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
895 Smeaton Road Houghton Lake, MI Enjoy being right in Houghton Lake with the luxury of acreage and seclusion. This beautifu...	3 beds \| 3 baths \| 1,800 sq.ft.	$419,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 4.11% Airbnb Rental Income: $1623 Traditional Rental Income: $2704 Airbnb ROI: 0.2% Traditional ROI: 4.11%
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: 2.3% Traditional cash on cash: 8.13% Airbnb Rental Income: $1623 Traditional Rental Income: $2458 Airbnb ROI: 2.3% Traditional ROI: 8.13%
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.	$489,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.15% Airbnb Rental Income: $1623 Traditional Rental Income: $2332 Airbnb ROI: 0.6% Traditional ROI: 3.15%
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: 1.36% Traditional cash on cash: 4.15% Airbnb Rental Income: $1934 Traditional Rental Income: $2380 Airbnb ROI: 1.36% Traditional ROI: 4.15%
217 Weaver Drive 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.	$269,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 8.14% Airbnb Rental Income: $1623 Traditional Rental Income: $2657 Airbnb ROI: 2.28% Traditional ROI: 8.14%
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.	$394,900	Airbnb cash on cash: 1.59% Traditional cash on cash: 1.55% Airbnb Rental Income: $1623 Traditional Rental Income: $1151 Airbnb ROI: 1.59% Traditional ROI: 1.55%
5287 W Houghton Lake Drive Houghton Lake, MI Looking for space and flexibility near the lake? This 3 bedroom, 1.5 bath home sits on ove...	3 beds \| 2 baths \| 1,904 sq.ft.	$270,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 9.23% Airbnb Rental Income: $1623 Traditional Rental Income: $2886 Airbnb ROI: 2.47% Traditional ROI: 9.23%
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: 2.08% Traditional cash on cash: 10.82% Airbnb Rental Income: $1623 Traditional Rental Income: $3211 Airbnb ROI: 2.08% Traditional ROI: 10.82%
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: -1.07% Traditional cash on cash: 3.03% Airbnb Rental Income: $737 Traditional Rental Income: $1109 Airbnb ROI: -1.07% Traditional ROI: 3.03%
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: 2.65% Traditional cash on cash: 3.85% Airbnb Rental Income: $1623 Traditional Rental Income: $1447 Airbnb ROI: 2.65% Traditional ROI: 3.85%
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%
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.	$349,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.03% Airbnb Rental Income: $1169 Traditional Rental Income: $1586 Airbnb ROI: -0.41% Traditional ROI: 2.03%
3441 Townline Road N 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.	$330,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 6.73% Airbnb Rental Income: $1623 Traditional Rental Income: $2639 Airbnb ROI: 1.97% Traditional ROI: 6.73%
123 Sandpiper Avenue 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 Drive 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.	$224,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 3.49% Airbnb Rental Income: $1169 Traditional Rental Income: $1194 Airbnb ROI: 1.57% Traditional ROI: 3.49%
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.	$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%
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: 3.36% Traditional cash on cash: 10.97% Airbnb Rental Income: $1169 Traditional Rental Income: $1736 Airbnb ROI: 3.36% Traditional ROI: 10.97%
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.	$439,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.88% Airbnb Rental Income: $1623 Traditional Rental Income: $2371 Airbnb ROI: 0.95% Traditional ROI: 3.88%
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.	$274,900	Airbnb cash on cash: 2.57% Traditional cash on cash: 5.15% Airbnb Rental Income: $1623 Traditional Rental Income: $1832 Airbnb ROI: 2.57% Traditional ROI: 5.15%
8848 State Avenue Houghton Lake, MI The iconic Navajo Trading Post in Houghton Lake -- One of the area's only dedicated gift s...	1 beds \| 1 baths \| 2,880 sq.ft.	$425,000	Airbnb cash on cash: -1.69% Traditional cash on cash: 1.25% Airbnb Rental Income: $737 Traditional Rental Income: $1594 Airbnb ROI: -1.69% Traditional ROI: 1.25%
