Real Estate Investment Properties for Sale in Lake City, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1404 S Taxiway Delta Lake City, MI Charming & Spacious 2 Bed / 2 Bath Home with Garage Well maintained and move-in ready, thi...	2 beds \| 2 baths \| 1,216 sq.ft.	$150,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 11.23% Airbnb Rental Income: $998 Traditional Rental Income: $1977 Airbnb ROI: 1.93% Traditional ROI: 11.23%
6008 W Park St Lake City, MI EXCELLENT LOCATION with the lifestyle to match! Located just one block from beautiful Miss...	5 beds \| 2 baths \| 2,272 sq.ft.	$319,900	Airbnb cash on cash: 5.74% Traditional cash on cash: 3.67% Airbnb Rental Income: $3009 Traditional Rental Income: $1698 Airbnb ROI: 5.74% Traditional ROI: 3.67%
6770 W Redman Dr Lake City, MI Stunning panoramic views from this corner lot on Lake Missaukee! This 3 bedroom, 1 1/2 bat...	3 beds \| 1 baths \| 1,320 sq.ft.	$730,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 0.4% Airbnb Rental Income: $1688 Traditional Rental Income: $1565 Airbnb ROI: -0.11% Traditional ROI: 0.4%
6789 W Redman Dr Lake City, MI Great VRBO history!! Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, ...	3 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 0.69% Airbnb Rental Income: $1688 Traditional Rental Income: $2003 Airbnb ROI: -0.6% Traditional ROI: 0.69%
444 Westlane Dr Lake City, MI Enjoy peaceful country living on this beautiful 10.5-acre wooded property featuring a well...	3 beds \| 2 baths \| 1,040 sq.ft.	$299,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 6.97% Airbnb Rental Income: $1688 Traditional Rental Income: $2475 Airbnb ROI: 2.52% Traditional ROI: 6.97%
259 N Morey Rd Lake City, MI Lake City Living! Welcome home to this 2 bedroom(3rd non-conforming) and 2 bathroom home t...	3 beds \| 2 baths \| 1,178 sq.ft.	$229,900	Airbnb cash on cash: 3.02% Traditional cash on cash: 9.35% Airbnb Rental Income: $1688 Traditional Rental Income: $2596 Airbnb ROI: 3.02% Traditional ROI: 9.35%
5556 W Sanborn Rd Lake City, MI Welcome to your dream home! This brand-new, beautifully constructed 3-bedroom, 2-bath ranc...	3 beds \| 2 baths \| 1,556 sq.ft.	$339,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 5.41% Airbnb Rental Income: $1688 Traditional Rental Income: $2344 Airbnb ROI: 1.88% Traditional ROI: 5.41%
1061 N Anderson St Lake City, MI Your Northern Michigan adventure starts here! Nestled on nearly an acre, this inviting 2-b...	2 beds \| 1 baths \| 693 sq.ft.	$119,900	Airbnb cash on cash: 3.31% Traditional cash on cash: 9.25% Airbnb Rental Income: $998 Traditional Rental Income: $1330 Airbnb ROI: 3.31% Traditional ROI: 9.25%
8415 W Workman Rd Lake City, MI Welcome to your serene escape overlooking the Clam River! Built in 2009, this beautifully ...	3 beds \| 3 baths \| 2,100 sq.ft.	$599,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.39% Airbnb Rental Income: $1688 Traditional Rental Income: $3364 Airbnb ROI: 0.56% Traditional ROI: 4.39%
4774 S Lachance Rd Lake City, MI Escape to the peace and simplicity of Northern Michigan living with this well-maintained 3...	3 beds \| 1 baths \| 1,107 sq.ft.	$170,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 7.77% Airbnb Rental Income: $1688 Traditional Rental Income: $1745 Airbnb ROI: 4.52% Traditional ROI: 7.77%
7039 W White Birch Ave Lake City, MI Lake Missaukee living made effortless! Nestled on Lake City's 1,880-acre, all-sports lake,...	3 beds \| 2 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.09% Airbnb Rental Income: $1688 Traditional Rental Income: $3145 Airbnb ROI: -0.21% Traditional ROI: 2.09%
1404 S Taxiway Delta Lot : 4-6 Lake City, MI Charming & Spacious 2 Bed / 2 Bath Home with Garage Well maintained and move-in ready, thi...	2 beds \| 2 baths \| 1,216 sq.ft.	$150,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 11.81% Airbnb Rental Income: $998 Traditional Rental Income: $1977 Airbnb ROI: 2.51% Traditional ROI: 11.81%
