Real Estate Investment Properties for Sale in Waterford, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3560 Dorothy Lane Waterford, MI Beautiful colonial home, ready for your design to finish and make it a home. BATVAI	5 beds \| 2 baths \| 4,200 sq.ft.	$625,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 5.68% Airbnb Rental Income: $3108 Traditional Rental Income: $4881 Airbnb ROI: 1.43% Traditional ROI: 5.68%
1330 Bamford Street Waterford, MI Discover this stunningly renovated home in the heart of Waterford! Boasting 3 bedrooms and...	3 beds \| 2 baths \| 1,397 sq.ft.	$269,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 6.09% Airbnb Rental Income: $1628 Traditional Rental Income: $1985 Airbnb ROI: 2.87% Traditional ROI: 6.09%
7749 Lake Ridge Drive #27 Waterford, MI Don't let days on market scare you away! This is a great value in a Waterford Condominium!...	2 beds \| 2 baths \| 1,240 sq.ft.	$177,900	Airbnb cash on cash: -3.18% Traditional cash on cash: 5.61% Airbnb Rental Income: $712 Traditional Rental Income: $1893 Airbnb ROI: -3.18% Traditional ROI: 5.61%
147 Draper Avenue Waterford, MI This 4 bed, 2bath duplex with 2,301 sq. feet of livings space actually offers a third room...	4 beds \| 2 baths \| 2,301 sq.ft.	$249,500	Airbnb cash on cash: 5.22% Traditional cash on cash: 6.96% Airbnb Rental Income: $2841 Traditional Rental Income: $2589 Airbnb ROI: 5.22% Traditional ROI: 6.96%
7622 Woodview Drive Waterford, MI Welcome to this highly sought-after Ranch Condo located in the desirable Lake Ridge Subdiv...	2 beds \| 3 baths \| 956 sq.ft.	$162,500	Airbnb cash on cash: -1.5% Traditional cash on cash: 7.22% Airbnb Rental Income: $712 Traditional Rental Income: $1758 Airbnb ROI: -1.5% Traditional ROI: 7.22%
7000 Villa Drive #7 Waterford, MI Nice and clean two bedroom one bathroom condo in a very desirable area of Waterfront. New ...	2 beds \| 1 baths \| 907 sq.ft.	$105,000	Airbnb cash on cash: -2.72% Traditional cash on cash: 5.56% Airbnb Rental Income: $712 Traditional Rental Income: $1248 Airbnb ROI: -2.72% Traditional ROI: 5.56%
4281 Marcus Road Waterford, MI Welcome home! The open-concept main floor features luxury vinyl plank flooring and a sophi...	3 beds \| 2 baths \| 1,686 sq.ft.	$275,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 5.94% Airbnb Rental Income: $1628 Traditional Rental Income: $2294 Airbnb ROI: 1.6% Traditional ROI: 5.94%
4040 Lark Waterford, MI Enjoy panoramic views of Watkins Lake from this well-maintained home where this family has...	3 beds \| 3 baths \| 2,048 sq.ft.	$729,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.7% Airbnb Rental Income: $1628 Traditional Rental Income: $3144 Airbnb ROI: -0.21% Traditional ROI: 2.7%
2685 Diane Marie Waterford, MI Nestled in a peaceful, close-knit community, this beautifully updated Cape Cod offers the ...	3 beds \| 4 baths \| 1,944 sq.ft.	$415,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.91% Airbnb Rental Income: $1628 Traditional Rental Income: $2737 Airbnb ROI: 0.87% Traditional ROI: 4.91%
7931 Jordan Waterford, MI Welcome to the Parkway Ranch! This spacious 3 bedroom, 2.5 bath split ranch offers 9â ce...	3 beds \| 3 baths \| 1,788 sq.ft.	$504,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 4.32% Airbnb Rental Income: $1628 Traditional Rental Income: $2757 Airbnb ROI: 0.95% Traditional ROI: 4.32%
5510 Berkley Drive Waterford, MI You could spend your summer at Crescent Lake Park when you're not enjoying this spacious 1...	3 beds \| 2 baths \| 1,900 sq.ft.	$389,999	Airbnb cash on cash: 1.37% Traditional cash on cash: 5.01% Airbnb Rental Income: $1628 Traditional Rental Income: $2501 Airbnb ROI: 1.37% Traditional ROI: 5.01%
6354 SALINE Drive Waterford, MI Come check out this cozy ranch. Features 2 bedrooms 1 bath. Detached 2 car garage with wo...	2 beds \| 1 baths \| 1,010 sq.ft.	$139,900	Airbnb cash on cash: -0.08% Traditional cash on cash: 8.27% Airbnb Rental Income: $712 Traditional Rental Income: $1525 Airbnb ROI: -0.08% Traditional ROI: 8.27%
5826 ANDERSONVILLE Road Waterford, MI Historic Multi-family on beautiful private all sports Van Norman Lake. 2500 Square foot b...	N/A beds \| 4 baths \| 2,252 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.27% Airbnb Rental Income: $null Traditional Rental Income: $2716 Airbnb ROI: N/A Traditional ROI: 4.27%
