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 East 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 \| N/A	$539,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 2.81% Airbnb Rental Income: $1204 Traditional Rental Income: $2784 Airbnb ROI: -1.1% Traditional ROI: 2.81%
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: -1.15% Traditional cash on cash: 1.78% Airbnb Rental Income: $1480 Traditional Rental Income: $3059 Airbnb ROI: -1.15% 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: 0.19% Traditional cash on cash: 9.36% Airbnb Rental Income: $743 Traditional Rental Income: $1576 Airbnb ROI: 0.19% 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.	$299,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 7.79% Airbnb Rental Income: $1204 Traditional Rental Income: $2709 Airbnb ROI: 1.06% Traditional ROI: 7.79%
3657 E Houghton Lake Drive Houghton Lake, MI Your dream home awaits with this 3-bedroom 1 bath remodeled log cabin 1 house from access ...	3 beds \| 1 baths \| 1,584 sq.ft.	$349,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.3% Airbnb Rental Income: $1204 Traditional Rental Income: $1896 Airbnb ROI: 1.01% Traditional ROI: 4.3%
2385 W Houghton Lake Drive Houghton Lake, MI Discover your perfect retreat. This spacious home boasts 2423 sq ft of comfortable living ...	4 beds \| 2 baths \| 2,423 sq.ft.	$365,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 4.15% Airbnb Rental Income: $1480 Traditional Rental Income: $2380 Airbnb ROI: 0.25% Traditional ROI: 4.15%
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: 0.81% Traditional cash on cash: 2.48% Airbnb Rental Income: $1204 Traditional Rental Income: $1202 Airbnb ROI: 0.81% Traditional ROI: 2.48%
2457 S Townline Road Houghton Lake, MI Welcome to relaxed lake-life living on Houghton Lake! This cozy and comfortable 3-bedroom,...	3 beds \| 3 baths \| 768 sq.ft.	$279,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 6.13% Airbnb Rental Income: $1204 Traditional Rental Income: $2407 Airbnb ROI: 0.09% Traditional ROI: 6.13%
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.	$164,900	Airbnb cash on cash: 2.54% Traditional cash on cash: 9.05% Airbnb Rental Income: $1204 Traditional Rental Income: $1838 Airbnb ROI: 2.54% Traditional ROI: 9.05%
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: -2.29% Traditional cash on cash: -0.32% Airbnb Rental Income: $743 Traditional Rental Income: $3172 Airbnb ROI: -2.29% Traditional ROI: -0.32%
107 Pepperell Avenue Houghton Lake, MI Happy Thanksgiving! Diamond in Plain Sight Seeks Forever Family! Rare Houghton Lake Home W...	4 beds \| 3 baths \| 3,000 sq.ft.	$349,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 7.69% Airbnb Rental Income: $1480 Traditional Rental Income: $3194 Airbnb ROI: 1.13% Traditional ROI: 7.69%
5490 S Harrison Road Houghton Lake, MI This incredible 46-acre property truly has it all: a beautiful setting, multiple outbuildi...	2 beds \| N/A baths \| 1 sq.ft.	$379,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 4.6% Airbnb Rental Income: $743 Traditional Rental Income: $2321 Airbnb ROI: -0.71% Traditional ROI: 4.6%
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: 0.42% Traditional cash on cash: 8.96% Airbnb Rental Income: $743 Traditional Rental Income: $1489 Airbnb ROI: 0.42% Traditional ROI: 8.96%
7571 E Houghton Lake Drive Houghton Lake, MI SUNRISES & SUNSETS ON 150' HOUGHTON LAKE SHORELINE! Enjoy the best of life on Michigan's l...	3 beds \| 1 baths \| 900 sq.ft.	$250,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 4.13% Airbnb Rental Income: $1204 Traditional Rental Income: $1575 Airbnb ROI: 0.91% 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.	$399,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.63% Airbnb Rental Income: $1204 Traditional Rental Income: $1941 Airbnb ROI: 0.63% Traditional ROI: 3.63%
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: 2.22% Traditional cash on cash: 5.97% Airbnb Rental Income: $1204 Traditional Rental Income: $1422 Airbnb ROI: 2.22% 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: 2.6% Traditional cash on cash: 9.63% Airbnb Rental Income: $1204 Traditional Rental Income: $1985 Airbnb ROI: 2.6% 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 \| 2 baths \| 2,477 sq.ft.	$225,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 11.18% Airbnb Rental Income: $1480 Traditional Rental Income: $2798 Airbnb ROI: 2.94% Traditional ROI: 11.18%
206 Redwine Drive Houghton Lake, MI Beautifully Renovated Home or Cottage - Move-In Ready!Complete quality renovations by a tr...	3 beds \| 2 baths \| 1,344 sq.ft.	$249,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 7.77% Airbnb Rental Income: $1204 Traditional Rental Income: $2286 Airbnb ROI: 1.53% Traditional ROI: 7.77%
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: -1.22% Traditional cash on cash: 0.36% Airbnb Rental Income: $403 Traditional Rental Income: $1892 Airbnb ROI: -1.22% Traditional ROI: 0.36%
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: 1.3% Traditional cash on cash: 11.4% Airbnb Rental Income: $743 Traditional Rental Income: $1599 Airbnb ROI: 1.3% Traditional ROI: 11.4%
149 Oak Marr Drive Houghton Lake, MI Motivated Sellers Estate All new carpet throughout home Welcome to this charming 1.5 story...	3 beds \| 2 baths \| 2,158 sq.ft.	$345,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 7.19% Airbnb Rental Income: $1204 Traditional Rental Income: $3001 Airbnb ROI: 0.46% Traditional ROI: 7.19%
