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.

Single Family Homes for Sale in Lake City, MI

Search for Single Family Residential for Sale in Lake City, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 40 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
327 S Gladwin Street Lake City, MI Located near downtown Lake City, this 2-bedroom, 2-bath home offers comfort and convenienc...	2 beds \| 2 baths \| 1,250 sq.ft.	$159,900	Airbnb cash on cash: -1.46% Traditional cash on cash: 8.51% Airbnb Rental Income: $698 Traditional Rental Income: $1914 Airbnb ROI: -1.46% Traditional ROI: 8.51%
1550 S Chippewa Lake City, MI This cozy 3 bedroom, 1 bath home is nestled in the woods on 4 lots. It is located right ne...	3 beds \| 1 baths \| 1,075 sq.ft.	$220,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 3.38% Airbnb Rental Income: $1028 Traditional Rental Income: $1148 Airbnb ROI: 1.07% Traditional ROI: 3.38%
407 S Lakeshore Dr Lake City, MI Stunning Views of Lake Missaukee â Luxury, Charm, and Value in One Perfectly positioned...	3 beds \| 2 baths \| 1,608 sq.ft.	$449,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 4.83% Airbnb Rental Income: $1028 Traditional Rental Income: $2931 Airbnb ROI: -0.54% Traditional ROI: 4.83%
8251 W Sapphire Lake City, MI Own a piece of Northern Michigan Lake frontage for a reasonable price! Check out this ador...	2 beds \| 1 baths \| 816 sq.ft.	$375,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 1.99% Airbnb Rental Income: $698 Traditional Rental Income: $1576 Airbnb ROI: -1.38% Traditional ROI: 1.99%
6789 W Redman Dr Lake City, MI Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, 2.5-bath storybook co...	3 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -1.3% Traditional cash on cash: 0.69% Airbnb Rental Income: $1185 Traditional Rental Income: $2003 Airbnb ROI: -1.3% Traditional ROI: 0.69%
2183 Wenonah Trail Lake City, MI Set along the peaceful shores of Dyer Lake, this charming three-bedroom, one-bath cottage ...	3 beds \| 1 baths \| 868 sq.ft.	$325,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.24% Airbnb Rental Income: $1028 Traditional Rental Income: $1195 Airbnb ROI: -0.48% Traditional ROI: 1.24%
259 N Morey Rd Lake City, MI Welcome to 259 N Morey Rd, Lake City, MI 49651! This 1.06-acre property is fully fenced, e...	3 beds \| 2 baths \| 1,178 sq.ft.	$249,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 8.99% Airbnb Rental Income: $1028 Traditional Rental Income: $2596 Airbnb ROI: 0.79% Traditional ROI: 8.99%
1900 Pavilion Dr Lake City, MI This charming log cottage has a newly painted exterior and features 3 bedrooms, 1 bath, an...	3 beds \| 1 baths \| 1,004 sq.ft.	$185,900	Airbnb cash on cash: 1.26% Traditional cash on cash: 7.96% Airbnb Rental Income: $1028 Traditional Rental Income: $1852 Airbnb ROI: 1.26% Traditional ROI: 7.96%
1264 Birchaven Bch Lake City, MI Come see why life is better at the lake. Your waterfront dream awaits! Welcome Home to...	5 beds \| 2 baths \| 1,800 sq.ft.	$749,900	Airbnb cash on cash: -0.97% Traditional cash on cash: 2.43% Airbnb Rental Income: $1097 Traditional Rental Income: $3102 Airbnb ROI: -0.97% Traditional ROI: 2.43%
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 \| 2,147 sq.ft.	$599,900	Airbnb cash on cash: -0.42% Traditional cash on cash: 4.39% Airbnb Rental Income: $1028 Traditional Rental Income: $3364 Airbnb ROI: -0.42% Traditional ROI: 4.39%
301 N Main Street Lake City, MI Motivated seller and this is a steal of a deal. Check out this beautiful home in Lake City...	4 beds \| 3 baths \| 3,035 sq.ft.	$225,000	Airbnb cash on cash: -1% Traditional cash on cash: 11.51% Airbnb Rental Income: $1185 Traditional Rental Income: $3462 Airbnb ROI: -1% Traditional ROI: 11.51%
