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 76 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
6945 W Redman Dr Lake City, MI This is the perfect house and landscaped yard to enjoy Lake living for the whole family in...	3 beds \| 2 baths \| 2,520 sq.ft.	$749,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.05% Airbnb Rental Income: $1645 Traditional Rental Income: $2486 Airbnb ROI: 0.18% Traditional ROI: 2.05%
840 S Oak Dr Lake City, MI A great find on Crooked Lake. 4 bedroom, 2 bath ranch cottage with 85 feet of sandy beach...	4 beds \| 2 baths \| 1,400 sq.ft.	$519,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.46% Airbnb Rental Income: $2107 Traditional Rental Income: $2161 Airbnb ROI: 1.24% Traditional ROI: 2.46%
9909 W Lotan Rd Lake City, MI Beautiful River Frontage! This waterfront rustic cabin sits on 100 feet of the Clam River ...	1 beds \| 2 baths \| 1,144 sq.ft.	$329,900	Airbnb cash on cash: -1.37% Traditional cash on cash: 4.32% Airbnb Rental Income: $345 Traditional Rental Income: $1864 Airbnb ROI: -1.37% Traditional ROI: 4.32%
6008 W Park St Lake City, MI EXCELLENT LOCATION with the lifestyle to match! Located just one block from beautiful Miss...	5 beds \| 2 baths \| 3,493 sq.ft.	$309,900	Airbnb cash on cash: 5.7% Traditional cash on cash: 3.82% Airbnb Rental Income: $2921 Traditional Rental Income: $1698 Airbnb ROI: 5.7% Traditional ROI: 3.82%
3912 W Sanborn Rd Lake City, MI Check this out! 3 bedroom and 3 full baths, large living room and family room, main floor ...	3 beds \| 3 baths \| 2,100 sq.ft.	$339,900	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.95% Airbnb Rental Income: $1645 Traditional Rental Income: $2820 Airbnb ROI: 1.82% Traditional ROI: 6.95%
6770 W Redman Dr Lake City, MI Stunning panoramic views from this corner lot on Lake Missaukee! This 3 bedroom, 1 1/2 bat...	3 beds \| 1 baths \| 1,320 sq.ft.	$710,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 0.44% Airbnb Rental Income: $1645 Traditional Rental Income: $1565 Airbnb ROI: -0.14% Traditional ROI: 0.44%
6789 W Redman Dr Lake City, MI Great VRBO history!! Nestled in the peaceful curve of Clayton Harbor Bay, this 4-bedroom, ...	3 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 0.69% Airbnb Rental Income: $1645 Traditional Rental Income: $2003 Airbnb ROI: -0.66% Traditional ROI: 0.69%
259 N Morey Rd Lake City, MI Lake City Living! Welcome home to this 2 bedroom(3rd non-conforming) and 2 bathroom home t...	3 beds \| 2 baths \| 2,356 sq.ft.	$229,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 9.35% Airbnb Rental Income: $1645 Traditional Rental Income: $2596 Airbnb ROI: 2.85% Traditional ROI: 9.35%
5556 W Sanborn Rd Lake City, MI Welcome to your dream home! This brand-new, beautifully constructed 3-bedroom, 2-bath ranc...	3 beds \| 2 baths \| 1,556 sq.ft.	$332,400	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.55% Airbnb Rental Income: $1645 Traditional Rental Income: $2344 Airbnb ROI: 1.83% Traditional ROI: 5.55%
1061 N Anderson St Lake City, MI Your Northern Michigan adventure starts here! Nestled on nearly an acre, this inviting 2-b...	2 beds \| 1 baths \| 693 sq.ft.	$99,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 11.2% Airbnb Rental Income: $752 Traditional Rental Income: $1330 Airbnb ROI: 2.02% Traditional ROI: 11.2%
8415 W Workman Rd Lake City, MI Welcome to your serene escape overlooking the Clam River! Built in 2009, this beautifully ...	3 beds \| 3 baths \| 2,147 sq.ft.	$599,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 4.39% Airbnb Rental Income: $1645 Traditional Rental Income: $3364 Airbnb ROI: 0.49% Traditional ROI: 4.39%
321 N Front St Lake City, MI Just two blocks from beautiful Lake Missaukee and close to downtown, this spacious 4-bedro...	3 beds \| 2 baths \| 3,162 sq.ft.	$449,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.99% Airbnb Rental Income: $1645 Traditional Rental Income: $2778 Airbnb ROI: 1.2% Traditional ROI: 4.99%
4774 S Lachance Rd Lake City, MI Escape to the peace and simplicity of Northern Michigan living with this well-maintained 3...	3 beds \| 1 baths \| 1,107 sq.ft.	$170,000	Airbnb cash on cash: 4.3% Traditional cash on cash: 7.77% Airbnb Rental Income: $1645 Traditional Rental Income: $1745 Airbnb ROI: 4.3% Traditional ROI: 7.77%
