Real Estate Investment Properties for Sale in Houghton Lake, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
213 Barcome Avenue Houghton Lake, MI Spacious 3 bedroom, 2 bath, 1456 sq ft home on a double lot that adjoins and backs up to w...	3 beds \| 2 baths \| 1,456 sq.ft.	$175,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 11.5% Airbnb Rental Income: $1572 Traditional Rental Income: $2335 Airbnb ROI: 4.22% Traditional ROI: 11.5%
127 Mallard Avenue Houghton Lake, MI Charming 1-bedroom, 1-bath year-round cabin located within walking distance to the lake an...	1 beds \| 1 baths \| 448 sq.ft.	$89,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 8.84% Airbnb Rental Income: $737 Traditional Rental Income: $1141 Airbnb ROI: 0.61% Traditional ROI: 8.84%
147 Snowflake Way Houghton Lake, MI This beautifully updated 2-story chalet offers the perfect blend of privacy, comfort, and ...	3 beds \| 2 baths \| 1,380 sq.ft.	$285,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 6% Airbnb Rental Income: $1572 Traditional Rental Income: $2186 Airbnb ROI: 2.03% Traditional ROI: 6%
2413 Long Point Drive Houghton Lake, MI Welcome to this stunning 3-bedroom, 2-bath waterfront home. Designed with comfort and qual...	3 beds \| 2 baths \| 2,134 sq.ft.	$779,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 2.54% Airbnb Rental Income: $1572 Traditional Rental Income: $2849 Airbnb ROI: 0.16% Traditional ROI: 2.54%
124 Winding Drive Houghton Lake, MI Open House July 25 1-3pm Beautiful chalet-style home in Houghton Lake Forest Estates, situ...	3 beds \| 2 baths \| 1,800 sq.ft.	$280,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 5.17% Airbnb Rental Income: $1572 Traditional Rental Income: $1875 Airbnb ROI: 2.31% Traditional ROI: 5.17%
12739 E Houghton Lake Drive Houghton Lake, MI Lakefront with Spectacular sunset & sunrise Views! 5 bedrooms 3 full baths with 95 feet of...	5 beds \| 3 baths \| 2,074 sq.ft.	$699,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.53% Airbnb Rental Income: $2939 Traditional Rental Income: $3257 Airbnb ROI: 2.01% Traditional ROI: 3.53%
13508 W Shore Drive Houghton Lake, MI Motivated sellers Charming Cottage Looking for a year-round residence, or the perfect week...	1 beds \| 1 baths \| 1,250 sq.ft.	$217,250	Airbnb cash on cash: -0.31% Traditional cash on cash: 6.64% Airbnb Rental Income: $737 Traditional Rental Income: $1855 Airbnb ROI: -0.31% Traditional ROI: 6.64%
10258 W Shore Drive Houghton Lake, MI Welcome to the peaceful waters of West Shore on Houghton Lake! This beautifully maintained...	3 beds \| 1 baths \| 1,196 sq.ft.	$570,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 1.6% Airbnb Rental Income: $1572 Traditional Rental Income: $1935 Airbnb ROI: 0.07% Traditional ROI: 1.6%
125 Whitebirch Drive Houghton Lake, MI With almost 1800sq ft of living space, this 3-bedroom and 2 bath ranch is in Houghton Lake...	3 beds \| 2 baths \| 1,766 sq.ft.	$229,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 8.32% Airbnb Rental Income: $1572 Traditional Rental Income: $2458 Airbnb ROI: 2.17% Traditional ROI: 8.32%
108 Eastbrook Avenue Houghton Lake, MI Welcome to your private escape on Houghton Lake! This beautifully maintained 3-bedroom, 2-...	3 beds \| 2 baths \| 1,260 sq.ft.	$469,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.33% Airbnb Rental Income: $1572 Traditional Rental Income: $2332 Airbnb ROI: 0.57% Traditional ROI: 3.33%
2385 W Houghton Lake Drive Houghton Lake, MI Discover your perfect retreat. This spacious home boasts 2423 sq ft of comfortable living ...	4 beds \| 3 baths \| 2,423 sq.ft.	$365,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.15% Airbnb Rental Income: $1934 Traditional Rental Income: $2380 Airbnb ROI: 1.36% Traditional ROI: 4.15%
302 Redwine Drive Houghton Lake, MI Welcome to this well maintained 3-bedroom, 2-bath home located in a desirable neighborhood...	3 beds \| 2 baths \| 1,560 sq.ft.	$199,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 9.74% Airbnb Rental Income: $1572 Traditional Rental Income: $2418 Airbnb ROI: 2.9% Traditional ROI: 9.74%
217 Weaver Drive Houghton Lake, MI Large Corner Lot, Large Rooms, Generous Galley Kitchen. Living, dining and kitchen open fl...	3 beds \| 2 baths \| 2,137 sq.ft.	$249,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 8.86% Airbnb Rental Income: $1572 Traditional Rental Income: $2657 Airbnb ROI: 2.35% Traditional ROI: 8.86%
