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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
707 Shoreline Houghton Lake, MI Just 200 feet from the sparkling waters of Houghton Lake, this turnkey two-cabin property ...	4 beds \| 2 baths \| 950 sq.ft.	$259,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 7.01% Airbnb Rental Income: $1504 Traditional Rental Income: $2185 Airbnb ROI: 2.43% Traditional ROI: 7.01%
142 Winding Drive Houghton Lake, MI It doesn't get any better than this. It has it all. Living room, Kitchen Dining area. Thre...	4 beds \| 2 baths \| 1,204 sq.ft.	$269,900	Airbnb cash on cash: 2.26% Traditional cash on cash: 5.93% Airbnb Rental Income: $1504 Traditional Rental Income: $1999 Airbnb ROI: 2.26% Traditional ROI: 5.93%
12739 E Houghton Lake Drive Houghton Lake, MI Lakefront with Spectacular sunset & sunrise Views! 5 bedrooms 3 full baths with 95 feet of...	5 beds \| 3 baths \| 2,074 sq.ft.	$820,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.87% Airbnb Rental Income: $2047 Traditional Rental Income: $3257 Airbnb ROI: 0.59% Traditional ROI: 2.87%
206 Silverhill Drive Houghton Lake, MI Escape to tranquility at Houghton Lake, where rustic charm meets recreational bliss. This ...	3 beds \| 1 baths \| 1,020 sq.ft.	$179,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 6.92% Airbnb Rental Income: $1120 Traditional Rental Income: $1639 Airbnb ROI: 1.69% Traditional ROI: 6.92%
3540 S Harrison Road Houghton Lake, MI Tucked away on 5 beautifully wooded acres, this inviting 3-bedroom, 2-bath home offers the...	3 beds \| 2 baths \| 1,404 sq.ft.	$299,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 5.38% Airbnb Rental Income: $1120 Traditional Rental Income: $2138 Airbnb ROI: 0.45% Traditional ROI: 5.38%
108 Eastbrook Avenue Houghton Lake, MI Welcome to your private escape on Houghton Lake! This beautifully maintained 3-bedroom, 2-...	3 beds \| 2 baths \| 1,260 sq.ft.	$499,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 3.06% Airbnb Rental Income: $1120 Traditional Rental Income: $2332 Airbnb ROI: -0.33% Traditional ROI: 3.06%
2385 W Houghton Lake Drive Houghton Lake, MI Discover your perfect retreat. This spacious home boasts 2423 sq ft of comfortable living ...	4 beds \| 3 baths \| 2,423 sq.ft.	$365,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.15% Airbnb Rental Income: $1504 Traditional Rental Income: $2380 Airbnb ROI: 0.31% Traditional ROI: 4.15%
124 Snowflake Way Houghton Lake, MI Charming and well-maintained home in a quiet Houghton Lake subdivision, just minutes from ...	3 beds \| 1 baths \| 900 sq.ft.	$165,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 8.02% Airbnb Rental Income: $1120 Traditional Rental Income: $1625 Airbnb ROI: 2.42% Traditional ROI: 8.02%
1604 E Houghton Lake Drive Houghton Lake, MI Looking for an affordable way to enjoy lake life? This charming and beautifully updated 1-...	1 beds \| 1 baths \| 475 sq.ft.	$109,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 10.03% Airbnb Rental Income: $329 Traditional Rental Income: $1338 Airbnb ROI: -1.75% Traditional ROI: 10.03%
6366 W Houghton Lake Drive #5 Houghton Lake, MI Nestled on the picturesque west shore of Houghton Lake, the cottage offers a retreat with ...	1 beds \| 1 baths \| 420 sq.ft.	$174,900	Airbnb cash on cash: -3.11% Traditional cash on cash: 3.03% Airbnb Rental Income: $329 Traditional Rental Income: $1109 Airbnb ROI: -3.11% Traditional ROI: 3.03%
1504 Houghton View Drive Houghton Lake, MI This comfortable cottage, holds an updated bathroom, 2 large bedrooms and a breezeway area...	2 beds \| 1 baths \| 1,214 sq.ft.	$379,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.72% Airbnb Rental Income: $611 Traditional Rental Income: $2074 Airbnb ROI: -1.21% Traditional ROI: 3.72%
109 Flora Avenue Houghton Lake, MI Charming and cozy 3-bedroom, 2-bath ranch located just a short distance from beautiful Hou...	3 beds \| 2 baths \| 1,540 sq.ft.	$349,950	Airbnb cash on cash: 0.28% Traditional cash on cash: 3.99% Airbnb Rental Income: $1120 Traditional Rental Income: $1963 Airbnb ROI: 0.28% Traditional ROI: 3.99%
7571 E Houghton Lake Drive Houghton Lake, MI SUNRISES & SUNSETS ON HOUGHTON LAKE'S NORTH SHORE! This freshly remodeled cottage has 150'...	3 beds \| 1 baths \| 900 sq.ft.	$250,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.13% Airbnb Rental Income: $1120 Traditional Rental Income: $1575 Airbnb ROI: 0.61% Traditional ROI: 4.13%
