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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
711 N Intermediate Lake Road Central Lake, MI Rare opportunity on premium all-sports Intermediate lake with over an acre and 106' of pri...	4 beds \| 2 baths \| 939 sq.ft.	$650,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 1.6% Airbnb Rental Income: $4111 Traditional Rental Income: $2194 Airbnb ROI: 3.31% Traditional ROI: 1.6%
5705 Farrell Rd Central Lake, MI Amazing Lake Michigan Views - Escape from the city and enjoy this new contemporary build o...	5 beds \| 3 baths \| 3,044 sq.ft.	$749,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 4.06% Airbnb Rental Income: $3122 Traditional Rental Income: $3724 Airbnb ROI: 2.18% Traditional ROI: 4.06%
10844 Torchlight Ln Central Lake, MI Escape to this charming 2-bedroom log cabin, where rustic character meets modern comfort. ...	2 beds \| 1 baths \| 864 sq.ft.	$550,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 0.31% Airbnb Rental Income: $1416 Traditional Rental Income: $906 Airbnb ROI: 0.48% Traditional ROI: 0.31%
3037 Willow St Central Lake, MI Torch Lake Gem! This classic cottage/cabin sits on one of the finest lots on Torch Lake wi...	2 beds \| 1 baths \| 1,080 sq.ft.	$1,450,000	Airbnb cash on cash: -1.87% Traditional cash on cash: -1.47% Airbnb Rental Income: $1416 Traditional Rental Income: $1523 Airbnb ROI: -1.87% Traditional ROI: -1.47%
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.	$697,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 0.75% Airbnb Rental Income: $1368 Traditional Rental Income: $1679 Airbnb ROI: -0.36% Traditional ROI: 0.75%
2528 Muckle Rd Central Lake, MI Classic updated rural setting farmhouse in impeccable condition on amazing tranquil 2 plus...	3 beds \| 1 baths \| 2,240 sq.ft.	$299,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.3% Airbnb Rental Income: $1368 Traditional Rental Income: $2018 Airbnb ROI: 0.52% Traditional ROI: 4.3%
3463 NE Torch Lake Dr Central Lake, MI 3463 NE Torch Lake Dr, Central Lake, MI 49622 \| Single Family Residential	4 beds \| 4 baths \| 4,599 sq.ft.	$3,495,000	Airbnb cash on cash: -1.56% Traditional cash on cash: -1.49% Airbnb Rental Income: $4111 Traditional Rental Income: $3481 Airbnb ROI: -1.56% Traditional ROI: -1.49%
2817 W Shore Dr Central Lake, MI 2817 W Shore Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 8.84% Airbnb Rental Income: $839 Traditional Rental Income: $803 Airbnb ROI: 1.8% Traditional ROI: 8.84%
00 N M-88 Central Lake, MI 00 N M-88, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$949,900	Airbnb cash on cash: -2.06% Traditional cash on cash: -1.73% Airbnb Rental Income: $839 Traditional Rental Income: $800 Airbnb ROI: -2.06% Traditional ROI: -1.73%
4944 Benway Ln Central Lake, MI 4944 Benway Ln, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$259,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 0.76% Airbnb Rental Income: $839 Traditional Rental Income: $903 Airbnb ROI: -0.85% Traditional ROI: 0.76%
0 Willow St Central Lake, MI 0 Willow St, Eastport, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$699,500	Airbnb cash on cash: -1.89% Traditional cash on cash: -1.29% Airbnb Rental Income: $839 Traditional Rental Income: $904 Airbnb ROI: -1.89% Traditional ROI: -1.29%
4839 Bunker Hill Rd Central Lake, MI Nestled on 25 beautiful acres between Central Lake and East Jordan-just a stone's throw fr...	2 beds \| 1 baths \| 1,440 sq.ft.	$299,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.14% Airbnb Rental Income: $1416 Traditional Rental Income: $2079 Airbnb ROI: 1.27% Traditional ROI: 5.14%