9312 Elizabeth Road Houghton Lake, MI Your Northern Michigan Retreat Awaits! Whether you're looking for a weekend getaway, hunti...	2 beds \| 1 baths \| 872 sq.ft.	$154,900	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.65% Airbnb Rental Income: $1169 Traditional Rental Income: $1153 Airbnb ROI: 2.16% Traditional ROI: 4.65%
133 Oak Marr Drive Houghton Lake, MI This luxurious home in Oak Marr is situated on a park-like setting just south of Houghton ...	3 beds \| 3 baths \| 4,286 sq.ft.	$525,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.12% Airbnb Rental Income: $1572 Traditional Rental Income: $2377 Airbnb ROI: 0.57% Traditional ROI: 3.12%
7365 W Nestel Road Houghton Lake, MI This beautiful Chalet with open floor plan, sits perfectly on a wooded lot with parking fo...	2 beds \| 1 baths \| 960 sq.ft.	$249,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 3.88% Airbnb Rental Income: $1169 Traditional Rental Income: $1471 Airbnb ROI: 0.97% Traditional ROI: 3.88%
124 Snowflake Way Houghton Lake, MI Charming and well-maintained home in a quiet Houghton Lake subdivision, just minutes from ...	3 beds \| 1 baths \| 900 sq.ft.	$160,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 8.29% Airbnb Rental Income: $1572 Traditional Rental Income: $1625 Airbnb ROI: 4.99% Traditional ROI: 8.29%
11366 W Shore Drive Houghton Lake, MI CANAL HOME with 64' of water frontage...This NEWLY BUILT 3-bedroom, 2-bath home offers mod...	3 beds \| 2 baths \| 960 sq.ft.	$394,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 1.55% Airbnb Rental Income: $1572 Traditional Rental Income: $1151 Airbnb ROI: 1.47% Traditional ROI: 1.55%
5287 W Houghton Lake Drive Houghton Lake, MI Looking for space and flexibility near the lake? This 3 bedroom, 1.5 bath home sits on ove...	3 beds \| 2 baths \| 1,904 sq.ft.	$270,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 9.23% Airbnb Rental Income: $1572 Traditional Rental Income: $2886 Airbnb ROI: 2.3% Traditional ROI: 9.23%
213 Bayshore Drive Houghton Lake, MI Beautifully renovated and fully furnished Houghton Lakefront home offering a turnkey exper...	3 beds \| 2 baths \| 1,780 sq.ft.	$895,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.58% Airbnb Rental Income: $1572 Traditional Rental Income: $1835 Airbnb ROI: -0.28% Traditional ROI: 0.58%
103 Utah Drive Houghton Lake, MI Escape to your own waterfront retreat and experience the peace and tranquility this charmi...	3 beds \| 2 baths \| 1,008 sq.ft.	$325,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 2.61% Airbnb Rental Income: $1572 Traditional Rental Income: $1623 Airbnb ROI: 0.97% Traditional ROI: 2.61%
5167 E Houghton Lake Drive Houghton Lake, MI Welcome to 5167 E. Houghton Lake Drive, Approx. 1930 Sq. Ft. Ranch style home. 3 Bedrooms ...	3 beds \| 3 baths \| 1,930 sq.ft.	$248,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 10.82% Airbnb Rental Income: $1572 Traditional Rental Income: $3211 Airbnb ROI: 1.89% Traditional ROI: 10.82%
6366 W Houghton Lake Drive #5 Houghton Lake, MI Nestled on the picturesque west shore of Houghton Lake, the cottage offers a retreat with ...	1 beds \| 1 baths \| 420 sq.ft.	$174,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 3.03% Airbnb Rental Income: $737 Traditional Rental Income: $1109 Airbnb ROI: -1.07% Traditional ROI: 3.03%
228 Mallard Avenue Houghton Lake, MI Lake front living at your front door! This 2 bedroom 1 and 1/2 bath home is waiting for fi...	2 beds \| 2 baths \| 1,462 sq.ft.	$360,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.94% Airbnb Rental Income: $1169 Traditional Rental Income: $2194 Airbnb ROI: -0.23% Traditional ROI: 3.94%
1504 Houghton View Drive Houghton Lake, MI This comfortable LAKEFRONT Home/Cottage holds an updated bathroom, 2 large bedrooms and a ...	2 beds \| 1 baths \| 1,214 sq.ft.	$350,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.11% Airbnb Rental Income: $1169 Traditional Rental Income: $2074 Airbnb ROI: 0.19% Traditional ROI: 4.11%
7697 E Houghton Lake Drive Houghton Lake, MI PRIVATE ACCESS TO HOUGHTON LAKE! Rare 3BR detached condo w/boat dock and hoist on Houghton...	3 beds \| 1 baths \| 1,344 sq.ft.	$249,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 3.85% Airbnb Rental Income: $1572 Traditional Rental Income: $1447 Airbnb ROI: 2.47% Traditional ROI: 3.85%
7571 E Houghton Lake Drive Houghton Lake, MI 150' LAKEFRONT ON THE NORTH SHORE! Enjoy this freshly remodeled cottage on Houghton Lake's...	3 beds \| 1 baths \| 900 sq.ft.	$249,900	Airbnb cash on cash: 2.21% Traditional cash on cash: 4.13% Airbnb Rental Income: $1572 Traditional Rental Income: $1575 Airbnb ROI: 2.21% Traditional ROI: 4.13%
