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 47 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
638 Old Trail Drive Houghton Lake, MI Charming 3-bedroom, 2.5 att garage - 2 full baths (1 has a shower) cottage/home located on...	3 beds \| 2 baths \| 1,008 sq.ft.	$194,900	Airbnb cash on cash: 2.1% Traditional cash on cash: 7.67% Airbnb Rental Income: $1364 Traditional Rental Income: $1979 Airbnb ROI: 2.1% Traditional ROI: 7.67%
365 Long Point Houghton Lake, MI Discover a family retreat where tranquility and comfort harmoniously blend. This charming ...	3 beds \| 2 baths \| 1,280 sq.ft.	$398,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.44% Airbnb Rental Income: $1364 Traditional Rental Income: $2434 Airbnb ROI: 0.46% Traditional ROI: 4.44%
6390 West Houghton Lake Drive Houghton Lake, MI Super Cool & cute duplex cottage w/BOAT Dockage & 150 of private shared lake frontage with...	2 beds \| 2 baths \| N/A	$225,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 3.62% Airbnb Rental Income: $967 Traditional Rental Income: $1412 Airbnb ROI: -0.11% Traditional ROI: 3.62%
108 Eastbrook Avenue Houghton Lake, MI Lakefront Home for Sale on Houghton Lake - Private Dock on the Deeper Side of the Lake. ...	3 beds \| 2 baths \| 1,233 sq.ft.	$529,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.84% Airbnb Rental Income: $1364 Traditional Rental Income: $2332 Airbnb ROI: 0.04% Traditional ROI: 2.84%
108 Willow Street Houghton Lake, MI Charming ranch with 2 bedrooms, 2 full baths, plus a half bath in the garage. Situated acr...	2 beds \| 2 baths \| N/A	$224,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 9.94% Airbnb Rental Income: $967 Traditional Rental Income: $2518 Airbnb ROI: 1.01% Traditional ROI: 9.94%
119 Desoto Avenue Houghton Lake, MI This newly remodeled 3 bedroom, 2 bath home has some great amenities. It has been professi...	3 beds \| 2 baths \| 1,347 sq.ft.	$199,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 10.99% Airbnb Rental Income: $1364 Traditional Rental Income: $2656 Airbnb ROI: 1.99% Traditional ROI: 10.99%
605 Cedar Avenue Houghton Lake, MI Discover charm and potential in this inviting 2-bedroom, 1-bath home featuring timeless or...	2 beds \| 1 baths \| 696 sq.ft.	$109,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 7.1% Airbnb Rental Income: $967 Traditional Rental Income: $1124 Airbnb ROI: 2.33% Traditional ROI: 7.1%
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: 1.23% Traditional cash on cash: 10.82% Airbnb Rental Income: $1364 Traditional Rental Income: $3211 Airbnb ROI: 1.23% Traditional ROI: 10.82%
105 Mallard Avenue Houghton Lake, MI Beautifully maintained full-time residence or weekend cottage with road-end lake access to...	3 beds \| 1 baths \| 1,100 sq.ft.	$189,900	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.62% Airbnb Rental Income: $1364 Traditional Rental Income: $1201 Airbnb ROI: 2.22% Traditional ROI: 3.62%
207 BUTTERFIELD Lane Houghton Lake, MI Charming ranch home in a quiet subdivision just a mile and half from Michigan's playground...	3 beds \| 1 baths \| 1,100 sq.ft.	$169,900	Airbnb cash on cash: 3.27% Traditional cash on cash: 8.76% Airbnb Rental Income: $1364 Traditional Rental Income: $1838 Airbnb ROI: 3.27% Traditional ROI: 8.76%
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: -2.16% Traditional cash on cash: -0.32% Airbnb Rental Income: $967 Traditional Rental Income: $3172 Airbnb ROI: -2.16% 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 \| 2 baths \| 1,189 sq.ft.	$479,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 1.58% Airbnb Rental Income: $1364 Traditional Rental Income: $1936 Airbnb ROI: -0.62% Traditional ROI: 1.58%
111 Nighthawk Drive Houghton Lake, MI Step into comfort w/this fully upgraded 3-bed 1-bath home nestled on a paved corner lot. F...	3 beds \| 1 baths \| 864 sq.ft.	$174,900	Airbnb cash on cash: 3.48% Traditional cash on cash: 6.63% Airbnb Rental Income: $1364 Traditional Rental Income: $1473 Airbnb ROI: 3.48% Traditional ROI: 6.63%
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 \| 2 baths \| 1,464 sq.ft.	$599,999	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.07% Airbnb Rental Income: $1364 Traditional Rental Income: $2548 Airbnb ROI: -0.79% 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: 1.93% Traditional cash on cash: 8.96% Airbnb Rental Income: $967 Traditional Rental Income: $1489 Airbnb ROI: 1.93% Traditional ROI: 8.96%
2740 S. Loxley Road Houghton Lake, MI One of a kind! In over a decade of being a land specialist for Whitetail Properties, I hav...	3 beds \| 5 baths \| 2,200 sq.ft.	$1,150,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 1.92% Airbnb Rental Income: $1364 Traditional Rental Income: $3772 Airbnb ROI: -0.72% Traditional ROI: 1.92%
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.	$183,900	Airbnb cash on cash: 3.19% Traditional cash on cash: 9.12% Airbnb Rental Income: $1364 Traditional Rental Income: $1985 Airbnb ROI: 3.19% Traditional ROI: 9.12%
