Real Estate Investment Properties for Sale in Lake City, MI

Looking for investment property in Lake City, MI with high ROI ?

Explore a variety of short-term homes & houses in Lake City, MI. Invest wisely with VRBO & Lake City, 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 Lake City, MI

Search for Single Family Residential for Sale in Lake City, 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 28 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1167 S TAXIWAY HOTEL Lake City, MI They say less is more, but sometimes more is good! If you're home shopping and looking for...	3 beds \| 2 baths \| 1,450 sq.ft.	$239,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 8.65% Airbnb Rental Income: $1198 Traditional Rental Income: $2314 Airbnb ROI: 2.02% Traditional ROI: 8.65%
1404 S TAXIWAY DELTA Lake City, MI Charming & Spacious 2 Bed / 2 Bath Home with Garage Well maintained and move-in ready, thi...	2 beds \| 2 baths \| 1,216 sq.ft.	$159,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 9.83% Airbnb Rental Income: $879 Traditional Rental Income: $1977 Airbnb ROI: 0.44% Traditional ROI: 9.83%
327 S Gladwin Street Lake City, MI Nestled in the heart of downtown Lake City, this 2-bedroom, 2-bath home offers comfort and...	2 beds \| 2 baths \| 1,250 sq.ft.	$169,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 7.96% Airbnb Rental Income: $879 Traditional Rental Income: $1914 Airbnb ROI: -0.5% Traditional ROI: 7.96%
5521 N Edwards Road Lake City, MI Looking for the perfect blend of country living and opportunity? This 3-bedroom, 2.5-bath ...	3 beds \| 3 baths \| 2,322 sq.ft.	$240,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 11.12% Airbnb Rental Income: $1198 Traditional Rental Income: $2974 Airbnb ROI: 1.57% Traditional ROI: 11.12%
222 N Canal Street Lake City, MI Charming 2-Bedroom Home in a Prime Location! Welcome to this cozy 2-bedroom, 1.5-bath hom...	2 beds \| 2 baths \| 1,046 sq.ft.	$165,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 8.55% Airbnb Rental Income: $879 Traditional Rental Income: $1764 Airbnb ROI: 0.8% Traditional ROI: 8.55%
9799 W Crooked Lake Park Road Lake City, MI Tucked on nearly an acre just down the road from Crooked Lake and the county park and camp...	3 beds \| 2 baths \| 1,344 sq.ft.	$230,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 7.1% Airbnb Rental Income: $1198 Traditional Rental Income: $2186 Airbnb ROI: 0.78% Traditional ROI: 7.1%
208 Russell Street Lake City, MI Welcome to this charming 3-bedroom, 1.5-bath home built in 2019, offering modern comfort a...	3 beds \| 2 baths \| 1,183 sq.ft.	$177,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 7.97% Airbnb Rental Income: $1198 Traditional Rental Income: $1871 Airbnb ROI: 1.67% Traditional ROI: 7.97%
10559 Rosted Road Lake City, MI Spacious Manufactured, 3 br 2 bath home. Master bedroom has walk in closet and private ba...	3 beds \| 2 baths \| 1,344 sq.ft.	$224,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 6.21% Airbnb Rental Income: $1198 Traditional Rental Income: $1911 Airbnb ROI: 1.04% Traditional ROI: 6.21%
1900 Pavilion Drive Lake City, MI This charming log cottage has a newly painted exterior and features 3 bedrooms, 1 bath, an...	3 beds \| 1 baths \| 1,004 sq.ft.	$199,900	Airbnb cash on cash: 1.86% Traditional cash on cash: 7.35% Airbnb Rental Income: $1198 Traditional Rental Income: $1852 Airbnb ROI: 1.86% Traditional ROI: 7.35%
719 S Lakeshore Drive Lake City, MI Just steps away from Lake Missaukee, this charming 3-bedroom, 1-bath home sits on a spacio...	3 beds \| 1 baths \| 1,825 sq.ft.	$209,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 7.08% Airbnb Rental Income: $1198 Traditional Rental Income: $1946 Airbnb ROI: 1.37% Traditional ROI: 7.08%
129 N Al Moses Road Lake City, MI Beautiful lake views without the high lakefront taxes awaits your family! This beautifully...	4 beds \| 3 baths \| 3,085 sq.ft.	$529,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $3611 Airbnb ROI: N/A Traditional ROI: 5.56%
1264 Birchaven Beach Lake City, MI Come see why life is better at the lake. Your waterfront dream awaits! Welcome Home to...	5 beds \| 2 baths \| 1,800 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.46% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 2.46%
8415 W Workman Road Lake City, MI Welcome to your serene escape overlooking the Clam River! Built in 2009, this beautifully ...	3 beds \| 4 baths \| 2,147 sq.ft.	$620,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.58% Airbnb Rental Income: $1198 Traditional Rental Income: $3364 Airbnb ROI: 0.16% Traditional ROI: 4.58%
2351 S McGee Road Lake City, MI Experience the best of country living and investment potential on this rare 19-acre proper...	3 beds \| 2 baths \| 1,056 sq.ft.	$300,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 5.2% Airbnb Rental Income: $1198 Traditional Rental Income: $2105 Airbnb ROI: 0.61% Traditional ROI: 5.2%
