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
159 Dale Road Houghton Lake, MI Welcome to your dream waterfront retreat! This lake house offers 76 feet of prime frontage...	4 beds \| 2 baths \| 2,416 sq.ft.	$739,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.78% Airbnb Rental Income: $null Traditional Rental Income: $3059 Airbnb ROI: N/A Traditional ROI: 1.78%
108 Desoto Avenue Houghton Lake, MI This charming 2-bedroom, 1-bath home is the perfect fit for a weekend getaway, first-time ...	2 beds \| 1 baths \| N/A	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $1576 Airbnb ROI: N/A Traditional ROI: 9.36%
105 Marigold Lane Houghton Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bath, 2000 sq. ft. site-built home locate...	3 beds \| 2 baths \| 2,000 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.21% Airbnb Rental Income: $null Traditional Rental Income: $2709 Airbnb ROI: N/A Traditional ROI: 8.21%
3657 E Houghton Lake Drive Houghton Lake, MI Your dream home awaits with this 3-bedroom 1 bath remodeled log cabin 1 house from access ...	3 beds \| 1 baths \| 1,584 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $1896 Airbnb ROI: N/A Traditional ROI: 4.3%
2385 W Houghton Lake Drive Houghton Lake, MI Discover your perfect retreat. This spacious home boasts 2423 sq ft of comfortable living ...	4 beds \| 2 baths \| 2,423 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.15% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 4.15%
2457 S Townline Road Houghton Lake, MI Welcome to relaxed lake-life living on Houghton Lake! This cozy and comfortable 3-bedroom,...	3 beds \| 3 baths \| 768 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $2407 Airbnb ROI: N/A Traditional ROI: 6.38%
112 McKee Street Houghton Lake, MI Beautifully updated 2 bedroom, 2 bath home with deeded lake access just down the road and ...	2 beds \| 2 baths \| 950 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 6.48%
107 Pepperell Avenue Houghton Lake, MI $116 Per Square Foot for FRAME BUILT? Incredible! Two Separate Living Spaces, Finished Wal...	4 beds \| 3 baths \| 3,000 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.69% Airbnb Rental Income: $null Traditional Rental Income: $3194 Airbnb ROI: N/A Traditional ROI: 7.69%
5490 S Harrison Road Houghton Lake, MI This incredible 46-acre property truly has it all: a beautiful setting, multiple outbuildi...	2 beds \| 2 baths \| 1 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $2321 Airbnb ROI: N/A Traditional ROI: 4.6%
103 Grand Rapids Road Road Houghton Lake, MI The perfect opportunity for lake living! This property sits on calmer west side of Houghto...	2 beds \| 1 baths \| 960 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 8.96%
8110 Perry Road Houghton Lake, MI Welcome to Hidden Meadows Farm. Situated on almost 17 acres of gently rolling landscape, t...	3 beds \| 1 baths \| 1,374 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $1941 Airbnb ROI: N/A Traditional ROI: 3.63%
5407 W Houghton Lake Drive Houghton Lake, MI Looking to become a landlord and start profiting from real estate? Excellent income opport...	3 beds \| N/A baths \| N/A	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $1422 Airbnb ROI: N/A Traditional ROI: 5.97%
10913 E Houghton Lake Drive Houghton Lake, MI Incredible opportunity to own a lakefront cabin resort on the shores of Houghton Lake, Mic...	N/A beds \| N/A baths \| 6,476 sq.ft.	$1,190,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 0.36%
10090 Snowbowl Houghton Lake, MI Tucked deep within a forested landscape, this inviting woodland hideaway sits on 15 acres ...	2 beds \| 1 baths \| 1,650 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $1758 Airbnb ROI: N/A Traditional ROI: 4.23%
119 Wilson Avenue Houghton Lake, MI Lakefront cottage with 50 feet of beautiful frontage on Houghton Lake's peaceful southwest...	2 beds \| 1 baths \| 800 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $1586 Airbnb ROI: N/A Traditional ROI: 1.57%
1673 Goldenrod Drive Houghton Lake, MI MOTIVATED SELLER!!! Seller is offering a $2,500 flooring credit to Buyer. Welcome to your ...	3 beds \| 2 baths \| 1,250 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.65% Airbnb Rental Income: $null Traditional Rental Income: $2175 Airbnb ROI: N/A Traditional ROI: 10.65%
3441 N Townline Road Houghton Lake, MI Ready to escape the ordinary? This completely renovated home on 4+ acres is your ticket to...	3 beds \| 2 baths \| 1,611 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 4.95%
6698 Birdsong Road Houghton Lake, MI A great Barndominium located on 10 wooded acres in the country on a secluded, peaceful, qu...	1 beds \| 1 baths \| 900 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $1743 Airbnb ROI: N/A Traditional ROI: 4.17%
4860 W Houghton Lk Houghton Lake, MI Built in 2021, this stunning waterfront home offers 3 bedrooms and 3 baths, thoughtfully d...	3 beds \| 3 baths \| 2,607 sq.ft.	$659,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.06% Airbnb Rental Income: $null Traditional Rental Income: $3495 Airbnb ROI: N/A Traditional ROI: 3.06%
1750 S Loxley Road Houghton Lake, MI Move-In Ready Near the Water Surrounded by mature trees and set back for privacy, this bea...	3 beds \| 1 baths \| 1,282 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.38% Airbnb Rental Income: $null Traditional Rental Income: $1889 Airbnb ROI: N/A Traditional ROI: 10.38%
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.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.85% Airbnb Rental Income: $null Traditional Rental Income: $2513 Airbnb ROI: N/A Traditional ROI: 7.85%
1254 E Federal Ave Houghton Lake, MI Just the Right Price, Just the Right Place! This charming home offers the perfect blend of...	2 beds \| 1 baths \| 1,100 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.18% Airbnb Rental Income: $null Traditional Rental Income: $1987 Airbnb ROI: N/A Traditional ROI: 7.18%
113 Wells Street Houghton Lake, MI Snowmobiles and Side by Sides Come all. Enjoy our 22 thousand Acre, Houghton Lake. This ho...	3 beds \| 2 baths \| 1,300 sq.ft.	$274,700	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 7%
6545 W Emery Houghton Lake, MI Tucked away at the end of a long, private driveway, this 2-bedroom, 1-bathroom home offers...	2 beds \| 1 baths \| 1,100 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.99% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 4.99%
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: N/A Traditional cash on cash: 11.23% Airbnb Rental Income: $null Traditional Rental Income: $1661 Airbnb ROI: N/A Traditional ROI: 11.23%
6653 Dove Tail Houghton Lake, MI Welcome home to this beautiful and spacious property set on more than an acre of peaceful,...	3 beds \| 2 baths \| 1,800 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.54% Airbnb Rental Income: $null Traditional Rental Income: $2575 Airbnb ROI: N/A Traditional ROI: 11.54%
3610 Tower Hill Road Houghton Lake, MI Enjoy Up North living in this cozy 2-bed, 1-bath chalet featuring a tongue-and-groove pine...	2 beds \| 1 baths \| 900 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $1450 Airbnb ROI: N/A Traditional ROI: 7%
105 Northern Oaks Drive Houghton Lake, MI Welcome to 105 Northern Oaks Drive, a spacious 3-bedroom, 2-bath ranch nestled in one of H...	3 beds \| 2 baths \| 1,480 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.81% Airbnb Rental Income: $null Traditional Rental Income: $2360 Airbnb ROI: N/A Traditional ROI: 9.81%
4553 S Paradise Houghton Lake, MI This beautiful 3-bedroom, 1.5-bath, 1+ story cedar log cabin with a full finished walk-out...	2 beds \| 2 baths \| 1,342 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $2367 Airbnb ROI: N/A Traditional ROI: 5.45%
5453 W Houghton Lake Drive Houghton Lake, MI This beautifully remodeled/ updated Cabin features 3 bedrooms, 1 Bath with views of Hought...	3 beds \| 1 baths \| 1,048 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $1778 Airbnb ROI: N/A Traditional ROI: 7.31%
128 Wooden Key Drive Houghton Lake, MI PRICE REDUCED on this sharp 3 bed 2+ bath Ranch with daylight basement on a 1/2 acre lot i...	3 beds \| 2 baths \| 3,465 sq.ft.	$277,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.92% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 6.92%

