Real Estate Investment Properties for Sale in Central Lake, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2601 Rushton Road Central Lake, MI Tucked away in the charming Village of Central Lake, this beautifully updated 3-bedroom, 2...	3 beds \| 3 baths \| 2,729 sq.ft.	$575,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 4.51% Airbnb Rental Income: $1031 Traditional Rental Income: $3462 Airbnb ROI: -0.69% Traditional ROI: 4.51%
1944 West Street Central Lake, MI Welcome to Central Lake! This charming custom-built home offers flexibility and comfort wi...	3 beds \| 1 baths \| 1,580 sq.ft.	$169,900	Airbnb cash on cash: 2.3% Traditional cash on cash: 10.14% Airbnb Rental Income: $1031 Traditional Rental Income: $1939 Airbnb ROI: 2.3% Traditional ROI: 10.14%
9865 Paradise Hills Drive Central Lake, MI Start your day enjoying captivating views of the blue waters of Torch Lake and East Bay. E...	3 beds \| 3 baths \| 2,010 sq.ft.	$409,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 5.72% Airbnb Rental Income: $1031 Traditional Rental Income: $2889 Airbnb ROI: -0.05% Traditional ROI: 5.72%
7963 E State Street Central Lake, MI Historic two-story building being sold fully furnished, making this a turnkey income prope...	2 beds \| 2 baths \| 1,200 sq.ft.	$175,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 9.06% Airbnb Rental Income: $1404 Traditional Rental Income: $1858 Airbnb ROI: 3.8% Traditional ROI: 9.06%
1034 S EAST TORCH LAKE DRIVE Central Lake, MI Welcome to the Gold Coast of Torch Lake! This stunning, newly renovated and updated home s...	4 beds \| 3 baths \| 3,845 sq.ft.	$4,950,000	Airbnb cash on cash: -2.15% Traditional cash on cash: -2.05% Airbnb Rental Income: $2430 Traditional Rental Income: $2309 Airbnb ROI: -2.15% Traditional ROI: -2.05%
10844 Torchlight Lane Central Lake, MI Escape to this charming 2-bedroom log cabin, where rustic character meets modern comfort. ...	2 beds \| 2 baths \| 864 sq.ft.	$649,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 0.12% Airbnb Rental Income: $1404 Traditional Rental Income: $906 Airbnb ROI: 0.24% Traditional ROI: 0.12%
8106 W State Street Central Lake, MI n the Village - Prime Location! Two story - 3 Bedrooms - 1 full & 1 half Bath Home - Main...	3 beds \| 2 baths \| 1,680 sq.ft.	$229,500	Airbnb cash on cash: 0.14% Traditional cash on cash: 6.63% Airbnb Rental Income: $1031 Traditional Rental Income: $2079 Airbnb ROI: 0.14% Traditional ROI: 6.63%
2515 Rushton Road Central Lake, MI Spacious direct Intermediate River waterfront home located in charming Village of Central ...	4 beds \| 3 baths \| 2,880 sq.ft.	$419,500	Airbnb cash on cash: 2.58% Traditional cash on cash: 6.26% Airbnb Rental Income: $2430 Traditional Rental Income: $3282 Airbnb ROI: 2.58% Traditional ROI: 6.26%
7723 Mile Point Drive Central Lake, MI Intermediate Lake Shared frontage......Brand new custom full log home - cottage still in f...	3 beds \| 2 baths \| 2,040 sq.ft.	$337,500	Airbnb cash on cash: 0.71% Traditional cash on cash: 8.16% Airbnb Rental Income: $1031 Traditional Rental Income: $3033 Airbnb ROI: 0.71% Traditional ROI: 8.16%
1198 W Intermediate Lake Drive Central Lake, MI Enjoy 100 feet of true sandy-bottom frontage on one of Northern Michiganâs most sought-a...	4 beds \| 2 baths \| 2,402 sq.ft.	$999,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 1.39% Airbnb Rental Income: $2430 Traditional Rental Income: $3018 Airbnb ROI: 0.12% Traditional ROI: 1.39%
9791 Paradise Hills Drive Central Lake, MI Welcome to Paradise Hills, catch views of Torch Lake and Grand Traverse Bay from this quie...	5 beds \| 3 baths \| 3,400 sq.ft.	$549,500	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.19% Airbnb Rental Income: $2206 Traditional Rental Income: $2866 Airbnb ROI: 0.82% Traditional ROI: 3.19%
