Real Estate Investment Properties for Sale in Central Lake, MI

Looking for investment property in Central Lake, MI with high ROI ?

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2601 Rushton Rd Central Lake, MI Tucked away in the charming Village of Central Lake, this beautifully updated 3-bedroom, 2...	3 beds \| 2 baths \| 2,729 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $3462 Airbnb ROI: N/A Traditional ROI: 4.51%
1944 West St Central Lake, MI Welcome to Central Lake! This charming custom-built home offers flexibility and comfort wi...	3 beds \| 1 baths \| 1,580 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.14% Airbnb Rental Income: $null Traditional Rental Income: $1939 Airbnb ROI: N/A Traditional ROI: 10.14%
9865 Paradise Hills Drive Central Lake, MI Start your day enjoying captivating views of the blue waters of Torch Lake and East Bay. E...	3 beds \| 3 baths \| 2,010 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $2889 Airbnb ROI: N/A Traditional ROI: 6.06%
1513 Vermeersch Rd Central Lake, MI Invest with success and buy through Auction.com. This foreclosure investment property is a...	4 beds \| 3 baths \| 1,639 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $2452 Airbnb ROI: N/A Traditional ROI: 4.11%
7963 E State Street Central Lake, MI Historic two-story building being sold fully furnished, making this a turnkey income prope...	2 beds \| 2 baths \| 1,200 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.06% Airbnb Rental Income: $null Traditional Rental Income: $1858 Airbnb ROI: N/A Traditional ROI: 9.06%
10844 Torchlight Ln Central Lake, MI Escape to this charming 2-bedroom log cabin, where rustic character meets modern comfort. ...	2 beds \| 2 baths \| 864 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.12% Airbnb Rental Income: $null Traditional Rental Income: $906 Airbnb ROI: N/A Traditional ROI: 0.12%
8106 W State St Central Lake, MI n the Village - Prime Location! Two story - 3 Bedrooms - 1 full & 1 half Bath Home - Main...	3 beds \| 1 baths \| 1,680 sq.ft.	$229,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $2079 Airbnb ROI: N/A Traditional ROI: 6.63%
9791 Paradise Hills Dr Central Lake, MI Welcome to Paradise Hills, catch views of Torch Lake and Grand Traverse Bay from this quie...	5 beds \| 3 baths \| 3,400 sq.ft.	$549,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.19% Airbnb Rental Income: $null Traditional Rental Income: $2866 Airbnb ROI: N/A Traditional ROI: 3.19%
10840 Torchlight Ln Central Lake, MI Simply stated, you can't go wrong with these twin cabins. Located at 10836 and 10840 Torch...	2 beds \| 2 baths \| 920 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.03% Airbnb Rental Income: $null Traditional Rental Income: $1720 Airbnb ROI: N/A Traditional ROI: 2.03%
10862 Torchlight Ln Central Lake, MI Panoramic views of magnificent Torch Lake await with this charming 3-bedroom, 1-bath home....	3 beds \| 1 baths \| 902 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.63% Airbnb Rental Income: $null Traditional Rental Income: $1679 Airbnb ROI: N/A Traditional ROI: 0.63%
1944 WEST Central Lake, MI Welcome to Central Lake! This charming custom-built home offers flexibility and comfort wi...	3 beds \| 1 baths \| 1,580 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 9% Airbnb Rental Income: $null Traditional Rental Income: $1957 Airbnb ROI: N/A Traditional ROI: 9%
8840 W Old State Central Lake, MI Welcome to this charming 2-bedroom, 2-bath home on a full basement, perfectly located just...	2 beds \| 2 baths \| 1,184 sq.ft.	$187,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.81% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A Traditional ROI: 9.81%
351 N M-88 Central Lake, MI Space, updates, and location come together in this 4-bedroom, 3-bath home offering room to...	4 beds \| 2 baths \| 2,597 sq.ft.	$450,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 5.22% Airbnb Rental Income: $2213 Traditional Rental Income: $2910 Airbnb ROI: 2.24% Traditional ROI: 5.22%
1199 W Intermediate Lake Dr Central Lake, MI Well maintained 5 bedroom, 2 bath home offering beautiful views of Intermediate Lake from ...	5 beds \| 2 baths \| 1,947 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2848 Airbnb ROI: N/A Traditional ROI: 5.23%
1392 N Intermediate Lake Road Central Lake, MI Spectacular newer, custom built Porter home located on spacious 2 acre parcel just outside...	3 beds \| 4 baths \| 3,190 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $4028 Airbnb ROI: N/A Traditional ROI: 7.96%

Real Estate investment in Central-lake, MI

There are 22 properties for sale in the city of Central Lake . The median list price in Central Lake is $425,000 and the average price per square foot is $238. In February 2026, the average monthly cash on cash return in Central Lake is 6.00%. The average monthly rental income in Central Lake is $2,079.

Central-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Central-lake.

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

The ROI for Short-Term is higher than the Long-Term in Central-lake with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Central Lake, MI

2601 Rushton Rd

Central Lake, MI

3 beds | 2 baths | 2,729 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.51%

Airbnb Rental Income: $null

Traditional Rental Income: $3462

Airbnb ROI: N/A

Traditional ROI: 4.51%

1944 West St

Central Lake, MI

3 beds | 1 baths | 1,580 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.14%

Airbnb Rental Income: $null

Traditional Rental Income: $1939

Airbnb ROI: N/A

Traditional ROI: 10.14%

9865 Paradise Hills Drive

Central Lake, MI

3 beds | 3 baths | 2,010 sq.ft.

$389,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2889

Airbnb ROI: N/A

Traditional ROI: 6.06%

1513 Vermeersch Rd

Central Lake, MI

4 beds | 3 baths | 1,639 sq.ft.

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.11%

Airbnb Rental Income: $null

Traditional Rental Income: $2452

Airbnb ROI: N/A

Traditional ROI: 4.11%

7963 E State Street

Central Lake, MI

2 beds | 2 baths | 1,200 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1858

Airbnb ROI: N/A

Traditional ROI: 9.06%

10844 Torchlight Ln

Central Lake, MI

2 beds | 2 baths | 864 sq.ft.

$649,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.12%

Airbnb Rental Income: $null

Traditional Rental Income: $906

Airbnb ROI: N/A

Traditional ROI: 0.12%

8106 W State St

Central Lake, MI

3 beds | 1 baths | 1,680 sq.ft.

$229,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.63%

Airbnb Rental Income: $null

Traditional Rental Income: $2079

Airbnb ROI: N/A

Traditional ROI: 6.63%

9791 Paradise Hills Dr

Central Lake, MI

5 beds | 3 baths | 3,400 sq.ft.

$549,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2866

Airbnb ROI: N/A