Real Estate Investment Properties for Sale in Houghton Lake, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8589 E Houghton Lake Drive Houghton Lake, MI Beautiful lakefront home on Houghton Lake's quiet north shore, offering 84 feet of pristin...	3 beds \| 2 baths \| 1,733 sq.ft.	$539,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 2.81% Airbnb Rental Income: $1317 Traditional Rental Income: $2784 Airbnb ROI: -0.91% Traditional ROI: 2.81%
707 Shoreline Houghton Lake, MI Welcome to your turnkey lakeside retreat just 200 feet from the shimmering shoreline of Ho...	4 beds \| 2 baths \| 950 sq.ft.	$269,000	Airbnb cash on cash: 3.25% Traditional cash on cash: 6.72% Airbnb Rental Income: $1793 Traditional Rental Income: $2185 Airbnb ROI: 3.25% Traditional ROI: 6.72%
159 Dale Road Houghton Lake, MI Welcome to your dream waterfront retreat! This lake house offers 76 feet of prime frontage...	4 beds \| 2 baths \| 2,416 sq.ft.	$739,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 1.78% Airbnb Rental Income: $1793 Traditional Rental Income: $3059 Airbnb ROI: -0.77% Traditional ROI: 1.78%
108 Desoto Avenue Houghton Lake, MI This charming 2-bedroom, 1-bath home is the perfect fit for a weekend getaway, first-time ...	2 beds \| 1 baths \| N/A	$129,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 9.36% Airbnb Rental Income: $768 Traditional Rental Income: $1576 Airbnb ROI: 0.36% Traditional ROI: 9.36%
105 Marigold Lane Houghton Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bath, 2000 sq. ft. site-built home locate...	3 beds \| 2 baths \| 2,000 sq.ft.	$315,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 7.35% Airbnb Rental Income: $1317 Traditional Rental Income: $2709 Airbnb ROI: 1.27% Traditional ROI: 7.35%
108 Eastbrook Avenue Houghton Lake, MI Lakefront Bliss on Houghton Lake - Private Dock, Stunning Views & All-Sports Access Wake u...	3 beds \| 2 baths \| 1,233 sq.ft.	$499,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.06% Airbnb Rental Income: $1317 Traditional Rental Income: $2332 Airbnb ROI: 0.02% Traditional ROI: 3.06%
6789 E Houghton Lake Drive Houghton Lake, MI ALL-YEAR-ROUND HOME VIBE - OUTDOOR SHOWER - STEPS TO THE LAKE - BOAT RAMP - MOORING RIGHTS...	3 beds \| 1 baths \| 1,056 sq.ft.	$244,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.48% Airbnb Rental Income: $1317 Traditional Rental Income: $1202 Airbnb ROI: 1.21% Traditional ROI: 2.48%
11366 W Shore Drive Houghton Lake, MI CANAL HOME with 64' of water frontage...This newly built 3-bedroom, 2-bath home offers mod...	3 beds \| 2 baths \| 960 sq.ft.	$439,500	Airbnb cash on cash: 0.71% Traditional cash on cash: 1.3% Airbnb Rental Income: $1317 Traditional Rental Income: $1151 Airbnb ROI: 0.71% Traditional ROI: 1.3%
6222 W Emery Road Houghton Lake, MI ''Motivated Seller of this Estate Sale''. Price Reduced. This stunning custom-built home o...	3 beds \| 3 baths \| 1,895 sq.ft.	$339,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 7.89% Airbnb Rental Income: $1317 Traditional Rental Income: $3192 Airbnb ROI: 0.72% Traditional ROI: 7.89%
5167 E Houghton Lake Drive Houghton Lake, MI Welcome to 5167 E . Houghton Lake Drive. Beautiful Houghton Lake offers so many outdoor ac...	3 beds \| 3 baths \| 1,930 sq.ft.	$249,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 10.82% Airbnb Rental Income: $1317 Traditional Rental Income: $3211 Airbnb ROI: 1.07% Traditional ROI: 10.82%
207 BUTTERFIELD Lane Houghton Lake, MI HOUGHTON LAKE area! Easy 3 minute ride to the sandy south shore. Charming ranch home in a ...	3 beds \| 1 baths \| 1,100 sq.ft.	$174,900	Airbnb cash on cash: 2.91% Traditional cash on cash: 8.49% Airbnb Rental Income: $1317 Traditional Rental Income: $1838 Airbnb ROI: 2.91% Traditional ROI: 8.49%
10360 West Shore Drive Houghton Lake, MI Private Waterfront Home, RV Park and rentals with approx. 200 feet of water frontage and t...	2 beds \| 2 baths \| 1,800 sq.ft.	$1,500,000	Airbnb cash on cash: -2.28% Traditional cash on cash: -0.32% Airbnb Rental Income: $768 Traditional Rental Income: $3172 Airbnb ROI: -2.28% Traditional ROI: -0.32%
615 Long Point Drive Houghton Lake, MI Adorable 3-bedroom, 1.5-bath furnished lakefront home located on a prime spot along Hought...	3 beds \| N/A baths \| 1,189 sq.ft.	$479,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 1.58% Airbnb Rental Income: $1317 Traditional Rental Income: $1936 Airbnb ROI: -0.71% Traditional ROI: 1.58%
