq.ft.	$224,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 7.76% Airbnb Rental Income: $1178 Traditional Rental Income: $2282 Airbnb ROI: 0.77% Traditional ROI: 7.76%
310 N Chippewa Street Shepherd, MI Welcome to this charming 3-bedroom, 1-bath home located in a prime spot within an excellen...	3 beds \| 1 baths \| 1,100 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.64% Airbnb Rental Income: $null Traditional Rental Income: $1554 Airbnb ROI: N/A Traditional ROI: 10.64%
4395 W Isabella Road Shepherd, MI This home has the best mix of charm and updates! Inside youâll find 3 bedrooms, 1 bath, ...	3 beds \| 1 baths \| 1,424 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.89% Airbnb Rental Income: $null Traditional Rental Income: $1694 Airbnb ROI: N/A Traditional ROI: 5.89%
429 S Geneva Road Shepherd, MI Discover this custom 3-bedroom home, your own private riverfront retreat! While it is a Sh...	3 beds \| 2 baths \| 1,728 sq.ft.	$289,997	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1677 Airbnb ROI: N/A Traditional ROI: 4.63%
108 N 3rd Street Shepherd, MI * Beautifully Renovated Historic Home in Shepherd * This 3-bedroom, 2.5-bath, 2-story home...	3 beds \| 3 baths \| 2,588 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.85% Airbnb Rental Income: $null Traditional Rental Income: $2845 Airbnb ROI: N/A Traditional ROI: 5.85%
99 N Alamando Road Shepherd, MI If you are looking for QUALITY , look no further than this 3500 square foot custom built h...	4 beds \| 4 baths \| 3,500 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $4302 Airbnb ROI: N/A Traditional ROI: 5.42%
324 N 4th Street Shepherd, MI The complete remodel in the heart of the Village of Shepherd awaits you! Move right in to ...	3 beds \| 2 baths \| 1,400 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2089 Airbnb ROI: N/A Traditional ROI: 6.46%
117 E Wright Avenue Shepherd, MI EVERYTHING IS NEW!! In the heart of downtown Shepherd, lies this gorgeously renovated 3 be...	3 beds \| 2 baths \| 1,820 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.39% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 8.39%

Real Estate investment in Shepherd, MI

There are 12 properties for sale in the city of Shepherd . The median list price in Shepherd is $242,000 and the average price per square foot is $133. In December 2025, the average monthly cash on cash return in Shepherd is 6.00%. The average monthly rental income in Shepherd is $2,056.

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

There are 12 investment properties available for sale in Shepherd.

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

The ROI for Long-Term is higher than the Short-Term in Shepherd with average rental income of $2,056.

Your search for investment property begins and ends here

Investment Property for Sale in Shepherd, MI

5346 S Loomis Road

Shepherd, MI

3 beds | 1 baths | 1,918 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.25%

Airbnb Rental Income: $null

Traditional Rental Income: $1781

Airbnb ROI: N/A

Traditional ROI: 5.25%

308 S 3rd Street

Shepherd, MI

3 beds | 2 baths | 2,900 sq.ft.

$399,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2620

Airbnb ROI: N/A

Traditional ROI: 5.22%

130 N Chippewa Street

Shepherd, MI

2 beds | 1 baths | 864 sq.ft.

$170,000

Airbnb cash on cash: 1.66%

Traditional cash on cash: 3.68%

Airbnb Rental Income: $1178

Traditional Rental Income: $1119

Airbnb ROI: 1.66%

Traditional ROI: 3.68%

364 S Chippewa Street

Shepherd, MI

3 beds | 2 baths | 2,313 sq.ft.

$265,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2520

Airbnb ROI: N/A

Traditional ROI: 6.83%

2063 E Walton

Shepherd, MI

2 beds | 2 baths | 1,650 sq.ft.

$224,900

Airbnb cash on cash: 0.77%

Traditional cash on cash: 7.76%

Airbnb Rental Income: $1178

Traditional Rental Income: $2282

Airbnb ROI: 0.77%

Traditional ROI: 7.76%

310 N Chippewa Street

Shepherd, MI

3 beds | 1 baths | 1,100 sq.ft.

$115,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.64%

Airbnb Rental Income: $null

Traditional Rental Income: $1554

Airbnb ROI: N/A

Traditional ROI: 10.64%

4395 W Isabella Road

Shepherd, MI

3 beds | 1 baths | 1,424 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.89%

Airbnb Rental Income: $null

Traditional Rental Income: $1694

Airbnb ROI: N/A

Traditional ROI: 5.89%

429 S Geneva Road

Shepherd, MI

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

$289,997

Airbnb cash on cash: N/A

Traditional cash on cash: 4.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1677

Airbnb ROI: N/A