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.	$349,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.28% Airbnb Rental Income: $1120 Traditional Rental Income: $1941 Airbnb ROI: 0.64% Traditional ROI: 4.28%
206 Joliet Avenue Houghton Lake, MI This 1520 square foot 3 bedroom, 2 bath home was recently converted from an existing garag...	3 beds \| 2 baths \| 1,520 sq.ft.	$249,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 7.98% Airbnb Rental Income: $1120 Traditional Rental Income: $2572 Airbnb ROI: 0.24% Traditional ROI: 7.98%
3974 W Houghton Lake Drive #7 Houghton Lake, MI Well maintained cabin just steps away from the shared beachfront on beautiful Houghton Lak...	2 beds \| 1 baths \| 480 sq.ft.	$139,500	Airbnb cash on cash: -0.79% Traditional cash on cash: 7.99% Airbnb Rental Income: $611 Traditional Rental Income: $1494 Airbnb ROI: -0.79% Traditional ROI: 7.99%
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.	$258,500	Airbnb cash on cash: 0.71% Traditional cash on cash: 7.47% Airbnb Rental Income: $1120 Traditional Rental Income: $2393 Airbnb ROI: 0.71% Traditional ROI: 7.47%
3974 W Houghton Lake Drive Houghton Lake, MI Well-maintained cabin just steps away from the shared beachfront on beautiful Houghton Lak...	2 beds \| 1 baths \| 480 sq.ft.	$139,500	Airbnb cash on cash: -2.13% Traditional cash on cash: 11.07% Airbnb Rental Income: $611 Traditional Rental Income: $2086 Airbnb ROI: -2.13% Traditional ROI: 11.07%
119 Wilson Avenue Houghton Lake, MI Opportunities like this don't come along often--50 feet of beautiful frontage on Houghton ...	2 beds \| 1 baths \| 800 sq.ft.	$369,000	Airbnb cash on cash: -1.87% Traditional cash on cash: 1.79% Airbnb Rental Income: $611 Traditional Rental Income: $1586 Airbnb ROI: -1.87% Traditional ROI: 1.79%
2980 E Houghton Lake Drive Houghton Lake, MI Charming 3-bedroom, 1-bath home situated on 2.5 acres just a stone's throw from beautiful ...	3 beds \| 2 baths \| 1,128 sq.ft.	$229,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 5.49% Airbnb Rental Income: $1120 Traditional Rental Income: $1828 Airbnb ROI: 0.49% Traditional ROI: 5.49%
113 Wells Street Houghton Lake, MI Remodeled and move-in ready home just steps from Houghton Lake! This charming property off...	3 beds \| 2 baths \| 1,300 sq.ft.	$266,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 7.26% Airbnb Rental Income: $1120 Traditional Rental Income: $2252 Airbnb ROI: 1.25% Traditional ROI: 7.26%
3441 Townline Road Houghton Lake, MI Ready to escape the ordinary? This completely renovated home on 4+ acres is your ticket to...	3 beds \| 2 baths \| 1,611 sq.ft.	$410,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 5.36% Airbnb Rental Income: $1120 Traditional Rental Income: $2685 Airbnb ROI: 0.31% Traditional ROI: 5.36%
1155 Goldenrod Drive Houghton Lake, MI Large family home featuring 5 bdrms, 2 baths on three spacious wooded lots. Back of lots i...	5 beds \| 2 baths \| 2,115 sq.ft.	$225,000	Airbnb cash on cash: 5.09% Traditional cash on cash: 10.35% Airbnb Rental Income: $2047 Traditional Rental Income: $2638 Airbnb ROI: 5.09% Traditional ROI: 10.35%
5257/5259 W Houghton Lake Drive Houghton Lake, MI Rebuilt and beautifully renovated, this home offers stunning lake views of the South Shore...	5 beds \| 5 baths \| 2,680 sq.ft.	$550,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 2.05% Airbnb Rental Income: $2047 Traditional Rental Income: $2448 Airbnb ROI: 0.24% Traditional ROI: 2.05%
2229 S Loxley Road Houghton Lake, MI Tucked away on 2 acres along a shared private drive, this beautifully custom-built home ov...	3 beds \| 3 baths \| 3,800 sq.ft.	$609,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.47% Airbnb Rental Income: $1120 Traditional Rental Income: $2936 Airbnb ROI: -1.38% Traditional ROI: 2.47%
673 Goldenrod Drive Houghton Lake, MI Turn-key and ready for you! This beautifully maintained 2 bedroom, 2 bath home offers an i...	2 beds \| 2 baths \| 940 sq.ft.	$139,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 10.15% Airbnb Rental Income: $611 Traditional Rental Income: $1736 Airbnb ROI: -0.4% Traditional ROI: 10.15%
304 Oliver Street Houghton Lake, MI This large year-round home offers space, character, and a great location just three short ...	3 beds \| 2 baths \| 1,676 sq.ft.	$168,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 11.89% Airbnb Rental Income: $1120 Traditional Rental Income: $2400 Airbnb ROI: 1.55% Traditional ROI: 11.89%