114 S Intermediate Lake Road Central Lake, MI Enjoy 100 feet of pristine sandy beach and stunning sunset views on the eastern shore, and...	4 beds \| 3 baths \| 2,030 sq.ft.	$999,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 1.31% Airbnb Rental Income: $4111 Traditional Rental Income: $3199 Airbnb ROI: 1.35% Traditional ROI: 1.31%
3520 Childs Ln Central Lake, MI 200 feet private waterfront on Hanley Lake, minutes from Intermediate Lake for miles of bo...	3 beds \| 3 baths \| 3,504 sq.ft.	$700,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.28% Airbnb Rental Income: $1368 Traditional Rental Income: $3214 Airbnb ROI: -0.19% Traditional ROI: 3.28%
2134 S Main St Lot : 20 Central Lake, MI 2134 S Main St Lot : 20, Central Lake, MI 49622 \| Single Family Residential	N/A beds \| N/A baths \| 1,568 sq.ft.	$219,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 4.58% Airbnb Rental Income: $839 Traditional Rental Income: $1565 Airbnb ROI: -0.51% Traditional ROI: 4.58%
2134 S Main St Central Lake, MI 2134 S Main St, Central Lake, MI 49622 \| Single Family Residential	N/A beds \| N/A baths \| 1,586 sq.ft.	$219,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.92% Airbnb Rental Income: $839 Traditional Rental Income: $1220 Airbnb ROI: -0.51% Traditional ROI: 2.92%
269 N East Torch Lake Dr Central Lake, MI 269 N East Torch Lake Dr, Central Lake, MI 49622 \| Single Family Residential	4 beds \| 3 baths \| 3,652 sq.ft.	$4,475,000	Airbnb cash on cash: -1.78% Traditional cash on cash: -1.82% Airbnb Rental Income: $4111 Traditional Rental Income: $3068 Airbnb ROI: -1.78% Traditional ROI: -1.82%
5322 Rushton Rd Central Lake, MI 5322 Rushton Rd, Central Lake, MI 49622 \| Single Family Residential	8 beds \| 4 baths \| 3,992 sq.ft.	$1,375,000	Airbnb cash on cash: -0.72% Traditional cash on cash: -1.48% Airbnb Rental Income: $3122 Traditional Rental Income: $1437 Airbnb ROI: -0.72% Traditional ROI: -1.48%
2903 Rushton Rd Central Lake, MI 2903 Rushton Rd, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$224,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 1.33% Airbnb Rental Income: $839 Traditional Rental Income: $912 Airbnb ROI: -0.56% Traditional ROI: 1.33%
9465 W Old State Rd Central Lake, MI Welcome to your peaceful hilltop retreat - or the countryside gathering place where family...	3 beds \| 2 baths \| 2,933 sq.ft.	$1,100,000	Airbnb cash on cash: -1.69% Traditional cash on cash: 0.22% Airbnb Rental Income: $1368 Traditional Rental Income: $2911 Airbnb ROI: -1.69% Traditional ROI: 0.22%
7752 & 7754 Maple Street Central Lake, MI Rare opportunity to own two charming, turn key waterfront cottages on the Intermediate Riv...	4 beds \| 2 baths \| 1,355 sq.ft.	$639,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 3.15% Airbnb Rental Income: $4111 Traditional Rental Income: $2616 Airbnb ROI: 4.19% Traditional ROI: 3.15%
790 N Eckhardt Rd Central Lake, MI 790 N Eckhardt Rd, Central Lake, MI 49615 \| Single Family Residential	3 beds \| 3 baths \| 2,480 sq.ft.	$395,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 4.21% Airbnb Rental Income: $1368 Traditional Rental Income: $2588 Airbnb ROI: -0.21% Traditional ROI: 4.21%
2810 W Shore Dr Central Lake, MI 2810 W Shore Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 9.87% Airbnb Rental Income: $839 Traditional Rental Income: $893 Airbnb ROI: 3.97% Traditional ROI: 9.87%
2810 W Shore Dr Lot 24 Central Lake, MI 2810 W Shore Dr Lot 24, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 9.98% Airbnb Rental Income: $839 Traditional Rental Income: $900 Airbnb ROI: 3.97% Traditional ROI: 9.98%
10862 Torchlight Ln #2 & 3 Lot: 2 & 3 Central Lake, MI 10862 Torchlight Ln #2 & 3 Lot: 2 & 3, Central Lake, MI 49622 \| Single Family Residential	3 beds \| 1 baths \| 902 sq.ft.	$697,900	Airbnb cash on cash: -1.21% Traditional cash on cash: -0.13% Airbnb Rental Income: $1368 Traditional Rental Income: $1656 Airbnb ROI: -1.21% Traditional ROI: -0.13%