3113 Long Point Drive Houghton Lake, MI Here is your chance to own an extraordinary piece of property on Houghton Lake's highly de...	3 beds \| N/A baths \| 1,464 sq.ft.	$599,999	Airbnb cash on cash: -0.86% Traditional cash on cash: 2.07% Airbnb Rental Income: $1317 Traditional Rental Income: $2548 Airbnb ROI: -0.86% Traditional ROI: 2.07%
895 E Houghton Lake Drive Houghton Lake, MI She's a one in a million beauty on Houghotn Lake! This stunning, newly remodeled residence...	4 beds \| 3 baths \| 2,375 sq.ft.	$1,350,000	Airbnb cash on cash: -1.57% Traditional cash on cash: -0.11% Airbnb Rental Income: $1793 Traditional Rental Income: $3128 Airbnb ROI: -1.57% Traditional ROI: -0.11%
103 Grand Rapids Road Road Houghton Lake, MI The perfect opportunity for lake living! This property sits on calmer west side of Houghto...	2 beds \| 1 baths \| 960 sq.ft.	$129,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 8.96% Airbnb Rental Income: $768 Traditional Rental Income: $1489 Airbnb ROI: 0.59% Traditional ROI: 8.96%
8110 Perry Road Houghton Lake, MI Welcome to Hidden Meadows Farm. Situated on almost 17 acres of gently rolling landscape, t...	3 beds \| 1 baths \| 1,374 sq.ft.	$399,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 3.63% Airbnb Rental Income: $1317 Traditional Rental Income: $1941 Airbnb ROI: 0.88% Traditional ROI: 3.63%
3860 Tower Hill Houghton Lake, MI Complete remodel, custom tiled bathroom, split air/heat on 1st/2nd floor, new kitchen cabi...	3 beds \| 1 baths \| 900 sq.ft.	$134,900	Airbnb cash on cash: 4.52% Traditional cash on cash: 10.54% Airbnb Rental Income: $1317 Traditional Rental Income: $1688 Airbnb ROI: 4.52% Traditional ROI: 10.54%
5407 W Houghton Lake Drive Houghton Lake, MI Looking to become a landlord and start profiting from real estate? Excellent income opport...	3 beds \| N/A baths \| N/A	$170,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 5.97% Airbnb Rental Income: $1317 Traditional Rental Income: $1422 Airbnb ROI: 2.8% Traditional ROI: 5.97%
12320 E Houghton Lake Drive Houghton Lake, MI Land Contract Terms Available! Fully remodeled home with large garage and views of gorgeou...	3 beds \| 1 baths \| 1,390 sq.ft.	$174,900	Airbnb cash on cash: 3.17% Traditional cash on cash: 9.63% Airbnb Rental Income: $1317 Traditional Rental Income: $1985 Airbnb ROI: 3.17% Traditional ROI: 9.63%
9906 E Houghton Lake Drive Houghton Lake, MI Spacious and flexible 4-bedroom home with a possible 5th bedroom-currently used as a small...	4 beds \| N/A baths \| 2,477 sq.ft.	$225,000	Airbnb cash on cash: 4.17% Traditional cash on cash: 11.18% Airbnb Rental Income: $1793 Traditional Rental Income: $2798 Airbnb ROI: 4.17% Traditional ROI: 11.18%
202 Forestville Road Houghton Lake, MI Welcome to A Peaceful Houghton Lake Retreat! Set on two beautifully wooded lots in the des...	3 beds \| 2 baths \| 1,600 sq.ft.	$260,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 7.48% Airbnb Rental Income: $1317 Traditional Rental Income: $2393 Airbnb ROI: 1.43% Traditional ROI: 7.48%
6891 E Houghton Lake Drive Houghton Lake, MI Affordable Lakefront Living on Houghton Lake! Don't miss this charming 2-bedroom, 1-bath c...	2 beds \| 1 baths \| 560 sq.ft.	$124,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 9.26% Airbnb Rental Income: $768 Traditional Rental Income: $1486 Airbnb ROI: 0.65% Traditional ROI: 9.26%
1106 Houghton View Drive Houghton Lake, MI Back on the Market - funding fell through...passed inspection and appraisal! Charming Houg...	2 beds \| 1 baths \| 1,008 sq.ft.	$350,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.22% Airbnb Rental Income: $768 Traditional Rental Income: $1673 Airbnb ROI: -0.5% Traditional ROI: 3.22%
607 Shoreline Drive Houghton Lake, MI Meticulously kept 4 bed 2 bath Lakeview home located in the heart of all that Houghton Lak...	5 beds \| 2 baths \| 1,896 sq.ft.	$399,000	Airbnb cash on cash: 5.68% Traditional cash on cash: 6.21% Airbnb Rental Income: $3732 Traditional Rental Income: $3119 Airbnb ROI: 5.68% Traditional ROI: 6.21%
410 Terrace Drive Houghton Lake, MI This 3-bedroom, 1-bath home with a full basement, tons of built-in storage and hardwood fl...	3 beds \| 1 baths \| 1,670 sq.ft.	$180,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 10.07% Airbnb Rental Income: $1317 Traditional Rental Income: $2019 Airbnb ROI: 3.59% Traditional ROI: 10.07%
