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
130 Frisco Drive Houghton Lake, MI Houghton Lake home in one of the area's most prestigious neighborhoods--over 2,400 sq ft a...	4 beds \| 3 baths \| 3,680 sq.ft.	$479,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.22% Airbnb Rental Income: $1426 Traditional Rental Income: $3116 Airbnb ROI: -0.5% Traditional ROI: 4.22%
142 Winding Drive Houghton Lake, MI It doesn't get any better than this. It has it all. Living room, Kitchen Dining area. Thre...	4 beds \| 2 baths \| 1,204 sq.ft.	$269,900	Airbnb cash on cash: 2% Traditional cash on cash: 5.93% Airbnb Rental Income: $1426 Traditional Rental Income: $1999 Airbnb ROI: 2% Traditional ROI: 5.93%
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.	$820,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.87% Airbnb Rental Income: $1673 Traditional Rental Income: $3257 Airbnb ROI: 0.18% Traditional ROI: 2.87%
3860 Tower Hill Road Houghton Lake, MI Welcome to Your Up North Paradise! Experience the perfect blend of comfort, style, and out...	3 beds \| 1 baths \| 900 sq.ft.	$179,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 6.55% Airbnb Rental Income: $1120 Traditional Rental Income: $1461 Airbnb ROI: 2.35% Traditional ROI: 6.55%
13508 W Shore Drive Houghton Lake, MI Charming Cottage Just Steps from Houghton Lake Access! Looking for a year-round residence,...	2 beds \| 1 baths \| 1,250 sq.ft.	$229,900	Airbnb cash on cash: -0.83% Traditional cash on cash: 6.23% Airbnb Rental Income: $611 Traditional Rental Income: $1855 Airbnb ROI: -0.83% Traditional ROI: 6.23%
125 Whitebirch Drive Houghton Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bath home in the heart of Houghton Lake! ...	3 beds \| 2 baths \| 1,766 sq.ft.	$234,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 9.2% Airbnb Rental Income: $1120 Traditional Rental Income: $2458 Airbnb ROI: 1.48% Traditional ROI: 9.2%
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.	$499,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 3.06% Airbnb Rental Income: $1120 Traditional Rental Income: $2332 Airbnb ROI: -0.33% Traditional ROI: 3.06%
3657 E Houghton Lake Drive Houghton Lake, MI Escape up north in this remodeled log cabin just one home from public road end access to H...	3 beds \| 1 baths \| 1,584 sq.ft.	$324,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.7% Airbnb Rental Income: $1120 Traditional Rental Income: $1896 Airbnb ROI: 0.93% Traditional ROI: 4.7%
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: 0.12% Traditional cash on cash: 4.15% Airbnb Rental Income: $1426 Traditional Rental Income: $2380 Airbnb ROI: 0.12% Traditional ROI: 4.15%
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.	$999,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.41% Airbnb Rental Income: $1120 Traditional Rental Income: $1835 Airbnb ROI: -0.76% Traditional ROI: 0.41%
6366 W Houghton Lake Drive unit: 7/8 Houghton Lake, MI Enjoy lake life without the upkeep! This 2-bedroom, 2-bath condo offers shared lakefront a...	2 beds \| 2 baths \| 800 sq.ft.	$114,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 11.48% Airbnb Rental Income: $611 Traditional Rental Income: $1602 Airbnb ROI: -0.07% Traditional ROI: 11.48%
1604 E Houghton Lake Drive Houghton Lake, MI Looking for an affordable way to enjoy lake life? This charming and beautifully updated 1-...	1 beds \| 1 baths \| 475 sq.ft.	$119,900	Airbnb cash on cash: -1.69% Traditional cash on cash: 9.14% Airbnb Rental Income: $329 Traditional Rental Income: $1338 Airbnb ROI: -1.69% Traditional ROI: 9.14%
1504 Houghton View Drive Houghton Lake, MI This comfortable cottage, holds an updated bathroom, 2 large bedrooms and a breezeway area...	2 beds \| 1 baths \| 1,214 sq.ft.	$379,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.72% Airbnb Rental Income: $611 Traditional Rental Income: $2074 Airbnb ROI: -1.21% Traditional ROI: 3.72%
7571 E Houghton Lake Drive Houghton Lake, MI SUNRISES & SUNSETS ON HOUGHTON LAKE'S NORTH SHORE! This freshly remodeled cottage has 150'...	3 beds \| 1 baths \| 900 sq.ft.	$250,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.13% Airbnb Rental Income: $1120 Traditional Rental Income: $1575 Airbnb ROI: 0.61% Traditional ROI: 4.13%
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.	$349,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.28% Airbnb Rental Income: $1120 Traditional Rental Income: $1941 Airbnb ROI: 0.64% Traditional ROI: 4.28%
206 Joliet Avenue Houghton Lake, MI This 1520 square foot 3 bedroom, 2 bath home was recently converted from an existing garag...	3 beds \| 2 baths \| 1,520 sq.ft.	$249,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 7.98% Airbnb Rental Income: $1120 Traditional Rental Income: $2572 Airbnb ROI: 0.24% Traditional ROI: 7.98%
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.	$145,500	Airbnb cash on cash: -0.8% Traditional cash on cash: 7.63% Airbnb Rental Income: $611 Traditional Rental Income: $1494 Airbnb ROI: -0.8% Traditional ROI: 7.63%