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.	$310,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 4.23% Airbnb Rental Income: $743 Traditional Rental Income: $1758 Airbnb ROI: -0.32% Traditional ROI: 4.23%
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: -1.6% Traditional cash on cash: 1.57% Airbnb Rental Income: $743 Traditional Rental Income: $1586 Airbnb ROI: -1.6% Traditional ROI: 1.57%
1673 Goldenrod Drive Houghton Lake, MI MOTIVATED SELLER!!! Seller is offering a $2,500 flooring credit to Buyer. Welcome to your ...	3 beds \| 2 baths \| 1,250 sq.ft.	$179,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 10.65% Airbnb Rental Income: $1204 Traditional Rental Income: $2175 Airbnb ROI: 2.7% Traditional ROI: 10.65%
3441 N Townline Road Houghton Lake, MI Ready to escape the ordinary? This completely renovated home on 8+ acres is your ticket to...	3 beds \| 2 baths \| 1,945 sq.ft.	$429,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.95% Airbnb Rental Income: $1204 Traditional Rental Income: $2639 Airbnb ROI: 0.42% Traditional ROI: 4.95%
2980 E Houghton Lake Drive Houghton Lake, MI Charming 3BR, 1 Bath home tucked off E Houghton Dr on nearly 3 serene acres. Recently remo...	3 beds \| 1 baths \| 1,220 sq.ft.	$229,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.46% Airbnb Rental Income: $1204 Traditional Rental Income: $1828 Airbnb ROI: 0.8% Traditional ROI: 5.46%
6698 Birdsong Road Houghton Lake, MI A great Barndominium located on 10 wooded acres in the country on a secluded, peaceful, qu...	1 beds \| 1 baths \| 900 sq.ft.	$329,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 4.17% Airbnb Rental Income: $718 Traditional Rental Income: $1743 Airbnb ROI: -0.13% Traditional ROI: 4.17%
204 Elm Houghton Lake, MI Freshly renovated 2-bedroom, 1-bath home on over 1/3 of an acre (3 lots combined)! Updates...	2 beds \| 1 baths \| 1,226 sq.ft.	$119,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 11.37% Airbnb Rental Income: $743 Traditional Rental Income: $1697 Airbnb ROI: 0.41% Traditional ROI: 11.37%
6351 W Emery Road Houghton Lake, MI NEW PRICE! 10 awesome secluded acres in Houghton Lake, perfect for someone wanting to just...	2 beds \| 1 baths \| 1,056 sq.ft.	$289,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 3.1% Airbnb Rental Income: $743 Traditional Rental Income: $1624 Airbnb ROI: -1.28% Traditional ROI: 3.1%
13510 W Shore Drive Houghton Lake, MI Escape to waterfront living with this 1BR, 1BA home plus multi-purpose room that can serve...	1 beds \| 1 baths \| 1,250 sq.ft.	$229,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 6.64% Airbnb Rental Income: $718 Traditional Rental Income: $2003 Airbnb ROI: -0.69% Traditional ROI: 6.64%
4860 W Houghton Lk Houghton Lake, MI This beautiful 3-bedroom, 2.5-bath home offers shared water frontage on Houghton LakeâM...	3 beds \| 3 baths \| 2,187 sq.ft.	$659,900	Airbnb cash on cash: -1.3% Traditional cash on cash: 3.06% Airbnb Rental Income: $1204 Traditional Rental Income: $3495 Airbnb ROI: -1.3% Traditional ROI: 3.06%
106 Lakeview Houghton Lake, MI Charming 2-bedroom, 1-bath home on a nice-sized lotâfully furnished with everything you ...	2 beds \| 1 baths \| 877 sq.ft.	$149,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 8.68% Airbnb Rental Income: $743 Traditional Rental Income: $1652 Airbnb ROI: 0.11% Traditional ROI: 8.68%
1750 S Loxley Road Houghton Lake, MI Professionally Renovated on Houghton Lake's Desirable West Side. This fully updated 3-bedr...	3 beds \| 1 baths \| 1,282 sq.ft.	$155,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 10.38% Airbnb Rental Income: $1204 Traditional Rental Income: $1889 Airbnb ROI: 3.13% Traditional ROI: 10.38%
9394 E Houghton Lake Drive Houghton Lake, MI This large 2180 square foot home is directly across the street from beautiful Houghton Lak...	4 beds \| 2 baths \| 2,180 sq.ft.	$259,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 7.85% Airbnb Rental Income: $1480 Traditional Rental Income: $2513 Airbnb ROI: 1.84% Traditional ROI: 7.85%
1254 E Federal Ave Houghton Lake, MI Just the Right Price, Just the Right Place! This charming home offers the perfect blend of...	2 beds \| 1 baths \| 1,100 sq.ft.	$230,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 7.18% Airbnb Rental Income: $743 Traditional Rental Income: $1987 Airbnb ROI: 0.02% Traditional ROI: 7.18%
113 Wells Street Houghton Lake, MI Snowmobiles and Side by Sides Come all. Enjoy our 22 thousand Acre, Houghton Lake. This ho...	3 beds \| 2 baths \| 1,300 sq.ft.	$274,700	Airbnb cash on cash: 1.45% Traditional cash on cash: 7% Airbnb Rental Income: $1204 Traditional Rental Income: $2252 Airbnb ROI: 1.45% Traditional ROI: 7%
6545 W Emery Houghton Lake, MI Tucked away at the end of a long, private driveway, this 2-bedroom, 1-bathroom home offers...	2 beds \| 1 baths \| 1,100 sq.ft.	$259,900	Airbnb cash on cash: -0.17% Traditional cash on cash: 4.77% Airbnb Rental Income: $743 Traditional Rental Income: $1641 Airbnb ROI: -0.17% Traditional ROI: 4.77%
6653 Dove Tail Houghton Lake, MI Welcome home to this beautiful and spacious property set on more than an acre of peaceful,...	3 beds \| 2 baths \| 1,800 sq.ft.	$189,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 11.54% Airbnb Rental Income: $1204 Traditional Rental Income: $2575 Airbnb ROI: 1.74% Traditional ROI: 11.54%
3610 Tower Hill Road Houghton Lake, MI Enjoy Up North living in this cozy 2-bed, 1-bath chalet featuring a tongue-and-groove pine...	2 beds \| 1 baths \| 900 sq.ft.	$169,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 6.55% Airbnb Rental Income: $743 Traditional Rental Income: $1450 Airbnb ROI: 0.25% Traditional ROI: 6.55%