8303 W Sapphire Lake City, MI 8303 W Sapphire, Lake City, MI 49651 \| Single Family Residential	6 beds \| 3 baths \| 2,800 sq.ft.	$739,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 1.88% Airbnb Rental Income: $3009 Traditional Rental Income: $3138 Airbnb ROI: 0.7% Traditional ROI: 1.88%
6789 W Redman Dr Lot : 42 Lake City, MI 6789 W Redman Dr Lot : 42, Lake City, MI 49651 \| Single Family Residential	4 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 1.07% Airbnb Rental Income: $1487 Traditional Rental Income: $2274 Airbnb ROI: -0.95% Traditional ROI: 1.07%
VL Forward Lake City, MI VL Forward, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$139,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 2.76% Airbnb Rental Income: $620 Traditional Rental Income: $800 Airbnb ROI: -0.76% Traditional ROI: 2.76%
222 N Main St Lake City, MI 222 N Main St, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$64,900	Airbnb cash on cash: 1.15% Traditional cash on cash: 8.48% Airbnb Rental Income: $620 Traditional Rental Income: $802 Airbnb ROI: 1.15% Traditional ROI: 8.48%
248 S Carolyn Dr Lake City, MI Pure Michigan at its most refined-set along the crystal-clear shores of Lake Missaukee, th...	5 beds \| 3 baths \| 1,884 sq.ft.	$1,399,999	Airbnb cash on cash: 0.17% Traditional cash on cash: 1.08% Airbnb Rental Income: $3009 Traditional Rental Income: $3496 Airbnb ROI: 0.17% Traditional ROI: 1.08%
7049 W White Birch Ave Lake City, MI Lake Missaukee living at its best. This 3-bedroom, 1.5-bath home in Lettich Cove offers pr...	3 beds \| 1 baths \| 1,408 sq.ft.	$449,900	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.12% Airbnb Rental Income: $1688 Traditional Rental Income: $2524 Airbnb ROI: 1.02% Traditional ROI: 4.12%
602 S King St Lake City, MI Welcome to one of the most unique opportunities in Lake City. This newly built 3-bedroom, ...	3 beds \| 2 baths \| 1,384 sq.ft.	$499,900	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.74% Airbnb Rental Income: $1688 Traditional Rental Income: $2558 Airbnb ROI: -0.12% Traditional ROI: 2.74%
2561 E Johnson Rd Lake City, MI Escape to your own Pure Michigan retreat with this charming 3-bedroom log home set on 15.7...	3 beds \| 1 baths \| 1,300 sq.ft.	$265,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 4.56% Airbnb Rental Income: $1688 Traditional Rental Income: $1862 Airbnb ROI: 1.98% Traditional ROI: 4.56%
1876 S Schneider St Lake City, MI 1876 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,560 sq.ft.	$399,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.75% Airbnb Rental Income: $1688 Traditional Rental Income: $2826 Airbnb ROI: 0.46% Traditional ROI: 4.75%
980 N Stevens Rd Lake City, MI Charming country setting just outside of Lake City! This 2-bedroom, 1-bath home sits on a ...	2 beds \| 1 baths \| 1,008 sq.ft.	$184,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 6.88% Airbnb Rental Income: $998 Traditional Rental Income: $1647 Airbnb ROI: 1.17% Traditional ROI: 6.88%
00 Forward Lake City, MI 00 Forward, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$234,900	Airbnb cash on cash: -1.46% Traditional cash on cash: 1.19% Airbnb Rental Income: $620 Traditional Rental Income: $916 Airbnb ROI: -1.46% Traditional ROI: 1.19%
2255 Wenonah Trl Lake City, MI Nestled on 89 ft. of private frontage along peaceful Dyer Lake, this beautifully remodeled...	3 beds \| 2 baths \| 1,724 sq.ft.	$399,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 5.87% Airbnb Rental Income: $1688 Traditional Rental Income: $2894 Airbnb ROI: 1.4% Traditional ROI: 5.87%
10403 W Round Lake Rd Lake City, MI Welcome home to this beautifully 2024 built 3-bedroom, 2-bath ranch tucked away on a seren...	3 beds \| 2 baths \| 960 sq.ft.	$215,900	Airbnb cash on cash: 4.27% Traditional cash on cash: 8.67% Airbnb Rental Income: $1688 Traditional Rental Income: $2117 Airbnb ROI: 4.27% Traditional ROI: 8.67%
1504 S Birchaven Bch Lake City, MI Dreaming of the those warm summer days, how about sitting on a large deck watching an unbe...	3 beds \| 2 baths \| 1,100 sq.ft.	$664,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 0.67% Airbnb Rental Income: $1688 Traditional Rental Income: $2075 Airbnb ROI: -0.72% Traditional ROI: 0.67%