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: -1.01% Traditional cash on cash: 0.36% Airbnb Rental Income: $675 Traditional Rental Income: $1892 Airbnb ROI: -1.01% Traditional ROI: 0.36%
3974 W Houghton Lake Drive Houghton Lake, MI Well-maintained cabin just steps away from the shared beachfront on beautiful Houghton Lak...	2 beds \| 1 baths \| 480 sq.ft.	$145,500	Airbnb cash on cash: -2.08% Traditional cash on cash: 10.59% Airbnb Rental Income: $611 Traditional Rental Income: $2086 Airbnb ROI: -2.08% Traditional ROI: 10.59%
2980 E Houghton Lake Drive Houghton Lake, MI Charming 3-bedroom, 1-bath home situated on 2.5 acres just a stone's throw from beautiful ...	3 beds \| 2 baths \| 1,128 sq.ft.	$229,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 5.49% Airbnb Rental Income: $1120 Traditional Rental Income: $1828 Airbnb ROI: 0.49% Traditional ROI: 5.49%
1750 S Loxley Road Houghton Lake, MI Tucked just off the main drag in Houghton Lake, this beautifully remodeled three-bedroom, ...	3 beds \| 1 baths \| 2 sq.ft.	$159,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 9.62% Airbnb Rental Income: $1120 Traditional Rental Income: $1889 Airbnb ROI: 2.12% Traditional ROI: 9.62%
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: 1.18% Traditional cash on cash: 7% Airbnb Rental Income: $1120 Traditional Rental Income: $2252 Airbnb ROI: 1.18% Traditional ROI: 7%
3441 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.	$410,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 5.36% Airbnb Rental Income: $1120 Traditional Rental Income: $2685 Airbnb ROI: 0.31% Traditional ROI: 5.36%
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.	$225,000	Airbnb cash on cash: 3.62% Traditional cash on cash: 10.35% Airbnb Rental Income: $1673 Traditional Rental Income: $2638 Airbnb ROI: 3.62% Traditional ROI: 10.35%
5257/5259 W Houghton Lake Drive Houghton Lake, MI Rebuilt and beautifully renovated, this home offers stunning lake views of the South Shore...	5 beds \| 5 baths \| 2,680 sq.ft.	$550,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.05% Airbnb Rental Income: $1673 Traditional Rental Income: $2448 Airbnb ROI: -0.36% Traditional ROI: 2.05%
2229 S Loxley Road Houghton Lake, MI Tucked away on 2 acres along a shared private drive, this beautifully custom-built home ov...	3 beds \| 3 baths \| 3,800 sq.ft.	$609,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.47% Airbnb Rental Income: $1120 Traditional Rental Income: $2936 Airbnb ROI: -1.38% Traditional ROI: 2.47%
673 Goldenrod Drive Houghton Lake, MI Turn-key and ready for you! This beautifully maintained 2 bedroom, 2 bath home offers an i...	2 beds \| 2 baths \| 940 sq.ft.	$139,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 10.15% Airbnb Rental Income: $611 Traditional Rental Income: $1736 Airbnb ROI: -0.4% Traditional ROI: 10.15%
3108 S Loxley Road Houghton Lake, MI Exactly what you've been looking for -- a fixer-upper mobile home with well and septic on ...	2 beds \| 1 baths \| 798 sq.ft.	$119,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 9.42% Airbnb Rental Income: $611 Traditional Rental Income: $1472 Airbnb ROI: -0.54% Traditional ROI: 9.42%
304 Oliver Street Houghton Lake, MI This large year-round home offers space, character, and a great location just three short ...	3 beds \| 2 baths \| 1,676 sq.ft.	$168,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 11.89% Airbnb Rental Income: $1120 Traditional Rental Income: $2400 Airbnb ROI: 1.55% Traditional ROI: 11.89%
3974 W HOUGHTON LAKE DRIVE UNIT #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.	$145,500	Airbnb cash on cash: -0.88% Traditional cash on cash: 5.53% Airbnb Rental Income: $611 Traditional Rental Income: $1213 Airbnb ROI: -0.88% Traditional ROI: 5.53%
115 Miami Drive Houghton Lake, MI New canal-front listing on Houghton Lake offering 120 ft of frontage! Beautiful views from...	3 beds \| 2 baths \| 2,140 sq.ft.	$525,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 2.78% Airbnb Rental Income: $1120 Traditional Rental Income: $2696 Airbnb ROI: -1.2% Traditional ROI: 2.78%
459 McDonald Drive Houghton Lake, MI Charming 2 bedroom, 1 bath home that has been completely remodeled and tastefully updated....	2 beds \| 1 baths \| 768 sq.ft.	$169,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 5.81% Airbnb Rental Income: $611 Traditional Rental Income: $1345 Airbnb ROI: -0.55% Traditional ROI: 5.81%
102 Dockside Drive Houghton Lake, MI 117 ft on the canal of Houghton Lake in a highly sought-after neighborhood! This 3 bedroom...	3 beds \| 2 baths \| 1,400 sq.ft.	$449,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.77% Airbnb Rental Income: $1120 Traditional Rental Income: $2371 Airbnb ROI: -0.09% Traditional ROI: 3.77%
2077 Long Point Drive Houghton Lake, MI This immaculate lakefront home on Houghton Lake is truly turn-key, offering a 2-car heated...	2 beds \| 1 baths \| 1,656 sq.ft.	$499,900	Airbnb cash on cash: -2.04% Traditional cash on cash: -0.57% Airbnb Rental Income: $611 Traditional Rental Income: $1010 Airbnb ROI: -2.04% Traditional ROI: -0.57%

