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

separator

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: -0.96% Traditional cash on cash: 4.51% Airbnb Rental Income: $857 Traditional Rental Income: $3462 Airbnb ROI: -0.96% Traditional ROI: 4.51%
9865 Paradise Hills Drive Central Lake, MI Perched on a scenic ridge with truly breathtaking 360-degree views, this home offers a fro...	3 beds \| 3 baths \| 2,010 sq.ft.	$435,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 5.34% Airbnb Rental Income: $857 Traditional Rental Income: $2889 Airbnb ROI: -0.46% Traditional ROI: 5.34%
7963 E State Street Central Lake, MI 10% DISCOUNT FOR FULL PRICE CASH OFFER. Rare opportunity to own a solid downtown Central L...	2 beds \| 2 baths \| 1,200 sq.ft.	$239,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 6.42% Airbnb Rental Income: $1495 Traditional Rental Income: $1858 Airbnb ROI: 2.88% Traditional ROI: 6.42%
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: -2.3% Traditional cash on cash: -2.05% Airbnb Rental Income: $1655 Traditional Rental Income: $2309 Airbnb ROI: -2.3% 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: 0.37% Traditional cash on cash: 0.12% Airbnb Rental Income: $1495 Traditional Rental Income: $906 Airbnb ROI: 0.37% Traditional ROI: 0.12%
8106 W State Street Central Lake, MI Unique home/business property located in the heart of Village of Central Lake which has be...	3 beds \| 2 baths \| 1,680 sq.ft.	$234,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 6.46% Airbnb Rental Income: $857 Traditional Rental Income: $2079 Airbnb ROI: -0.56% Traditional ROI: 6.46%
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: 0.94% Traditional cash on cash: 6.26% Airbnb Rental Income: $1655 Traditional Rental Income: $3282 Airbnb ROI: 0.94% 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: 0.25% Traditional cash on cash: 8.16% Airbnb Rental Income: $857 Traditional Rental Income: $3033 Airbnb ROI: 0.25% 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: -0.57% Traditional cash on cash: 1.39% Airbnb Rental Income: $1655 Traditional Rental Income: $3018 Airbnb ROI: -0.57% 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.	$563,000	Airbnb cash on cash: -2.39% Traditional cash on cash: 3.09% Airbnb Rental Income: $210 Traditional Rental Income: $2866 Airbnb ROI: -2.39% Traditional ROI: 3.09%
2601 RUSHTON 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: -0.28% Traditional cash on cash: 5.29% Airbnb Rental Income: $857 Traditional Rental Income: $3515 Airbnb ROI: -0.28% Traditional ROI: 5.29%
7758 Maple Street Central Lake, MI Hereâs your chance to own a charming, turn-key cabin with 62 feet of private frontage on...	2 beds \| 1 baths \| 506 sq.ft.	$299,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 2.72% Airbnb Rental Income: $1495 Traditional Rental Income: $1574 Airbnb ROI: 0.89% Traditional ROI: 2.72%
2211 Howard Street Central Lake, MI IN TOWN Prime Location, Two story 3 BR 2 Bath home - Main Floor Primary with walk-in Close...	3 beds \| 2 baths \| 1,625 sq.ft.	$218,700	Airbnb cash on cash: 0.45% Traditional cash on cash: 9.81% Airbnb Rental Income: $857 Traditional Rental Income: $2463 Airbnb ROI: 0.45% Traditional ROI: 9.81%
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.	$874,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 2.43% Airbnb Rental Income: $857 Traditional Rental Income: $3491 Airbnb ROI: -1.21% Traditional ROI: 2.43%
2076 WEST STREET Central Lake, MI Located in the Village of Central Lake, this 2-bed/1-bath home sits on 2-1/2 lots-Âsouth ...	2 beds \| 1 baths \| 1,158 sq.ft.	$169,900	Airbnb cash on cash: 4.39% Traditional cash on cash: 7.95% Airbnb Rental Income: $1495 Traditional Rental Income: $1633 Airbnb ROI: 4.39% Traditional ROI: 7.95%
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: 0.49% Traditional cash on cash: 2.03% Airbnb Rental Income: $1495 Traditional Rental Income: $1720 Airbnb ROI: 0.49% 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: -1.02% Traditional cash on cash: 0.63% Airbnb Rental Income: $857 Traditional Rental Income: $1679 Airbnb ROI: -1.02% 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: 1.96% Traditional cash on cash: 6.85% Airbnb Rental Income: $1655 Traditional Rental Income: $2794 Airbnb ROI: 1.96% 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.	$2,390,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 0.36% Airbnb Rental Income: $857 Traditional Rental Income: $4054 Airbnb ROI: -1.24% Traditional ROI: 0.36%
2528 Muckle Road Central Lake, MI Classic rural setting farmhouse in impeccable condition on amazing tranquil 2 plus acre pa...	3 beds \| 1 baths \| 2,240 sq.ft.	$284,900	Airbnb cash on cash: -0.91% Traditional cash on cash: 4.65% Airbnb Rental Income: $857 Traditional Rental Income: $2018 Airbnb ROI: -0.91% Traditional ROI: 4.65%

Real Estate investment in Central-lake, MI

There are 20 properties for sale in the city of Central Lake . The median list price in Central Lake is $435,000 and the average price per square foot is $213. In October 2025, the average monthly cash on cash return in Central Lake is 5.00%. The average monthly rental income in Central Lake is $2,463.

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

There are 20 investment properties available for sale in Central-lake.

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

The ROI for Short-Term is higher than the Long-Term in Central-lake with average rental income of $857.

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: -0.96%

Traditional cash on cash: 4.51%

Airbnb Rental Income: $857

Traditional Rental Income: $3462

Airbnb ROI: -0.96%

Traditional ROI: 4.51%

9865 Paradise Hills Drive

Central Lake, MI

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

$435,000

Airbnb cash on cash: -0.46%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $857

Traditional Rental Income: $2889

Airbnb ROI: -0.46%

Traditional ROI: 5.34%

7963 E State Street

Central Lake, MI

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

$239,000

Airbnb cash on cash: 2.88%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1495

Traditional Rental Income: $1858

Airbnb ROI: 2.88%

Traditional ROI: 6.42%

1034 S EAST TORCH LAKE DRIVE

Central Lake, MI

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

$4,950,000

Airbnb cash on cash: -2.3%

Traditional cash on cash: -2.05%

Airbnb Rental Income: $1655

Traditional Rental Income: $2309

Airbnb ROI: -2.3%

Traditional ROI: -2.05%

10844 Torchlight Lane

Central Lake, MI

2 beds | 2 baths | 864 sq.ft.

$649,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 0.12%

Airbnb Rental Income: $1495

Traditional Rental Income: $906

Airbnb ROI: 0.37%

Traditional ROI: 0.12%

8106 W State Street

Central Lake, MI

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

$234,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $857

Traditional Rental Income: $2079

Airbnb ROI: -0.56%

Traditional ROI: 6.46%

2515 Rushton Road

Central Lake, MI

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

$419,500

Airbnb cash on cash: 0.94%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $1655

Traditional Rental Income: $3282

Airbnb ROI: 0.94%

Traditional ROI: 6.26%

7723 Mile Point Drive

Central Lake, MI

3 beds | 2 baths | 2,040 sq.ft.

$337,500

Airbnb cash on cash: 0.25%

Traditional cash on cash: 8.16%

Airbnb Rental Income: $857

Traditional Rental Income: $3033

Airbnb ROI: 0.25%