1988 S Schneider Street Lake City, MI Welcome to this well-maintained 3-bedroom, 2-bath home situated on a spacious lot overlook...	3 beds \| 2 baths \| 1,804 sq.ft.	$625,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.47% Airbnb Rental Income: $1688 Traditional Rental Income: $2743 Airbnb ROI: 0.85% Traditional ROI: 3.47%
1988 S Schneider St Lake City, MI 1988 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 952 sq.ft.	$625,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.46% Airbnb Rental Income: $1688 Traditional Rental Income: $2420 Airbnb ROI: -0.6% Traditional ROI: 1.46%
2181 S McGee Road Lake City, MI COUNTRY LIVING AT ITS BEST! Situated on 8 beautiful acres just 4 miles from Lake City, thi...	3 beds \| 2 baths \| 1,551 sq.ft.	$324,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 6.78% Airbnb Rental Income: $1688 Traditional Rental Income: $2657 Airbnb ROI: 2.07% Traditional ROI: 6.78%
4690 E Houghton Lake Rd Lake City, MI Welcome to a truly exceptional country estate where luxury, comfort, and functionality com...	4 beds \| 3 baths \| 1,805 sq.ft.	$439,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 7.21% Airbnb Rental Income: $1487 Traditional Rental Income: $3691 Airbnb ROI: 0.8% Traditional ROI: 7.21%
401 N Main Street Lake City, MI EXCELLENT LOCATION with the lifestyle to match! Just two blocks from beautiful Lake Missau...	3 beds \| 1 baths \| 1,582 sq.ft.	$199,900	Airbnb cash on cash: 4.24% Traditional cash on cash: 7.51% Airbnb Rental Income: $1688 Traditional Rental Income: $1838 Airbnb ROI: 4.24% Traditional ROI: 7.51%
3351 S Dickerson Rd Lake City, MI 3351 S Dickerson Rd, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,530 sq.ft.	$329,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 5.19% Airbnb Rental Income: $1688 Traditional Rental Income: $2484 Airbnb ROI: 1.11% Traditional ROI: 5.19%
6783 W Northshore Dr Lake City, MI 6783 W Northshore Dr, Lake City, MI 49651 \| Single Family Residential	3 beds \| 1 baths \| 1,376 sq.ft.	$399,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.21% Airbnb Rental Income: $1688 Traditional Rental Income: $1867 Airbnb ROI: 0.48% Traditional ROI: 2.21%
4011 W Forest Rd Lake City, MI 4011 W Forest Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$429,000	Airbnb cash on cash: -1.94% Traditional cash on cash: -0.49% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -1.94% Traditional ROI: -0.49%
Parcel C Seeley Rd Lake City, MI Parcel C Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$200,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 1.8% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -1.28% Traditional ROI: 1.8%
Parcel A Seeley Rd Lake City, MI Parcel A Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.93% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -0.08% Traditional ROI: 5.93%
Parcel B Seeley Rd Lake City, MI Parcel B Seeley Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$100,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.93% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -0.08% Traditional ROI: 5.93%
9440 W Oak Dr Lake City, MI 9440 W Oak Dr, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$94,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 6.15% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -0.16% Traditional ROI: 6.15%
5905 E Moorestown Rd Lake City, MI Welcome to your own slice of Northern Michigan! Nestled on 5.04 acres, this 2 bedroom, 2.5...	2 beds \| 2 baths \| 1,700 sq.ft.	$260,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 5.49% Airbnb Rental Income: $998 Traditional Rental Income: $2060 Airbnb ROI: -0.28% Traditional ROI: 5.49%
10384 W Rosted Rd Lake City, MI 10384 W Rosted Rd, Lake City, MI 49651 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.94% Airbnb Rental Income: $620 Traditional Rental Income: $912 Airbnb ROI: -0.08% Traditional ROI: 5.94%