Real Estate investment in Houghton-lake, MI

There are 57 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $164,500 and the average price per square foot is $163. In January 2026, the average monthly cash on cash return in Houghton Lake is 7.00%. The average monthly rental income in Houghton Lake is $1,581.

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

There are 57 investment properties available for sale in Houghton-lake.

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

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

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

159 Dale Road

Houghton Lake, MI

4 beds | 2 baths | 2,416 sq.ft.

$739,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.78%

Airbnb Rental Income: $null

Traditional Rental Income: $3059

Airbnb ROI: N/A

Traditional ROI: 1.78%

108 Desoto Avenue

Houghton Lake, MI

2 beds | 1 baths | N/A

$129,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $1576

Airbnb ROI: N/A

Traditional ROI: 9.36%

105 Marigold Lane

Houghton Lake, MI

3 beds | 2 baths | 2,000 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2709

Airbnb ROI: N/A

Traditional ROI: 8.21%

3657 E Houghton Lake Drive

Houghton Lake, MI

3 beds | 1 baths | 1,584 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.3%

Airbnb Rental Income: $null

Traditional Rental Income: $1896

Airbnb ROI: N/A

Traditional ROI: 4.3%

2385 W Houghton Lake Drive

Houghton Lake, MI

4 beds | 2 baths | 2,423 sq.ft.

$365,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.15%

Airbnb Rental Income: $null

Traditional Rental Income: $2380

Airbnb ROI: N/A

Traditional ROI: 4.15%

2457 S Townline Road

Houghton Lake, MI

3 beds | 3 baths | 768 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2407

Airbnb ROI: N/A

Traditional ROI: 6.38%

112 McKee Street

Houghton Lake, MI

2 beds | 2 baths | 950 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1852

Airbnb ROI: N/A

Traditional ROI: 6.48%

107 Pepperell Avenue

Houghton Lake, MI

4 beds | 3 baths | 3,000 sq.ft.

$349,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.69%

Airbnb Rental Income: $null

Traditional Rental Income: $3194

Airbnb ROI: N/A