Real Estate Investment Properties for Sale in Lake, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4463 W Grass Lake Road Lake, MI 2 bedroom and 1.5 bath ranch home. 2 car attached garage with 24 x 32 pole barn and a sh...	2 beds \| 2 baths \| 1,200 sq.ft.	$219,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 5.7% Airbnb Rental Income: $750 Traditional Rental Income: $1638 Airbnb ROI: -0.1% Traditional ROI: 5.7%
6580 Deerfield Trail Lake, MI Welcome home! This immaculately maintained 3 bedroom, 2 bath home is modern and spacious a...	3 beds \| 2 baths \| 1,890 sq.ft.	$229,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 9.22% Airbnb Rental Income: $1772 Traditional Rental Income: $2539 Airbnb ROI: 3.46% Traditional ROI: 9.22%
6353 Birchwood Drive Lake, MI Don't miss the video walkthrough Discover this well-kept 3-bedroom, 1 full bath home nes...	3 beds \| 1 baths \| 768 sq.ft.	$129,900	Airbnb cash on cash: 7.6% Traditional cash on cash: 10.42% Airbnb Rental Income: $1772 Traditional Rental Income: $1640 Airbnb ROI: 7.6% Traditional ROI: 10.42%
9523-25 Terry Street Lake, MI Here is one for the savvy shopper, it is a waterfront BOGO or 2fer. Two cottages on the be...	4 beds \| 2 baths \| 1,084 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $2149 Airbnb ROI: N/A Traditional ROI: 4.89%
3200 Lake of the Pines Drive Lake, MI Your up north getaway is here! Beautiful 3 bedroom 2 bath lofted chalet has everything you...	3 beds \| 2 baths \| 1,441 sq.ft.	$239,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 4.06% Airbnb Rental Income: $1772 Traditional Rental Income: $1596 Airbnb ROI: 2.7% Traditional ROI: 4.06%
4331 W Stevenson Lake Road Lake, MI Welcome to lake life in beautiful Gilmore Township! Just down the road from all-sports Lit...	4 beds \| 1 baths \| 1,776 sq.ft.	$192,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.18% Airbnb Rental Income: $null Traditional Rental Income: $2268 Airbnb ROI: N/A Traditional ROI: 10.18%
10241 W Gladwin Road Lake, MI Set on 6.42 acres, this peaceful country property offers room to roam and thoughtful updat...	1 beds \| 1 baths \| 717 sq.ft.	$149,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $471 Traditional Rental Income: $1085 Airbnb ROI: -0.6% Traditional ROI: 5.55%
10429 Garfield Avenue Lake, MI Spacious open concept home with a split floor plan. Offers 3 bedrooms, 2 full baths, fire...	3 beds \| 2 baths \| 1,456 sq.ft.	$194,500	Airbnb cash on cash: 4.96% Traditional cash on cash: 9.91% Airbnb Rental Income: $1772 Traditional Rental Income: $2202 Airbnb ROI: 4.96% Traditional ROI: 9.91%
10203 S Lake Station Lake, MI Clare County, two unit duplex just South of the Village of Lake, Near Crooked Lake and Pe...	4 beds \| 2 baths \| 4,496 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A Traditional ROI: 5.38%
10195 S Lake Station Lake, MI Clare County, Two structures with 2 units each, just South of the Village of Lake, Near C...	8 beds \| 4 baths \| 8,128 sq.ft.	$598,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $3635 Airbnb ROI: N/A Traditional ROI: 4.55%
1051 N Crooked Lake Drive Lake, MI Step in this home and enjoy the incredible views of all sports Crooked Lake! This 2 bedroo...	2 beds \| 1 baths \| 880 sq.ft.	$315,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 2.89% Airbnb Rental Income: $750 Traditional Rental Income: $1581 Airbnb ROI: -0.98% Traditional ROI: 2.89%
11821 N Shore Lake, MI 94 feet of water frontage on all s[ports Eight Point Lake, Clare County's premier lake. ...	2 beds \| 1 baths \| 832 sq.ft.	$280,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 3.99% Airbnb Rental Income: $750 Traditional Rental Income: $1613 Airbnb ROI: -0.47% Traditional ROI: 3.99%
6294 Rock Road Lake, MI Cozy Lakefront Cottage on Bluff Lake -escape to this fully renovated, fully furnished lake...	1 beds \| N/A baths \| 468 sq.ft.	$189,900	Airbnb cash on cash: -1.02% Traditional cash on cash: 5.19% Airbnb Rental Income: $471 Traditional Rental Income: $1323 Airbnb ROI: -1.02% Traditional ROI: 5.19%
6352 White Acre Lake, MI Located within the Lake of the Pines community, this ranch-style home offers full access t...	3 beds \| 2 baths \| 1,200 sq.ft.	$144,400	Airbnb cash on cash: 5.86% Traditional cash on cash: 11.92% Airbnb Rental Income: $1772 Traditional Rental Income: $2125 Airbnb ROI: 5.86% Traditional ROI: 11.92%
9850 Cadillac Drive Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bathroom ranch situated on 2.8 serene acr...	3 beds \| 2 baths \| 1,248 sq.ft.	$175,000	Airbnb cash on cash: 5.76% Traditional cash on cash: 10.58% Airbnb Rental Income: $1772 Traditional Rental Income: $2091 Airbnb ROI: 5.76% Traditional ROI: 10.58%
10200 S Lake Station Avenue Lake, MI Step into this meticulous home that has never been on the market! This 5 bedroom, 2 bath ...	5 beds \| 2 baths \| 2,000 sq.ft.	$449,000	Airbnb cash on cash: 7.3% Traditional cash on cash: 4.85% Airbnb Rental Income: $4808 Traditional Rental Income: $2788 Airbnb ROI: 7.3% Traditional ROI: 4.85%