115 Logan Avenue Houghton Lake, MI Welcome to lake living at its finest! This beautifully updated 4-bedroom, 2 1/2 baths home...	4 beds \| 2 baths \| 1,396 sq.ft.	$369,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 4.58% Airbnb Rental Income: $1934 Traditional Rental Income: $2558 Airbnb ROI: 1.31% Traditional ROI: 4.58%
306 Silverhill Drive Houghton Lake, MI Beautiful stick built home in a wonderful neighborhood on a beautiful lot! The almost 1300...	3 beds \| 2 baths \| 1,370 sq.ft.	$200,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 9.88% Airbnb Rental Income: $1623 Traditional Rental Income: $2267 Airbnb ROI: 4.06% Traditional ROI: 9.88%
6434 W Houghton Lake Drive Houghton Lake, MI HOUGHTON LAKE. PRIDE OF OWNERSHIP IS WHAT THIS LAKEFRONT HOME-COTTAGE IS ALL ABOUT. 2-BEDR...	2 beds \| 1 baths \| 640 sq.ft.	$249,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.44% Airbnb Rental Income: $1169 Traditional Rental Income: $1584 Airbnb ROI: 1.05% Traditional ROI: 4.44%
2168 Tower Hill Road Houghton Lake, MI Bring your vision and creativity to this exciting renovation project! This home has been l...	3 beds \| 1 baths \| 975 sq.ft.	$129,900	Airbnb cash on cash: 7.02% Traditional cash on cash: 11.11% Airbnb Rental Income: $1623 Traditional Rental Income: $1674 Airbnb ROI: 7.02% Traditional ROI: 11.11%
2287 S Tower Hill Road Houghton Lake, MI Enjoy great views of Houghton Lake, the state's largest inland lake, from this hillside ho...	4 beds \| 1 baths \| 2,352 sq.ft.	$200,000	Airbnb cash on cash: 5.42% Traditional cash on cash: 10.01% Airbnb Rental Income: $1934 Traditional Rental Income: $2294 Airbnb ROI: 5.42% Traditional ROI: 10.01%
103 Marigold Lane Houghton Lake, MI Charming 3-bedroom, 1-bath home just minutes from beautiful Houghton Lake! Featuring an op...	3 beds \| 1 baths \| 1,250 sq.ft.	$180,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 9.03% Airbnb Rental Income: $1623 Traditional Rental Income: $1944 Airbnb ROI: 4.48% Traditional ROI: 9.03%
113 Mckee Street Houghton Lake, MI Be the first to own this beautiful new construction home! Built in 2026 by a trusted local...	3 beds \| 2 baths \| 1,456 sq.ft.	$329,900	Airbnb cash on cash: 2.3% Traditional cash on cash: 5.92% Airbnb Rental Income: $1623 Traditional Rental Income: $2284 Airbnb ROI: 2.3% Traditional ROI: 5.92%
11271 E Houghton Lake Drive Houghton Lake, MI Your waterfront escape on beautiful Houghton Lake! Offering 60 feet of private lake fronta...	2 beds \| 1 baths \| 960 sq.ft.	$349,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.48% Airbnb Rental Income: $1169 Traditional Rental Income: $1638 Airbnb ROI: -0.12% Traditional ROI: 2.48%
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: 2.43% Traditional cash on cash: 7.47% Airbnb Rental Income: $1623 Traditional Rental Income: $2393 Airbnb ROI: 2.43% Traditional ROI: 7.47%
5431 W Houghton Lake Drive Houghton Lake, MI Looking for the perfect Up North getaway? Look no further! This charming retreat across th...	2 beds \| 1 baths \| 572 sq.ft.	$120,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 10.69% Airbnb Rental Income: $1169 Traditional Rental Income: $1539 Airbnb ROI: 4.18% Traditional ROI: 10.69%
2077 Long Point Drive Houghton Lake, MI ACCEPTING BACKUP OFFERS Experience effortless Lakefront living in this immaculate, truly...	2 beds \| 1 baths \| 1,656 sq.ft.	$499,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.44% Airbnb Rental Income: $1169 Traditional Rental Income: $1947 Airbnb ROI: -1.05% Traditional ROI: 1.44%
119 Flora Avenue Houghton Lake, MI Accepting Back-up Offers: DEDICATED DOCKING: Tucked away in the desirable Houghton Lake He...	2 beds \| 1 baths \| 936 sq.ft.	$175,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 7.78% Airbnb Rental Income: $1169 Traditional Rental Income: $1700 Airbnb ROI: 2.29% Traditional ROI: 7.78%
115 Church Street Houghton Lake, MI Best of both worlds !! 2 lots on the canal but 4 lots from the lake with lake views!! Tie ...	2 beds \| 1 baths \| 900 sq.ft.	$299,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.87% Airbnb Rental Income: $1169 Traditional Rental Income: $1610 Airbnb ROI: 0.95% Traditional ROI: 3.87%
408 Beech Street Houghton Lake, MI Welcome to your perfect Up North retreat! This beautifully updated 2-bedroom, 1-bath home ...	2 beds \| 1 baths \| N/A	$229,990	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.93% Airbnb Rental Income: $1169 Traditional Rental Income: $1534 Airbnb ROI: 1.49% Traditional ROI: 4.93%