180 E Sanborn Rd Lake City, MI Completely renovated three-bedroom, three-bath home on nine acres just east of Lake City. ...	3 beds \| 2 baths \| 1,344 sq.ft.	$279,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 7.11% Airbnb Rental Income: $1028 Traditional Rental Income: $2331 Airbnb ROI: 0.8% Traditional ROI: 7.11%
7039 W White Birch Ave Lake City, MI Lake Missaukee living made effortless! Nestled on Lake Cityâs 1,880-acre, all-sports lak...	3 beds \| 2 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.09% Airbnb Rental Income: $1028 Traditional Rental Income: $3145 Airbnb ROI: -0.87% 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.	$159,900	Airbnb cash on cash: 0.66% Traditional cash on cash: 11.04% Airbnb Rental Income: $698 Traditional Rental Income: $1977 Airbnb ROI: 0.66% Traditional ROI: 11.04%
2370 N Morey Rd Lake City, MI Charming Farmhouse on Historic "Plank Hill" â 12.5 Acres with Huge Pole Barn Step back ...	1 beds \| 1 baths \| 720 sq.ft.	$219,900	Airbnb cash on cash: -1.57% Traditional cash on cash: 4.61% Airbnb Rental Income: $329 Traditional Rental Income: $1372 Airbnb ROI: -1.57% Traditional ROI: 4.61%
1667 E Walker Road Lake City, MI 40-Acre Turnkey Hunting Retreat â Lake City, MI Just 10 minutes outside of Lake City, do...	4 beds \| 1 baths \| 1,708 sq.ft.	$229,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 7.35% Airbnb Rental Income: $1185 Traditional Rental Income: $2072 Airbnb ROI: 1.49% Traditional ROI: 7.35%
10242 N 7 Mile Rd Lake City, MI Secluded 5-Acre Retreat Backed by State Land â Modern Comfort in the Middle of the Woods...	3 beds \| 2 baths \| 1,200 sq.ft.	$205,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 8.52% Airbnb Rental Income: $1028 Traditional Rental Income: $2097 Airbnb ROI: 1.17% Traditional ROI: 8.52%
1779 S Green Rd Lake City, MI Are you kidding...a cottage on beautiful all-sports Lake Missaukee for under $500,000. 70'...	2 beds \| 1 baths \| 600 sq.ft.	$429,000	Airbnb cash on cash: -1.49% Traditional cash on cash: 1.14% Airbnb Rental Income: $698 Traditional Rental Income: $1498 Airbnb ROI: -1.49% Traditional ROI: 1.14%
9321 W Oak Dr Lake City, MI This beautiful waterfront 4-bedroom 2-full bath cottage provides lots of room for the whol...	5 beds \| 2 baths \| 1,550 sq.ft.	$519,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 3.32% Airbnb Rental Income: $1097 Traditional Rental Income: $2770 Airbnb ROI: -0.89% Traditional ROI: 3.32%
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: -1.61% Traditional cash on cash: 1.88% Airbnb Rental Income: $1097 Traditional Rental Income: $3138 Airbnb ROI: -1.61% 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: -1.37% Traditional cash on cash: 1.07% Airbnb Rental Income: $1185 Traditional Rental Income: $2274 Airbnb ROI: -1.37% Traditional ROI: 1.07%
8320 W Whispering Pine Circle Lake City, MI Located on a peaceful .54-acre lot conveniently located between Cadillac and Lake City, th...	3 beds \| 2 baths \| 1,822 sq.ft.	$214,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 11.58% Airbnb Rental Income: $1028 Traditional Rental Income: $2801 Airbnb ROI: 1.11% Traditional ROI: 11.58%
248 S Carolyn Dr Lake City, MI Pure Michigan at its most refinedâset along the crystal-clear shores of Lake Missaukee, ...	5 beds \| 3 baths \| 3,768 sq.ft.	$1,399,999	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.08% Airbnb Rental Income: $1097 Traditional Rental Income: $3496 Airbnb ROI: -1.05% Traditional ROI: 1.08%
1333 W Houghton Lake Road Lake City, MI Welcome to country living less than 5 miles east of Lake City. This 3 bedroom, 2 bath home...	3 beds \| 2 baths \| 1,007 sq.ft.	$144,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 11.59% Airbnb Rental Income: $1028 Traditional Rental Income: $1905 Airbnb ROI: 2.68% Traditional ROI: 11.59%
8299 W Walker Rd Lake City, MI Discover a truly rare opportunity to own 80 pristine wooded acres in Northern Michigan, a ...	2 beds \| 1 baths \| 820 sq.ft.	$529,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.42% Airbnb Rental Income: $null Traditional Rental Income: $1443 Airbnb ROI: N/A Traditional ROI: 1.42%
