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 86 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
213 Barcome Ave Houghton Lake, MI Spacious 3 bedroom, 2 bath, 1456 sq ft home on a double lot that adjoins and backs up to w...	3 beds \| 2 baths \| 1,456 sq.ft.	$175,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 11.5% Airbnb Rental Income: $1572 Traditional Rental Income: $2335 Airbnb ROI: 4.22% Traditional ROI: 11.5%
127 Mallard Ave Houghton Lake, MI Charming 1-bedroom, 1-bath year-round cabin located within walking distance to the lake an...	1 beds \| 1 baths \| 448 sq.ft.	$89,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 8.84% Airbnb Rental Income: $737 Traditional Rental Income: $1141 Airbnb ROI: 0.61% Traditional ROI: 8.84%
147 Snowflake Way Houghton Lake, MI This beautifully updated 2-story chalet offers the perfect blend of privacy, comfort, and ...	3 beds \| 2 baths \| 1,380 sq.ft.	$285,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 6% Airbnb Rental Income: $1572 Traditional Rental Income: $2186 Airbnb ROI: 2.03% Traditional ROI: 6%
124 Winding Dr Houghton Lake, MI Open House July 25 1-3pm Beautiful chalet-style home in Houghton Lake Forest Estates, situ...	3 beds \| 2 baths \| 1,800 sq.ft.	$265,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 5.17% Airbnb Rental Income: $1572 Traditional Rental Income: $1875 Airbnb ROI: 2.31% Traditional ROI: 5.17%
12739 E Houghton Lake Dr 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.	$699,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.53% Airbnb Rental Income: $2939 Traditional Rental Income: $3257 Airbnb ROI: 2.01% Traditional ROI: 3.53%
10258 W Shore Drive Houghton Lake, MI Welcome to the peaceful waters of West Shore on Houghton Lake! This beautifully maintained...	3 beds \| 1 baths \| 1,196 sq.ft.	$570,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 1.6% Airbnb Rental Income: $1572 Traditional Rental Income: $1935 Airbnb ROI: 0.07% Traditional ROI: 1.6%
125 Whitebirch Dr 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.	$219,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 8.32% Airbnb Rental Income: $1572 Traditional Rental Income: $2458 Airbnb ROI: 2.17% Traditional ROI: 8.32%
108 Eastbrook Ave 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.	$449,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.33% Airbnb Rental Income: $1572 Traditional Rental Income: $2332 Airbnb ROI: 0.57% Traditional ROI: 3.33%
2385 W Houghton Lake Dr 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: 1.36% Traditional cash on cash: 4.15% Airbnb Rental Income: $1934 Traditional Rental Income: $2380 Airbnb ROI: 1.36% Traditional ROI: 4.15%
100 Redwine Dr Houghton Lake, MI Welcome home to this exceptionally well-maintained 3-bedroom, 1.5-bath residence in the he...	3 beds \| 1 baths \| 1,460 sq.ft.	$265,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 7.01% Airbnb Rental Income: $1572 Traditional Rental Income: $2266 Airbnb ROI: 2.5% Traditional ROI: 7.01%
302 Redwine Drive Houghton Lake, MI Welcome to this well maintained 3-bedroom, 2-bath home located in a desirable neighborhood...	3 beds \| 2 baths \| 1,560 sq.ft.	$199,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 9.74% Airbnb Rental Income: $1572 Traditional Rental Income: $2418 Airbnb ROI: 2.9% Traditional ROI: 9.74%
217 Weaver Dr Houghton Lake, MI Large Corner Lot, Large Rooms, Generous Galley Kitchen. Living, dining and kitchen open fl...	3 beds \| 2 baths \| 2,137 sq.ft.	$249,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 8.86% Airbnb Rental Income: $1572 Traditional Rental Income: $2657 Airbnb ROI: 2.35% Traditional ROI: 8.86%
9312 Elizabeth Rd Houghton Lake, MI Your Northern Michigan Retreat Awaits! Whether you're looking for a weekend getaway, hunti...	2 beds \| 1 baths \| 872 sq.ft.	$154,900	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.65% Airbnb Rental Income: $1169 Traditional Rental Income: $1153 Airbnb ROI: 2.16% Traditional ROI: 4.65%
133 Oak Marr Dr Houghton Lake, MI This luxurious home in Oak Marr is situated on a park-like setting just south of Houghton ...	3 beds \| 2 baths \| 4,286 sq.ft.	$525,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.12% Airbnb Rental Income: $1572 Traditional Rental Income: $2377 Airbnb ROI: 0.57% Traditional ROI: 3.12%
7365 W Nestel Rd Houghton Lake, MI This beautiful Chalet with open floor plan, sits perfectly on a wooded lot with parking fo...	2 beds \| 1 baths \| 960 sq.ft.	$239,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 3.88% Airbnb Rental Income: $1169 Traditional Rental Income: $1471 Airbnb ROI: 0.97% Traditional ROI: 3.88%
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.	$160,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 8.29% Airbnb Rental Income: $1572 Traditional Rental Income: $1625 Airbnb ROI: 4.99% Traditional ROI: 8.29%
11366 W Shore Dr 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.	$380,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 1.55% Airbnb Rental Income: $1572 Traditional Rental Income: $1151 Airbnb ROI: 1.47% Traditional ROI: 1.55%
5287 W Houghton Lake Dr Houghton Lake, MI Looking for space and flexibility near the lake? This 3 bedroom, 1.5 bath home sits on ove...	3 beds \| 1 baths \| 1,904 sq.ft.	$270,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 9.23% Airbnb Rental Income: $1572 Traditional Rental Income: $2886 Airbnb ROI: 2.3% Traditional ROI: 9.23%
213 Bayshore Dr Houghton Lake, MI Beautifully renovated and fully furnished Houghton Lakefront home offering a turnkey exper...	3 beds \| 2 baths \| 1,780 sq.ft.	$850,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.58% Airbnb Rental Income: $1572 Traditional Rental Income: $1835 Airbnb ROI: -0.28% Traditional ROI: 0.58%
5167 E Houghton Lake Dr Houghton Lake, MI Welcome to 5167 E. Houghton Lake Drive, Approx. 1930 Sq. Ft. Ranch style home. 3 Bedrooms ...	3 beds \| 2 baths \| 1,930 sq.ft.	$248,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 10.82% Airbnb Rental Income: $1572 Traditional Rental Income: $3211 Airbnb ROI: 1.89% Traditional ROI: 10.82%