9791 Cadillac Dr Lake, MI Outdoor Enthusiasts, Here is your chance to own an awesome get away place. Great opportuni...	2 beds \| 1 baths \| 860 sq.ft.	$119,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 9.53% Airbnb Rental Income: $750 Traditional Rental Income: $1469 Airbnb ROI: 0.6% Traditional ROI: 9.53%
1605 Arbor Drive Lake, MI Lake George Lakefront Home with 2 bedrooms, full bath, large living area with dining, fami...	2 beds \| 1 baths \| 915 sq.ft.	$334,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.77% Airbnb Rental Income: $750 Traditional Rental Income: $1701 Airbnb ROI: -0.26% Traditional ROI: 3.77%
5896 Browns Road Lake, MI Welcome home! This meticulously maintained, turn key cottage can be your primary residence...	2 beds \| 1 baths \| 808 sq.ft.	$130,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 9.61% Airbnb Rental Income: $750 Traditional Rental Income: $1472 Airbnb ROI: 1.32% Traditional ROI: 9.61%
8307 Cortez Lake, MI Welcome to Bass Lake Hunt Club! This 3 Bedroom, 2 Bath home has been lovingly built from t...	3 beds \| 2 baths \| 1,536 sq.ft.	$549,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.52% Airbnb Rental Income: $1772 Traditional Rental Income: $2700 Airbnb ROI: 0.77% Traditional ROI: 3.52%
10215 S Lake Station Lake, MI Great opportunity to own a duplex, possibility to live in one and rent out the other, each...	4 beds \| 2 baths \| 3,744 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 5.78%
2815 Grass Lake Lake, MI Discover this well-maintained 3-bedroom, 1.5-bath home offering comfort and convenience in...	3 beds \| 2 baths \| 1,200 sq.ft.	$178,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 9.66% Airbnb Rental Income: $1772 Traditional Rental Income: $2155 Airbnb ROI: 4.54% Traditional ROI: 9.66%
11431 N Shore Drive Lake, MI Waterfront 3-bedroom, 1-bath home on Eight Point Lake. 50 feet of frontage with a sandy bo...	3 beds \| 1 baths \| 816 sq.ft.	$348,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 3.05% Airbnb Rental Income: $1772 Traditional Rental Income: $1811 Airbnb ROI: 1.45% Traditional ROI: 3.05%
10757 Cedar Road Lake, MI Your Up North Basecamp or Homestead Awaits! Escape to 20 wooded acres with this charming 2...	2 beds \| 2 baths \| 1,136 sq.ft.	$239,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 6.38% Airbnb Rental Income: $750 Traditional Rental Income: $1880 Airbnb ROI: 0.01% Traditional ROI: 6.38%
9140 Beech Street Lake, MI Remodeled inside and out, this 1 bed/2 bath home with additional loft sleeping areas is mo...	1 beds \| 2 baths \| 1,092 sq.ft.	$184,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 8.14% Airbnb Rental Income: $471 Traditional Rental Income: $1740 Airbnb ROI: -0.6% Traditional ROI: 8.14%
646 Forest Boulevard Lake, MI 646 Forest Blvd, Lake George, MI \| 50' sandy-bottom frontage, 300' deep between both lots,...	1 beds \| 1 baths \| 694 sq.ft.	$294,500	Airbnb cash on cash: -1.42% Traditional cash on cash: 2.93% Airbnb Rental Income: $471 Traditional Rental Income: $1409 Airbnb ROI: -1.42% Traditional ROI: 2.93%
4080 W Stevenson Lake Road Lake, MI Discover your dream retreat or year round home just minutes from all-sports Littlefield La...	3 beds \| 2 baths \| 1,120 sq.ft.	$149,999	Airbnb cash on cash: 6.71% Traditional cash on cash: 11.82% Airbnb Rental Income: $1772 Traditional Rental Income: $2021 Airbnb ROI: 6.71% Traditional ROI: 11.82%
11784 S Shore Drive Lake, MI Stunning Lakefront Home on All-Sports Eight Point Lake! Beautifully remodeled 5 bed, 3 bat...	5 beds \| 3 baths \| 2,337 sq.ft.	$720,000	Airbnb cash on cash: 3.85% Traditional cash on cash: 3.22% Airbnb Rental Income: $4808 Traditional Rental Income: $3396 Airbnb ROI: 3.85% Traditional ROI: 3.22%
7631 Sherri Lake, MI Country living this spacious 4 bedroom, 2 bathroom home offering over 2,200 sq ft of one-l...	4 beds \| 2 baths \| 2,228 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.18% Airbnb Rental Income: $null Traditional Rental Income: $2852 Airbnb ROI: N/A Traditional ROI: 9.18%
7631 Sherri Lane Lake, MI Country living this spacious 4 bedroom, 2 bathroom home offering over 2,200 sq ft of one-l...	4 beds \| 2 baths \| 2,228 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.96% Airbnb Rental Income: $null Traditional Rental Income: $3094 Airbnb ROI: N/A Traditional ROI: 9.96%
11076 N Shore Drive Lake, MI First time offered for sale. Donât miss this opportunity to own a one-of-a-kind 4+ bedro...	4 beds \| 3 baths \| 3,062 sq.ft.	$693,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $3723 Airbnb ROI: N/A Traditional ROI: 4.24%
3161 Pinehurst Lake, MI Beautifully updated 4-bedroom, 2-bath home in the desirable Lake of the Pines community! H...	4 beds \| 2 baths \| 1,794 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.18% Airbnb Rental Income: $null Traditional Rental Income: $2650 Airbnb ROI: N/A Traditional ROI: 8.18%
4280 Birch Drive Lake, MI Enjoy lake living full or part time at all sports Littlefield Lake. Great for kayaking and...	3 beds \| N/A baths \| 1,584 sq.ft.	$229,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 8.91% Airbnb Rental Income: $1772 Traditional Rental Income: $2388 Airbnb ROI: 3.84% Traditional ROI: 8.91%