2918 WOODBINE Drive Waterford, MI Stunning Sylvan Lakefront Ranch Home with Spectacular Views and Modern Updates Throughout....	3 beds \| 2 baths \| 1,257 sq.ft.	$695,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 0.47% Airbnb Rental Income: $1628 Traditional Rental Income: $2001 Airbnb ROI: -0.82% Traditional ROI: 0.47%
150 EXMOOR Road Waterford, MI Welcome to 150 Exmoor! This 2002 Built Custom Home has SO MUCH to offer, Grand 2 story f...	3 beds \| 4 baths \| 1,902 sq.ft.	$385,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 4.85% Airbnb Rental Income: $1628 Traditional Rental Income: $2778 Airbnb ROI: 0.39% Traditional ROI: 4.85%
719 SHERYL Drive Waterford, MI Fantastic Home in a charming Waterford neighborhood! 3 Bedrooms \| 2 Full Baths \| Bonus Ro...	3 beds \| 2 baths \| 1,100 sq.ft.	$270,000	Airbnb cash on cash: 2% Traditional cash on cash: 4.65% Airbnb Rental Income: $1628 Traditional Rental Income: $1841 Airbnb ROI: 2% Traditional ROI: 4.65%
7648 WOODVIEW Drive Waterford, MI freshly painted move in condition nice 2 bed 1 bath upper ranch new carpet in the both be...	2 beds \| 1 baths \| 990 sq.ft.	$170,000	Airbnb cash on cash: -2.74% Traditional cash on cash: 3.48% Airbnb Rental Income: $712 Traditional Rental Income: $1412 Airbnb ROI: -2.74% Traditional ROI: 3.48%
180 PINE TREE RIDGE Drive #3 Waterford, MI Lowered 10,000 7/30 Nice 2 story Condo for lease tucked back in a quiet sub! Freshly updat...	2 beds \| 2 baths \| 1,034 sq.ft.	$190,000	Airbnb cash on cash: -2.58% Traditional cash on cash: 5.1% Airbnb Rental Income: $712 Traditional Rental Income: $1791 Airbnb ROI: -2.58% Traditional ROI: 5.1%
2361 Montroyal Avenue Waterford, MI WOW! New incredible price and so much to offer! 3 Bedrooms, 2 full baths, Remodeled kitche...	3 beds \| 2 baths \| 1,160 sq.ft.	$259,911	Airbnb cash on cash: 2.49% Traditional cash on cash: 5.53% Airbnb Rental Income: $1628 Traditional Rental Income: $1915 Airbnb ROI: 2.49% Traditional ROI: 5.53%
4390 Cass Elizabeth Road Waterford, MI This lake front home on Elizabeth Lake offers more than meets the eye. This almost 3000 s...	4 beds \| 3 baths \| 2,996 sq.ft.	$569,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 0.16% Airbnb Rental Income: $2841 Traditional Rental Income: $2629 Airbnb ROI: -0.68% Traditional ROI: 0.16%
6863 Brightwood Court Waterford, MI Welcome to your Dream Lake Retreat! Nestled on the serene Canal of Williams Lake, this bea...	3 beds \| 2 baths \| 1,680 sq.ft.	$599,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.84% Airbnb Rental Income: $1628 Traditional Rental Income: $2588 Airbnb ROI: -0.7% Traditional ROI: 1.84%
3871 Coventry Valley Drive Waterford, MI Welcome to 3871 Coventry Valley, ideally located in one of Waterfordâs most desirable ne...	3 beds \| 2 baths \| 1,480 sq.ft.	$274,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 6.21% Airbnb Rental Income: $1628 Traditional Rental Income: $2175 Airbnb ROI: 2.33% Traditional ROI: 6.21%
4405 Lamson Drive Waterford, MI Welcome to 4405 Lamson Dr in Waterford â a modern, move-in-ready 3-bedroom, 1-bath split...	3 beds \| 1 baths \| 1,344 sq.ft.	$299,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.57% Airbnb Rental Income: $1628 Traditional Rental Income: $1757 Airbnb ROI: 1.48% Traditional ROI: 3.57%
798 Amberly Drive #B Waterford, MI Why rent when you can own! This beautiful condo located close to shopping and major roads....	2 beds \| 2 baths \| 1,487 sq.ft.	$220,000	Airbnb cash on cash: -2.67% Traditional cash on cash: 5.98% Airbnb Rental Income: $712 Traditional Rental Income: $2206 Airbnb ROI: -2.67% Traditional ROI: 5.98%
7044 Desmond Road Waterford, MI Charming Waterfront Retreat Welcome to your serene escape on the canal leading to all-sp...	2 beds \| 1 baths \| 1,147 sq.ft.	$294,999	Airbnb cash on cash: -0.97% Traditional cash on cash: 4.04% Airbnb Rental Income: $712 Traditional Rental Income: $1796 Airbnb ROI: -0.97% Traditional ROI: 4.04%
1522 Oregon Court Waterford, MI Boats. Decks. Trees. Tranquility â and a seller whoâs motivated and handy. Welcome to ...	3 beds \| 3 baths \| 2,243 sq.ft.	$594,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.63% Airbnb Rental Income: $1628 Traditional Rental Income: $3172 Airbnb ROI: 0.02% Traditional ROI: 3.63%
4675 Charest Avenue Waterford, MI Donât miss your chance to own this 1,500 sq. ft. ranch in a prime location with breathta...	2 beds \| 1 baths \| 1,507 sq.ft.	$539,900	Airbnb cash on cash: -1.24% Traditional cash on cash: 1.46% Airbnb Rental Income: $712 Traditional Rental Income: $1768 Airbnb ROI: -1.24% Traditional ROI: 1.46%