7039 W White Birch Ave Lake City, MI Lake Missaukee living made effortless! Nestled on Lake City's 1,880-acre, all-sports lake,...	3 beds \| 2 baths \| 2,232 sq.ft.	$899,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.09% Airbnb Rental Income: $1645 Traditional Rental Income: $3145 Airbnb ROI: -0.26% 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.	$149,500	Airbnb cash on cash: 1.09% Traditional cash on cash: 11.85% Airbnb Rental Income: $752 Traditional Rental Income: $1977 Airbnb ROI: 1.09% Traditional ROI: 11.85%
8303 W Sapphire Lake City, MI 8303 W Sapphire, Lake City, MI 49651 \| Single Family Residential	6 beds \| 3 baths \| 2,800 sq.ft.	$739,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 1.88% Airbnb Rental Income: $2921 Traditional Rental Income: $3138 Airbnb ROI: 0.59% Traditional ROI: 1.88%
6789 W Redman Dr Lot : 42 Lake City, MI 6789 W Redman Dr Lot : 42, Lake City, MI 49651 \| Single Family Residential	4 beds \| 2 baths \| 1,728 sq.ft.	$649,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 1.07% Airbnb Rental Income: $2107 Traditional Rental Income: $2274 Airbnb ROI: -0.1% Traditional ROI: 1.07%
248 S Carolyn Dr Lake City, MI Pure Michigan at its most refined-set along the crystal-clear shores of Lake Missaukee, th...	5 beds \| 3 baths \| 3,768 sq.ft.	$1,299,999	Airbnb cash on cash: 0.2% Traditional cash on cash: 1.24% Airbnb Rental Income: $2921 Traditional Rental Income: $3496 Airbnb ROI: 0.2% Traditional ROI: 1.24%
602 S King St Lake City, MI Welcome to one of the most unique opportunities in Lake City. This newly built 3-bedroom, ...	3 beds \| 2 baths \| 1,384 sq.ft.	$479,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 2.96% Airbnb Rental Income: $1645 Traditional Rental Income: $2558 Airbnb ROI: -0.1% Traditional ROI: 2.96%
2561 E Johnson Rd Lake City, MI Escape to your own Pure Michigan retreat with this charming 3-bedroom log home set on 15.7...	3 beds \| 1 baths \| 1,812 sq.ft.	$259,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.69% Airbnb Rental Income: $1645 Traditional Rental Income: $1862 Airbnb ROI: 1.92% Traditional ROI: 4.69%
1876 S Schneider St Lake City, MI 1876 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,560 sq.ft.	$399,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.75% Airbnb Rental Income: $1645 Traditional Rental Income: $2826 Airbnb ROI: 0.37% Traditional ROI: 4.75%
980 N Stevens Rd Lake City, MI Charming country setting just outside of Lake City! This 2-bedroom, 1-bath home sits on a ...	2 beds \| 1 baths \| 1,008 sq.ft.	$184,900	Airbnb cash on cash: 0% Traditional cash on cash: 6.88% Airbnb Rental Income: $752 Traditional Rental Income: $1647 Airbnb ROI: 0% Traditional ROI: 6.88%
10403 W Round Lake Rd Lake City, MI Welcome home to this beautifully 2024 built 3-bedroom, 2-bath ranch tucked away on a seren...	3 beds \| 2 baths \| 960 sq.ft.	$215,900	Airbnb cash on cash: 4.09% Traditional cash on cash: 8.67% Airbnb Rental Income: $1645 Traditional Rental Income: $2117 Airbnb ROI: 4.09% Traditional ROI: 8.67%
1504 S Birchaven Bch Lake City, MI Dreaming of the those warm summer days, how about sitting on a large deck watching an unbe...	3 beds \| 2 baths \| 1,100 sq.ft.	$599,999	Airbnb cash on cash: -0.58% Traditional cash on cash: 1.01% Airbnb Rental Income: $1645 Traditional Rental Income: $2075 Airbnb ROI: -0.58% Traditional ROI: 1.01%
1988 S Schneider St Lake City, MI 1988 S Schneider St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 952 sq.ft.	$625,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 1.46% Airbnb Rental Income: $1645 Traditional Rental Income: $2420 Airbnb ROI: -0.66% Traditional ROI: 1.46%
4690 E Houghton Lake Rd Lake City, MI Welcome to a truly exceptional country estate where luxury, comfort, and functionality com...	4 beds \| 3 baths \| 3,610 sq.ft.	$414,900	Airbnb cash on cash: 2.24% Traditional cash on cash: 7.7% Airbnb Rental Income: $2107 Traditional Rental Income: $3691 Airbnb ROI: 2.24% Traditional ROI: 7.7%