Real Estate investment in Lake, MI

There are 35 properties for sale in the city of Lake . The median list price in Lake is $189,900 and the average price per square foot is $125. In October 2025, the average monthly cash on cash return in Lake is 10.00%. The average monthly rental income in Lake is $2,064.

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

There are 35 investment properties available for sale in Lake.

In 2025, the best neighborhood to buy investment property is Lake.

The ROI for Short-Term is higher than the Long-Term in Lake with average rental income of $1,772.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

4463 W Grass Lake Road

Lake, MI

2 beds | 2 baths | 1,200 sq.ft.

$219,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $750

Traditional Rental Income: $1638

Airbnb ROI: -0.1%

Traditional ROI: 5.7%

6580 Deerfield Trail

Lake, MI

3 beds | 2 baths | 1,890 sq.ft.

$229,900

Airbnb cash on cash: 3.46%

Traditional cash on cash: 9.22%

Airbnb Rental Income: $1772

Traditional Rental Income: $2539

Airbnb ROI: 3.46%

Traditional ROI: 9.22%

6353 Birchwood Drive

Lake, MI

3 beds | 1 baths | 768 sq.ft.

$129,900

Airbnb cash on cash: 7.6%

Traditional cash on cash: 10.42%

Airbnb Rental Income: $1772

Traditional Rental Income: $1640

Airbnb ROI: 7.6%

Traditional ROI: 10.42%

9523-25 Terry Street

Lake, MI

4 beds | 2 baths | 1,084 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2149

Airbnb ROI: N/A

Traditional ROI: 4.89%

3200 Lake of the Pines Drive

Lake, MI

3 beds | 2 baths | 1,441 sq.ft.

$239,900

Airbnb cash on cash: 2.7%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1772

Traditional Rental Income: $1596

Airbnb ROI: 2.7%

Traditional ROI: 4.06%

4331 W Stevenson Lake Road

Lake, MI

4 beds | 1 baths | 1,776 sq.ft.

$192,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2268

Airbnb ROI: N/A

Traditional ROI: 10.18%

10241 W Gladwin Road

Lake, MI

1 beds | 1 baths | 717 sq.ft.

$149,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $471

Traditional Rental Income: $1085

Airbnb ROI: -0.6%

Traditional ROI: 5.55%

10429 Garfield Avenue

Lake, MI

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

$194,500

Airbnb cash on cash: 4.96%

Traditional cash on cash: 9.91%

Airbnb Rental Income: $1772

Traditional Rental Income: $2202

Airbnb ROI: 4.96%