5640 W Houghton Lake Road Lake City, MI To no fault of the seller, this home is back on the market. Welcome to this 1960s quad-lev...	3 beds \| 2 baths \| 1,648 sq.ft.	$200,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 11.16% Airbnb Rental Income: $1198 Traditional Rental Income: $2448 Airbnb ROI: 2.53% Traditional ROI: 11.16%
180 E Sanborn Road Lake City, MI Completely renovated three-bedroom, three-bath home on nine acres just east of Lake City. ...	3 beds \| 3 baths \| 1,344 sq.ft.	$284,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 6.98% Airbnb Rental Income: $1198 Traditional Rental Income: $2331 Airbnb ROI: 1.31% Traditional ROI: 6.98%
4419 E Moorestown Road Lake City, MI 2 bedroom, 1 1/5 bath farmhouse with picturesque setting...10 acres, pond and abundant wil...	2 beds \| 3 baths \| 2,000 sq.ft.	$245,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 10.59% Airbnb Rental Income: $879 Traditional Rental Income: $2894 Airbnb ROI: 0.47% Traditional ROI: 10.59%
4774 S Lachance Road Lake City, MI Welcome to your perfect slice of Northern Michigan living! This charming 3-bedroom, 1-bath...	3 beds \| 1 baths \| 1,107 sq.ft.	$190,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 6.87% Airbnb Rental Income: $1198 Traditional Rental Income: $1745 Airbnb ROI: 1.69% Traditional ROI: 6.87%
5232 S North Country Drive Lake City, MI Charming 3 bed(4th non-conforming), 2 bath home on a spacious .41 acre lot located in the ...	3 beds \| 2 baths \| 1,944 sq.ft.	$349,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 5.71% Airbnb Rental Income: $1198 Traditional Rental Income: $2549 Airbnb ROI: 0.41% Traditional ROI: 5.71%
7039 W White Birch Avenue Lake City, MI Welcome to your dream retreat on the lake, where stunning water views can be enjoyed from ...	3 beds \| 3 baths \| 2,232 sq.ft.	$915,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 2.04% Airbnb Rental Income: $1198 Traditional Rental Income: $3145 Airbnb ROI: -0.7% Traditional ROI: 2.04%
548 W Houghton Lake Road Lake City, MI Welcome to 548 W Houghton Lake Rd! This charming 2-bedroom, 1-bath home sits on a spacious...	2 beds \| 1 baths \| 847 sq.ft.	$169,900	Airbnb cash on cash: 1.16% Traditional cash on cash: 7.05% Airbnb Rental Income: $879 Traditional Rental Income: $1498 Airbnb ROI: 1.16% Traditional ROI: 7.05%
1404 S TAXIWAY DELTA LOT 4-6 Lake City, MI Charming & Spacious 2 Bed / 2 Bath Home with Garage Well maintained and move-in ready, thi...	2 beds \| 2 baths \| 1,216 sq.ft.	$159,900	Airbnb cash on cash: 1.65% Traditional cash on cash: 11.04% Airbnb Rental Income: $879 Traditional Rental Income: $1977 Airbnb ROI: 1.65% Traditional ROI: 11.04%
2370 N Morey Road Lake City, MI Charming Farmhouse on Historic "Plank Hill" â 12.5 Acres with Huge Pole Barn Step back ...	1 beds \| 1 baths \| 720 sq.ft.	$229,900	Airbnb cash on cash: -1.61% Traditional cash on cash: 4.37% Airbnb Rental Income: $313 Traditional Rental Income: $1372 Airbnb ROI: -1.61% Traditional ROI: 4.37%
9771 N Wilson Road Lake City, MI Welcome to this 14 acre private oasis! The bonus is a lovely 3 bedroom/2 bath home AND a ...	3 beds \| 2 baths \| 1,662 sq.ft.	$325,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 6.33% Airbnb Rental Income: $1198 Traditional Rental Income: $2447 Airbnb ROI: 0.97% Traditional ROI: 6.33%
1667 E Walker Road Lake City, MI 40-Acre Turnkey Hunting Retreat â Lake City, MI Just 10 minutes outside of Lake City, tu...	4 beds \| 1 baths \| 1,708 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.01% Airbnb Rental Income: $null Traditional Rental Income: $2072 Airbnb ROI: N/A Traditional ROI: 7.01%
229 E Houghton Lake Road Lake City, MI Discover the charm of country living in this 3 bedroom, 2 bath farmhouse set on 5 acres al...	3 beds \| 2 baths \| 1,655 sq.ft.	$185,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 11.34% Airbnb Rental Income: $1198 Traditional Rental Income: $2429 Airbnb ROI: 2.14% Traditional ROI: 11.34%
241 N Decker Road Lake City, MI Welcome to your slice of Lake City paradise! Nestled on 1.77 acres just minutes from the h...	2 beds \| 1 baths \| 1,355 sq.ft.	$207,950	Airbnb cash on cash: 0.59% Traditional cash on cash: 7.11% Airbnb Rental Income: $879 Traditional Rental Income: $1830 Airbnb ROI: 0.59% Traditional ROI: 7.11%
6856 Lakeview Drive Lake City, MI Welcome to lake life at its finest! This stunning, custom-built home offers nearly 3,000 s...	3 beds \| 4 baths \| 2,705 sq.ft.	$824,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 3.21% Airbnb Rental Income: $1198 Traditional Rental Income: $3902 Airbnb ROI: -0.81% Traditional ROI: 3.21%

