Real Estate Investment Properties for Sale in Lake, MI

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

Explore a variety of short-term homes & houses in Lake, MI. Invest wisely with VRBO & Lake, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lake, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4463 W Grass Lake Road Lake, MI 2 bedroom and 1.5 bath ranch home. 2 car attached garage with 24 x 32 pole barn and a sh...	2 beds \| 2 baths \| 1,200 sq.ft.	$219,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 5.7% Airbnb Rental Income: $691 Traditional Rental Income: $1638 Airbnb ROI: -0.33% Traditional ROI: 5.7%
1055 S Bringold Avenue Lake, MI Set on 5 wooded acres just minutes from beautiful Lake George, this recently updated 3-bed...	3 beds \| 2 baths \| 1,344 sq.ft.	$199,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 9.2% Airbnb Rental Income: $1771 Traditional Rental Income: $2179 Airbnb ROI: 4.49% Traditional ROI: 9.2%
6580 Deerfield Trail Lake, MI Welcome home! This immaculately maintained 3 bedroom, 2 bath home is modern and spacious a...	3 beds \| 2 baths \| 1,890 sq.ft.	$229,900	Airbnb cash on cash: 3.46% Traditional cash on cash: 9.22% Airbnb Rental Income: $1771 Traditional Rental Income: $2539 Airbnb ROI: 3.46% Traditional ROI: 9.22%
6353 Birchwood Drive Lake, MI Discover this well-kept 3-bedroom, 1 full bath home nestled on a spacious double lot in th...	3 beds \| 1 baths \| 768 sq.ft.	$129,900	Airbnb cash on cash: 7.59% Traditional cash on cash: 10.42% Airbnb Rental Income: $1771 Traditional Rental Income: $1640 Airbnb ROI: 7.59% Traditional ROI: 10.42%
9523-25 Terry Street Lake, MI Here is one for the savvy shopper, it is a waterfront BOGO or 2fer. Two cottages on the be...	4 beds \| 2 baths \| 1,084 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $2149 Airbnb ROI: N/A Traditional ROI: 4.89%
3200 Lake of the Pines Drive Lake, MI Your up north getaway is here! Beautiful 3 bedroom 2 bath lofted chalet has everything you...	3 beds \| 2 baths \| 1,441 sq.ft.	$239,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 4.06% Airbnb Rental Income: $1771 Traditional Rental Income: $1596 Airbnb ROI: 2.7% Traditional ROI: 4.06%
4331 W Stevenson Lake Road Lake, MI Welcome to lake life in beautiful Gilmore Township! Just down the road from the all-sports...	4 beds \| 1 baths \| 1,776 sq.ft.	$192,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.18% Airbnb Rental Income: $null Traditional Rental Income: $2268 Airbnb ROI: N/A Traditional ROI: 10.18%
6275 Woodridge Drive Lake, MI Charming 2 Bed, 2 Bath Home with Loft in Lake of the Pines! This well-maintained home feat...	2 beds \| 2 baths \| 1,586 sq.ft.	$235,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 4.21% Airbnb Rental Income: $691 Traditional Rental Income: $1611 Airbnb ROI: -1.29% Traditional ROI: 4.21%
10241 W Gladwin Road Lake, MI Set on 6.42 acres, this peaceful country property offers room to roam and thoughtful updat...	1 beds \| 1 baths \| 717 sq.ft.	$149,900	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.55% Airbnb Rental Income: $929 Traditional Rental Income: $1085 Airbnb ROI: 2.06% Traditional ROI: 5.55%
3320 Lake Of The Pines Drive Lake, MI Welcome home to your year round getaway nestled within wooded views and the feeling of pri...	3 beds \| 2 baths \| 1,271 sq.ft.	$220,000	Airbnb cash on cash: 3.85% Traditional cash on cash: 8.36% Airbnb Rental Income: $1771 Traditional Rental Income: $2228 Airbnb ROI: 3.85% Traditional ROI: 8.36%
10203 S Lake Station Lake, MI Clare County, two unit duplex just South of the Village of Lake, Near Crooked Lake and Pe...	4 beds \| 2 baths \| 4,496 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A Traditional ROI: 5.38%
10195 S Lake Station Lake, MI Clare County, Two structures with 2 units each, just South of the Village of Lake, Near C...	8 beds \| 4 baths \| 8,128 sq.ft.	$598,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $3635 Airbnb ROI: N/A Traditional ROI: 4.55%
1051 N Crooked Lake Drive Lake, MI Step in this home and enjoy the incredible views of all sports Crooked Lake! This 2 bedroo...	2 beds \| 1 baths \| 880 sq.ft.	$329,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.72% Airbnb Rental Income: $691 Traditional Rental Income: $1581 Airbnb ROI: -1.14% Traditional ROI: 2.72%
11821 N Shore Lake, MI 94 feet of water frontage on all s[ports Eight Point Lake, Clare County's premier lake. ...	2 beds \| 1 baths \| 832 sq.ft.	$280,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 3.99% Airbnb Rental Income: $691 Traditional Rental Income: $1613 Airbnb ROI: -0.66% Traditional ROI: 3.99%
9701 S Lake Station Avenue Lake, MI Lakehouse Retreat in a Wonderful Community! Escape to this beautifully updated 3-bedroom,...	3 beds \| 2 baths \| 1,632 sq.ft.	$269,000	Airbnb cash on cash: 3.09% Traditional cash on cash: 8.42% Airbnb Rental Income: $1771 Traditional Rental Income: $2639 Airbnb ROI: 3.09% Traditional ROI: 8.42%