3351 S Dickerson Rd Lake City, MI 3351 S Dickerson Rd, Lake City, MI 49651 \| Single Family Residential	3 beds \| 3 baths \| 1,530 sq.ft.	$329,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.19% Airbnb Rental Income: $1645 Traditional Rental Income: $2484 Airbnb ROI: 0.99% Traditional ROI: 5.19%
6783 W Northshore Dr Lake City, MI 6783 W Northshore Dr, Lake City, MI 49651 \| Single Family Residential	3 beds \| 1 baths \| 1,376 sq.ft.	$365,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.66% Airbnb Rental Income: $1645 Traditional Rental Income: $1867 Airbnb ROI: 0.66% Traditional ROI: 2.66%
5070 W Sanborn Rd Lake City, MI 115 Acres - Lake City, Michigan! Rare opportunity to own 115 acres just outside of the cha...	3 beds \| 1 baths \| 1,092 sq.ft.	$649,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 1.34% Airbnb Rental Income: $1645 Traditional Rental Income: $1598 Airbnb ROI: 0.65% Traditional ROI: 1.34%
8520 W Sapphire Ave Lake City, MI 8520 W Sapphire Ave, Lake City, MI 49651 \| Single Family Residential	1 beds \| 1 baths \| 424 sq.ft.	$160,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 3.96% Airbnb Rental Income: $345 Traditional Rental Income: $1082 Airbnb ROI: -2.47% Traditional ROI: 3.96%
7979 N Turnerville Rd Lake City, MI Rustic craftsmanship. Modern convenience. The Up North lifestyle you've been searching for...	2 beds \| 1 baths \| 860 sq.ft.	$224,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.41% Airbnb Rental Income: $752 Traditional Rental Income: $1355 Airbnb ROI: -0.9% Traditional ROI: 3.41%
2183 Wenonah Trl Lake City, MI Set along the peaceful shores of Dyer Lake, this charming three-bedroom, one-bath cottage ...	3 beds \| 1 baths \| 868 sq.ft.	$299,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 3.52% Airbnb Rental Income: $1645 Traditional Rental Income: $1786 Airbnb ROI: 1.38% Traditional ROI: 3.52%
9940 N Vandermeulen Rd Lake City, MI Escape to your own private Northern Michigan retreat! Tucked away on 10 beautiful wooded a...	2 beds \| 3 baths \| 3,272 sq.ft.	$375,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 3.63% Airbnb Rental Income: $752 Traditional Rental Income: $2258 Airbnb ROI: -1.54% Traditional ROI: 3.63%
8304 W Whispering Pine Cir Lake City, MI Welcome to 8304 W Whispering Pine Circle, where comfort, outdoor adventure, and Northern M...	3 beds \| 2 baths \| 2,120 sq.ft.	$289,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 7.96% Airbnb Rental Income: $1645 Traditional Rental Income: $2791 Airbnb ROI: 2.05% Traditional ROI: 7.96%
5200 S Riverview Dr Lake City, MI 5200 S Riverview Dr, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 1,672 sq.ft.	$340,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.69% Airbnb Rental Income: $1645 Traditional Rental Income: $2398 Airbnb ROI: 0.89% Traditional ROI: 4.69%
250 Langley St Lake City, MI 250 Langley St, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 1,728 sq.ft.	$919,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 0.37% Airbnb Rental Income: $1645 Traditional Rental Income: $2574 Airbnb ROI: -1.26% Traditional ROI: 0.37%
250 Langley St Lot : 5 Lake City, MI 250 Langley St Lot : 5, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 3,456 sq.ft.	$919,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 0.37% Airbnb Rental Income: $1645 Traditional Rental Income: $2574 Airbnb ROI: -1.26% Traditional ROI: 0.37%
318 S Houghton St Lake City, MI 318 S Houghton St, Lake City, MI 49651 \| Single Family Residential	2 beds \| 1 baths \| 1,072 sq.ft.	$224,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.83% Airbnb Rental Income: $752 Traditional Rental Income: $1445 Airbnb ROI: -0.9% Traditional ROI: 3.83%
8022 W Blue Rd Lake City, MI 8022 W Blue Rd, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 1,984 sq.ft.	$375,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 4.94% Airbnb Rental Income: $1645 Traditional Rental Income: $2718 Airbnb ROI: 0.57% Traditional ROI: 4.94%
3460 W Sanborn Rd Lake City, MI 3460 W Sanborn Rd, Lake City, MI 49651 \| Single Family Residential	3 beds \| 2 baths \| 1,288 sq.ft.	$279,900	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.96% Airbnb Rental Income: $1645 Traditional Rental Income: $2067 Airbnb ROI: 1.61% Traditional ROI: 4.96%