205 Beechwood Avenue Houghton Lake, MI Cute and cozy cottage with Houghton Lake just down the road! Walk to the end of the street...	3 beds \| 2 baths \| 1,080 sq.ft.	$249,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 6.66% Airbnb Rental Income: $1317 Traditional Rental Income: $2030 Airbnb ROI: 1.9% Traditional ROI: 6.66%
234 Radcliff Drive Houghton Lake, MI Handyman Special...Welcome to Houghton Lake Forest Estates! This property boasts over 2,00...	3 beds \| 1 baths \| 2,082 sq.ft.	$165,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 10.02% Airbnb Rental Income: $1317 Traditional Rental Income: $2028 Airbnb ROI: 2.91% Traditional ROI: 10.02%
6369 Wooded Trail Houghton Lake, MI Custom Cedar home nestled among mature trees, this home showcases timeless cedar siding an...	3 beds \| 3 baths \| 1,626 sq.ft.	$365,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.92% Airbnb Rental Income: $1317 Traditional Rental Income: $2615 Airbnb ROI: 0.94% Traditional ROI: 5.92%
10913 E Houghton Lake Drive Houghton Lake, MI Incredible opportunity to own a lakefront cabin resort on the shores of Houghton Lake, Mic...	N/A beds \| N/A baths \| 6,476 sq.ft.	$1,190,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 0.36% Airbnb Rental Income: $443 Traditional Rental Income: $1892 Airbnb ROI: -1.19% Traditional ROI: 0.36%
202 Redwine Drive Houghton Lake, MI Whether youâre looking for a full-time residence or a weekend getaway, this home offers ...	3 beds \| 1 baths \| 900 sq.ft.	$159,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 8.74% Airbnb Rental Income: $1317 Traditional Rental Income: $1732 Airbnb ROI: 3.32% Traditional ROI: 8.74%
103 Beech Houghton Lake, MI Charming Up North Retreat with Room to Grow â Views of Houghton Lake and Six Spacious Lo...	2 beds \| 1 baths \| 760 sq.ft.	$119,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 11.4% Airbnb Rental Income: $768 Traditional Rental Income: $1599 Airbnb ROI: 1.48% Traditional ROI: 11.4%
3974 W Houghton Lake Drive Houghton Lake, MI Enjoy lake life at its finest in this move-in ready 3-bedroom home. Shared private lake ac...	3 beds \| N/A baths \| 1,086 sq.ft.	$349,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.2% Airbnb Rental Income: $1317 Traditional Rental Income: $2086 Airbnb ROI: 0.61% Traditional ROI: 4.2%
219 Russell Avenue Houghton Lake, MI Situated on multiple lots in a desirable subdivision just minutes from town, this property...	2 beds \| 1 baths \| N/A	$169,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 6.98% Airbnb Rental Income: $768 Traditional Rental Income: $1503 Airbnb ROI: 0.49% Traditional ROI: 6.98%
117 Vienna Court Houghton Lake, MI This lovely Chalet style home has 3 Bedrooms, 2.5 Baths and is situated on 3 combined lots...	3 beds \| N/A baths \| 1,728 sq.ft.	$339,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 6.49% Airbnb Rental Income: $1317 Traditional Rental Income: $2601 Airbnb ROI: 1.18% Traditional ROI: 6.49%
6119 W Nestel Road Houghton Lake, MI This 5 Bedroom 3 Full Bath Home checks a lot of Boxes. Nice Neighborhood, Huge Corner Lot,...	5 beds \| 3 baths \| 4,800 sq.ft.	$360,000	Airbnb cash on cash: 6.54% Traditional cash on cash: 8.02% Airbnb Rental Income: $3732 Traditional Rental Income: $3421 Airbnb ROI: 6.54% Traditional ROI: 8.02%
4901 River Road Houghton Lake, MI Welcome Up North! Charming 2-bedroom, 1-bath home in a great location near ORV trails, Hou...	2 beds \| 1 baths \| 950 sq.ft.	$145,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 8.34% Airbnb Rental Income: $768 Traditional Rental Income: $1498 Airbnb ROI: 0.81% Traditional ROI: 8.34%
149 Oak Marr Drive Houghton Lake, MI Motivated Sellers Estate Welcome to this charming 1.5 story, 3BR, 2.5BA home in the seclud...	3 beds \| N/A baths \| 2,158 sq.ft.	$349,900	Airbnb cash on cash: 0.73% Traditional cash on cash: 7.1% Airbnb Rental Income: $1317 Traditional Rental Income: $3001 Airbnb ROI: 0.73% Traditional ROI: 7.1%
10090 Snowbowl Houghton Lake, MI Tucked deep within a forested landscape, this inviting woodland hideaway sits on 15 acres ...	2 beds \| 1 baths \| 1,650 sq.ft.	$325,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 3.99% Airbnb Rental Income: $768 Traditional Rental Income: $1758 Airbnb ROI: -0.29% Traditional ROI: 3.99%
119 Wilson Avenue Houghton Lake, MI Lakefront cottage with 50 feet of beautiful frontage on Houghton Lake's peaceful southwest...	2 beds \| 1 baths \| 800 sq.ft.	$389,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 1.57% Airbnb Rental Income: $768 Traditional Rental Income: $1586 Airbnb ROI: -1.54% Traditional ROI: 1.57%

