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
13508 W Shore Drive Houghton Lake, MI Charming Cottage Just Steps from Houghton Lake Access! Looking for a year-round residence,...	2 beds \| 1 baths \| 1,250 sq.ft.	$229,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 6.23% Airbnb Rental Income: $549 Traditional Rental Income: $1855 Airbnb ROI: -1.07% Traditional ROI: 6.23%
125 Whitebirch Drive Houghton Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bath home in the heart of Houghton Lake! ...	3 beds \| 2 baths \| 1,766 sq.ft.	$234,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 9.2% Airbnb Rental Income: $921 Traditional Rental Income: $2458 Airbnb ROI: 0.74% Traditional ROI: 9.2%
3657 E Houghton Lake Drive Houghton Lake, MI Escape up north in this remodeled log cabin just one home from public road end access to H...	3 beds \| 1 baths \| 1,584 sq.ft.	$328,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.64% Airbnb Rental Income: $921 Traditional Rental Income: $1896 Airbnb ROI: 0.37% Traditional ROI: 4.64%
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: -0.47% Traditional cash on cash: 4.15% Airbnb Rental Income: $1181 Traditional Rental Income: $2380 Airbnb ROI: -0.47% Traditional ROI: 4.15%
213 Bayshore Drive Houghton Lake, MI Beautifully renovated and fully furnished Houghton Lakefront home offering a turnkey exper...	3 beds \| 2 baths \| 1,780 sq.ft.	$999,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 0.41% Airbnb Rental Income: $921 Traditional Rental Income: $1835 Airbnb ROI: -0.94% Traditional ROI: 0.41%
106 Tin Pan Alley Houghton Lake, MI Lovely Primary, Rental, or Vacation home, located seconds from Lake access at end of Road ...	2 beds \| 1 baths \| 760 sq.ft.	$175,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.81% Airbnb Rental Income: $549 Traditional Rental Income: $1039 Airbnb ROI: -0.82% Traditional ROI: 3.81%
6366 W Houghton Lake Drive unit: 7/8 Houghton Lake, MI Enjoy lake life without the upkeep! This 2-bedroom, 2-bath condo offers shared lakefront a...	2 beds \| 2 baths \| 800 sq.ft.	$114,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 11.48% Airbnb Rental Income: $549 Traditional Rental Income: $1602 Airbnb ROI: -0.53% Traditional ROI: 11.48%
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: -1.35% Traditional cash on cash: 3.72% Airbnb Rental Income: $549 Traditional Rental Income: $2074 Airbnb ROI: -1.35% Traditional ROI: 3.72%
107 Pepperell Avenue Houghton Lake, MI This versatile property offers two full living areas under one roof, making it ideal for m...	4 beds \| 3 baths \| 3,000 sq.ft.	$349,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 7.69% Airbnb Rental Income: $1181 Traditional Rental Income: $3194 Airbnb ROI: 0.37% 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 \| 2 baths \| 1 sq.ft.	$379,900	Airbnb cash on cash: -1.16% Traditional cash on cash: 4.6% Airbnb Rental Income: $549 Traditional Rental Income: $2321 Airbnb ROI: -1.16% Traditional ROI: 4.6%
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: -0.09% Traditional cash on cash: 4.13% Airbnb Rental Income: $921 Traditional Rental Income: $1575 Airbnb ROI: -0.09% 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: 0.14% Traditional cash on cash: 4.28% Airbnb Rental Income: $921 Traditional Rental Income: $1941 Airbnb ROI: 0.14% 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: -0.46% Traditional cash on cash: 7.98% Airbnb Rental Income: $921 Traditional Rental Income: $2572 Airbnb ROI: -0.46% 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.	$145,500	Airbnb cash on cash: -1.17% Traditional cash on cash: 7.63% Airbnb Rental Income: $549 Traditional Rental Income: $1494 Airbnb ROI: -1.17% Traditional ROI: 7.63%
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: -1.2% Traditional cash on cash: 0.36% Airbnb Rental Income: $430 Traditional Rental Income: $1892 Airbnb ROI: -1.2% Traditional ROI: 0.36%
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.	$145,500	Airbnb cash on cash: -2.45% Traditional cash on cash: 10.59% Airbnb Rental Income: $549 Traditional Rental Income: $2086 Airbnb ROI: -2.45% Traditional ROI: 10.59%
