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
3251 Havenwood Cir Lake, MI Been searching for your hunter's paradise or cottage near the Lake? Here it is! 2 bed, 1 ...	2 beds \| 1 baths \| 1,100 sq.ft.	$159,900	Airbnb cash on cash: 1.65% Traditional cash on cash: 6.46% Airbnb Rental Income: $897 Traditional Rental Income: $1294 Airbnb ROI: 1.65% Traditional ROI: 6.46%
3230 Pinehurst Dr Lake, MI Welcome to your perfect up north getaway or year-round home in the beautiful Lake of the P...	3 beds \| 2 baths \| 1,260 sq.ft.	$244,900	Airbnb cash on cash: 6.17% Traditional cash on cash: 7.1% Airbnb Rental Income: $2511 Traditional Rental Income: $2120 Airbnb ROI: 6.17% Traditional ROI: 7.1%
7170 Oak Hollow Trl Lake, MI Very well maintained chalet in a quiet wooded setting with wild life to enjoy as you sit o...	3 beds \| 2 baths \| 1,600 sq.ft.	$250,000	Airbnb cash on cash: 6.07% Traditional cash on cash: 7.22% Airbnb Rental Income: $2511 Traditional Rental Income: $2176 Airbnb ROI: 6.07% Traditional ROI: 7.22%
2221 Grass Lake Lake, MI Price reduced !! Home sweet home away from home! Must see this much improved park model wi...	1 beds \| 1 baths \| 720 sq.ft.	$83,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 11.7% Airbnb Rental Income: $1162 Traditional Rental Income: $1217 Airbnb ROI: 6.33% Traditional ROI: 11.7%
311 Hunter Dr Lake, MI 2 bedroom home near Silver Lake with a 2 car garage. Many building materials already there...	2 beds \| 1 baths \| 1,038 sq.ft.	$149,311	Airbnb cash on cash: 1.76% Traditional cash on cash: 9.62% Airbnb Rental Income: $897 Traditional Rental Income: $1682 Airbnb ROI: 1.76% Traditional ROI: 9.62%
4450 ADAMS Rd Lake, MI A home on 10 acres for $100k?! Yes, that is what sits at 4450 Adams Rd. This 3-bedroom, 2 ...	3 beds \| 2 baths \| 1,375 sq.ft.	$224,900	Airbnb cash on cash: 6.31% Traditional cash on cash: 6.82% Airbnb Rental Income: $2511 Traditional Rental Income: $2019 Airbnb ROI: 6.31% Traditional ROI: 6.82%
2221 Grass Lake Ave Lake, MI Relax at your water front dream come true, full rap around deck to enjoy out door cooking ...	1 beds \| 1 baths \| 618 sq.ft.	$64,900	Airbnb cash on cash: 7.23% Traditional cash on cash: 11.18% Airbnb Rental Income: $1162 Traditional Rental Income: $1053 Airbnb ROI: 7.23% Traditional ROI: 11.18%
8180 Trails End Rd Lake, MI $5,000 Allowance given at Closing. Deeded Lake access to Crooked Lake for swimming and lou...	3 beds \| 1 baths \| 2,188 sq.ft.	$225,000	Airbnb cash on cash: 6.52% Traditional cash on cash: 5.63% Airbnb Rental Income: $2511 Traditional Rental Income: $1705 Airbnb ROI: 6.52% Traditional ROI: 5.63%
1361 N Crooked Lake Dr Lake, MI Get ready for summer fun with this 1200 sq. ft. cottage on beautiful Crooked Lake in Lake,...	3 beds \| 1 baths \| 1,200 sq.ft.	$239,900	Airbnb cash on cash: 4.86% Traditional cash on cash: 2.04% Airbnb Rental Income: $2511 Traditional Rental Income: $1211 Airbnb ROI: 4.86% Traditional ROI: 2.04%
11935 N Shore Dr Lake, MI Fantastic opportunity on beautiful 388 acre all-sports Eight Point Lake, Clare Counties la...	2 beds \| 1 baths \| 1,178 sq.ft.	$199,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 6.65% Airbnb Rental Income: $897 Traditional Rental Income: $1779 Airbnb ROI: 0.19% Traditional ROI: 6.65%
1249 N CROOKED LAKE Dr Lake, MI Why settle for 1 cabin when you can own 4? Unique waterfront property with 4 cabins on the...	N/A beds \| 4 baths \| 3,164 sq.ft.	$599,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 1.94% Airbnb Rental Income: $897 Traditional Rental Income: $2364 Airbnb ROI: -1.29% Traditional ROI: 1.94%
1481 N Crooked Lake Dr Lake, MI Take a look at the "View Point" cottage! The View Point is a small, rustic cottage on a b...	2 beds \| 1 baths \| 750 sq.ft.	$349,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 1.49% Airbnb Rental Income: $897 Traditional Rental Income: $1076 Airbnb ROI: -0.09% Traditional ROI: 1.49%
4490 Ridgeway Trl Lake, MI Super Waterfront on all sports Doc and Tom Lake / Canal.You can swim here it is clean and ...	3 beds \| 2 baths \| 1,456 sq.ft.	$279,000	Airbnb cash on cash: 4.28% Traditional cash on cash: 3.78% Airbnb Rental Income: $2511 Traditional Rental Income: $1771 Airbnb ROI: 4.28% Traditional ROI: 3.78%