119 Desoto Ave AND 206 Joliet Ave Houghton Lake, MI Must see to believe! This unique multi-family property has been completely renovated and p...	3 beds \| 2 baths \| 1,347 sq.ft.	$449,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.19% Airbnb Rental Income: $1364 Traditional Rental Income: $2499 Airbnb ROI: -0.5% Traditional ROI: 3.19%
202 Forestville Road Houghton Lake, MI Welcome to A Peaceful Houghton Lake Retreat! Set on two beautifully wooded lots in the de...	3 beds \| 2 baths \| 1,600 sq.ft.	$260,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 7.48% Airbnb Rental Income: $1364 Traditional Rental Income: $2393 Airbnb ROI: 1.59% Traditional ROI: 7.48%
127 Sandpiper Avenue Houghton Lake, MI Discover this cozy 2-bedroom, 1-bath home just steps from Michigan's largest inland lake! ...	2 beds \| 1 baths \| 744 sq.ft.	$159,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 7.6% Airbnb Rental Income: $967 Traditional Rental Income: $1576 Airbnb ROI: 1.32% Traditional ROI: 7.6%
125 Wickham Avenue Houghton Lake, MI Welcome to your beautiful up-north retreat! This sweet home has everything you need for a ...	2 beds \| 1 baths \| 800 sq.ft.	$135,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 8.48% Airbnb Rental Income: $967 Traditional Rental Income: $1392 Airbnb ROI: 2.51% Traditional ROI: 8.48%
206 Harvey Avenue Houghton Lake, MI Amazing remodel just completed on this 4 bed 2 bath home. 2 car attached garage located ju...	4 beds \| 2 baths \| 1,744 sq.ft.	$195,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 11.65% Airbnb Rental Income: $1899 Traditional Rental Income: $2662 Airbnb ROI: 4.8% Traditional ROI: 11.65%
6132 W Houghton Lake Drive Houghton Lake, MI Perfect 3 total bed, 2 total bath waterfront property for a family getaway or a smart addi...	3 beds \| 2 baths \| 864 sq.ft.	$410,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.02% Airbnb Rental Income: $1364 Traditional Rental Income: $1995 Airbnb ROI: 0.3% Traditional ROI: 3.02%
6709 C E Houghton Lake Drive Houghton Lake, MI Located just 300+/- ft from the northeasterly shoreline of Houghton Lake with road end acc...	3 beds \| 2 baths \| 1,456 sq.ft.	$189,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 11.77% Airbnb Rental Income: $1364 Traditional Rental Income: $2503 Airbnb ROI: 3.15% Traditional ROI: 11.77%
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: 3.58% Traditional cash on cash: 8.74% Airbnb Rental Income: $1364 Traditional Rental Income: $1732 Airbnb ROI: 3.58% 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: 2.91% Traditional cash on cash: 11.4% Airbnb Rental Income: $967 Traditional Rental Income: $1599 Airbnb ROI: 2.91% Traditional ROI: 11.4%
3706 Country Court Houghton Lake, MI BUILD TO SUIT OPPORTUNITY! Foundation is already pouredâjust bring your vision! Customiz...	3 beds \| 2 baths \| 1,255 sq.ft.	$389,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.54% Airbnb Rental Income: $1364 Traditional Rental Income: $2320 Airbnb ROI: -0.23% Traditional ROI: 3.54%
219 Russell Avenue Houghton Lake, MI Situated on multiple lots in a desirable subdivision just minutes from town, this property...	2 beds \| 1 baths \| 960 sq.ft.	$174,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.76% Airbnb Rental Income: $967 Traditional Rental Income: $1503 Airbnb ROI: 1.44% Traditional ROI: 6.76%
3786 W Houghton Lake Drive #12 & 13 Houghton Lake, MI Enjoy 150' of shared sandy lakefront on beautiful Houghton LakeâMichiganâs largest inl...	2 beds \| 2 baths \| 1,020 sq.ft.	$149,999	Airbnb cash on cash: 0.63% Traditional cash on cash: 8.79% Airbnb Rental Income: $967 Traditional Rental Income: $1787 Airbnb ROI: 0.63% Traditional ROI: 8.79%
3974#7 W HOUGHTON LAKE Drive Houghton Lake, MI NEW PRICE! Enjoy peaceful private resort setting. It doesn't get any better than this. W...	2 beds \| 1 baths \| 480 sq.ft.	$145,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 7.4% Airbnb Rental Income: $967 Traditional Rental Income: $1459 Airbnb ROI: 1.34% Traditional ROI: 7.4%
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.	$149,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 8.1% Airbnb Rental Income: $967 Traditional Rental Income: $1498 Airbnb ROI: 1.92% Traditional ROI: 8.1%
150 Cloverleaf Lane Houghton Lake, MI Move right into this spotless 2-bedroom, 2 full bath home, perfectly situated on a generou...	2 beds \| 2 baths \| 1,152 sq.ft.	$136,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 11.69% Airbnb Rental Income: $967 Traditional Rental Income: $1848 Airbnb ROI: 2.26% Traditional ROI: 11.69%
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.	$329,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 3.93% Airbnb Rental Income: $967 Traditional Rental Income: $1758 Airbnb ROI: 0.24% Traditional ROI: 3.93%
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: -1.09% Traditional cash on cash: 1.57% Airbnb Rental Income: $967 Traditional Rental Income: $1586 Airbnb ROI: -1.09% Traditional ROI: 1.57%
1673 Goldenrod Drive Houghton Lake, MI Welcome to your new 3-bedroom, 1.5-bath home, nestled on a generous corner lot-nearly 1/4 ...	3 beds \| 2 baths \| 1,250 sq.ft.	$214,900	Airbnb cash on cash: 2.77% Traditional cash on cash: 8.79% Airbnb Rental Income: $1364 Traditional Rental Income: $2175 Airbnb ROI: 2.77% Traditional ROI: 8.79%