155 Cascade Lane Waterford, MI FOUNTAIN PARK SOUTH offering spacious, beautiful, move-in ready home! Featuring 4 Bedrooms...	4 beds \| 3 baths \| 2,380 sq.ft.	$425,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 4.39% Airbnb Rental Income: $2841 Traditional Rental Income: $2833 Airbnb ROI: 2.74% Traditional ROI: 4.39%
4614 CLAUDIA Drive Waterford, MI Perfectly located on a quiet bay, this spectacular contemporary offers unlimited recreatio...	5 beds \| 4 baths \| 2,841 sq.ft.	$899,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.75% Airbnb Rental Income: $3108 Traditional Rental Income: $3873 Airbnb ROI: 0.99% Traditional ROI: 2.75%
7268 ELIZABETH LAKE Road Waterford, MI Welcome to the stunning new model home at Pleasant Lake Estates â a brand-new, 1,500...	3 beds \| 2 baths \| 1,500 sq.ft.	$424,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 4.3% Airbnb Rental Income: $1628 Traditional Rental Income: $2323 Airbnb ROI: 1.39% Traditional ROI: 4.3%
513 River Ridge Drive Waterford, MI FABULOUS UPDATED RANCH in private sub backs to wooded 300-acre nature preserve with w/Clin...	3 beds \| 3 baths \| 1,440 sq.ft.	$399,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 3.7% Airbnb Rental Income: $1628 Traditional Rental Income: $2307 Airbnb ROI: 0.67% Traditional ROI: 3.7%
3553 Port Cove Drive #39 Waterford, MI Just in time for summer! Enjoy carefree condominium living in a resort-style community on ...	2 beds \| 2 baths \| 1,198 sq.ft.	$319,900	Airbnb cash on cash: -3.43% Traditional cash on cash: 1.34% Airbnb Rental Income: $712 Traditional Rental Income: $1839 Airbnb ROI: -3.43% Traditional ROI: 1.34%
514 Sulley Street Waterford, MI Welcome home to this charming colonial with three bedrooms and one and a half bathrooms. T...	3 beds \| 2 baths \| 1,727 sq.ft.	$317,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 5.05% Airbnb Rental Income: $1628 Traditional Rental Income: $2357 Airbnb ROI: 1.06% Traditional ROI: 5.05%
3559 Port Cove Drive #17 Waterford, MI Public Remarks: Rare Opportunity! Ranch condo in highly sought-after Port Cove Community. ...	2 beds \| 2 baths \| 1,200 sq.ft.	$334,900	Airbnb cash on cash: -4.62% Traditional cash on cash: 0.93% Airbnb Rental Income: $712 Traditional Rental Income: $2151 Airbnb ROI: -4.62% Traditional ROI: 0.93%
7747 Lake Ridge Drive Waterford, MI Welcome to this beautifully maintained 2 bedroom, 1.5 bath condo located in the desirable ...	2 beds \| 2 baths \| 1,000 sq.ft.	$170,000	Airbnb cash on cash: -3.35% Traditional cash on cash: 2.42% Airbnb Rental Income: $712 Traditional Rental Income: $1340 Airbnb ROI: -3.35% Traditional ROI: 2.42%
5835 Forestal Drive Waterford, MI Welcome to this spacious 5-bedroom home located in the peaceful and sought-after Elizabeth...	5 beds \| 2 baths \| 1,728 sq.ft.	$319,900	Airbnb cash on cash: 5.64% Traditional cash on cash: 6.16% Airbnb Rental Income: $3108 Traditional Rental Income: $2559 Airbnb ROI: 5.64% Traditional ROI: 6.16%
3077 Nanwich Drive Waterford, MI Welcome Home! 3 bedroom, 2.5 bathroom Waterford ranch with finished basement and with acce...	3 beds \| 2 baths \| 1,242 sq.ft.	$275,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 4.59% Airbnb Rental Income: $1628 Traditional Rental Income: $1961 Airbnb ROI: 1.53% Traditional ROI: 4.59%
545 Woodbridge Circle Waterford, MI Welcome to this extensively updated tri-level home located on a quiet, low-traffic street ...	3 beds \| 2 baths \| 1,803 sq.ft.	$299,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 6.35% Airbnb Rental Income: $1628 Traditional Rental Income: $2373 Airbnb ROI: 2.07% Traditional ROI: 6.35%
995 North Cass Lake Road #142 Waterford, MI Hey Boomers & Jonesers! Time to unretire and enjoy life in this cozy community of 84 condo...	1 beds \| 1 baths \| 639 sq.ft.	$85,900	Airbnb cash on cash: -2.92% Traditional cash on cash: 5.64% Airbnb Rental Income: $665 Traditional Rental Income: $1086 Airbnb ROI: -2.92% Traditional ROI: 5.64%
425 Hogarth Ave. Waterford, MI New Construction -Premier Floorplan - "Everest" - in Premier Location with Large Wooded Wa...	4 beds \| 3 baths \| 2,438 sq.ft.	$454,900	Airbnb cash on cash: 3.61% Traditional cash on cash: 6% Airbnb Rental Income: $2841 Traditional Rental Income: $3196 Airbnb ROI: 3.61% Traditional ROI: 6%