6366 W Houghton Lake Dr #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: -1.07% Traditional cash on cash: 3.03% Airbnb Rental Income: $737 Traditional Rental Income: $1109 Airbnb ROI: -1.07% Traditional ROI: 3.03%
228 Mallard Ave Houghton Lake, MI Lake front living at your front door! This 2 bedroom 1 and 1/2 bath home is waiting for fi...	2 beds \| 1 baths \| 1,462 sq.ft.	$353,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.94% Airbnb Rental Income: $1169 Traditional Rental Income: $2194 Airbnb ROI: -0.23% Traditional ROI: 3.94%
1504 Houghton View Dr Houghton Lake, MI This comfortable LAKEFRONT Home/Cottage holds an updated bathroom, 2 large bedrooms and a ...	2 beds \| 1 baths \| 1,214 sq.ft.	$350,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.11% Airbnb Rental Income: $1169 Traditional Rental Income: $2074 Airbnb ROI: 0.19% Traditional ROI: 4.11%
7697 E Houghton Lake Dr 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.	$239,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 3.85% Airbnb Rental Income: $1572 Traditional Rental Income: $1447 Airbnb ROI: 2.47% Traditional ROI: 3.85%
206 Joliet Ave Houghton Lake, MI Welcome to this move-in-ready 3 bedroom, 2 full bath home offering 1,520 SQFT in Houghton ...	3 beds \| 2 baths \| 1,520 sq.ft.	$249,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 7.47% Airbnb Rental Income: $1572 Traditional Rental Income: $2572 Airbnb ROI: 1.32% Traditional ROI: 7.47%
410 Terrace Dr Houghton Lake, MI Home has been beautifully renovated with gorgeous granite counters, all new appliances in ...	3 beds \| 1 baths \| 1,670 sq.ft.	$259,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 6.76% Airbnb Rental Income: $1572 Traditional Rental Income: $2019 Airbnb ROI: 3.09% Traditional ROI: 6.76%
117 Vienna Ct Houghton Lake, MI Welcome home to this beautifully updated 3 bedroom, 2.5 bath property offering space, comf...	3 beds \| 2 baths \| 1,728 sq.ft.	$319,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 6.93% Airbnb Rental Income: $1572 Traditional Rental Income: $2601 Airbnb ROI: 2.01% Traditional ROI: 6.93%
4901 River Road Houghton Lake, MI Nestled close to beautiful Houghton Lake and the river, this charming 2 bedroom, 1 bath ho...	2 beds \| 1 baths \| 950 sq.ft.	$145,000	Airbnb cash on cash: 3.21% Traditional cash on cash: 8.34% Airbnb Rental Income: $1169 Traditional Rental Income: $1498 Airbnb ROI: 3.21% Traditional ROI: 8.34%
2980 E Houghton Lake Dr Houghton Lake, MI Motivated sellers This Charming 3-bedroom, 1-bath home comes fully furnished and is situat...	3 beds \| 1 baths \| 1,200 sq.ft.	$209,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 6% Airbnb Rental Income: $1572 Traditional Rental Income: $1828 Airbnb ROI: 2.53% Traditional ROI: 6%
9394 E Houghton Lake Dr 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.	$244,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 8.19% Airbnb Rental Income: $1934 Traditional Rental Income: $2513 Airbnb ROI: 3.56% Traditional ROI: 8.19%
123 Sandpiper Ave Houghton Lake, MI Charming Updated Home Near Houghton Lake. Welcome to this beautifully updated 2-bedroom, 1...	2 beds \| 2 baths \| 668 sq.ft.	$129,900	Airbnb cash on cash: 4.22% Traditional cash on cash: 11.23% Airbnb Rental Income: $1169 Traditional Rental Income: $1661 Airbnb ROI: 4.22% Traditional ROI: 11.23%
508 Shore View Dr Houghton Lake, MI Turnkey, completely remodeled home on a 0.25-acre corner lot in a desirable Houghton Lake ...	2 beds \| 1 baths \| 725 sq.ft.	$199,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 3.69% Airbnb Rental Income: $1169 Traditional Rental Income: $1194 Airbnb ROI: 1.68% Traditional ROI: 3.69%
3441 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 \| 1,611 sq.ft.	$299,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 7.65% Airbnb Rental Income: $1572 Traditional Rental Income: $2685 Airbnb ROI: 2.11% Traditional ROI: 7.65%
1155 Goldenrod Dr 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.	$185,000	Airbnb cash on cash: 9.49% Traditional cash on cash: 11.43% Airbnb Rental Income: $2939 Traditional Rental Income: $2638 Airbnb ROI: 9.49% Traditional ROI: 11.43%
5257/5259 W Houghton Lake Dr Houghton Lake, MI Rebuilt and beautifully renovated, this home offers stunning lake views of the South Shore...	3 beds \| 2 baths \| 2,680 sq.ft.	$549,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 2.06% Airbnb Rental Income: $2939 Traditional Rental Income: $2448 Airbnb ROI: 1.7% Traditional ROI: 2.06%
115 Miami Dr 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.	$519,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.84% Airbnb Rental Income: $1572 Traditional Rental Income: $2696 Airbnb ROI: -0.41% Traditional ROI: 2.84%
102 Dockside Dr 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.	$429,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.88% Airbnb Rental Income: $1572 Traditional Rental Income: $2371 Airbnb ROI: 0.84% Traditional ROI: 3.88%
5783 W Houghton Lake Dr 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.	$899,999	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.98% Airbnb Rental Income: $1572 Traditional Rental Income: $3872 Airbnb ROI: -1.3% Traditional ROI: 1.98%
13080 W Shore Dr #4B Houghton Lake, MI This motivated seller welcomes you to a perfect waterfront retreat on the highly sought-af...	2 beds \| 2 baths \| 1,386 sq.ft.	$310,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.02% Airbnb Rental Income: $1169 Traditional Rental Income: $2308 Airbnb ROI: -0.2% Traditional ROI: 5.02%
8900 Old Mead Rd Houghton Lake, MI OPEN HOUSE SATURDAY, JUNE 13TH FROM 11:00-1:00!!! This inviting 3-bedroom, 2-bath home put...	3 beds \| 2 baths \| 1,824 sq.ft.	$229,900	Airbnb cash on cash: 3.27% Traditional cash on cash: 9.57% Airbnb Rental Income: $1572 Traditional Rental Income: $2492 Airbnb ROI: 3.27% Traditional ROI: 9.57%