3706 Country Court Houghton Lake, MI Nature, Privacy & Modern Comforts! Offered in the Country Settings Development Welcome to ...	3 beds \| 2 baths \| 1,255 sq.ft.	$399,900	Airbnb cash on cash: -1.27% Traditional cash on cash: 3.37% Airbnb Rental Income: $921 Traditional Rental Income: $2320 Airbnb ROI: -1.27% Traditional ROI: 3.37%
3441 N 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: -0.12% Traditional cash on cash: 5.24% Airbnb Rental Income: $921 Traditional Rental Income: $2639 Airbnb ROI: -0.12% Traditional ROI: 5.24%
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: -0.28% Traditional cash on cash: 5.49% Airbnb Rental Income: $921 Traditional Rental Income: $1828 Airbnb ROI: -0.28% Traditional ROI: 5.49%
1750 S Loxley Road Houghton Lake, MI Tucked just off the main drag in Houghton Lake, this beautifully remodeled three-bedroom, ...	3 beds \| 1 baths \| 2 sq.ft.	$163,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 9.37% Airbnb Rental Income: $921 Traditional Rental Income: $1889 Airbnb ROI: 0.99% Traditional ROI: 9.37%
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: 0.54% Traditional cash on cash: 7% Airbnb Rental Income: $921 Traditional Rental Income: $2252 Airbnb ROI: 0.54% Traditional ROI: 7%
10222 W Shore Drive Houghton Lake, MI Welcome to this charming 3-bedroom, 1-bath home in the highly sought-after Sun and Snow As...	3 beds \| 1 baths \| 1,280 sq.ft.	$299,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 3.33% Airbnb Rental Income: $921 Traditional Rental Income: $1451 Airbnb ROI: 0.24% Traditional ROI: 3.33%
607 W Federal Houghton Lake, MI This well-maintained home is ideally located within walking distance of one of Michiganâ...	3 beds \| 1 baths \| 1,200 sq.ft.	$230,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 6.7% Airbnb Rental Income: $921 Traditional Rental Income: $1830 Airbnb ROI: 0.95% Traditional ROI: 6.7%
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: 3.59% Traditional cash on cash: 10.35% Airbnb Rental Income: $1665 Traditional Rental Income: $2638 Airbnb ROI: 3.59% 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: -0.38% Traditional cash on cash: 2.05% Airbnb Rental Income: $1665 Traditional Rental Income: $2448 Airbnb ROI: -0.38% 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: -1.68% Traditional cash on cash: 2.47% Airbnb Rental Income: $921 Traditional Rental Income: $2936 Airbnb ROI: -1.68% Traditional ROI: 2.47%
6366 West Houghton Lake Drive Houghton Lake, MI Enjoy lake life without the upkeep! This 2-bedroom, 2-bath condo offers shared lakefront a...	2 beds \| 2 baths \| N/A	$114,900	Airbnb cash on cash: -0.98% Traditional cash on cash: 5.69% Airbnb Rental Income: $549 Traditional Rental Income: $1010 Airbnb ROI: -0.98% Traditional ROI: 5.69%
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: -0.79% Traditional cash on cash: 10.15% Airbnb Rental Income: $549 Traditional Rental Income: $1736 Airbnb ROI: -0.79% Traditional ROI: 10.15%
106 Southview Houghton Lake, MI Well maintained 3BD/2BA home on 6 acres of hardwoods just over one mile from Houghton Lake...	3 beds \| 2 baths \| 2,695 sq.ft.	$325,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 2.11% Airbnb Rental Income: $921 Traditional Rental Income: $1292 Airbnb ROI: -0.23% Traditional ROI: 2.11%
805 Houghton View Drive Houghton Lake, MI Located just steps from Houghton Lake, this charming property offers excellent road-end la...	1 beds \| 1 baths \| 852 sq.ft.	$159,900	Airbnb cash on cash: -2.76% Traditional cash on cash: 1.93% Airbnb Rental Income: $293 Traditional Rental Income: $771 Airbnb ROI: -2.76% Traditional ROI: 1.93%
3108 S Loxley Road Houghton Lake, MI Exactly what you've been looking for -- a fixer-upper mobile home with well and septic on ...	2 beds \| 1 baths \| 798 sq.ft.	$119,900	Airbnb cash on cash: -0.99% Traditional cash on cash: 9.42% Airbnb Rental Income: $549 Traditional Rental Income: $1472 Airbnb ROI: -0.99% Traditional ROI: 9.42%
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: 0.52% Traditional cash on cash: 11.89% Airbnb Rental Income: $921 Traditional Rental Income: $2400 Airbnb ROI: 0.52% Traditional ROI: 11.89%

