Real Estate Investment Properties for Sale in Forest Lake, MN

Looking for investment property in Forest Lake, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
21212 Shetland Drive N Forest Lake, MN Biggest Bang for Your Buck! 3BR/3BA Townhome in Bridle Pass in Forest Lake. Close to Junio...	3 beds \| 3 baths \| 1,485 sq.ft.	$244,900	Airbnb cash on cash: 2.66% Traditional cash on cash: 6.29% Airbnb Rental Income: $1971 Traditional Rental Income: $2293 Airbnb ROI: 2.66% Traditional ROI: 6.29%
21182 Paint Lane Forest Lake, MN Step inside and enjoy a welcoming main level with a warm and functional layout. Relax by t...	4 beds \| 3 baths \| 1,676 sq.ft.	$252,400	Airbnb cash on cash: 3.21% Traditional cash on cash: 5% Airbnb Rental Income: $2360 Traditional Rental Income: $2206 Airbnb ROI: 3.21% Traditional ROI: 5%
9950 204th Street Court N Forest Lake, MN RARE LAKEFRONT ON PRIVATE LAKE KEEWAHTIN! Stunning 4BR/4BA home with 162 feet of east-faci...	4 beds \| 4 baths \| 3,155 sq.ft.	$699,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 4.62% Airbnb Rental Income: $2360 Traditional Rental Income: $4202 Airbnb ROI: 0.91% Traditional ROI: 4.62%
820 3rd Street SE Forest Lake, MN Welcome Home! This 3 bedroom, 2 bathroom, 1-1/2 story home includes a large 2 car garage,...	3 beds \| 2 baths \| 1,776 sq.ft.	$299,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.1% Airbnb Rental Income: $1971 Traditional Rental Income: $2367 Airbnb ROI: 2.86% Traditional ROI: 6.1%
5171 207th Street N Forest Lake, MN 2 bed, 2 bath townhouse close to parks, shopping, and easy convenience to Hwy 35. Home is ...	2 beds \| 2 baths \| 1,438 sq.ft.	$235,000	Airbnb cash on cash: -2.17% Traditional cash on cash: 5.6% Airbnb Rental Income: $660 Traditional Rental Income: $2088 Airbnb ROI: -2.17% Traditional ROI: 5.6%
6421 207th Street N Forest Lake, MN Beautiful, well maintained end unit townhome on private, dead end street. Secluded feel an...	3 beds \| 2 baths \| 1,328 sq.ft.	$249,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 4.73% Airbnb Rental Income: $1971 Traditional Rental Income: $2047 Airbnb ROI: 2.21% Traditional ROI: 4.73%
6389 207th Street N Forest Lake, MN Welcome to 6389 207th Street N, a bright and spacious 3-bedroom, 2-bathroom end-unit townh...	3 beds \| 2 baths \| 1,430 sq.ft.	$237,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 5.05% Airbnb Rental Income: $1971 Traditional Rental Income: $2081 Airbnb ROI: 2.25% Traditional ROI: 5.05%
20491 Goodvine Trail N Forest Lake, MN This well-maintained home offers space, style, and a great location in Forest Lakeâjust ...	5 beds \| 3 baths \| 2,643 sq.ft.	$489,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 4.34% Airbnb Rental Income: $3943 Traditional Rental Income: $2988 Airbnb ROI: 4.57% Traditional ROI: 4.34%
10063 211th Street N Forest Lake, MN MODEL HOME SOLD. STILL AVAILABLE FOR SHOWINGS FOR CUSTOM BUILD ON ANOTHER LOT OR YOUR OWN ...	3 beds \| 2 baths \| 2,221 sq.ft.	$849,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 1.73% Airbnb Rental Income: $1971 Traditional Rental Income: $2542 Airbnb ROI: 0.36% Traditional ROI: 1.73%
319 Lake Street S Forest Lake, MN Don't miss this rare opportunity to own a stunning lakefront home on first lake of Forest ...	3 beds \| 3 baths \| 2,545 sq.ft.	$930,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 1.87% Airbnb Rental Income: $1971 Traditional Rental Income: $3394 Airbnb ROI: -0.38% Traditional ROI: 1.87%
22419 Elston Avenue Forest Lake, MN Welcome to this well maintained home in the high demand Evergreen Ridge neighborhood! A th...	4 beds \| 3 baths \| 2,546 sq.ft.	$444,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.65% Airbnb Rental Income: $2360 Traditional Rental Income: $2871 Airbnb ROI: 2.02% Traditional ROI: 4.65%
20074 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Enjoy conveni...	2 beds \| 2 baths \| 1,729 sq.ft.	$469,900	Airbnb cash on cash: -1.4% Traditional cash on cash: 3.48% Airbnb Rental Income: $660 Traditional Rental Income: $2508 Airbnb ROI: -1.4% Traditional ROI: 3.48%
20194 Farnham Avenue N Forest Lake, MN Welcome to this beautifully maintained 5 bedroom, 2 bathroom multi-level home that offers ...	5 beds \| 2 baths \| 2,025 sq.ft.	$439,900	Airbnb cash on cash: 5.41% Traditional cash on cash: 3.87% Airbnb Rental Income: $3943 Traditional Rental Income: $2461 Airbnb ROI: 5.41% Traditional ROI: 3.87%
