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: -0.4% Traditional cash on cash: 5.7% Airbnb Rental Income: $674 Traditional Rental Income: $1638 Airbnb ROI: -0.4% Traditional ROI: 5.7%
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: 1.38% Traditional cash on cash: 4.06% Airbnb Rental Income: $1411 Traditional Rental Income: $1596 Airbnb ROI: 1.38% Traditional ROI: 4.06%
10429 Garfield Avenue Lake, MI Spacious open concept home with a split floor plan. Offers 3 bedrooms, 2 full baths, firep...	3 beds \| 2 baths \| 1,456 sq.ft.	$175,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 11.09% Airbnb Rental Income: $1411 Traditional Rental Income: $2202 Airbnb ROI: 3.8% Traditional ROI: 11.09%
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.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A Traditional ROI: 5.75%
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.	$558,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $3635 Airbnb ROI: N/A Traditional ROI: 4.94%
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: 3.95% Traditional cash on cash: 10.58% Airbnb Rental Income: $1411 Traditional Rental Income: $2091 Airbnb ROI: 3.95% 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: 1.53% Traditional cash on cash: 4.85% Airbnb Rental Income: $1896 Traditional Rental Income: $2788 Airbnb ROI: 1.53% Traditional ROI: 4.85%
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: -0.46% Traditional cash on cash: 3.77% Airbnb Rental Income: $674 Traditional Rental Income: $1701 Airbnb ROI: -0.46% Traditional ROI: 3.77%
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.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 6.17%
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: 2.77% Traditional cash on cash: 9.66% Airbnb Rental Income: $1411 Traditional Rental Income: $2155 Airbnb ROI: 2.77% 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: 0.53% Traditional cash on cash: 3.05% Airbnb Rental Income: $1411 Traditional Rental Income: $1811 Airbnb ROI: 0.53% 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: -0.27% Traditional cash on cash: 6.38% Airbnb Rental Income: $674 Traditional Rental Income: $1880 Airbnb ROI: -0.27% Traditional ROI: 6.38%
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: -1.1% Traditional cash on cash: 2.93% Airbnb Rental Income: $578 Traditional Rental Income: $1409 Airbnb ROI: -1.1% Traditional ROI: 2.93%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.57% Airbnb Rental Income: $null Traditional Rental Income: $2852 Airbnb ROI: N/A Traditional ROI: 10.57%
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.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.46% Airbnb Rental Income: $null Traditional Rental Income: $3094 Airbnb ROI: N/A Traditional ROI: 11.46%
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%
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: 2.45% Traditional cash on cash: 8.91% Airbnb Rental Income: $1411 Traditional Rental Income: $2388 Airbnb ROI: 2.45% Traditional ROI: 8.91%
11785 Maple Road Lake, MI Welcome to your cozy retreat a 3-bedroom, 1-bath ranch on 6.71 wooded acres. This quiet ha...	3 beds \| 1 baths \| 1,008 sq.ft.	$155,000	Airbnb cash on cash: 4.17% Traditional cash on cash: 8.92% Airbnb Rental Income: $1411 Traditional Rental Income: $1691 Airbnb ROI: 4.17% Traditional ROI: 8.92%
6667 Shadowbrook Drive Lake, MI Welcome to this small but lovely home in beautiful Lake of the Pines HOA! Totally remodel...	2 beds \| 2 baths \| 720 sq.ft.	$134,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 11.44% Airbnb Rental Income: $674 Traditional Rental Income: $1805 Airbnb ROI: 0.38% Traditional ROI: 11.44%
6364 Joanne Street Lake, MI A Sportsmanâs Paradise! Your dream life awaits at this peaceful, waterfront home on no-w...	2 beds \| 1 baths \| 1,216 sq.ft.	$309,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 4.94% Airbnb Rental Income: $674 Traditional Rental Income: $1935 Airbnb ROI: -0.43% Traditional ROI: 4.94%

Real Estate investment in Lake, MI

There are 21 properties for sale in the city of Lake . The median list price in Lake is $234,450 and the average price per square foot is $132. In December 2025, the average monthly cash on cash return in Lake is 9.00%. The average monthly rental income in Lake is $2,120.

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

There are 21 investment properties available for sale in Lake.

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

The ROI for Long-Term is higher than the Short-Term in Lake with average rental income of $2,120.

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: -0.4%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $674

Traditional Rental Income: $1638

Airbnb ROI: -0.4%

Traditional ROI: 5.7%

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: 1.38%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1411

Traditional Rental Income: $1596

Airbnb ROI: 1.38%

Traditional ROI: 4.06%

10429 Garfield Avenue

Lake, MI

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

$175,000

Airbnb cash on cash: 3.8%

Traditional cash on cash: 11.09%

Airbnb Rental Income: $1411

Traditional Rental Income: $2202

Airbnb ROI: 3.8%

Traditional ROI: 11.09%

10203 S Lake Station

Lake, MI

4 beds | 2 baths | 4,496 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2687

Airbnb ROI: N/A

Traditional ROI: 5.75%

10195 S Lake Station

Lake, MI

8 beds | 4 baths | 8,128 sq.ft.

$558,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.94%

Airbnb Rental Income: $null

Traditional Rental Income: $3635

Airbnb ROI: N/A

Traditional ROI: 4.94%

9850 Cadillac Drive

Lake, MI

3 beds | 2 baths | 1,248 sq.ft.

$175,000

Airbnb cash on cash: 3.95%

Traditional cash on cash: 10.58%

Airbnb Rental Income: $1411

Traditional Rental Income: $2091

Airbnb ROI: 3.95%

Traditional ROI: 10.58%

10200 S Lake Station Avenue

Lake, MI

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

$449,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $1896

Traditional Rental Income: $2788

Airbnb ROI: 1.53%