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 $229,000 and the average price per square foot is $152. In April 2026, the average monthly cash on cash return in Houghton Lake is 6.00%. The average monthly rental income in Houghton Lake is $1,892.

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

There are 45 investment properties available for sale in Houghton-lake.

In 2026, 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 $1,892.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

13508 W Shore Drive

Houghton Lake, MI

2 beds | 1 baths | 1,250 sq.ft.

$229,900

Airbnb cash on cash: -1.07%

Traditional cash on cash: 6.23%

Airbnb Rental Income: $549

Traditional Rental Income: $1855

Airbnb ROI: -1.07%

Traditional ROI: 6.23%

125 Whitebirch Drive

Houghton Lake, MI

3 beds | 2 baths | 1,766 sq.ft.

$234,900

Airbnb cash on cash: 0.74%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $921

Traditional Rental Income: $2458

Airbnb ROI: 0.74%

Traditional ROI: 9.2%

3657 E Houghton Lake Drive

Houghton Lake, MI

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

$328,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $921

Traditional Rental Income: $1896

Airbnb ROI: 0.37%

Traditional ROI: 4.64%

2385 W Houghton Lake Drive

Houghton Lake, MI

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

$365,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1181

Traditional Rental Income: $2380

Airbnb ROI: -0.47%

Traditional ROI: 4.15%

213 Bayshore Drive

Houghton Lake, MI

3 beds | 2 baths | 1,780 sq.ft.

$999,000

Airbnb cash on cash: -0.94%

Traditional cash on cash: 0.41%

Airbnb Rental Income: $921

Traditional Rental Income: $1835

Airbnb ROI: -0.94%

Traditional ROI: 0.41%

106 Tin Pan Alley

Houghton Lake, MI

2 beds | 1 baths | 760 sq.ft.

$175,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $549

Traditional Rental Income: $1039

Airbnb ROI: -0.82%

Traditional ROI: 3.81%

6366 W Houghton Lake Drive unit: 7/8

Houghton Lake, MI

2 beds | 2 baths | 800 sq.ft.

$114,900

Airbnb cash on cash: -0.53%

Traditional cash on cash: 11.48%

Airbnb Rental Income: $549

Traditional Rental Income: $1602

Airbnb ROI: -0.53%

Traditional ROI: 11.48%

1504 Houghton View Drive

Houghton Lake, MI

2 beds | 1 baths | 1,214 sq.ft.

$379,900

Airbnb cash on cash: -1.35%

Traditional cash on cash: 3.72%

Airbnb Rental Income: $549

Traditional Rental Income: $2074

Airbnb ROI: -1.35%