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 30 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
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: -0.25% Traditional cash on cash: 9.83% Airbnb Rental Income: $753 Traditional Rental Income: $1977 Airbnb ROI: -0.25% Traditional ROI: 9.83%
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: 0.93% Traditional cash on cash: 11.12% Airbnb Rental Income: $1023 Traditional Rental Income: $2974 Airbnb ROI: 0.93% 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: 0.13% Traditional cash on cash: 8.55% Airbnb Rental Income: $753 Traditional Rental Income: $1764 Airbnb ROI: 0.13% Traditional ROI: 8.55%
6789 W Redman Drive Lake City, MI Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, 2.5-bath storybook co...	4 beds \| 3 baths \| 1,728 sq.ft.	$664,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 0.65% Airbnb Rental Income: $2294 Traditional Rental Income: $2003 Airbnb ROI: 0.2% Traditional ROI: 0.65%
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.	$180,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 7.83% Airbnb Rental Income: $1023 Traditional Rental Income: $1871 Airbnb ROI: 0.78% Traditional ROI: 7.83%
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: 1.09% Traditional cash on cash: 7.35% Airbnb Rental Income: $1023 Traditional Rental Income: $1852 Airbnb ROI: 1.09% Traditional ROI: 7.35%
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%
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: 0.1% Traditional cash on cash: 5.2% Airbnb Rental Income: $1023 Traditional Rental Income: $2105 Airbnb ROI: 0.1% 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: 1.76% Traditional cash on cash: 11.16% Airbnb Rental Income: $1023 Traditional Rental Income: $2448 Airbnb ROI: 1.76% 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.	$279,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 7.12% Airbnb Rental Income: $1023 Traditional Rental Income: $2331 Airbnb ROI: 0.8% Traditional ROI: 7.12%
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: 0.88% Traditional cash on cash: 6.87% Airbnb Rental Income: $1023 Traditional Rental Income: $1745 Airbnb ROI: 0.88% 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: -0.03% Traditional cash on cash: 5.71% Airbnb Rental Income: $1023 Traditional Rental Income: $2549 Airbnb ROI: -0.03% 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.	$899,900	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.09% Airbnb Rental Income: $1023 Traditional Rental Income: $3145 Airbnb ROI: -0.87% Traditional ROI: 2.09%
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: 0.96% Traditional cash on cash: 11.04% Airbnb Rental Income: $753 Traditional Rental Income: $1977 Airbnb ROI: 0.96% 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: -1.74% Traditional cash on cash: 4.37% Airbnb Rental Income: $278 Traditional Rental Income: $1372 Airbnb ROI: -1.74% Traditional ROI: 4.37%
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: 5.47% Traditional cash on cash: 7.01% Airbnb Rental Income: $2294 Traditional Rental Income: $2072 Airbnb ROI: 5.47% 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: 1.31% Traditional cash on cash: 11.34% Airbnb Rental Income: $1023 Traditional Rental Income: $2429 Airbnb ROI: 1.31% 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.	$199,500	Airbnb cash on cash: 0.1% Traditional cash on cash: 7.45% Airbnb Rental Income: $753 Traditional Rental Income: $1830 Airbnb ROI: 0.1% Traditional ROI: 7.45%
8398 W Whispering Pines Lake City, MI Welcome home to this inviting bi-level located in a quiet, well-kept subdivision just 10 m...	3 beds \| 2 baths \| 1,464 sq.ft.	$242,995	Airbnb cash on cash: 0.77% Traditional cash on cash: 7.82% Airbnb Rental Income: $1023 Traditional Rental Income: $2281 Airbnb ROI: 0.77% Traditional ROI: 7.82%
5800 W Moorestown Road Lake City, MI This stunning 4-bedroom, 2-bath custom-built home sits on 10 acres of peaceful northern Mi...	4 beds \| 2 baths \| 1,300 sq.ft.	$469,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 2.83% Airbnb Rental Income: $2294 Traditional Rental Income: $2332 Airbnb ROI: 1.45% Traditional ROI: 2.83%
2703 E Moorestown Road Lake City, MI Updated Up North Getaway or Full-Time Home! Perfectly located near ORV/snowmobile trails a...	3 beds \| 1 baths \| 1,200 sq.ft.	$199,900	Airbnb cash on cash: 1.34% Traditional cash on cash: 7.53% Airbnb Rental Income: $1023 Traditional Rental Income: $1837 Airbnb ROI: 1.34% Traditional ROI: 7.53%
181 N Park Street Lake City, MI Charming 3 Bedroom Home on a Private Wooded Lot in Lake City. This 3 bedroom, 1 bath home ...	3 beds \| 1 baths \| 1,046 sq.ft.	$239,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 6.24% Airbnb Rental Income: $1023 Traditional Rental Income: $1754 Airbnb ROI: 1.43% Traditional ROI: 6.24%
8230 W Lotan Road Lake City, MI Completely renovated from top to bottom, this 3-bedroom, 2-bath home sits on a spacious 0....	3 beds \| 2 baths \| 1,133 sq.ft.	$259,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 6.28% Airbnb Rental Income: $1023 Traditional Rental Income: $1999 Airbnb ROI: 0.84% Traditional ROI: 6.28%
7119 W White Birch Avenue Lake City, MI Tucked into the serene embrace of Tomâs Bay with an unobstructed view of Lake Missaukeeâ...	3 beds \| 2 baths \| 1,584 sq.ft.	$684,900	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.66% Airbnb Rental Income: $1023 Traditional Rental Income: $2732 Airbnb ROI: -0.58% Traditional ROI: 2.66%
10242 N 7 Mile Road Lake City, MI Secluded 5-Acre Retreat Backed by State Land â Modern Comfort in the Middle of the Woods...	3 beds \| 2 baths \| 1,200 sq.ft.	$205,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 8.52% Airbnb Rental Income: $1023 Traditional Rental Income: $2097 Airbnb ROI: 1.14% Traditional ROI: 8.52%
8838 N DeYoung Road Lake City, MI Extremely well-preserved 1978 manufactured home, thoughtfully updated and move-in ready. T...	2 beds \| 1 baths \| 980 sq.ft.	$129,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 9.86% Airbnb Rental Income: $753 Traditional Rental Income: $1540 Airbnb ROI: 0.98% Traditional ROI: 9.86%
1779 S Green Road Lake City, MI Are you kidding...a cottage on beautiful all-sports Lake Missaukee for under $500,000. 70'...	2 beds \| 1 baths \| 600 sq.ft.	$474,900	Airbnb cash on cash: -1.36% Traditional cash on cash: 1.02% Airbnb Rental Income: $753 Traditional Rental Income: $1498 Airbnb ROI: -1.36% Traditional ROI: 1.02%
2520 S Blodgett Lake City, MI This Well Maintained 3-bedroom, 1-bath home sits on 2.5 private acres with a big circle dr...	3 beds \| 1 baths \| 938 sq.ft.	$205,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 6.98% Airbnb Rental Income: $1023 Traditional Rental Income: $1721 Airbnb ROI: 1.54% Traditional ROI: 6.98%
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: 0.51% Traditional cash on cash: 7.05% Airbnb Rental Income: $753 Traditional Rental Income: $1498 Airbnb ROI: 0.51% Traditional ROI: 7.05%
2333 E Newman Road Lake City, MI Welcome to your up north lifestyle in Lake City â where peaceful seclusion, modern comfo...	4 beds \| 3 baths \| 2,356 sq.ft.	$269,900	Airbnb cash on cash: 4.32% Traditional cash on cash: 9.24% Airbnb Rental Income: $2294 Traditional Rental Income: $2974 Airbnb ROI: 4.32% Traditional ROI: 9.24%