Real Estate investment in Houghton-lake, MI

There are 44 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $234,900 and the average price per square foot is $155. In April 2026, the average monthly cash on cash return in Houghton Lake is 6.00%. The average monthly rental income in Houghton Lake is $1,961.

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

There are 44 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 $1,120.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

130 Frisco Drive

Houghton Lake, MI

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

$479,000

Airbnb cash on cash: -0.5%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $1426

Traditional Rental Income: $3116

Airbnb ROI: -0.5%

Traditional ROI: 4.22%

142 Winding Drive

Houghton Lake, MI

4 beds | 2 baths | 1,204 sq.ft.

$269,900

Airbnb cash on cash: 2%

Traditional cash on cash: 5.93%

Airbnb Rental Income: $1426

Traditional Rental Income: $1999

Airbnb ROI: 2%

Traditional ROI: 5.93%

12739 E Houghton Lake Drive

Houghton Lake, MI

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

$820,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $1673

Traditional Rental Income: $3257

Airbnb ROI: 0.18%

Traditional ROI: 2.87%

3860 Tower Hill Road

Houghton Lake, MI

3 beds | 1 baths | 900 sq.ft.

$179,000

Airbnb cash on cash: 2.35%

Traditional cash on cash: 6.55%

Airbnb Rental Income: $1120

Traditional Rental Income: $1461

Airbnb ROI: 2.35%

Traditional ROI: 6.55%

13508 W Shore Drive

Houghton Lake, MI

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

$229,900

Airbnb cash on cash: -0.83%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $611

Traditional Rental Income: $1855

Airbnb ROI: -0.83%

Traditional ROI: 6.23%

125 Whitebirch Drive

Houghton Lake, MI

3 beds | 2 baths | 1,766 sq.ft.

$234,900

Airbnb cash on cash: 1.48%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $1120

Traditional Rental Income: $2458

Airbnb ROI: 1.48%

Traditional ROI: 9.2%

108 Eastbrook Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,260 sq.ft.

$499,900

Airbnb cash on cash: -0.33%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1120

Traditional Rental Income: $2332

Airbnb ROI: -0.33%

Traditional ROI: 3.06%

3657 E Houghton Lake Drive

Houghton Lake, MI

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

$324,900

Airbnb cash on cash: 0.93%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $1120

Traditional Rental Income: $1896

Airbnb ROI: 0.93%