Your search for investment property begins and ends here

Single Family Homes for Sale in Houghton Lake, MI

638 Old Trail Drive

Houghton Lake, MI

3 beds | 2 baths | 1,008 sq.ft.

$194,900

Airbnb cash on cash: 2.1%

Traditional cash on cash: 7.67%

Airbnb Rental Income: $1364

Traditional Rental Income: $1979

Airbnb ROI: 2.1%

Traditional ROI: 7.67%

365 Long Point

Houghton Lake, MI

3 beds | 2 baths | 1,280 sq.ft.

$398,000

Airbnb cash on cash: 0.46%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $1364

Traditional Rental Income: $2434

Airbnb ROI: 0.46%

Traditional ROI: 4.44%

6390 West Houghton Lake Drive

Houghton Lake, MI

2 beds | 2 baths | N/A

$225,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $967

Traditional Rental Income: $1412

Airbnb ROI: -0.11%

Traditional ROI: 3.62%

108 Eastbrook Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,233 sq.ft.

$529,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 2.84%

Airbnb Rental Income: $1364

Traditional Rental Income: $2332

Airbnb ROI: 0.04%

Traditional ROI: 2.84%

108 Willow Street

Houghton Lake, MI

2 beds | 2 baths | N/A

$224,900

Airbnb cash on cash: 1.01%

Traditional cash on cash: 9.94%

Airbnb Rental Income: $967

Traditional Rental Income: $2518

Airbnb ROI: 1.01%

Traditional ROI: 9.94%

119 Desoto Avenue

Houghton Lake, MI

3 beds | 2 baths | 1,347 sq.ft.

$199,900

Airbnb cash on cash: 1.99%

Traditional cash on cash: 10.99%

Airbnb Rental Income: $1364

Traditional Rental Income: $2656

Airbnb ROI: 1.99%

Traditional ROI: 10.99%

605 Cedar Avenue

Houghton Lake, MI

2 beds | 1 baths | 696 sq.ft.

$109,900

Airbnb cash on cash: 2.33%

Traditional cash on cash: 7.1%

Airbnb Rental Income: $967

Traditional Rental Income: $1124

Airbnb ROI: 2.33%

Traditional ROI: 7.1%

5167 E Houghton Lake Drive

Houghton Lake, MI

3 beds | 3 baths | 1,930 sq.ft.

$249,900

Airbnb cash on cash: 1.23%

Traditional cash on cash: 10.82%

Airbnb Rental Income: $1364

Traditional Rental Income: $3211

Airbnb ROI: 1.23%