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
9523-25 Terry St 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%
1249 N Crooked Lake Dr Lake, MI Welcome to your new vacation spot on beautiful Crooked Lake! Unique waterfront property wi...	9 beds \| 4 baths \| 3,164 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.52% Airbnb Rental Income: $null Traditional Rental Income: $2364 Airbnb ROI: N/A Traditional ROI: 1.52%
10429 Garfield Ave 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: N/A Traditional cash on cash: 11.09% Airbnb Rental Income: $null Traditional Rental Income: $2202 Airbnb ROI: N/A Traditional ROI: 11.09%
9850 Cadillac Dr 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: N/A Traditional cash on cash: 10.58% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 10.58%
9140 Beech St 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.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.18% Airbnb Rental Income: $null Traditional Rental Income: $1740 Airbnb ROI: N/A Traditional ROI: 8.18%
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 Ln 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 Dr 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.	$683,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $3723 Airbnb ROI: N/A Traditional ROI: 4.32%
4280 Birch Drive Lake, MI Enjoy lake living full or part time at all sports Littlefield Lake. Great for kayaking and...	3 beds \| 2 baths \| 1,584 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.91% Airbnb Rental Income: $null Traditional Rental Income: $2388 Airbnb ROI: N/A Traditional ROI: 8.91%
6667 Shadowbrook Dr Lake, MI Welcome to this small but lovely home in beautiful Lake of the Pines HOA! Totally remodel...	2 beds \| 1 baths \| 720 sq.ft.	$134,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.44% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 11.44%
6364 Joanne St 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: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $1935 Airbnb ROI: N/A Traditional ROI: 4.94%
9140 Beech Lake, MI Looking to buy a home that is move in ready and smells like brand new? This is the home. T...	1 beds \| 2 baths \| 1,092 sq.ft.	$184,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.82% Airbnb Rental Income: $null Traditional Rental Income: $802 Airbnb ROI: N/A Traditional ROI: 2.82%
6215 Beech Dr Lake, MI Bright and sunny on Beech!! This newly remodeled home is a must see! **Interior pictures c...	2 beds \| 1 baths \| 978 sq.ft.	$141,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.87% Airbnb Rental Income: $null Traditional Rental Income: $1715 Airbnb ROI: N/A Traditional ROI: 9.87%
8492 Gibson Ave Lake, MI 8492 Gibson Ave, Lake, MI 48632 \| Single Family Residential	6 beds \| 3 baths \| 2,496 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.36% Airbnb Rental Income: $null Traditional Rental Income: $3120 Airbnb ROI: N/A Traditional ROI: 3.36%
2789 Grass Lake Ave Lake, MI 2789 Grass Lake Ave, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 1,144 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.29% Airbnb Rental Income: $null Traditional Rental Income: $1811 Airbnb ROI: N/A Traditional ROI: 10.29%
912 Arbor Dr Lake, MI 912 Arbor Dr, Lake, MI 48632 \| Single Family Residential	2 beds \| 1 baths \| 730 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $1180 Airbnb ROI: N/A Traditional ROI: 6.53%
9755 Cadillac Dr Lake, MI 9755 Cadillac Dr, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 1 sq.ft.	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.51% Airbnb Rental Income: $null Traditional Rental Income: $1532 Airbnb ROI: N/A Traditional ROI: 7.51%
6364 Joanne St Lot : 29 Lake, MI 6364 Joanne St Lot : 29, Lake, MI 48632 \| Single Family Residential	2 beds \| 1 baths \| 1,216 sq.ft.	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $1368 Airbnb ROI: N/A Traditional ROI: 1.86%
8568 W Ludington Dr Lake, MI 8568 W Ludington Dr, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 8.44%
Lot 26-30 Willow St Lake, MI Lot 26-30 Willow St, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.81% Airbnb Rental Income: $null Traditional Rental Income: $781 Airbnb ROI: N/A Traditional ROI: 6.81%
Lots 26-30 Willow St Lot : 26-30 Lake, MI Lots 26-30 Willow St Lot : 26-30, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 7.06%
Lots 26-30 Willow St Lake, MI Lots 26-30 Willow St, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 7.06%
6655 Cedarhurst Dr Lake, MI 6655 Cedarhurst Dr, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 1,700 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $2317 Airbnb ROI: N/A Traditional ROI: 6.06%
7631 Sherri Ln Lot : 6,7,8+ Lake, MI 7631 Sherri Ln Lot : 6,7,8+, Lake, MI 48632 \| Single Family Residential	4 beds \| 2 baths \| 2,228 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.77% Airbnb Rental Income: $null Traditional Rental Income: $1583 Airbnb ROI: N/A Traditional ROI: 3.77%
9523-9525 Terry 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: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $1583 Airbnb ROI: N/A Traditional ROI: 3.03%
6380 Partridge Lake, MI Well built home in Lake of the Pines. Nice Ranch with 2 BD 1 BA and a Detached Garage. Eat...	2 beds \| 1 baths \| 1,008 sq.ft.	$152,638	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $1021 Airbnb ROI: N/A Traditional ROI: 4.5%
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: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $1880 Airbnb ROI: N/A Traditional ROI: 6.38%
8745 Florence St Lake, MI This is a HUD home case number 263-393774. Currently accepting Owner Occupant Bids only th...	3 beds \| 1 baths \| 1,962 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1250 Airbnb ROI: N/A Traditional ROI: 7.35%

Real Estate investment in Lake, MI

There are 29 properties for sale in the city of Lake . The median list price in Lake is $152,638 and the average price per square foot is $115. In March 2026, the average monthly cash on cash return in Lake is 8.00%. The average monthly rental income in Lake is $1,728.

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

There are 29 investment properties available for sale in Lake.

In 2026, 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 $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

9523-25 Terry St

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%

1249 N Crooked Lake Dr

Lake, MI

9 beds | 4 baths | 3,164 sq.ft.

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.52%

Airbnb Rental Income: $null

Traditional Rental Income: $2364

Airbnb ROI: N/A

Traditional ROI: 1.52%

10429 Garfield Ave

Lake, MI

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

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2202

Airbnb ROI: N/A

Traditional ROI: 11.09%

9850 Cadillac Dr

Lake, MI

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

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2091

Airbnb ROI: N/A

Traditional ROI: 10.58%

9140 Beech St

Lake, MI

1 beds | 2 baths | 1,092 sq.ft.

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.18%

Airbnb Rental Income: $null

Traditional Rental Income: $1740

Airbnb ROI: N/A

Traditional ROI: 8.18%

7631 Sherri

Lake, MI

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 Ln

Lake, MI

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 Dr

Lake, MI

4 beds | 3 baths | 3,062 sq.ft.

$683,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.32%

Airbnb Rental Income: $null

Traditional Rental Income: $3723

Airbnb ROI: N/A