206 Joliet Avenue Houghton Lake, MI Welcome to this move-in-ready 3 bedroom, 2 full bath home offering 1,520 SQFT in Houghton ...	3 beds \| 2 baths \| 1,520 sq.ft.	$249,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 7.47% Airbnb Rental Income: $1572 Traditional Rental Income: $2572 Airbnb ROI: 1.32% Traditional ROI: 7.47%
3974 W Houghton Lake Drive #7 Houghton Lake, MI Well maintained cabin just steps away from the shared beachfront on beautiful Houghton Lak...	2 beds \| 1 baths \| 480 sq.ft.	$119,900	Airbnb cash on cash: 3.27% Traditional cash on cash: 9.39% Airbnb Rental Income: $1169 Traditional Rental Income: $1494 Airbnb ROI: 3.27% Traditional ROI: 9.39%
410 Terrace Drive Houghton Lake, MI Home has been beautifully renovated with gorgeous granite counters, all new appliances in ...	3 beds \| 1 baths \| 1,670 sq.ft.	$259,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 6.76% Airbnb Rental Income: $1572 Traditional Rental Income: $2019 Airbnb ROI: 3.09% Traditional ROI: 6.76%
117 Vienna Court Houghton Lake, MI Welcome home to this beautifully updated 3 bedroom, 2.5 bath property offering space, comf...	3 beds \| 3 baths \| 1,728 sq.ft.	$319,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 6.93% Airbnb Rental Income: $1572 Traditional Rental Income: $2601 Airbnb ROI: 2.01% Traditional ROI: 6.93%
4901 River Road Houghton Lake, MI Nestled close to beautiful Houghton Lake and the river, this charming 2 bedroom, 1 bath ho...	2 beds \| 1 baths \| 950 sq.ft.	$145,000	Airbnb cash on cash: 3.21% Traditional cash on cash: 8.34% Airbnb Rental Income: $1169 Traditional Rental Income: $1498 Airbnb ROI: 3.21% Traditional ROI: 8.34%
119 Wilson Avenue Houghton Lake, MI Opportunities like this don't come along often--50 feet of beautiful frontage on Houghton ...	2 beds \| 1 baths \| 800 sq.ft.	$349,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.03% Airbnb Rental Income: $1169 Traditional Rental Income: $1586 Airbnb ROI: -0.41% Traditional ROI: 2.03%
2980 E Houghton Lake Drive Houghton Lake, MI Motivated sellers This Charming 3-bedroom, 1-bath home comes fully furnished and is situat...	3 beds \| 1 baths \| 1,128 sq.ft.	$214,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 6% Airbnb Rental Income: $1572 Traditional Rental Income: $1828 Airbnb ROI: 2.53% Traditional ROI: 6%
305 Huntington Road Houghton Lake, MI Welcome to this beautifully updated 4-bedroom, 3-bathroom family home that perfectly blend...	4 beds \| 2 baths \| 2,072 sq.ft.	$249,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 10.46% Airbnb Rental Income: $1934 Traditional Rental Income: $2939 Airbnb ROI: 4.02% Traditional ROI: 10.46%
9394 E Houghton Lake Drive Houghton Lake, MI This large 2180 square foot home is directly across the street from beautiful Houghton Lak...	4 beds \| 2 baths \| 2,180 sq.ft.	$249,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 8.19% Airbnb Rental Income: $1934 Traditional Rental Income: $2513 Airbnb ROI: 3.56% Traditional ROI: 8.19%
123 Sandpiper Avenue Houghton Lake, MI Charming Updated Home Near Houghton Lake. Welcome to this beautifully updated 2-bedroom, 1...	2 beds \| 2 baths \| 668 sq.ft.	$129,900	Airbnb cash on cash: 4.22% Traditional cash on cash: 11.23% Airbnb Rental Income: $1169 Traditional Rental Income: $1661 Airbnb ROI: 4.22% Traditional ROI: 11.23%
508 Shore View Drive Houghton Lake, MI Turnkey, completely remodeled home on a 0.25-acre corner lot in a desirable Houghton Lake ...	2 beds \| 1 baths \| 725 sq.ft.	$214,900	Airbnb cash on cash: 1.68% Traditional cash on cash: 3.69% Airbnb Rental Income: $1169 Traditional Rental Income: $1194 Airbnb ROI: 1.68% Traditional ROI: 3.69%
3441 Townline Road Houghton Lake, MI Ready to escape the ordinary? This completely renovated home on 8+ acres is your ticket to...	3 beds \| 2 baths \| 1,611 sq.ft.	$299,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 7.65% Airbnb Rental Income: $1572 Traditional Rental Income: $2685 Airbnb ROI: 2.11% Traditional ROI: 7.65%
1155 Goldenrod Drive Houghton Lake, MI Large family home featuring 5 bdrms, 2 baths on three spacious wooded lots. Back of lots i...	5 beds \| 2 baths \| 2,115 sq.ft.	$205,000	Airbnb cash on cash: 9.49% Traditional cash on cash: 11.43% Airbnb Rental Income: $2939 Traditional Rental Income: $2638 Airbnb ROI: 9.49% Traditional ROI: 11.43%