19809 Falk Court N Forest Lake, MN Custom-built slab-on-grade villa by Guidance Homes, Inc. located in a new association-main...	2 beds \| 2 baths \| 1,418 sq.ft.	$499,900	Airbnb cash on cash: -1.27% Traditional cash on cash: 2.62% Airbnb Rental Income: $660 Traditional Rental Income: $2176 Airbnb ROI: -1.27% Traditional ROI: 2.62%
4715 Wyngate Boulevard Forest Lake, MN Perfectly situated just off Highway 35, this home offers the ideal blend of convenience an...	2 beds \| 1 baths \| 1,011 sq.ft.	$275,000	Airbnb cash on cash: -2.73% Traditional cash on cash: 1.71% Airbnb Rental Income: $660 Traditional Rental Income: $1511 Airbnb ROI: -2.73% Traditional ROI: 1.71%
20084 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Main level li...	2 beds \| 2 baths \| 1,729 sq.ft.	$479,900	Airbnb cash on cash: -1.38% Traditional cash on cash: 3.4% Airbnb Rental Income: $660 Traditional Rental Income: $2508 Airbnb ROI: -1.38% Traditional ROI: 3.4%
20092 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Main level li...	2 beds \| 2 baths \| 1,729 sq.ft.	$479,900	Airbnb cash on cash: -1.38% Traditional cash on cash: 3.4% Airbnb Rental Income: $660 Traditional Rental Income: $2508 Airbnb ROI: -1.38% Traditional ROI: 3.4%
9998 211th Court N Forest Lake, MN Welcome to 'Forest Hills Preserve', Forest Lake's newest premier 55+ Custom Home Associati...	4 beds \| 3 baths \| 3,387 sq.ft.	$1,150,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.43% Airbnb Rental Income: $2360 Traditional Rental Income: $3056 Airbnb ROI: 0.24% Traditional ROI: 1.43%
21273 Floral Bay Drive N Forest Lake, MN Perfectly situated on the slightly elevated northern shore of Ashbach Point, this custom w...	4 beds \| 3 baths \| 5,052 sq.ft.	$1,100,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 1.23% Airbnb Rental Income: $2360 Traditional Rental Income: $3346 Airbnb ROI: -0.3% Traditional ROI: 1.23%
5617 220th Street N Forest Lake, MN Come see this charming home now on the market! This home has Fresh Interior Paint, Partial...	4 beds \| 2 baths \| 2,331 sq.ft.	$385,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 5.18% Airbnb Rental Income: $2360 Traditional Rental Income: $2623 Airbnb ROI: 2.84% Traditional ROI: 5.18%
6659 Lipizzan Trail Forest Lake, MN Public Remarks â Welcome home! This beautiful detached townhome offers the perfect loca...	3 beds \| 2 baths \| 2,336 sq.ft.	$349,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 5.73% Airbnb Rental Income: $1971 Traditional Rental Income: $2549 Airbnb ROI: 2.4% Traditional ROI: 5.73%
9480 206th Street N Forest Lake, MN Privacy and location!! Nestled in a serene, wooded setting, this 2.2 acre property offers...	3 beds \| 3 baths \| 3,025 sq.ft.	$524,700	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.91% Airbnb Rental Income: $1971 Traditional Rental Income: $2963 Airbnb ROI: 0.84% Traditional ROI: 3.91%
21272 Floral Bay Drive N Forest Lake, MN Welcome to the premier development in Forest Lake, Ashbach Pointe is a lovely peninsula on...	4 beds \| 4 baths \| 3,511 sq.ft.	$759,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.35% Airbnb Rental Income: $2360 Traditional Rental Income: $3809 Airbnb ROI: 0.48% Traditional ROI: 3.35%
4611 19th Street SW Forest Lake, MN This lovely home is a must see! Check out this rare opportunity to own a spacious END UNIT...	4 beds \| 3 baths \| 2,840 sq.ft.	$419,900	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.3% Airbnb Rental Income: $2360 Traditional Rental Income: $3068 Airbnb ROI: 1.02% Traditional ROI: 4.3%
22271 Lilac Way Forest Lake, MN Welcome to this spacious and well-kept townhome in the heart of Forest Lake! Offering 4 be...	4 beds \| 3 baths \| 1,786 sq.ft.	$299,900	Airbnb cash on cash: 2.88% Traditional cash on cash: 5.13% Airbnb Rental Income: $2360 Traditional Rental Income: $2411 Airbnb ROI: 2.88% Traditional ROI: 5.13%
24368 Fawn Trail Forest Lake, MN Welcome to a property that is truly unlike any otherâa rare combination of luxury, craft...	4 beds \| 4 baths \| 3,578 sq.ft.	$674,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.72% Airbnb Rental Income: $2360 Traditional Rental Income: $3818 Airbnb ROI: 0.48% Traditional ROI: 3.72%