Real Estate investment in Waterford, MI

There are 141 properties for sale in the city of Waterford . The median list price in Waterford is $289,900 and the average price per square foot is $185. In September 2025, the average monthly cash on cash return in Waterford is 5.00%. The average monthly rental income in Waterford is $2,192.

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

There are 141 investment properties available for sale in Waterford.

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

The ROI for Long-Term is higher than the Short-Term in Waterford with average rental income of $2,192.

Your search for investment property begins and ends here

Investment Property for Sale in Waterford, MI

3560 Dorothy Lane

Waterford, MI

5 beds | 2 baths | 4,200 sq.ft.

$625,000

Airbnb cash on cash: 1.43%

Traditional cash on cash: 5.68%

Airbnb Rental Income: $3108

Traditional Rental Income: $4881

Airbnb ROI: 1.43%

Traditional ROI: 5.68%

1330 Bamford Street

Waterford, MI

3 beds | 2 baths | 1,397 sq.ft.

$269,000

Airbnb cash on cash: 2.87%

Traditional cash on cash: 6.09%

Airbnb Rental Income: $1628

Traditional Rental Income: $1985

Airbnb ROI: 2.87%

Traditional ROI: 6.09%

7749 Lake Ridge Drive #27

Waterford, MI

2 beds | 2 baths | 1,240 sq.ft.

$177,900

Airbnb cash on cash: -3.18%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $712

Traditional Rental Income: $1893

Airbnb ROI: -3.18%

Traditional ROI: 5.61%

147 Draper Avenue

Waterford, MI

4 beds | 2 baths | 2,301 sq.ft.

$249,500

Airbnb cash on cash: 5.22%

Traditional cash on cash: 6.96%

Airbnb Rental Income: $2841

Traditional Rental Income: $2589

Airbnb ROI: 5.22%

Traditional ROI: 6.96%

7622 Woodview Drive

Waterford, MI

2 beds | 3 baths | 956 sq.ft.

$162,500

Airbnb cash on cash: -1.5%

Traditional cash on cash: 7.22%

Airbnb Rental Income: $712

Traditional Rental Income: $1758

Airbnb ROI: -1.5%

Traditional ROI: 7.22%

7000 Villa Drive #7

Waterford, MI

2 beds | 1 baths | 907 sq.ft.

$105,000

Airbnb cash on cash: -2.72%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $712

Traditional Rental Income: $1248

Airbnb ROI: -2.72%

Traditional ROI: 5.56%

4281 Marcus Road

Waterford, MI

3 beds | 2 baths | 1,686 sq.ft.

$275,000

Airbnb cash on cash: 1.6%

Traditional cash on cash: 5.94%

Airbnb Rental Income: $1628

Traditional Rental Income: $2294

Airbnb ROI: 1.6%

Traditional ROI: 5.94%

4040 Lark

Waterford, MI

3 beds | 3 baths | 2,048 sq.ft.

$729,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 2.7%

Airbnb Rental Income: $1628

Traditional Rental Income: $3144

Airbnb ROI: -0.21%