Real Estate investment in Houghton-lake, MI

There are 97 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $181,891 and the average price per square foot is $121. In July 2026, the average monthly cash on cash return in Houghton Lake is 6.00%. The average monthly rental income in Houghton Lake is $1,929.

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

There are 97 investment properties available for sale in Houghton-lake.

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

The ROI for Long-Term is higher than the Short-Term in Houghton-lake with average rental income of $1,929.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

213 Barcome Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,456 sq.ft.

$175,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 11.5%

Airbnb Rental Income: $1572

Traditional Rental Income: $2335

Airbnb ROI: 4.22%

Traditional ROI: 11.5%

127 Mallard Avenue

Houghton Lake, MI

1 beds | 1 baths | 448 sq.ft.

$89,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 8.84%

Airbnb Rental Income: $737

Traditional Rental Income: $1141

Airbnb ROI: 0.61%

Traditional ROI: 8.84%

147 Snowflake Way

Houghton Lake, MI

3 beds | 2 baths | 1,380 sq.ft.

$285,000

Airbnb cash on cash: 2.03%

Traditional cash on cash: 6%

Airbnb Rental Income: $1572

Traditional Rental Income: $2186

Airbnb ROI: 2.03%

Traditional ROI: 6%

2413 Long Point Drive

Houghton Lake, MI

3 beds | 2 baths | 2,134 sq.ft.

$779,900

Airbnb cash on cash: 0.16%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1572

Traditional Rental Income: $2849

Airbnb ROI: 0.16%

Traditional ROI: 2.54%

124 Winding Drive

Houghton Lake, MI

3 beds | 2 baths | 1,800 sq.ft.

$280,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1572

Traditional Rental Income: $1875

Airbnb ROI: 2.31%

Traditional ROI: 5.17%

12739 E Houghton Lake Drive

Houghton Lake, MI

5 beds | 3 baths | 2,074 sq.ft.

$699,000

Airbnb cash on cash: 2.01%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $2939

Traditional Rental Income: $3257

Airbnb ROI: 2.01%

Traditional ROI: 3.53%

13508 W Shore Drive

Houghton Lake, MI

1 beds | 1 baths | 1,250 sq.ft.

$217,250

Airbnb cash on cash: -0.31%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $737

Traditional Rental Income: $1855

Airbnb ROI: -0.31%

Traditional ROI: 6.64%

10258 W Shore Drive

Houghton Lake, MI

3 beds | 1 baths | 1,196 sq.ft.

$570,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 1.6%

Airbnb Rental Income: $1572

Traditional Rental Income: $1935

Airbnb ROI: 0.07%