Real Estate investment in Forest-lake, MN

There are 59 properties for sale in the city of Forest Lake . The median list price in Forest Lake is $449,900 and the average price per square foot is $203. In October 2025, the average monthly cash on cash return in Forest Lake is 4.00%. The average monthly rental income in Forest Lake is $2,525.

Forest-lake, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 59 investment properties available for sale in Forest-lake.

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

The ROI for Long-Term is higher than the Short-Term in Forest-lake with average rental income of $2,525.

Your search for investment property begins and ends here

Investment Property for Sale in Forest Lake, MN

21212 Shetland Drive N

Forest Lake, MN

3 beds | 3 baths | 1,485 sq.ft.

$244,900

Airbnb cash on cash: 2.66%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $1971

Traditional Rental Income: $2293

Airbnb ROI: 2.66%

Traditional ROI: 6.29%

21182 Paint Lane

Forest Lake, MN

4 beds | 3 baths | 1,676 sq.ft.

$252,400

Airbnb cash on cash: 3.21%

Traditional cash on cash: 5%

Airbnb Rental Income: $2360

Traditional Rental Income: $2206

Airbnb ROI: 3.21%

Traditional ROI: 5%

9950 204th Street Court N

Forest Lake, MN

4 beds | 4 baths | 3,155 sq.ft.

$699,900

Airbnb cash on cash: 0.91%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $2360

Traditional Rental Income: $4202

Airbnb ROI: 0.91%

Traditional ROI: 4.62%

820 3rd Street SE

Forest Lake, MN

3 beds | 2 baths | 1,776 sq.ft.

$299,000

Airbnb cash on cash: 2.86%

Traditional cash on cash: 6.1%

Airbnb Rental Income: $1971

Traditional Rental Income: $2367

Airbnb ROI: 2.86%

Traditional ROI: 6.1%

5171 207th Street N

Forest Lake, MN

2 beds | 2 baths | 1,438 sq.ft.

$235,000

Airbnb cash on cash: -2.17%

Traditional cash on cash: 5.6%

Airbnb Rental Income: $660

Traditional Rental Income: $2088

Airbnb ROI: -2.17%

Traditional ROI: 5.6%

6421 207th Street N

Forest Lake, MN

3 beds | 2 baths | 1,328 sq.ft.

$249,000

Airbnb cash on cash: 2.21%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1971

Traditional Rental Income: $2047

Airbnb ROI: 2.21%

Traditional ROI: 4.73%

6389 207th Street N

Forest Lake, MN

3 beds | 2 baths | 1,430 sq.ft.

$237,000

Airbnb cash on cash: 2.25%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $1971

Traditional Rental Income: $2081

Airbnb ROI: 2.25%

Traditional ROI: 5.05%

20491 Goodvine Trail N

Forest Lake, MN

5 beds | 3 baths | 2,643 sq.ft.

$489,900

Airbnb cash on cash: 4.57%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $3943

Traditional Rental Income: $2988

Airbnb ROI: 4.57%