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: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $3462 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 10.14% Airbnb Rental Income: $null Traditional Rental Income: $1939 Airbnb ROI: N/A 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.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $2889 Airbnb ROI: N/A Traditional ROI: 6.06%
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: N/A Traditional cash on cash: 9.06% Airbnb Rental Income: $null Traditional Rental Income: $1858 Airbnb ROI: N/A Traditional ROI: 9.06%
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: N/A Traditional cash on cash: 0.12% Airbnb Rental Income: $null Traditional Rental Income: $906 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $2079 Airbnb ROI: N/A Traditional ROI: 6.63%
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: N/A Traditional cash on cash: 8.16% Airbnb Rental Income: $null Traditional Rental Income: $3033 Airbnb ROI: N/A Traditional ROI: 8.16%
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: N/A Traditional cash on cash: 3.19% Airbnb Rental Income: $null Traditional Rental Income: $2866 Airbnb ROI: N/A Traditional ROI: 3.19%
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: N/A Traditional cash on cash: 2.03% Airbnb Rental Income: $null Traditional Rental Income: $1720 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 0.63% Airbnb Rental Income: $null Traditional Rental Income: $1679 Airbnb ROI: N/A Traditional ROI: 0.63%
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: N/A Traditional cash on cash: 9% Airbnb Rental Income: $null Traditional Rental Income: $1957 Airbnb ROI: N/A Traditional ROI: 9%
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: N/A Traditional cash on cash: 9.81% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A Traditional ROI: 9.81%
1199 W Intermediate Lake Drive Central Lake, MI Well maintained 5 bedroom, 2 bath home offering beautiful views of Intermediate Lake from ...	5 beds \| 2 baths \| 1,947 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2848 Airbnb ROI: N/A Traditional ROI: 5.23%
1392 N Intermediate Lake Road Central Lake, MI Spectacular newer, custom built Porter home located on spacious 2 acre parcel just outside...	3 beds \| 4 baths \| 3,190 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $4028 Airbnb ROI: N/A Traditional ROI: 7.96%
2817 W Shore Dr Central Lake, MI 2817 W Shore Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$45,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.66% Airbnb Rental Income: $null Traditional Rental Income: $803 Airbnb ROI: N/A Traditional ROI: 7.66%

Real Estate investment in Central-lake, MI

There are 15 properties for sale in the city of Central Lake . The median list price in Central Lake is $389,900 and the average price per square foot is $216. In January 2026, the average monthly cash on cash return in Central Lake is 7.00%. 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 15 investment properties available for sale in Central-lake.

In 2026, 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 $N/A.

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: N/A

Traditional cash on cash: 4.51%

Airbnb Rental Income: $null

Traditional Rental Income: $3462

Airbnb ROI: N/A

Traditional ROI: 4.51%

1944 West Street

Central Lake, MI

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

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.14%

Airbnb Rental Income: $null

Traditional Rental Income: $1939

Airbnb ROI: N/A

Traditional ROI: 10.14%

9865 Paradise Hills Drive

Central Lake, MI

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

$389,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2889

Airbnb ROI: N/A

Traditional ROI: 6.06%

7963 E State Street

Central Lake, MI

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

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1858

Airbnb ROI: N/A

Traditional ROI: 9.06%

10844 Torchlight Lane

Central Lake, MI

2 beds | 2 baths | 864 sq.ft.

$649,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.12%

Airbnb Rental Income: $null

Traditional Rental Income: $906

Airbnb ROI: N/A

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: N/A

Traditional cash on cash: 6.63%

Airbnb Rental Income: $null

Traditional Rental Income: $2079

Airbnb ROI: N/A

Traditional ROI: 6.63%

7723 Mile Point Drive

Central Lake, MI

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

$337,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.16%

Airbnb Rental Income: $null

Traditional Rental Income: $3033

Airbnb ROI: N/A

Traditional ROI: 8.16%

9791 Paradise Hills Drive

Central Lake, MI

5 beds | 3 baths | 3,400 sq.ft.

$549,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2866

Airbnb ROI: N/A