Your search for investment property begins and ends here

Single Family Homes for Sale in Lake City, MI

1404 S TAXIWAY DELTA

Lake City, MI

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

$159,900

Airbnb cash on cash: -0.25%

Traditional cash on cash: 9.83%

Airbnb Rental Income: $753

Traditional Rental Income: $1977

Airbnb ROI: -0.25%

Traditional ROI: 9.83%

5521 N Edwards Road

Lake City, MI

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

$240,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 11.12%

Airbnb Rental Income: $1023

Traditional Rental Income: $2974

Airbnb ROI: 0.93%

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: 0.13%

Traditional cash on cash: 8.55%

Airbnb Rental Income: $753

Traditional Rental Income: $1764

Airbnb ROI: 0.13%

Traditional ROI: 8.55%

6789 W Redman Drive

Lake City, MI

4 beds | 3 baths | 1,728 sq.ft.

$664,900

Airbnb cash on cash: 0.2%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $2294

Traditional Rental Income: $2003

Airbnb ROI: 0.2%

Traditional ROI: 0.65%

208 Russell Street

Lake City, MI

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

$180,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 7.83%

Airbnb Rental Income: $1023

Traditional Rental Income: $1871

Airbnb ROI: 0.78%

Traditional ROI: 7.83%

1900 Pavilion Drive

Lake City, MI

3 beds | 1 baths | 1,004 sq.ft.

$199,900

Airbnb cash on cash: 1.09%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1023

Traditional Rental Income: $1852

Airbnb ROI: 1.09%

Traditional ROI: 7.35%

1264 Birchaven Beach

Lake City, MI

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%

2351 S McGee Road

Lake City, MI

3 beds | 2 baths | 1,056 sq.ft.

$300,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 5.2%

Airbnb Rental Income: $1023

Traditional Rental Income: $2105

Airbnb ROI: 0.1%