7861 Bradford Central Lake, MI Intermediate Lake Gem! Log sided 2 level home located on Estate size 1+ acre parcel locate...	3 beds \| 3 baths \| 2,840 sq.ft.	$849,900	Airbnb cash on cash: -1.03% Traditional cash on cash: 2.53% Airbnb Rental Income: $1031 Traditional Rental Income: $3491 Airbnb ROI: -1.03% Traditional ROI: 2.53%
2076 WEST STREET Central Lake, MI Located in the Village of Central Lake, this 2-bed/1-bath home sits on 2-1/2 lotsâsouth ...	2 beds \| 1 baths \| 1,158 sq.ft.	$159,900	Airbnb cash on cash: 4.22% Traditional cash on cash: 8.49% Airbnb Rental Income: $1404 Traditional Rental Income: $1633 Airbnb ROI: 4.22% Traditional ROI: 8.49%
10840 Torchlight Lane Central Lake, MI Simply stated, you can't go wrong with these twin cabins. Located at 10836 and 10840 Torch...	2 beds \| 2 baths \| 920 sq.ft.	$459,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.03% Airbnb Rental Income: $1404 Traditional Rental Income: $1720 Airbnb ROI: 0.31% Traditional ROI: 2.03%
10862 Torchlight Lane Central Lake, MI Panoramic views of magnificent Torch Lake await with this charming 3-bedroom, 1-bath home....	3 beds \| 1 baths \| 902 sq.ft.	$749,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 0.63% Airbnb Rental Income: $1031 Traditional Rental Income: $1679 Airbnb ROI: -0.81% Traditional ROI: 0.63%
9616 Meggison Central Lake, MI Welcome to your new home in beautiful Central Lake! Tucked into a quiet grove of pines on ...	4 beds \| 2 baths \| 2,153 sq.ft.	$349,900	Airbnb cash on cash: 3.93% Traditional cash on cash: 6.85% Airbnb Rental Income: $2430 Traditional Rental Income: $2794 Airbnb ROI: 3.93% Traditional ROI: 6.85%
4399 N East Torch Lake Drive Central Lake, MI Exceptional home with quality features and breath taking sunset views over Torch Lake. Ove...	3 beds \| 4 baths \| 3,812 sq.ft.	$2,350,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 0.38% Airbnb Rental Income: $1031 Traditional Rental Income: $4054 Airbnb ROI: -1.17% Traditional ROI: 0.38%
1944 WEST Central Lake, MI Welcome to Central Lake! This charming custom-built home offers flexibility and comfort wi...	3 beds \| 1 baths \| 1,580 sq.ft.	$169,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 9% Airbnb Rental Income: $1031 Traditional Rental Income: $1957 Airbnb ROI: 1.05% Traditional ROI: 9%
4958 Rushton Road Central Lake, MI Charming Log-Sided Retreat! This lovely one-level home offers the perfect blend of comfort...	2 beds \| 1 baths \| 1,100 sq.ft.	$269,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.05% Airbnb Rental Income: $1404 Traditional Rental Income: $1765 Airbnb ROI: 0.97% Traditional ROI: 4.05%
4958 RUSHTON Central Lake, MI Charming Log-Sided Retreat! This lovely one-level home offers the perfect blend of comfort...	2 beds \| 1 baths \| 1,100 sq.ft.	$269,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.73% Airbnb Rental Income: $1404 Traditional Rental Income: $1789 Airbnb ROI: 1.56% Traditional ROI: 4.73%
6132 Bunker Hill Road Central Lake, MI Donât miss this rare opportunity to own a piece of Northern Michigan history with this c...	2 beds \| 1 baths \| 1,044 sq.ft.	$149,800	Airbnb cash on cash: 4.25% Traditional cash on cash: 8.49% Airbnb Rental Income: $1404 Traditional Rental Income: $1590 Airbnb ROI: 4.25% Traditional ROI: 8.49%
8840 W Old State Central Lake, MI Welcome to this charming 2-bedroom, 2-bath home on a full basement, perfectly located just...	2 beds \| 2 baths \| 1,184 sq.ft.	$187,500	Airbnb cash on cash: 3.44% Traditional cash on cash: 9.81% Airbnb Rental Income: $1404 Traditional Rental Income: $2115 Airbnb ROI: 3.44% Traditional ROI: 9.81%