111 S Dana Trl Lake City, MI Welcome to life on the waterâwhere every day begins with peaceful lake views and ends wi...	3 beds \| 2 baths \| 1,865 sq.ft.	$619,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 2.97% Airbnb Rental Income: $1028 Traditional Rental Income: $2823 Airbnb ROI: -0.75% Traditional ROI: 2.97%
8251 W Sapphire Lot : 95-99 Lake City, MI 8251 W Sapphire Lot : 95-99 Lot: 95-99, Lake City, MI 49651 \| Single Family Residential	2 beds \| 1 baths \| 816 sq.ft.	$375,000	Airbnb cash on cash: -1.7% Traditional cash on cash: 0.78% Airbnb Rental Income: $698 Traditional Rental Income: $1268 Airbnb ROI: -1.7% Traditional ROI: 0.78%
1550 S Chippewa Lot : 29-32 Lake City, MI 1550 S Chippewa Lot : 29-32, Lake City, MI 49651 \| Single Family Residential	3 beds \| 1 baths \| 1,075 sq.ft.	$220,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.86% Airbnb Rental Income: $1028 Traditional Rental Income: $1640 Airbnb ROI: 0.19% Traditional ROI: 4.86%
515 S Gladwin Street Lake City, MI Located just one block from Lake Missaukee, this well-maintained 3 bedroom 2 bath ranch pu...	3 beds \| 2 baths \| 1,704 sq.ft.	$294,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 6.39% Airbnb Rental Income: $1028 Traditional Rental Income: $2344 Airbnb ROI: 0.36% Traditional ROI: 6.39%
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.	$520,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 3.44% Airbnb Rental Income: $1028 Traditional Rental Income: $2524 Airbnb ROI: -0.38% Traditional ROI: 3.44%
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: -1.3% Traditional cash on cash: 2.74% Airbnb Rental Income: $1028 Traditional Rental Income: $2558 Airbnb ROI: -1.3% Traditional ROI: 2.74%
1916 S Rose Avenue Lake City, MI Close to beautiful Lake Missaukee, this charming 3-bedroom, 1.5-bath home offers just over...	3 beds \| 2 baths \| 1,313 sq.ft.	$174,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 11.54% Airbnb Rental Income: $1028 Traditional Rental Income: $2343 Airbnb ROI: 1.49% Traditional ROI: 11.54%
2561 E Johnson Road 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 \| 1,812 sq.ft.	$270,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 4.42% Airbnb Rental Income: $1028 Traditional Rental Income: $1862 Airbnb ROI: -0.27% Traditional ROI: 4.42%
5322 S Lachance Rd Lake City, MI Location, location, location on this well cared for hobby farm between Cadillac and Lake C...	4 beds \| 2 baths \| 1,780 sq.ft.	$290,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 7.17% Airbnb Rental Income: $1185 Traditional Rental Income: $2571 Airbnb ROI: 0.68% Traditional ROI: 7.17%
1916 S Rose Ave Lot : 87 Lake City, MI 1916 S Rose Ave Lot : 87, Lake City, MI 49651 \| Single Family Residential	3 beds \| 1 baths \| 1,039 sq.ft.	$174,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 6.34% Airbnb Rental Income: $1028 Traditional Rental Income: $1568 Airbnb ROI: 0.94% Traditional ROI: 6.34%
1876 S Schneider St Lake City, MI 1876 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 2,135 sq.ft.	$439,900	Airbnb cash on cash: -1.15% Traditional cash on cash: 4.09% Airbnb Rental Income: $1028 Traditional Rental Income: $2826 Airbnb ROI: -1.15% Traditional ROI: 4.09%
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: -0.23% Traditional cash on cash: 7.09% Airbnb Rental Income: $698 Traditional Rental Income: $1647 Airbnb ROI: -0.23% Traditional ROI: 7.09%
4419 E Moorestown Road Lake City, MI Welcome to 4419 E Moorestown Rd, where Northern Michigan charm meets uncompromised utility...	2 beds \| 2 baths \| 1,250 sq.ft.	$259,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 10.01% Airbnb Rental Income: $698 Traditional Rental Income: $2894 Airbnb ROI: -0.22% Traditional ROI: 10.01%