Real Estate investment in Houghton-lake, MI

There are 65 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $259,500 and the average price per square foot is $170. In October 2025, the average monthly cash on cash return in Houghton Lake is 7.00%. The average monthly rental income in Houghton Lake is $2,011.

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

There are 65 investment properties available for sale in Houghton-lake.

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

The ROI for Long-Term is higher than the Short-Term in Houghton-lake with average rental income of $2,011.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

8589 E Houghton Lake Drive

Houghton Lake, MI

3 beds | 2 baths | 1,733 sq.ft.

$539,000

Airbnb cash on cash: -0.91%

Traditional cash on cash: 2.81%

Airbnb Rental Income: $1317

Traditional Rental Income: $2784

Airbnb ROI: -0.91%

Traditional ROI: 2.81%

707 Shoreline

Houghton Lake, MI

4 beds | 2 baths | 950 sq.ft.

$269,000

Airbnb cash on cash: 3.25%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $1793

Traditional Rental Income: $2185

Airbnb ROI: 3.25%

Traditional ROI: 6.72%

159 Dale Road

Houghton Lake, MI

4 beds | 2 baths | 2,416 sq.ft.

$739,000

Airbnb cash on cash: -0.77%

Traditional cash on cash: 1.78%

Airbnb Rental Income: $1793

Traditional Rental Income: $3059

Airbnb ROI: -0.77%

Traditional ROI: 1.78%

108 Desoto Avenue

Houghton Lake, MI

2 beds | 1 baths | N/A

$129,900

Airbnb cash on cash: 0.36%

Traditional cash on cash: 9.36%

Airbnb Rental Income: $768

Traditional Rental Income: $1576

Airbnb ROI: 0.36%

Traditional ROI: 9.36%

105 Marigold Lane

Houghton Lake, MI

3 beds | 2 baths | 2,000 sq.ft.

$315,000

Airbnb cash on cash: 1.27%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1317

Traditional Rental Income: $2709

Airbnb ROI: 1.27%

Traditional ROI: 7.35%

108 Eastbrook Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,233 sq.ft.

$499,900

Airbnb cash on cash: 0.02%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1317

Traditional Rental Income: $2332

Airbnb ROI: 0.02%

Traditional ROI: 3.06%

6789 E Houghton Lake Drive

Houghton Lake, MI

3 beds | 1 baths | 1,056 sq.ft.

$244,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 2.48%

Airbnb Rental Income: $1317

Traditional Rental Income: $1202

Airbnb ROI: 1.21%

Traditional ROI: 2.48%

11366 W Shore Drive

Houghton Lake, MI

3 beds | 2 baths | 960 sq.ft.

$439,500

Airbnb cash on cash: 0.71%

Traditional cash on cash: 1.3%

Airbnb Rental Income: $1317

Traditional Rental Income: $1151

Airbnb ROI: 0.71%