Real Estate investment in Central-lake, MI

There are 22 properties for sale in the city of Central Lake . The median list price in Central Lake is $349,900 and the average price per square foot is $185. In December 2025, the average monthly cash on cash return in Central Lake is 6.00%. The average monthly rental income in Central Lake is $2,079.

Central-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 22 investment properties available for sale in Central-lake.

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

The ROI for Long-Term is higher than the Short-Term in Central-lake with average rental income of $2,079.

Your search for investment property begins and ends here

Investment Property for Sale in Central Lake, MI

2601 Rushton Road

Central Lake, MI

3 beds | 3 baths | 2,729 sq.ft.

$575,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 4.51%

Airbnb Rental Income: $1031

Traditional Rental Income: $3462

Airbnb ROI: -0.69%

Traditional ROI: 4.51%

1944 West Street

Central Lake, MI

3 beds | 1 baths | 1,580 sq.ft.

$169,900

Airbnb cash on cash: 2.3%

Traditional cash on cash: 10.14%

Airbnb Rental Income: $1031

Traditional Rental Income: $1939

Airbnb ROI: 2.3%

Traditional ROI: 10.14%

9865 Paradise Hills Drive

Central Lake, MI

3 beds | 3 baths | 2,010 sq.ft.

$409,900

Airbnb cash on cash: -0.05%

Traditional cash on cash: 5.72%

Airbnb Rental Income: $1031

Traditional Rental Income: $2889

Airbnb ROI: -0.05%

Traditional ROI: 5.72%

7963 E State Street

Central Lake, MI

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

$175,000

Airbnb cash on cash: 3.8%

Traditional cash on cash: 9.06%

Airbnb Rental Income: $1404

Traditional Rental Income: $1858

Airbnb ROI: 3.8%

Traditional ROI: 9.06%

1034 S EAST TORCH LAKE DRIVE

Central Lake, MI

4 beds | 3 baths | 3,845 sq.ft.

$4,950,000

Airbnb cash on cash: -2.15%

Traditional cash on cash: -2.05%

Airbnb Rental Income: $2430

Traditional Rental Income: $2309

Airbnb ROI: -2.15%

Traditional ROI: -2.05%

10844 Torchlight Lane

Central Lake, MI

2 beds | 2 baths | 864 sq.ft.

$649,900

Airbnb cash on cash: 0.24%

Traditional cash on cash: 0.12%

Airbnb Rental Income: $1404

Traditional Rental Income: $906

Airbnb ROI: 0.24%

Traditional ROI: 0.12%

8106 W State Street

Central Lake, MI

3 beds | 2 baths | 1,680 sq.ft.

$229,500

Airbnb cash on cash: 0.14%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $1031

Traditional Rental Income: $2079

Airbnb ROI: 0.14%

Traditional ROI: 6.63%

2515 Rushton Road

Central Lake, MI

4 beds | 3 baths | 2,880 sq.ft.

$419,500

Airbnb cash on cash: 2.58%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $2430

Traditional Rental Income: $3282

Airbnb ROI: 2.58%