4198 W Adams Road Lake, MI Charming 3 bedroom manufactured home on 20 wooded acres in northern Michigan. Situated in ...	3 beds \| 2 baths \| 1,307 sq.ft.	$180,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 9.89% Airbnb Rental Income: $1771 Traditional Rental Income: $2126 Airbnb ROI: 4.99% Traditional ROI: 9.89%
4280 Birch Street Lake, MI Located in Westview Shores Association at Littlefield Lake. Three bedroom 1.5 bathroom hom...	3 beds \| 2 baths \| 1,584 sq.ft.	$232,900	Airbnb cash on cash: 4.17% Traditional cash on cash: 10.31% Airbnb Rental Income: $1771 Traditional Rental Income: $2639 Airbnb ROI: 4.17% Traditional ROI: 10.31%
6294 Rock Road Lake, MI Cozy Lakefront Cottage on Bluff Lake -escape to this fully renovated, fully furnished lak...	1 beds \| 2 baths \| 850 sq.ft.	$190,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 4.77% Airbnb Rental Income: $929 Traditional Rental Income: $1323 Airbnb ROI: 0.68% Traditional ROI: 4.77%
9850 Cadillac Drive Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bathroom ranch situated on 2.8 serene acr...	3 beds \| 2 baths \| 1,248 sq.ft.	$200,000	Airbnb cash on cash: 4.93% Traditional cash on cash: 9.17% Airbnb Rental Income: $1771 Traditional Rental Income: $2091 Airbnb ROI: 4.93% Traditional ROI: 9.17%
10200 S Lake Station Avenue Lake, MI Step into this meticulous home that has never been on the market! This 5 bedroom, 2 bath ...	5 beds \| 2 baths \| 2,000 sq.ft.	$449,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 4.85% Airbnb Rental Income: $3665 Traditional Rental Income: $2788 Airbnb ROI: 5.04% Traditional ROI: 4.85%
9791 Cadillac Dr Lake, MI Outdoor Enthusiasts, Here is your chance to own an awesome get away place. Great opportuni...	2 beds \| 1 baths \| 860 sq.ft.	$129,900	Airbnb cash on cash: 0.09% Traditional cash on cash: 8.75% Airbnb Rental Income: $691 Traditional Rental Income: $1469 Airbnb ROI: 0.09% Traditional ROI: 8.75%
1605 Arbor Drive Lake, MI Lake George Lakefront Home with 2 bedrooms, full bath, large living area with dining, fami...	2 beds \| 1 baths \| 915 sq.ft.	$334,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.77% Airbnb Rental Income: $691 Traditional Rental Income: $1701 Airbnb ROI: -0.41% Traditional ROI: 3.77%
6202 Birchwood Lake, MI Beautifully maintained 3-bedroom, 2.5-bath home built in 1999 with lake access to private,...	3 beds \| 3 baths \| 2,016 sq.ft.	$269,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 8.43% Airbnb Rental Income: $1771 Traditional Rental Income: $2921 Airbnb ROI: 2.01% Traditional ROI: 8.43%
5896 Browns Road Lake, MI Welcome home! This meticulously maintained, turn key cottage can be your primary residence...	2 beds \| 1 baths \| 808 sq.ft.	$130,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 9.61% Airbnb Rental Income: $691 Traditional Rental Income: $1472 Airbnb ROI: 0.93% Traditional ROI: 9.61%
8307 Cortez Lake, MI Welcome to Bass Lake Hunt Club! This 3 Bedroom, 2 Bath home has been lovingly built from t...	3 beds \| 2 baths \| 1,536 sq.ft.	$549,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.52% Airbnb Rental Income: $1771 Traditional Rental Income: $2700 Airbnb ROI: 0.77% Traditional ROI: 3.52%
651 Connie Drive Lake, MI Escape to your own secluded haven on Big Norway Lake! This charming 2-bedroom, 1.5-bath ho...	2 beds \| 2 baths \| 1,344 sq.ft.	$249,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 7.76% Airbnb Rental Income: $691 Traditional Rental Income: $2375 Airbnb ROI: -0.66% Traditional ROI: 7.76%
10215 S Lake Station Lake, MI Great opportunity to own a duplex, possibility to live in one and rent out the other, each...	4 beds \| 2 baths \| 3,744 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 5.78%
2815 Grass Lake Lake, MI Discover this well-maintained 3-bedroom, 1.5-bath home offering comfort and convenience in...	3 beds \| 2 baths \| 1,200 sq.ft.	$182,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 9.39% Airbnb Rental Income: $1771 Traditional Rental Income: $2155 Airbnb ROI: 4.38% Traditional ROI: 9.39%
11431 N Shore Drive Lake, MI Charming 3-bedroom, 1-bath waterfront home on Eight Point Lake with 50 feet of frontage an...	3 beds \| 1 baths \| 816 sq.ft.	$358,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 2.94% Airbnb Rental Income: $1771 Traditional Rental Income: $1811 Airbnb ROI: 1.38% Traditional ROI: 2.94%
11549 N Shore Drive Lake, MI Built in 2000, this 2-bedroom, 1-bath waterfront home on beautiful Eight Point Lake offers...	2 beds \| 1 baths \| 1,070 sq.ft.	$399,900	Airbnb cash on cash: -0.92% Traditional cash on cash: 2.72% Airbnb Rental Income: $691 Traditional Rental Income: $1752 Airbnb ROI: -0.92% Traditional ROI: 2.72%
10757 Cedar Road Lake, MI Your Up North Basecamp or Homestead Awaits! Escape to 20 wooded acres with this charmin...	2 beds \| 2 baths \| 1,136 sq.ft.	$260,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 5.82% Airbnb Rental Income: $691 Traditional Rental Income: $1880 Airbnb ROI: -0.26% Traditional ROI: 5.82%