Your search for investment property begins and ends here

Single Family Homes for Sale in Houghton Lake, MI

895 Smeaton Road

Houghton Lake, MI

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

$419,900

Airbnb cash on cash: 0.2%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $1623

Traditional Rental Income: $2704

Airbnb ROI: 0.2%

Traditional ROI: 4.11%

125 Whitebirch Drive

Houghton Lake, MI

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

$234,900

Airbnb cash on cash: 2.3%

Traditional cash on cash: 8.13%

Airbnb Rental Income: $1623

Traditional Rental Income: $2458

Airbnb ROI: 2.3%

Traditional ROI: 8.13%

108 Eastbrook Avenue

Houghton Lake, MI

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

$489,900

Airbnb cash on cash: 0.6%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $1623

Traditional Rental Income: $2332

Airbnb ROI: 0.6%

Traditional ROI: 3.15%

2385 W Houghton Lake Drive

Houghton Lake, MI

4 beds | 3 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%

217 Weaver Drive

Houghton Lake, MI

3 beds | 2 baths | 2,137 sq.ft.

$269,900

Airbnb cash on cash: 2.28%

Traditional cash on cash: 8.14%

Airbnb Rental Income: $1623

Traditional Rental Income: $2657

Airbnb ROI: 2.28%

Traditional ROI: 8.14%

11366 W Shore Drive

Houghton Lake, MI

3 beds | 2 baths | 960 sq.ft.

$394,900

Airbnb cash on cash: 1.59%

Traditional cash on cash: 1.55%

Airbnb Rental Income: $1623

Traditional Rental Income: $1151

Airbnb ROI: 1.59%

Traditional ROI: 1.55%

5287 W Houghton Lake Drive

Houghton Lake, MI

3 beds | 2 baths | 1,904 sq.ft.

$270,000

Airbnb cash on cash: 2.47%

Traditional cash on cash: 9.23%

Airbnb Rental Income: $1623

Traditional Rental Income: $2886

Airbnb ROI: 2.47%

Traditional ROI: 9.23%

5167 E Houghton Lake Drive

Houghton Lake, MI

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

$248,000

Airbnb cash on cash: 2.08%

Traditional cash on cash: 10.82%

Airbnb Rental Income: $1623

Traditional Rental Income: $3211

Airbnb ROI: 2.08%