3974 W HOUGHTON LAKE DRIVE UNIT #7 Houghton Lake, MI Well maintained cabin just steps away from the shared beachfront on beautiful Houghton Lak...	2 beds \| 1 baths \| 480 sq.ft.	$139,500	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.86% Airbnb Rental Income: $611 Traditional Rental Income: $1213 Airbnb ROI: -0.81% Traditional ROI: 5.86%
115 Miami Drive Houghton Lake, MI New canal-front listing on Houghton Lake offering 120 ft of frontage! Beautiful views from...	3 beds \| 2 baths \| 2,140 sq.ft.	$525,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 2.78% Airbnb Rental Income: $1120 Traditional Rental Income: $2696 Airbnb ROI: -1.2% Traditional ROI: 2.78%
459 McDonald Drive Houghton Lake, MI Charming 2 bedroom, 1 bath home that has been completely remodeled and tastefully updated....	2 beds \| 1 baths \| 768 sq.ft.	$169,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 5.81% Airbnb Rental Income: $611 Traditional Rental Income: $1345 Airbnb ROI: -0.55% Traditional ROI: 5.81%
102 Dockside Drive Houghton Lake, MI 117 ft on the canal of Houghton Lake in a highly sought-after neighborhood! This 3 bedroom...	3 beds \| 2 baths \| 1,400 sq.ft.	$449,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.77% Airbnb Rental Income: $1120 Traditional Rental Income: $2371 Airbnb ROI: -0.09% Traditional ROI: 3.77%
2077 Long Point Drive Houghton Lake, MI Experience effortless Lakefront living in this immaculate, truly turn-key home in the high...	2 beds \| 1 baths \| 1,656 sq.ft.	$499,900	Airbnb cash on cash: -2.04% Traditional cash on cash: 1.44% Airbnb Rental Income: $611 Traditional Rental Income: $1947 Airbnb ROI: -2.04% Traditional ROI: 1.44%
5783 W Houghton Lake Drive Houghton Lake, MI Super unique property offering the perfect blend of luxury, fun, and functionality! This o...	3 beds \| 4 baths \| 4,850 sq.ft.	$1,199,000	Airbnb cash on cash: -1.95% Traditional cash on cash: 0.86% Airbnb Rental Income: $1120 Traditional Rental Income: $3872 Airbnb ROI: -1.95% Traditional ROI: 0.86%
3321 Long Point Drive Houghton Lake, MI Option to purchase home without the pole barn across the road! This impeccably maintained ...	3 beds \| 2 baths \| 1,456 sq.ft.	$399,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 3.99% Airbnb Rental Income: $1120 Traditional Rental Income: $2534 Airbnb ROI: -0.79% Traditional ROI: 3.99%
13080 W Shore Drive #4B Houghton Lake, MI Welcome to your perfect waterfront retreat on the highly sought-after west side of Houghto...	2 beds \| 2 baths \| 1,386 sq.ft.	$329,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 4.66% Airbnb Rental Income: $611 Traditional Rental Income: $2308 Airbnb ROI: -1.75% Traditional ROI: 4.66%
305 Miller Drive Houghton Lake, MI Completely renovated cottage with deeded access to Houghton Lake and mooring rights! This ...	2 beds \| 2 baths \| 1,200 sq.ft.	$259,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 6.89% Airbnb Rental Income: $611 Traditional Rental Income: $2148 Airbnb ROI: -0.59% Traditional ROI: 6.89%
204 Broadway Road #4 Houghton Lake, MI Spacious Living with 84' of Shared Waterfront on Houghton Lake! Welcome to your perfect Up...	5 beds \| 4 baths \| 2,100 sq.ft.	$285,000	Airbnb cash on cash: 3.69% Traditional cash on cash: 11.85% Airbnb Rental Income: $2047 Traditional Rental Income: $3707 Airbnb ROI: 3.69% Traditional ROI: 11.85%
8900 Old Mead Road Houghton Lake, MI ONE YEAR HOME WARRANTY INCLUDED!! This inviting 3-bedroom, 2-bath home puts you close to t...	3 beds \| 2 baths \| 1,824 sq.ft.	$239,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 9.14% Airbnb Rental Income: $1120 Traditional Rental Income: $2492 Airbnb ROI: 1.43% Traditional ROI: 9.14%
124 Winding Houghton Lake, MI Beautiful chalet-style home in Houghton Lake Forest Estates, situated on a wooded double l...	3 beds \| 2 baths \| 1,800 sq.ft.	$300,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 7.48% Airbnb Rental Income: $1120 Traditional Rental Income: $2652 Airbnb ROI: 0.73% Traditional ROI: 7.48%
612 MICHELSON ROAD Houghton Lake, MI Discover the possibilities with this versatile 17+ acre property located just minutes from...	2 beds \| 1 baths \| 924 sq.ft.	$134,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 8.83% Airbnb Rental Income: $611 Traditional Rental Income: $1412 Airbnb ROI: 0.4% Traditional ROI: 8.83%