Your search for investment property begins and ends here

Single Family Homes for Sale in Lake City, MI

1167 S TAXIWAY HOTEL

Lake City, MI

3 beds | 2 baths | 1,450 sq.ft.

$239,900

Airbnb cash on cash: 2.02%

Traditional cash on cash: 8.65%

Airbnb Rental Income: $1198

Traditional Rental Income: $2314

Airbnb ROI: 2.02%

Traditional ROI: 8.65%

1404 S TAXIWAY DELTA

Lake City, MI

2 beds | 2 baths | 1,216 sq.ft.

$159,900

Airbnb cash on cash: 0.44%

Traditional cash on cash: 9.83%

Airbnb Rental Income: $879

Traditional Rental Income: $1977

Airbnb ROI: 0.44%

Traditional ROI: 9.83%

327 S Gladwin Street

Lake City, MI

2 beds | 2 baths | 1,250 sq.ft.

$169,900

Airbnb cash on cash: -0.5%

Traditional cash on cash: 7.96%

Airbnb Rental Income: $879

Traditional Rental Income: $1914

Airbnb ROI: -0.5%

Traditional ROI: 7.96%

5521 N Edwards Road

Lake City, MI

3 beds | 3 baths | 2,322 sq.ft.

$240,000

Airbnb cash on cash: 1.57%

Traditional cash on cash: 11.12%

Airbnb Rental Income: $1198

Traditional Rental Income: $2974

Airbnb ROI: 1.57%

Traditional ROI: 11.12%

222 N Canal Street

Lake City, MI

2 beds | 2 baths | 1,046 sq.ft.

$165,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 8.55%

Airbnb Rental Income: $879

Traditional Rental Income: $1764

Airbnb ROI: 0.8%

Traditional ROI: 8.55%

9799 W Crooked Lake Park Road

Lake City, MI

3 beds | 2 baths | 1,344 sq.ft.

$230,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 7.1%

Airbnb Rental Income: $1198

Traditional Rental Income: $2186

Airbnb ROI: 0.78%

Traditional ROI: 7.1%

208 Russell Street

Lake City, MI

3 beds | 2 baths | 1,183 sq.ft.

$177,000

Airbnb cash on cash: 1.67%

Traditional cash on cash: 7.97%

Airbnb Rental Income: $1198

Traditional Rental Income: $1871

Airbnb ROI: 1.67%

Traditional ROI: 7.97%

10559 Rosted Road

Lake City, MI

3 beds | 2 baths | 1,344 sq.ft.

$224,900

Airbnb cash on cash: 1.04%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $1198

Traditional Rental Income: $1911

Airbnb ROI: 1.04%