Real Estate investment in Houghton-lake, MI

There are 45 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $249,900 and the average price per square foot is $169. In December 2025, the average monthly cash on cash return in Houghton Lake is 7.00%. The average monthly rental income in Houghton Lake is $1,975.

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

There are 45 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 $1,975.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

8589 East Houghton Lake Drive

Houghton Lake, MI

3 beds | 2 baths | N/A

$539,000

Airbnb cash on cash: -1.1%

Traditional cash on cash: 2.81%

Airbnb Rental Income: $1204

Traditional Rental Income: $2784

Airbnb ROI: -1.1%

Traditional ROI: 2.81%

159 Dale Road

Houghton Lake, MI

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

$739,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 1.78%

Airbnb Rental Income: $1480

Traditional Rental Income: $3059

Airbnb ROI: -1.15%

Traditional ROI: 1.78%

108 Desoto Avenue

Houghton Lake, MI

2 beds | 1 baths | N/A

$129,900

Airbnb cash on cash: 0.19%

Traditional cash on cash: 9.36%

Airbnb Rental Income: $743

Traditional Rental Income: $1576

Airbnb ROI: 0.19%

Traditional ROI: 9.36%

105 Marigold Lane

Houghton Lake, MI

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

$299,000

Airbnb cash on cash: 1.06%

Traditional cash on cash: 7.79%

Airbnb Rental Income: $1204

Traditional Rental Income: $2709

Airbnb ROI: 1.06%

Traditional ROI: 7.79%

3657 E Houghton Lake Drive

Houghton Lake, MI

3 beds | 1 baths | 1,584 sq.ft.

$349,900

Airbnb cash on cash: 1.01%

Traditional cash on cash: 4.3%

Airbnb Rental Income: $1204

Traditional Rental Income: $1896

Airbnb ROI: 1.01%

Traditional ROI: 4.3%

2385 W Houghton Lake Drive

Houghton Lake, MI

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

$365,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1480

Traditional Rental Income: $2380

Airbnb ROI: 0.25%

Traditional ROI: 4.15%

6789 E Houghton Lake Drive

Houghton Lake, MI

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

$244,900

Airbnb cash on cash: 0.81%

Traditional cash on cash: 2.48%

Airbnb Rental Income: $1204

Traditional Rental Income: $1202

Airbnb ROI: 0.81%

Traditional ROI: 2.48%

2457 S Townline Road

Houghton Lake, MI

3 beds | 3 baths | 768 sq.ft.

$279,900

Airbnb cash on cash: 0.09%

Traditional cash on cash: 6.13%

Airbnb Rental Income: $1204

Traditional Rental Income: $2407

Airbnb ROI: 0.09%