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 38 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
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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
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 \| 3 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%
1673 Goldenrod Drive Houghton Lake, MI MOTIVATED SELLER!!! Seller is offering a $2,500 flooring credit to Buyer. Welcome to your ...	3 beds \| N/A baths \| 1,250 sq.ft.	$199,900	Airbnb cash on cash: 2.83% Traditional cash on cash: 9.51% Airbnb Rental Income: $1317 Traditional Rental Income: $2175 Airbnb ROI: 2.83% Traditional ROI: 9.51%
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: 0.66% Traditional cash on cash: 4.95% Airbnb Rental Income: $1317 Traditional Rental Income: $2639 Airbnb ROI: 0.66% Traditional ROI: 4.95%
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: 0.21% Traditional cash on cash: 4.17% Airbnb Rental Income: $844 Traditional Rental Income: $1743 Airbnb ROI: 0.21% 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: 0.59% Traditional cash on cash: 11.37% Airbnb Rental Income: $768 Traditional Rental Income: $1697 Airbnb ROI: 0.59% 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 have...	2 beds \| 1 baths \| 1,056 sq.ft.	$289,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.1% Airbnb Rental Income: $768 Traditional Rental Income: $1624 Airbnb ROI: -1.21% Traditional ROI: 3.1%
530 Michelson Road Houghton Lake, MI This 3-bedroom, 1- bath ranch home offers solid bones and endless potential. Set on 13 acr...	3 beds \| 1 baths \| 1,450 sq.ft.	$189,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 8.2% Airbnb Rental Income: $1317 Traditional Rental Income: $1933 Airbnb ROI: 2.52% Traditional ROI: 8.2%
324 Powderhorn Houghton Lake, MI Brick Ranch Lakefront Home on a quiet cul-de-sac and nestled in a subdivision renowned for...	3 beds \| 2 baths \| 1,428 sq.ft.	$545,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.04% Airbnb Rental Income: $1317 Traditional Rental Income: $2487 Airbnb ROI: -0.06% Traditional ROI: 3.04%
324 Powderhorn Drive Houghton Lake, MI Brick Ranch Lakefront Home on a quiet cul-de-sac and nestled in a subdivision renowned for...	3 beds \| 2 baths \| 1,428 sq.ft.	$545,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.13% Airbnb Rental Income: $1317 Traditional Rental Income: $2534 Airbnb ROI: -0.06% Traditional ROI: 3.13%
108 Corral Street Houghton Lake, MI Nestled on a quiet dead-end street, offering a peaceful ''up north'' retreat. It's conveni...	3 beds \| 2 baths \| 2,200 sq.ft.	$289,900	Airbnb cash on cash: 1.41% Traditional cash on cash: 7.82% Airbnb Rental Income: $1317 Traditional Rental Income: $2659 Airbnb ROI: 1.41% Traditional ROI: 7.82%
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: -0.2% Traditional cash on cash: 6.64% Airbnb Rental Income: $844 Traditional Rental Income: $2003 Airbnb ROI: -0.2% Traditional ROI: 6.64%
4860 W Houghton Lk Houghton Lake, MI This beautiful 3 bedroom 2.5 bath home offers shared frontage on Houghton Lake, Michiganâ...	3 beds \| 3 baths \| 2,187 sq.ft.	$699,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 2.83% Airbnb Rental Income: $1317 Traditional Rental Income: $3495 Airbnb ROI: -1.13% Traditional ROI: 2.83%
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: 0.26% Traditional cash on cash: 8.68% Airbnb Rental Income: $768 Traditional Rental Income: $1652 Airbnb ROI: 0.26% Traditional ROI: 8.68%
100 Corral Street Houghton Lake, MI Updated in 2024, this beautifully kept home is surrounded by mature trees giving it a true...	3 beds \| 2 baths \| 2,025 sq.ft.	$239,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 9.77% Airbnb Rental Income: $1317 Traditional Rental Income: $2673 Airbnb ROI: 1.99% Traditional ROI: 9.77%
773 Long Point Drive Houghton Lake, MI Don't wait to see this charming 3-bedroom, 2-bath lakefront home on beautiful Houghton Lak...	3 beds \| 2 baths \| 1,056 sq.ft.	$429,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 2.66% Airbnb Rental Income: $1317 Traditional Rental Income: $2107 Airbnb ROI: -0.31% Traditional ROI: 2.66%

Your search for investment property begins and ends here

Single Family Homes 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%

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%

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%

Traditional ROI: 1.3%

5167 E Houghton Lake Drive

Houghton Lake, MI

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

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%