10203 S Lake Station Ave Lake, MI Clare County, two unit duplex just South of the Village of Lake, Near Crooked Lake and Per...	4 beds \| 2 baths \| 4,496 sq.ft.	$315,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 6.25% Airbnb Rental Income: $2511 Traditional Rental Income: $2687 Airbnb ROI: 3.61% Traditional ROI: 6.25%
10195 S Lake Station Ave Lake, MI Clare County, Two structures with 2 units each, just South of the Village of Lake, Near Cr...	8 beds \| 4 baths \| 8,128 sq.ft.	$519,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 5.38% Airbnb Rental Income: $2511 Traditional Rental Income: $3635 Airbnb ROI: 1.81% Traditional ROI: 5.38%
3340 Pinehurst Dr Lake, MI Stunning Lakefront Luxury: Your Dream Home Awaits Discover your lakeside paradise in this...	2 beds \| 1 baths \| 1,000 sq.ft.	$258,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.63% Airbnb Rental Income: $897 Traditional Rental Income: $1618 Airbnb ROI: 0.28% Traditional ROI: 4.63%
10215 S Lake Station Ave 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.	$318,900	Airbnb cash on cash: 5.83% Traditional cash on cash: 6.62% Airbnb Rental Income: $3157 Traditional Rental Income: $2678 Airbnb ROI: 5.83% Traditional ROI: 6.62%
11076 N Shore Dr Lake, MI Enjoy the spectacular sunrise lake views from this 4+ bedroom, 3-bath home with over 3,000...	4 beds \| 3 baths \| 3,062 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $3723 Airbnb ROI: N/A Traditional ROI: 4.4%
4280 Birch Drive Lake, MI Enjoy lake living full or part time at all sports Littlefield Lake. Great for kayaking and...	3 beds \| 2 baths \| 1,584 sq.ft.	$222,000	Airbnb cash on cash: 6.92% Traditional cash on cash: 9.22% Airbnb Rental Income: $2511 Traditional Rental Income: $2388 Airbnb ROI: 6.92% Traditional ROI: 9.22%
6364 Joanne St Lake, MI A Sportsman's Paradise! Your dream life awaits at this peaceful, waterfront home on no-wak...	2 beds \| 1 baths \| 1,216 sq.ft.	$249,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 6.35% Airbnb Rental Income: $897 Traditional Rental Income: $1935 Airbnb ROI: 0.49% Traditional ROI: 6.35%
3110 W Adams Rd Lake, MI 3110 W Adams Rd, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$595,000	Airbnb cash on cash: 1.7% Traditional cash on cash: -1.29% Airbnb Rental Income: $3157 Traditional Rental Income: $781 Airbnb ROI: 1.7% Traditional ROI: -1.29%
8492 Gibson Ave Lake, MI 8492 Gibson Ave, Lake, MI 48632 \| Single Family Residential	6 beds \| 3 baths \| 2,496 sq.ft.	$370,000	Airbnb cash on cash: 9.71% Traditional cash on cash: 6.19% Airbnb Rental Income: $5435 Traditional Rental Income: $3120 Airbnb ROI: 9.71% Traditional ROI: 6.19%
6364 Joanne St Lot : 29 Lake, MI 6364 Joanne St Lot : 29, Lake, MI 48632 \| Single Family Residential	2 beds \| 1 baths \| 1,216 sq.ft.	$249,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.9% Airbnb Rental Income: $897 Traditional Rental Income: $1368 Airbnb ROI: -0.54% Traditional ROI: 2.9%
6655 Cedarhurst Dr Lake, MI 6655 Cedarhurst Dr, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 3,176 sq.ft.	$280,000	Airbnb cash on cash: 4.16% Traditional cash on cash: 5.73% Airbnb Rental Income: $2511 Traditional Rental Income: $2317 Airbnb ROI: 4.16% Traditional ROI: 5.73%
1361 N Crooked Lake Dr Lot : 13 Lake, MI 1361 N Crooked Lake Dr Lot : 13, Lake, MI 48632 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$279,900	Airbnb cash on cash: 4.34% Traditional cash on cash: 3.68% Airbnb Rental Income: $2511 Traditional Rental Income: $1729 Airbnb ROI: 4.34% Traditional ROI: 3.68%
10365 Cadillac Dr Lake, MI Discover this rare 19.1-acre property located just off M-115. Featuring a 3-bedroom, 2-bat...	3 beds \| 2 baths \| 1,440 sq.ft.	$185,000	Airbnb cash on cash: 8.29% Traditional cash on cash: 10.1% Airbnb Rental Income: $2511 Traditional Rental Income: $2221 Airbnb ROI: 8.29% Traditional ROI: 10.1%