Your search for investment property begins and ends here

Single Family Homes for Sale in Lake City, MI

327 S Gladwin Street

Lake City, MI

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

$159,900

Airbnb cash on cash: -1.46%

Traditional cash on cash: 8.51%

Airbnb Rental Income: $698

Traditional Rental Income: $1914

Airbnb ROI: -1.46%

Traditional ROI: 8.51%

1550 S Chippewa

Lake City, MI

3 beds | 1 baths | 1,075 sq.ft.

$220,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1028

Traditional Rental Income: $1148

Airbnb ROI: 1.07%

Traditional ROI: 3.38%

407 S Lakeshore Dr

Lake City, MI

3 beds | 2 baths | 1,608 sq.ft.

$449,900

Airbnb cash on cash: -0.54%

Traditional cash on cash: 4.83%

Airbnb Rental Income: $1028

Traditional Rental Income: $2931

Airbnb ROI: -0.54%

Traditional ROI: 4.83%

8251 W Sapphire

Lake City, MI

2 beds | 1 baths | 816 sq.ft.

$375,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 1.99%

Airbnb Rental Income: $698

Traditional Rental Income: $1576

Airbnb ROI: -1.38%

Traditional ROI: 1.99%

6789 W Redman Dr

Lake City, MI

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

$649,900

Airbnb cash on cash: -1.3%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1185

Traditional Rental Income: $2003

Airbnb ROI: -1.3%

Traditional ROI: 0.69%

2183 Wenonah Trail

Lake City, MI

3 beds | 1 baths | 868 sq.ft.

$325,000

Airbnb cash on cash: -0.48%

Traditional cash on cash: 1.24%

Airbnb Rental Income: $1028

Traditional Rental Income: $1195

Airbnb ROI: -0.48%

Traditional ROI: 1.24%

259 N Morey Rd

Lake City, MI

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

$249,000

Airbnb cash on cash: 0.79%

Traditional cash on cash: 8.99%

Airbnb Rental Income: $1028

Traditional Rental Income: $2596

Airbnb ROI: 0.79%

Traditional ROI: 8.99%

1900 Pavilion Dr

Lake City, MI

3 beds | 1 baths | 1,004 sq.ft.

$185,900

Airbnb cash on cash: 1.26%

Traditional cash on cash: 7.96%

Airbnb Rental Income: $1028

Traditional Rental Income: $1852

Airbnb ROI: 1.26%