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.

Single Family Homes for Sale in Houghton Lake, MI

Search for Single Family Residential for Sale in Houghton Lake, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 36 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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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%
11789 W Shore Drive Houghton Lake, MI Welcome to your perfect lake-area retreat! This well-maintained 3-bedroom, 2-bath home is ...	3 beds \| 2 baths \| 1,400 sq.ft.	$199,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.8% Airbnb Rental Income: $1115 Traditional Rental Income: $1292 Airbnb ROI: 0.89% Traditional ROI: 3.8%
125 Whitebirch Drive Houghton Lake, MI With almost 1800sq ft of living space, this 3-bedroom and 2 bath ranch is in Houghton Lake...	3 beds \| 2 baths \| 1,766 sq.ft.	$234,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 8.13% Airbnb Rental Income: $1115 Traditional Rental Income: $2458 Airbnb ROI: 0.39% Traditional ROI: 8.13%
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.	$169,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 7.37% Airbnb Rental Income: $1115 Traditional Rental Income: $1639 Airbnb ROI: 1.82% Traditional ROI: 7.37%
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: -0.34% Traditional cash on cash: 3.06% Airbnb Rental Income: $1115 Traditional Rental Income: $2332 Airbnb ROI: -0.34% 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%
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.	$399,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 1.53% Airbnb Rental Income: $1115 Traditional Rental Income: $1151 Airbnb ROI: 0.43% Traditional ROI: 1.53%
5167 E Houghton Lake Drive Houghton Lake, MI Welcome to 5167 E. Houghton Lake Drive, Approx. 1930 Sq. Ft. Ranch style home. 3 Bedrooms ...	3 beds \| 3 baths \| 1,930 sq.ft.	$248,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 10.82% Airbnb Rental Income: $1115 Traditional Rental Income: $3211 Airbnb ROI: 0.27% Traditional ROI: 10.82%
4660 Cains Drive Houghton Lake, MI Spacious 1,700 sq ft ranch with 289 ft of frontage across two canal-front lots on the Musk...	3 beds \| 3 baths \| 1,695 sq.ft.	$389,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 5.14% Airbnb Rental Income: $1115 Traditional Rental Income: $2546 Airbnb ROI: 0.19% Traditional ROI: 5.14%
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%
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: 0.27% Traditional cash on cash: 3.99% Airbnb Rental Income: $1115 Traditional Rental Income: $1963 Airbnb ROI: 0.27% Traditional ROI: 3.99%
7697 E Houghton Lake Drive Houghton Lake, MI PRIVATE ACCESS TO HOUGHTON LAKE! Rare 3BR detached condo w/boat dock and hoist on Houghton...	3 beds \| 1 baths \| 1,344 sq.ft.	$249,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 3.85% Airbnb Rental Income: $1115 Traditional Rental Income: $1447 Airbnb ROI: 0.86% Traditional ROI: 3.85%
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.	$134,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 8.28% Airbnb Rental Income: $611 Traditional Rental Income: $1494 Airbnb ROI: -0.78% Traditional ROI: 8.28%
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: 0.7% Traditional cash on cash: 7.47% Airbnb Rental Income: $1115 Traditional Rental Income: $2393 Airbnb ROI: 0.7% Traditional ROI: 7.47%
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%
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.	$159,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 9.62% Airbnb Rental Income: $1115 Traditional Rental Income: $1889 Airbnb ROI: 2.09% Traditional ROI: 9.62%
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.	$399,900	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.52% Airbnb Rental Income: $1115 Traditional Rental Income: $2685 Airbnb ROI: 0.33% Traditional ROI: 5.52%
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%
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.	$129,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 10.97% Airbnb Rental Income: $611 Traditional Rental Income: $1736 Airbnb ROI: -0.36% Traditional ROI: 10.97%
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: -2.56% Traditional cash on cash: 5.25% Airbnb Rental Income: $329 Traditional Rental Income: $1277 Airbnb ROI: -2.56% Traditional ROI: 5.25%
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: 1.53% Traditional cash on cash: 11.89% Airbnb Rental Income: $1115 Traditional Rental Income: $2400 Airbnb ROI: 1.53% 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.	$134,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 6.14% Airbnb Rental Income: $611 Traditional Rental Income: $1213 Airbnb ROI: -0.75% Traditional ROI: 6.14%
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: -0.1% Traditional cash on cash: 3.77% Airbnb Rental Income: $1115 Traditional Rental Income: $2371 Airbnb ROI: -0.1% 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%
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: 0.71% Traditional cash on cash: 7.48% Airbnb Rental Income: $1115 Traditional Rental Income: $2652 Airbnb ROI: 0.71% Traditional ROI: 7.48%
612 Michelson Drive 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: 0.39% Traditional cash on cash: 8.96% Airbnb Rental Income: $611 Traditional Rental Income: $1431 Airbnb ROI: 0.39% Traditional ROI: 8.96%
3215 N Townline Road Houghton Lake, MI Situated on a 4-acre lot across from state land, this quietly nestled property offers the ...	4 beds \| 2 baths \| 1,620 sq.ft.	$159,900	Airbnb cash on cash: 5.28% Traditional cash on cash: 9.49% Airbnb Rental Income: $1504 Traditional Rental Income: $1708 Airbnb ROI: 5.28% Traditional ROI: 9.49%
7709 E Houghton Lake Drive Houghton Lake, MI SUNRISES AND SUNSETS! Rare and amazing lakefront condo with Houghton Lake frontage. 3 BR o...	3 beds \| 1 baths \| 1,008 sq.ft.	$315,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.38% Airbnb Rental Income: $1115 Traditional Rental Income: $1832 Airbnb ROI: 0.69% Traditional ROI: 4.38%
119 Flora Avenue Houghton Lake, MI DEDICATED DOCKING: Tucked away in the desirable Houghton Lake Heights community, this most...	2 beds \| 1 baths \| 936 sq.ft.	$175,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 3.67% Airbnb Rental Income: $611 Traditional Rental Income: $1010 Airbnb ROI: -0.47% Traditional ROI: 3.67%

Your search for investment property begins and ends here

Single Family Homes 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%

11789 W Shore Drive

Houghton Lake, MI

3 beds | 2 baths | 1,400 sq.ft.

$199,900

Airbnb cash on cash: 0.89%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $1115

Traditional Rental Income: $1292

Airbnb ROI: 0.89%

Traditional ROI: 3.8%

125 Whitebirch Drive

Houghton Lake, MI

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

$234,900

Airbnb cash on cash: 0.39%

Traditional cash on cash: 8.13%

Airbnb Rental Income: $1115

Traditional Rental Income: $2458

Airbnb ROI: 0.39%

Traditional ROI: 8.13%

206 Silverhill Drive

Houghton Lake, MI

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

$169,900

Airbnb cash on cash: 1.82%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $1115

Traditional Rental Income: $1639

Airbnb ROI: 1.82%

Traditional ROI: 7.37%

108 Eastbrook Avenue

Houghton Lake, MI

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

$499,900

Airbnb cash on cash: -0.34%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1115

Traditional Rental Income: $2332

Airbnb ROI: -0.34%

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%

11366 W Shore Drive

Houghton Lake, MI

3 beds | 2 baths | 960 sq.ft.

$399,000

Airbnb cash on cash: 0.43%

Traditional cash on cash: 1.53%

Airbnb Rental Income: $1115

Traditional Rental Income: $1151

Airbnb ROI: 0.43%