Real Estate Investment Properties for Sale in Winona Lake, IN

Looking for investment property in Winona Lake, IN with high ROI ?

Explore a variety of short-term homes & houses in Winona Lake, IN. Invest wisely with VRBO & Winona Lake, IN 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 Winona Lake, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1 Park Ave #204 Winona Lake, IN Welcome to Kosciusko Lodge, a truly one of a kind luxury condo located within the historic...	2 beds \| 2 baths \| 1,564 sq.ft.	$450,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.67% Airbnb Rental Income: $1898 Traditional Rental Income: $2405 Airbnb ROI: -0.73% Traditional ROI: 1.67%
1937 Troon Road Winona Lake, IN Incredible 3 bedroom ranch situated on a quiet cul-de-sac on the 5th hole of Stonehenge Go...	3 beds \| 2 baths \| 1,543 sq.ft.	$329,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.51% Airbnb Rental Income: $1084 Traditional Rental Income: $2019 Airbnb ROI: 0.3% Traditional ROI: 4.51%
502 Roy St Winona Lake, IN PRICE IMPROVEMENT Welcome to your dream home nestled on the pristine shores of Lake Jo...	4 beds \| 2 baths \| 2,306 sq.ft.	$369,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.23% Airbnb Rental Income: $1375 Traditional Rental Income: $2218 Airbnb ROI: 0.6% Traditional ROI: 4.23%
905 Esplanade St Winona Lake, IN Welcome to Winona Lake, a celebrated all-sports lake known for its vibrant cultural scene,...	4 beds \| 4 baths \| 4,592 sq.ft.	$2,199,000	Airbnb cash on cash: -1.4% Traditional cash on cash: 0.25% Airbnb Rental Income: $1375 Traditional Rental Income: $4324 Airbnb ROI: -1.4% Traditional ROI: 0.25%
3173 E Rocky Way Winona Lake, IN Welcome to your summer retreat at Raccoon Run in beautiful Winona Lake. This brand-new, 2,...	3 beds \| 2 baths \| 2,033 sq.ft.	$464,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.25% Airbnb Rental Income: $1084 Traditional Rental Income: $2468 Airbnb ROI: -0.78% Traditional ROI: 3.25%
3202 E Rocky Way Winona Lake, IN NEW CONSTRUCTION VILLA in Raccoon Run. This thoughtfully designed Ryder floor plan offers ...	3 beds \| 2 baths \| 2,025 sq.ft.	$429,910	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.66% Airbnb Rental Income: $1084 Traditional Rental Income: $2468 Airbnb ROI: -0.69% Traditional ROI: 3.66%
Site 27 Bandit Cv Winona Lake, IN Lot 30 Bandit Cv, Winona Lake, IN 46590 \| Single Family Residential	3 beds \| 2 baths \| 1,607 sq.ft.	$329,900	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.26% Airbnb Rental Income: $1084 Traditional Rental Income: $1835 Airbnb ROI: -0.35% Traditional ROI: 3.26%
TBD Lot #85 in Lamp Post Manor Estates Rd Winona Lake, IN Don't miss this rare chance to build your dream home in the established Lamp Post Manor ne...	3 beds \| 2 baths \| 1,497 sq.ft.	$455,100	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.87% Airbnb Rental Income: $1084 Traditional Rental Income: $2099 Airbnb ROI: -0.38% Traditional ROI: 2.87%
TBD Lot #88 in Lamp Post Manor Estates Rd Winona Lake, IN Don't miss this rare chance to build your dream home in the established Lamp Post Manor ne...	3 beds \| 2 baths \| 1,800 sq.ft.	$552,600	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.9% Airbnb Rental Income: $1084 Traditional Rental Income: $2543 Airbnb ROI: -0.64% Traditional ROI: 2.9%
2817 E Prestwick Rd Winona Lake, IN Welcome home to timeless elegance and effortless living in this beautifully maintained bri...	4 beds \| 4 baths \| 4,324 sq.ft.	$485,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 8.59% Airbnb Rental Income: $1375 Traditional Rental Income: $4874 Airbnb ROI: -0.04% Traditional ROI: 8.59%
Integrity 1610S Plan Winona Lake, IN Integrity 1610S Plan, Winona Lake, IN 46590 \| Single Family Residential	3 beds \| 2 baths \| 1,607 sq.ft.	$296,035	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.78% Airbnb Rental Income: $1084 Traditional Rental Income: $1661 Airbnb ROI: 0.39% Traditional ROI: 3.78%
2490 Bandit Cv Winona Lake, IN 2490 Bandit Cv, Winona Lake, IN 46590 \| Single Family Residential	3 beds \| 2 baths \| 1,607 sq.ft.	$329,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.02% Airbnb Rental Income: $1084 Traditional Rental Income: $1911 Airbnb ROI: 0.16% Traditional ROI: 4.02%
608 Lake John Cir Winona Lake, IN Step inside this beautifully updated split-level home where nearly every detail has been t...	3 beds \| 2 baths \| 2,458 sq.ft.	$313,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 6.13% Airbnb Rental Income: $1084 Traditional Rental Income: $2388 Airbnb ROI: 0.45% Traditional ROI: 6.13%
801 Roy St Winona Lake, IN **Open House on Saturday, June 13, 2026 at 12:00 PM - 2:00 PM and June 14,2026 at 12:00 PM...	3 beds \| 2 baths \| 2,208 sq.ft.	$350,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 5.68% Airbnb Rental Income: $1084 Traditional Rental Income: $2537 Airbnb ROI: 0.13% Traditional ROI: 5.68%
2245 Bandit Cv Winona Lake, IN BRAND NEW WINDSOR VILLA!! - in the fresh NEIGHBORHOOD of RACCOON RUN! Nestled outside of W...	3 beds \| 2 baths \| 2,015 sq.ft.	$443,515	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.35% Airbnb Rental Income: $1084 Traditional Rental Income: $2489 Airbnb ROI: 0.08% Traditional ROI: 4.35%
2634 E Muirfield Rd Winona Lake, IN Welcome home to this beautifully designed ranch in a desirable golf course community! Situ...	3 beds \| 3 baths \| 2,782 sq.ft.	$349,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 6.26% Airbnb Rental Income: $1084 Traditional Rental Income: $2748 Airbnb ROI: 0.07% Traditional ROI: 6.26%
806 Sharon St Winona Lake, IN 806 Sharon St, Winona Lake, IN 46590 \| Single Family Residential	3 beds \| 2 baths \| 1,152 sq.ft.	$274,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.05% Airbnb Rental Income: $1084 Traditional Rental Income: $1361 Airbnb ROI: 0.55% Traditional ROI: 3.05%
1101 Sunday Ln Winona Lake, IN Tucked into a peaceful setting with mature trees and open green space behind the home, you...	4 beds \| 1 baths \| 1,542 sq.ft.	$249,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.72% Airbnb Rental Income: $1375 Traditional Rental Income: $1309 Airbnb ROI: 2.22% Traditional ROI: 3.72%
403 Mineral Spgs Winona Lake, IN Welcome Home to 403 Mineral Springs Blvd! Imagine waking up in a home where the best of Wi...	3 beds \| 1 baths \| 944 sq.ft.	$227,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 2.87% Airbnb Rental Income: $1084 Traditional Rental Income: $1183 Airbnb ROI: 0.69% Traditional ROI: 2.87%
2599 Liberty Dr Winona Lake, IN 2599 Liberty Dr, Winona Lake, IN 46590 \| Single Family Residential	4 beds \| 3 baths \| 3,878 sq.ft.	$499,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.95% Airbnb Rental Income: $1375 Traditional Rental Income: $2364 Airbnb ROI: -0.06% Traditional ROI: 2.95%
1329 Wooster Road Winona Lake, IN NEW SALES PRICE. Welcome to your own private country retreat just minutes from Grace Colle...	3 beds \| 2 baths \| 2,150 sq.ft.	$339,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 5.18% Airbnb Rental Income: $1084 Traditional Rental Income: $2340 Airbnb ROI: 0.09% Traditional ROI: 5.18%
1438 Rutland Court Winona Lake, IN This home is located in Lexington Manor and sits near the end by the cul-de-sac. It featur...	5 beds \| 3 baths \| 2,682 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.55% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 6.55%