Your search for investment property begins and ends here

Single Family Homes for Sale in Lake City, MI

6945 W Redman Dr

Lake City, MI

3 beds | 2 baths | 2,520 sq.ft.

$749,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 2.05%

Airbnb Rental Income: $1645

Traditional Rental Income: $2486

Airbnb ROI: 0.18%

Traditional ROI: 2.05%

840 S Oak Dr

Lake City, MI

4 beds | 2 baths | 1,400 sq.ft.

$519,900

Airbnb cash on cash: 1.24%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $2107

Traditional Rental Income: $2161

Airbnb ROI: 1.24%

Traditional ROI: 2.46%

9909 W Lotan Rd

Lake City, MI

1 beds | 2 baths | 1,144 sq.ft.

$329,900

Airbnb cash on cash: -1.37%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $345

Traditional Rental Income: $1864

Airbnb ROI: -1.37%

Traditional ROI: 4.32%

6008 W Park St

Lake City, MI

5 beds | 2 baths | 3,493 sq.ft.

$309,900

Airbnb cash on cash: 5.7%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $2921

Traditional Rental Income: $1698

Airbnb ROI: 5.7%

Traditional ROI: 3.82%

3912 W Sanborn Rd

Lake City, MI

3 beds | 3 baths | 2,100 sq.ft.

$339,900

Airbnb cash on cash: 1.82%

Traditional cash on cash: 6.95%

Airbnb Rental Income: $1645

Traditional Rental Income: $2820

Airbnb ROI: 1.82%

Traditional ROI: 6.95%

6770 W Redman Dr

Lake City, MI

3 beds | 1 baths | 1,320 sq.ft.

$710,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $1645

Traditional Rental Income: $1565

Airbnb ROI: -0.14%

Traditional ROI: 0.44%

6789 W Redman Dr

Lake City, MI

3 beds | 2 baths | 1,728 sq.ft.

$649,900

Airbnb cash on cash: -0.66%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1645

Traditional Rental Income: $2003

Airbnb ROI: -0.66%

Traditional ROI: 0.69%

259 N Morey Rd

Lake City, MI

3 beds | 2 baths | 2,356 sq.ft.

$229,900

Airbnb cash on cash: 2.85%

Traditional cash on cash: 9.35%

Airbnb Rental Income: $1645

Traditional Rental Income: $2596

Airbnb ROI: 2.85%