Your search for investment property begins and ends here

Single Family Homes for Sale in Houghton Lake, MI

213 Barcome Ave

Houghton Lake, MI

3 beds | 2 baths | 1,456 sq.ft.

$175,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 11.5%

Airbnb Rental Income: $1572

Traditional Rental Income: $2335

Airbnb ROI: 4.22%

Traditional ROI: 11.5%

127 Mallard Ave

Houghton Lake, MI

1 beds | 1 baths | 448 sq.ft.

$89,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 8.84%

Airbnb Rental Income: $737

Traditional Rental Income: $1141

Airbnb ROI: 0.61%

Traditional ROI: 8.84%

147 Snowflake Way

Houghton Lake, MI

3 beds | 2 baths | 1,380 sq.ft.

$285,000

Airbnb cash on cash: 2.03%

Traditional cash on cash: 6%

Airbnb Rental Income: $1572

Traditional Rental Income: $2186

Airbnb ROI: 2.03%

Traditional ROI: 6%

124 Winding Dr

Houghton Lake, MI

3 beds | 2 baths | 1,800 sq.ft.

$265,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1572

Traditional Rental Income: $1875

Airbnb ROI: 2.31%

Traditional ROI: 5.17%

12739 E Houghton Lake Dr

Houghton Lake, MI

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

$699,000

Airbnb cash on cash: 2.01%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $2939

Traditional Rental Income: $3257

Airbnb ROI: 2.01%

Traditional ROI: 3.53%

10258 W Shore Drive

Houghton Lake, MI

3 beds | 1 baths | 1,196 sq.ft.

$570,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 1.6%

Airbnb Rental Income: $1572

Traditional Rental Income: $1935

Airbnb ROI: 0.07%

Traditional ROI: 1.6%

125 Whitebirch Dr

Houghton Lake, MI

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

$219,000

Airbnb cash on cash: 2.17%

Traditional cash on cash: 8.32%

Airbnb Rental Income: $1572

Traditional Rental Income: $2458

Airbnb ROI: 2.17%

Traditional ROI: 8.32%

108 Eastbrook Ave

Houghton Lake, MI

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

$449,000

Airbnb cash on cash: 0.57%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $1572

Traditional Rental Income: $2332

Airbnb ROI: 0.57%