Real Estate investment in Winona-lake, IN

There are 24 properties for sale in the city of Winona Lake . The median list price in Winona Lake is $342,695 and the average price per square foot is $152. In July 2026, the average monthly cash on cash return in Winona Lake is 4.00%. The average monthly rental income in Winona Lake is $2,352.

Winona-lake, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Winona-lake.

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

The ROI for Short-Term is higher than the Long-Term in Winona-lake with average rental income of $1,084.

Your search for investment property begins and ends here

Investment Property for Sale in Winona Lake, IN

1 Park Ave #204

Winona Lake, IN

2 beds | 2 baths | 1,564 sq.ft.

$450,000

Airbnb cash on cash: -0.73%

Traditional cash on cash: 1.67%

Airbnb Rental Income: $1898

Traditional Rental Income: $2405

Airbnb ROI: -0.73%

Traditional ROI: 1.67%

1937 Troon Road

Winona Lake, IN

3 beds | 2 baths | 1,543 sq.ft.

$329,900

Airbnb cash on cash: 0.3%

Traditional cash on cash: 4.51%

Airbnb Rental Income: $1084

Traditional Rental Income: $2019

Airbnb ROI: 0.3%

Traditional ROI: 4.51%

502 Roy St

Winona Lake, IN

4 beds | 2 baths | 2,306 sq.ft.

$369,900

Airbnb cash on cash: 0.6%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1375

Traditional Rental Income: $2218

Airbnb ROI: 0.6%

Traditional ROI: 4.23%

905 Esplanade St

Winona Lake, IN

4 beds | 4 baths | 4,592 sq.ft.

$2,199,000

Airbnb cash on cash: -1.4%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $1375

Traditional Rental Income: $4324

Airbnb ROI: -1.4%

Traditional ROI: 0.25%

3173 E Rocky Way

Winona Lake, IN

3 beds | 2 baths | 2,033 sq.ft.

$464,900

Airbnb cash on cash: -0.78%

Traditional cash on cash: 3.25%

Airbnb Rental Income: $1084

Traditional Rental Income: $2468

Airbnb ROI: -0.78%

Traditional ROI: 3.25%

3202 E Rocky Way

Winona Lake, IN

3 beds | 2 baths | 2,025 sq.ft.

$429,910

Airbnb cash on cash: -0.69%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $1084

Traditional Rental Income: $2468

Airbnb ROI: -0.69%

Traditional ROI: 3.66%

Site 27 Bandit Cv

Winona Lake, IN

3 beds | 2 baths | 1,607 sq.ft.

$329,900

Airbnb cash on cash: -0.35%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1084

Traditional Rental Income: $1835

Airbnb ROI: -0.35%

Traditional ROI: 3.26%

TBD Lot #85 in Lamp Post Manor Estates Rd

Winona Lake, IN

3 beds | 2 baths | 1,497 sq.ft.

$455,100

Airbnb cash on cash: -0.38%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $1084

Traditional Rental Income: $2099

Airbnb ROI: -0.38%