Real Estate investment in Houghton-lake, MI

There are 56 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $250,000 and the average price per square foot is $172. In May 2026, the average monthly cash on cash return in Houghton Lake is 6.00%. The average monthly rental income in Houghton Lake is $1,990.

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

There are 56 investment properties available for sale in Houghton-lake.

In 2026, the best neighborhood to buy investment property is Houghton Lake.

The ROI for Short-Term is higher than the Long-Term in Houghton-lake with average rental income of $1,120.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

707 Shoreline

Houghton Lake, MI

4 beds | 2 baths | 950 sq.ft.

$259,000

Airbnb cash on cash: 2.43%

Traditional cash on cash: 7.01%

Airbnb Rental Income: $1504

Traditional Rental Income: $2185

Airbnb ROI: 2.43%

Traditional ROI: 7.01%

142 Winding Drive

Houghton Lake, MI

4 beds | 2 baths | 1,204 sq.ft.

$269,900

Airbnb cash on cash: 2.26%

Traditional cash on cash: 5.93%

Airbnb Rental Income: $1504

Traditional Rental Income: $1999

Airbnb ROI: 2.26%

Traditional ROI: 5.93%

12739 E Houghton Lake Drive

Houghton Lake, MI

5 beds | 3 baths | 2,074 sq.ft.

$820,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $2047

Traditional Rental Income: $3257

Airbnb ROI: 0.59%

Traditional ROI: 2.87%

206 Silverhill Drive

Houghton Lake, MI

3 beds | 1 baths | 1,020 sq.ft.

$179,900

Airbnb cash on cash: 1.69%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $1120

Traditional Rental Income: $1639

Airbnb ROI: 1.69%

Traditional ROI: 6.92%

3540 S Harrison Road

Houghton Lake, MI

3 beds | 2 baths | 1,404 sq.ft.

$299,900

Airbnb cash on cash: 0.45%

Traditional cash on cash: 5.38%

Airbnb Rental Income: $1120

Traditional Rental Income: $2138

Airbnb ROI: 0.45%

Traditional ROI: 5.38%

108 Eastbrook Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,260 sq.ft.

$499,900

Airbnb cash on cash: -0.33%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1120

Traditional Rental Income: $2332

Airbnb ROI: -0.33%

Traditional ROI: 3.06%

2385 W Houghton Lake Drive

Houghton Lake, MI

4 beds | 3 baths | 2,423 sq.ft.

$365,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1504

Traditional Rental Income: $2380

Airbnb ROI: 0.31%

Traditional ROI: 4.15%

124 Snowflake Way

Houghton Lake, MI

3 beds | 1 baths | 900 sq.ft.

$165,000

Airbnb cash on cash: 2.42%

Traditional cash on cash: 8.02%

Airbnb Rental Income: $1120

Traditional Rental Income: $1625

Airbnb ROI: 2.42%