10836 Torchlight Ln Central Lake, MI 10836 Torchlight Ln, Central Lake, MI 49622 \| Single Family Residential	2 beds \| 2 baths \| 920 sq.ft.	$449,500	Airbnb cash on cash: -0.39% Traditional cash on cash: 1.04% Airbnb Rental Income: $1416 Traditional Rental Income: $1594 Airbnb ROI: -0.39% Traditional ROI: 1.04%
5218 Mitchell Rd Central Lake, MI Set on 31 wooded acres with more than 900 feet of frontage on Ogletree Creek, this Central...	4 beds \| 1 baths \| 2,048 sq.ft.	$449,000	Airbnb cash on cash: 4.95% Traditional cash on cash: 1.92% Airbnb Rental Income: $4111 Traditional Rental Income: $1961 Airbnb ROI: 4.95% Traditional ROI: 1.92%
7774 E State St Central Lake, MI Welcome to riverfront living in the heart of Northern Michigan. This beautifully positione...	4 beds \| 2 baths \| 1,914 sq.ft.	$599,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 2.06% Airbnb Rental Income: $4111 Traditional Rental Income: $2660 Airbnb ROI: 3.09% Traditional ROI: 2.06%
10844 Torchlight Ln #4 Central Lake, MI Experience the timeless charm of authentic Northern Michigan living in this beautifully up...	2 beds \| 1 baths \| 864 sq.ft.	$550,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 0% Airbnb Rental Income: $1416 Traditional Rental Income: $1395 Airbnb ROI: -0.78% Traditional ROI: 0%
5815 Farrell Rd Central Lake, MI Welcome to 5815 Farrell Road in Central Lake, where spacious living, lake views, and Up No...	5 beds \| 3 baths \| 4,784 sq.ft.	$599,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 2.98% Airbnb Rental Income: $3122 Traditional Rental Income: $3174 Airbnb ROI: 1.62% Traditional ROI: 2.98%
3425 Rushton Rd Central Lake, MI 3425 Rushton Rd, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.09% Airbnb Rental Income: $839 Traditional Rental Income: $912 Airbnb ROI: -0.68% Traditional ROI: 1.09%
Parcel C Dawson Ln Central Lake, MI Parcel C Dawson Ln, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$69,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 9.46% Airbnb Rental Income: $839 Traditional Rental Income: $912 Airbnb ROI: 3.6% Traditional ROI: 9.46%
7752 Maple St Central Lake, MI Enjoy affordable waterfront living with this charming, turn key cottage offering 45 feet o...	2 beds \| 1 baths \| 659 sq.ft.	$319,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.24% Airbnb Rental Income: $1416 Traditional Rental Income: $1225 Airbnb ROI: 0.46% Traditional ROI: 1.24%
10862 Torchlight Lane #2 & 3 Central Lake, MI Welcome to the Guest House-your opportunity to enjoy attainable Torch Lake living. Beautif...	3 beds \| 1 baths \| 902 sq.ft.	$697,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 0.83% Airbnb Rental Income: $1368 Traditional Rental Income: $1726 Airbnb ROI: -0.36% Traditional ROI: 0.83%
10836 Torchlight Lane #10840 Torchlight Ln Central Lake, MI Ever dreamed of owning your own slice of Torch Lake paradise but thought it was out of rea...	2 beds \| 2 baths \| 920 sq.ft.	$449,500	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.89% Airbnb Rental Income: $1416 Traditional Rental Income: $1881 Airbnb ROI: 0.78% Traditional ROI: 2.89%
00 E Coyote Hill Dr Central Lake, MI 00 E Coyote Hill Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$82,950	Airbnb cash on cash: 2.64% Traditional cash on cash: 7.57% Airbnb Rental Income: $839 Traditional Rental Income: $912 Airbnb ROI: 2.64% Traditional ROI: 7.57%
00 W Coyote Hill Dr Central Lake, MI 00 W Coyote Hill Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$120,550	Airbnb cash on cash: 1.08% Traditional cash on cash: 4.54% Airbnb Rental Income: $839 Traditional Rental Income: $912 Airbnb ROI: 1.08% Traditional ROI: 4.54%

