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
10870 Torchlight Ln Central Lake, MI Beautiful Torch Lake Waterfront, Endless Sunset views from this Home offers shared sandy b...	10 beds \| 7 baths \| 5,009 sq.ft.	$5,000,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.3% Airbnb Rental Income: $null Traditional Rental Income: $5908 Airbnb ROI: N/A Traditional ROI: -1.3%
1944 West St 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.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.46% Airbnb Rental Income: $null Traditional Rental Income: $1939 Airbnb ROI: N/A Traditional ROI: 10.46%
4294 N East Torch Lake Dr Central Lake, MI Spectacular Torch Lake sunset views and private waterfront will be yours from this pristin...	4 beds \| 3 baths \| 2,020 sq.ft.	$1,659,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $3089 Airbnb ROI: N/A Traditional ROI: 0.75%
1513 Vermeersch Rd Central Lake, MI Tucked along Vermeersch Road, this home offers a quieter setting with open skies and a str...	4 beds \| 3 baths \| 1,639 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $2452 Airbnb ROI: N/A Traditional ROI: 4.11%
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 Ln 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%
7786 E State Central Lake, MI Experience the best of Northern Michigan living in this beautifully renovated 3-bedroom, 2...	3 beds \| 2 baths \| 1,480 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.32% Airbnb Rental Income: $null Traditional Rental Income: $1999 Airbnb ROI: N/A Traditional ROI: 2.32%
9791 Paradise Hills Dr 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 Ln 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 Ln 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.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $1957 Airbnb ROI: N/A Traditional ROI: 9.33%
351 N M-88 Central Lake, MI Space, updates, and location come together in this 4-bedroom, 3-bath home offering room to...	4 beds \| 2 baths \| 2,597 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.22% Airbnb Rental Income: $null Traditional Rental Income: $2910 Airbnb ROI: N/A Traditional ROI: 5.22%
1199 W Intermediate Lake Dr 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%
000 Veldkamp Rd Central Lake, MI 000 Veldkamp Rd, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 6.5%
2817 W Shore Dr Central Lake, MI 2817 W Shore Dr, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $803 Airbnb ROI: N/A Traditional ROI: 8.84%
TBD Veldkamp Ln Central Lake, MI TBD Veldkamp Ln, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$118,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.54% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: 3.54%
00 N M-88 Central Lake, MI 00 N M-88, Central Lake, MI 49622 \| Other	N/A beds \| N/A baths \| N/A	$949,900	Airbnb cash on cash: N/A Traditional cash on cash: -1.73% Airbnb Rental Income: $null Traditional Rental Income: $800 Airbnb ROI: N/A Traditional ROI: -1.73%
3615 Wak Wing Dr Central Lake, MI 3615 Wak Wing Dr, Central Lake, MI 49622 \| Single Family Residential	2 beds \| 2 baths \| 1,887 sq.ft.	$1,499,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.96% Airbnb Rental Income: $null Traditional Rental Income: $2279 Airbnb ROI: N/A Traditional ROI: -0.96%
2009 Heritage Central Lake, MI Beautiful and exceptionally well-cared-for ranch-style home offering 3 bedrooms and 2 bath...	3 beds \| 2 baths \| 1,392 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $2310 Airbnb ROI: N/A Traditional ROI: 6.23%

Real Estate investment in Central-lake, MI

There are 19 properties for sale in the city of Central Lake . The median list price in Central Lake is $420,000 and the average price per square foot is $222. In March 2026, the average monthly cash on cash return in Central Lake is 4.00%. The average monthly rental income in Central Lake is $1,858.

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

There are 19 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

10870 Torchlight Ln

Central Lake, MI

10 beds | 7 baths | 5,009 sq.ft.

$5,000,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.3%

Airbnb Rental Income: $null

Traditional Rental Income: $5908

Airbnb ROI: N/A

Traditional ROI: -1.3%

1944 West St

Central Lake, MI

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

$164,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.46%

Airbnb Rental Income: $null

Traditional Rental Income: $1939

Airbnb ROI: N/A

Traditional ROI: 10.46%

4294 N East Torch Lake Dr

Central Lake, MI

4 beds | 3 baths | 2,020 sq.ft.

$1,659,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.75%

Airbnb Rental Income: $null

Traditional Rental Income: $3089

Airbnb ROI: N/A

Traditional ROI: 0.75%

1513 Vermeersch Rd

Central Lake, MI

4 beds | 3 baths | 1,639 sq.ft.

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.11%

Airbnb Rental Income: $null

Traditional Rental Income: $2452

Airbnb ROI: N/A

Traditional ROI: 4.11%

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 Ln

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%

7786 E State

Central Lake, MI

3 beds | 2 baths | 1,480 sq.ft.

$420,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1999

Airbnb ROI: N/A

Traditional ROI: 2.32%

9791 Paradise Hills Dr

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