Real Estate investment in Lake, MI

There are 40 properties for sale in the city of Lake . The median list price in Lake is $196,200 and the average price per square foot is $142. In September 2025, the average monthly cash on cash return in Lake is 9.00%. The average monthly rental income in Lake is $1,891.

Lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 40 investment properties available for sale in Lake.

In 2025, the best neighborhood to buy investment property is Lake.

The ROI for Long-Term is higher than the Short-Term in Lake with average rental income of $1,891.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

4463 W Grass Lake Road

Lake, MI

2 beds | 2 baths | 1,200 sq.ft.

$219,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $691

Traditional Rental Income: $1638

Airbnb ROI: -0.33%

Traditional ROI: 5.7%

1055 S Bringold Avenue

Lake, MI

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

$199,900

Airbnb cash on cash: 4.49%

Traditional cash on cash: 9.2%

Airbnb Rental Income: $1771

Traditional Rental Income: $2179

Airbnb ROI: 4.49%

Traditional ROI: 9.2%

6580 Deerfield Trail

Lake, MI

3 beds | 2 baths | 1,890 sq.ft.

$229,900

Airbnb cash on cash: 3.46%

Traditional cash on cash: 9.22%

Airbnb Rental Income: $1771

Traditional Rental Income: $2539

Airbnb ROI: 3.46%

Traditional ROI: 9.22%

6353 Birchwood Drive

Lake, MI

3 beds | 1 baths | 768 sq.ft.

$129,900

Airbnb cash on cash: 7.59%

Traditional cash on cash: 10.42%

Airbnb Rental Income: $1771

Traditional Rental Income: $1640

Airbnb ROI: 7.59%

Traditional ROI: 10.42%

9523-25 Terry Street

Lake, MI

4 beds | 2 baths | 1,084 sq.ft.

$325,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2149

Airbnb ROI: N/A

Traditional ROI: 4.89%

3200 Lake of the Pines Drive

Lake, MI

3 beds | 2 baths | 1,441 sq.ft.

$239,900

Airbnb cash on cash: 2.7%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1771

Traditional Rental Income: $1596

Airbnb ROI: 2.7%

Traditional ROI: 4.06%

4331 W Stevenson Lake Road

Lake, MI

4 beds | 1 baths | 1,776 sq.ft.

$192,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2268

Airbnb ROI: N/A

Traditional ROI: 10.18%

6275 Woodridge Drive

Lake, MI

2 beds | 2 baths | 1,586 sq.ft.

$235,000

Airbnb cash on cash: -1.29%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $691

Traditional Rental Income: $1611

Airbnb ROI: -1.29%