Real Estate investment in Lake-city, MI

There are 74 properties for sale in the city of Lake City . The median list price in Lake City is $205,877 and the average price per square foot is $113. In August 2026, the average monthly cash on cash return in Lake City is 6.00%. The average monthly rental income in Lake City is $1,908.

Lake-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 74 investment properties available for sale in Lake-city.

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

The ROI for Long-Term is higher than the Short-Term in Lake-city with average rental income of $1,908.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

1404 S Taxiway Delta

Lake City, MI

2 beds | 2 baths | 1,216 sq.ft.

$150,000

Airbnb cash on cash: 1.93%

Traditional cash on cash: 11.23%

Airbnb Rental Income: $998

Traditional Rental Income: $1977

Airbnb ROI: 1.93%

Traditional ROI: 11.23%

6008 W Park St

Lake City, MI

5 beds | 2 baths | 2,272 sq.ft.

$319,900

Airbnb cash on cash: 5.74%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $3009

Traditional Rental Income: $1698

Airbnb ROI: 5.74%

Traditional ROI: 3.67%

6770 W Redman Dr

Lake City, MI

3 beds | 1 baths | 1,320 sq.ft.

$730,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 0.4%

Airbnb Rental Income: $1688

Traditional Rental Income: $1565

Airbnb ROI: -0.11%

Traditional ROI: 0.4%

6789 W Redman Dr

Lake City, MI

3 beds | 2 baths | 1,728 sq.ft.

$649,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1688

Traditional Rental Income: $2003

Airbnb ROI: -0.6%

Traditional ROI: 0.69%

444 Westlane Dr

Lake City, MI

3 beds | 2 baths | 1,040 sq.ft.

$299,900

Airbnb cash on cash: 2.52%

Traditional cash on cash: 6.97%

Airbnb Rental Income: $1688

Traditional Rental Income: $2475

Airbnb ROI: 2.52%

Traditional ROI: 6.97%

259 N Morey Rd

Lake City, MI

3 beds | 2 baths | 1,178 sq.ft.

$229,900

Airbnb cash on cash: 3.02%

Traditional cash on cash: 9.35%

Airbnb Rental Income: $1688

Traditional Rental Income: $2596

Airbnb ROI: 3.02%

Traditional ROI: 9.35%

5556 W Sanborn Rd

Lake City, MI

3 beds | 2 baths | 1,556 sq.ft.

$339,900

Airbnb cash on cash: 1.88%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $1688

Traditional Rental Income: $2344

Airbnb ROI: 1.88%

Traditional ROI: 5.41%

1061 N Anderson St

Lake City, MI

2 beds | 1 baths | 693 sq.ft.

$119,900

Airbnb cash on cash: 3.31%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $998

Traditional Rental Income: $1330

Airbnb ROI: 3.31%