5911 JACKSON Ave Lake, MI 5911 Jackson Ave, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 1,080 sq.ft.	$170,000	Airbnb cash on cash: 8.66% Traditional cash on cash: 8.5% Airbnb Rental Income: $2511 Traditional Rental Income: $1878 Airbnb ROI: 8.66% Traditional ROI: 8.5%
8659 Wood View Dr Lake, MI 8659 Wood View Dr, Lake, MI 48632 \| Single Family Residential	3 beds \| 3 baths \| 1,232 sq.ft.	$394,500	Airbnb cash on cash: 2.37% Traditional cash on cash: 5.79% Airbnb Rental Income: $2511 Traditional Rental Income: $3168 Airbnb ROI: 2.37% Traditional ROI: 5.79%
7620 Monroe Rd Lake, MI 7620 Monroe Rd, Lake, MI 48632 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: 7.43% Traditional cash on cash: 0.86% Airbnb Rental Income: $3157 Traditional Rental Income: $890 Airbnb ROI: 7.43% Traditional ROI: 0.86%
6651 Tamarack Trail Rds Lake, MI MOTIVATED SELLER- Immediate occupancy check out This is a ranch style home with a walk-out...	2 beds \| 2 baths \| 3,128 sq.ft.	$369,900	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.71% Airbnb Rental Income: $897 Traditional Rental Income: $2350 Airbnb ROI: -0.45% Traditional ROI: 4.71%
6651 Tamarack Trl Lake, MI 6651 Tamarack Trl, Lake, MI 48632 \| Single Family Residential	2 beds \| 2 baths \| 1,600 sq.ft.	$423,250	Airbnb cash on cash: -1.4% Traditional cash on cash: 2.53% Airbnb Rental Income: $897 Traditional Rental Income: $2116 Airbnb ROI: -1.4% Traditional ROI: 2.53%
8307 Cortez Dr Lake, MI Honey look! The BEST of both worlds awaits you in this well appointed chalet w/breath-taki...	3 beds \| 2 baths \| 2,944 sq.ft.	$549,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 3.38% Airbnb Rental Income: $2511 Traditional Rental Income: $2892 Airbnb ROI: 1.45% Traditional ROI: 3.38%
491 Big Stone Lake Lake, MI Welcome to your private country retreat! This beautifully maintained 3-bedroom, 2-bath hom...	3 beds \| 2 baths \| 1,334 sq.ft.	$290,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 5.99% Airbnb Rental Income: $2511 Traditional Rental Income: $2219 Airbnb ROI: 4.84% Traditional ROI: 5.99%
2221 Grass Lake UNIT 250 Lake, MI Waterfront Park Model on Loon Landing! Sandy Shores Resort is just off of M 115 near Lake ...	1 beds \| 1 baths \| 660 sq.ft.	$89,900	Airbnb cash on cash: 4.54% Traditional cash on cash: 10.52% Airbnb Rental Income: $1162 Traditional Rental Income: $1305 Airbnb ROI: 4.54% Traditional ROI: 10.52%
3340 Pinehurst Lake, MI Welcome to your luxurious bungalow-style cottage with panoramic views of the highly sought...	2 beds \| 2 baths \| 1,000 sq.ft.	$258,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 5% Airbnb Rental Income: $897 Traditional Rental Income: $1947 Airbnb ROI: -0.71% Traditional ROI: 5%
111 Woodland Walk Lake, MI Beautifully remodeled and completely turnkey 2-bedroom, 1-bath lake-view cottage overlooki...	2 beds \| 1 baths \| N/A	$139,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 9.44% Airbnb Rental Income: $897 Traditional Rental Income: $1697 Airbnb ROI: 0.96% Traditional ROI: 9.44%
5842 Woodland Dr Lake, MI 5842 Woodland Dr, Lake, MI 48632 \| Single Family Residential	2 beds \| 1 baths \| 558 sq.ft.	$80,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 11.09% Airbnb Rental Income: $897 Traditional Rental Income: $1162 Airbnb ROI: 3.42% Traditional ROI: 11.09%
11245 Cedar Rd Lake, MI 11245 Cedar Rd, Lake, MI 48632 \| Single Family Residential	3 beds \| 2 baths \| 1,344 sq.ft.	$299,999	Airbnb cash on cash: 3.89% Traditional cash on cash: 5.93% Airbnb Rental Income: $2511 Traditional Rental Income: $2480 Airbnb ROI: 3.89% Traditional ROI: 5.93%
10495 HUNTERS Trl Lake, MI Be at one of Clare County's largest lake, 8 Point Lake, private beach area for Cook Landin...	3 beds \| 2 baths \| 1,248 sq.ft.	$175,000	Airbnb cash on cash: 9.07% Traditional cash on cash: 9.88% Airbnb Rental Income: $2511 Traditional Rental Income: $2039 Airbnb ROI: 9.07% Traditional ROI: 9.88%
10470 Cedar Rd Lake, MI Escape to your own private northern retreat with this charming rustic cabin nestled on 63 ...	1 beds \| 1 baths \| 672 sq.ft.	$274,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.3% Airbnb Rental Income: $1162 Traditional Rental Income: $1384 Airbnb ROI: 0.96% Traditional ROI: 3.3%