Real Estate investment in Central-lake, MI

There are 59 properties for sale in the city of Central Lake . The median list price in Central Lake is $274,836 and the average price per square foot is $138. In September 2026, the average monthly cash on cash return in Central Lake is 3.00%. The average monthly rental income in Central Lake is $1,827.

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

There are 59 investment properties available for sale in Central-lake.

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

The ROI for Long-Term is higher than the Short-Term in Central-lake with average rental income of $1,827.

Your search for investment property begins and ends here

Investment Property for Sale in Central Lake, MI

711 N Intermediate Lake Road

Central Lake, MI

4 beds | 2 baths | 939 sq.ft.

$650,000

Airbnb cash on cash: 3.31%

Traditional cash on cash: 1.6%

Airbnb Rental Income: $4111

Traditional Rental Income: $2194

Airbnb ROI: 3.31%

Traditional ROI: 1.6%

5705 Farrell Rd

Central Lake, MI

5 beds | 3 baths | 3,044 sq.ft.

$749,900

Airbnb cash on cash: 2.18%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $3122

Traditional Rental Income: $3724

Airbnb ROI: 2.18%

Traditional ROI: 4.06%

10844 Torchlight Ln

Central Lake, MI

2 beds | 1 baths | 864 sq.ft.

$550,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: 0.31%

Airbnb Rental Income: $1416

Traditional Rental Income: $906

Airbnb ROI: 0.48%

Traditional ROI: 0.31%

3037 Willow St

Central Lake, MI

2 beds | 1 baths | 1,080 sq.ft.

$1,450,000

Airbnb cash on cash: -1.87%

Traditional cash on cash: -1.47%

Airbnb Rental Income: $1416

Traditional Rental Income: $1523

Airbnb ROI: -1.87%

Traditional ROI: -1.47%

10862 Torchlight Ln

Central Lake, MI

3 beds | 1 baths | 902 sq.ft.

$697,900

Airbnb cash on cash: -0.36%

Traditional cash on cash: 0.75%

Airbnb Rental Income: $1368

Traditional Rental Income: $1679

Airbnb ROI: -0.36%

Traditional ROI: 0.75%

2528 Muckle Rd

Central Lake, MI

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

$299,900

Airbnb cash on cash: 0.52%

Traditional cash on cash: 4.3%

Airbnb Rental Income: $1368

Traditional Rental Income: $2018

Airbnb ROI: 0.52%

Traditional ROI: 4.3%

3463 NE Torch Lake Dr

Central Lake, MI

4 beds | 4 baths | 4,599 sq.ft.

$3,495,000

Airbnb cash on cash: -1.56%

Traditional cash on cash: -1.49%

Airbnb Rental Income: $4111

Traditional Rental Income: $3481

Airbnb ROI: -1.56%

Traditional ROI: -1.49%

2817 W Shore Dr

Central Lake, MI

N/A beds | N/A baths | N/A

$39,900

Airbnb cash on cash: 1.8%

Traditional cash on cash: 8.84%

Airbnb Rental Income: $839

Traditional Rental Income: $803

Airbnb ROI: 1.8%