Real Estate investment in Lake, MI

There are 83 properties for sale in the city of Lake . The median list price in Lake is $158,000 and the average price per square foot is $120. In October 2026, the average monthly cash on cash return in Lake is 9.00%. The average monthly rental income in Lake is $1,663.

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

There are 83 investment properties available for sale in Lake.

In 2026, 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 $1,663.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

3251 Havenwood Cir

Lake, MI

2 beds | 1 baths | 1,100 sq.ft.

$159,900

Airbnb cash on cash: 1.65%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $897

Traditional Rental Income: $1294

Airbnb ROI: 1.65%

Traditional ROI: 6.46%

3230 Pinehurst Dr

Lake, MI

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

$244,900

Airbnb cash on cash: 6.17%

Traditional cash on cash: 7.1%

Airbnb Rental Income: $2511

Traditional Rental Income: $2120

Airbnb ROI: 6.17%

Traditional ROI: 7.1%

7170 Oak Hollow Trl

Lake, MI

3 beds | 2 baths | 1,600 sq.ft.

$250,000

Airbnb cash on cash: 6.07%

Traditional cash on cash: 7.22%

Airbnb Rental Income: $2511

Traditional Rental Income: $2176

Airbnb ROI: 6.07%

Traditional ROI: 7.22%

2221 Grass Lake

Lake, MI

1 beds | 1 baths | 720 sq.ft.

$83,000

Airbnb cash on cash: 6.33%

Traditional cash on cash: 11.7%

Airbnb Rental Income: $1162

Traditional Rental Income: $1217

Airbnb ROI: 6.33%

Traditional ROI: 11.7%

311 Hunter Dr

Lake, MI

2 beds | 1 baths | 1,038 sq.ft.

$149,311

Airbnb cash on cash: 1.76%

Traditional cash on cash: 9.62%

Airbnb Rental Income: $897

Traditional Rental Income: $1682

Airbnb ROI: 1.76%

Traditional ROI: 9.62%

4450 ADAMS Rd

Lake, MI

3 beds | 2 baths | 1,375 sq.ft.

$224,900

Airbnb cash on cash: 6.31%

Traditional cash on cash: 6.82%

Airbnb Rental Income: $2511

Traditional Rental Income: $2019

Airbnb ROI: 6.31%

Traditional ROI: 6.82%

2221 Grass Lake Ave

Lake, MI

1 beds | 1 baths | 618 sq.ft.

$64,900

Airbnb cash on cash: 7.23%

Traditional cash on cash: 11.18%

Airbnb Rental Income: $1162

Traditional Rental Income: $1053

Airbnb ROI: 7.23%

Traditional ROI: 11.18%

8180 Trails End Rd

Lake, MI

3 beds | 1 baths | 2,188 sq.ft.

$225,000

Airbnb cash on cash: 6.52%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $2511

Traditional Rental Income: $1705

Airbnb ROI: 6.52%