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
11412 South Shore Lake, MI The Perfect Up North Escape on Eight Point Lake! Welcome to your slice of lakefront paradi...	3 beds \| 2 baths \| 1,350 sq.ft.	$400,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 4.41% Airbnb Rental Income: $1556 Traditional Rental Income: $2414 Airbnb ROI: 0.92% Traditional ROI: 4.41%
9523-25 Terry St 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%
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...	9 beds \| 4 baths \| 3,164 sq.ft.	$649,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 1.72% Airbnb Rental Income: $2306 Traditional Rental Income: $2364 Airbnb ROI: 0.67% Traditional ROI: 1.72%
10429 Garfield Ave Lake, MI Spacious open concept home with a split floor plan. Offers 3 bedrooms, 2 full baths, firep...	3 beds \| 2 baths \| 1,456 sq.ft.	$169,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 11.44% Airbnb Rental Income: $1556 Traditional Rental Income: $2202 Airbnb ROI: 4.69% Traditional ROI: 11.44%
10203 S Lake Station Ave 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.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.25% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A 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 C...	8 beds \| 4 baths \| 8,128 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $3635 Airbnb ROI: N/A Traditional ROI: 5.38%
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: -0.96% Traditional cash on cash: 6.62% Airbnb Rental Income: $712 Traditional Rental Income: $2678 Airbnb ROI: -0.96% 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.	$673,000	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: 3.13% Traditional cash on cash: 9.22% Airbnb Rental Income: $1556 Traditional Rental Income: $2388 Airbnb ROI: 3.13% Traditional ROI: 9.22%
6364 Joanne St Lake, MI A Sportsmanâs Paradise! Your dream life awaits at this peaceful, waterfront home on no-w...	2 beds \| 1 baths \| 1,216 sq.ft.	$299,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 5.14% Airbnb Rental Income: $712 Traditional Rental Income: $1935 Airbnb ROI: -0.3% Traditional ROI: 5.14%
9140 Beech Lake, MI Looking to buy a home that is move in ready and smells like brand new? This is the home. T...	1 beds \| 2 baths \| 1,092 sq.ft.	$179,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 7.96% Airbnb Rental Income: $693 Traditional Rental Income: $1667 Airbnb ROI: 0.49% Traditional ROI: 7.96%
11412 South Shore Dr Lake, MI The Perfect Up North Escape on Eight Point Lake! Welcome to your slice of lakefront paradi...	3 beds \| 1 baths \| 1,350 sq.ft.	$400,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.74% Airbnb Rental Income: $1556 Traditional Rental Income: $2398 Airbnb ROI: 0.3% Traditional ROI: 3.74%
243 Arbor Dr Lake, MI Lake George Lakefront - Cute as can be, 2 bedroom, 3/4 bath, cottage on this all sports la...	2 beds \| 1 baths \| 612 sq.ft.	$250,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 1.57% Airbnb Rental Income: $611 Traditional Rental Income: $1021 Airbnb ROI: -1.39% Traditional ROI: 1.57%
7174 Oak Hollow Trl Lake, MI Escape to Northern Michigan with this charming cabin tucked away on a quiet dead-end road ...	2 beds \| 1 baths \| 768 sq.ft.	$115,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 9.12% Airbnb Rental Income: $712 Traditional Rental Income: $1385 Airbnb ROI: 0.3% Traditional ROI: 9.12%
5911 JACKSON Lake, MI Welcome to 5911 Jackson Avenue in Lake, Michigan! This charming 3-bedroom, 2-bath ranch, b...	3 beds \| 2 baths \| 1,080 sq.ft.	$185,000	Airbnb cash on cash: 3.7% Traditional cash on cash: 8.89% Airbnb Rental Income: $1556 Traditional Rental Income: $2020 Airbnb ROI: 3.7% Traditional ROI: 8.89%
2221 Grass Lake Ave #255 Lake, MI Waterfront Park Model on Loon Landing \| Sandy Shores Resort â Enjoy peaceful waterfront ...	2 beds \| 1 baths \| 710 sq.ft.	$114,255	Airbnb cash on cash: 0.93% Traditional cash on cash: 11.43% Airbnb Rental Income: $712 Traditional Rental Income: $1564 Airbnb ROI: 0.93% Traditional ROI: 11.43%
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.	$289,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 6.15% Airbnb Rental Income: $1556 Traditional Rental Income: $2221 Airbnb ROI: 2.07% Traditional ROI: 6.15%
7519 Stephen Ct Lake, MI Beautiful peaceful setting for this large family home with Lake access to private Big Norw...	3 beds \| 2 baths \| 1,664 sq.ft.	$199,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 9.99% Airbnb Rental Income: $1556 Traditional Rental Income: $2470 Airbnb ROI: 2.81% Traditional ROI: 9.99%
350 Lincoln Rd Lake, MI Nestled in the Lake George community next to two All-Sports Lakes this 3-bedroom, 2-bathro...	3 beds \| 2 baths \| 1,344 sq.ft.	$149,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 11.67% Airbnb Rental Income: $1556 Traditional Rental Income: $2126 Airbnb ROI: 4.57% Traditional ROI: 11.67%
5037 W Battle Road Lake, MI Peaceful, simple country living on 9.26 beautiful acres! This 2-bedroom, 1-bath barndomini...	2 beds \| 1 baths \| 1,056 sq.ft.	$249,900	Airbnb cash on cash: -1.2% Traditional cash on cash: 1.41% Airbnb Rental Income: $712 Traditional Rental Income: $1720 Airbnb ROI: -1.2% Traditional ROI: 1.41%
11190 South Shore Dr Lake, MI Welcome to Eight Point Lake! Year round or seasonal cottage, this 2 bedroom 2 bath home of...	2 beds \| 2 baths \| 1,214 sq.ft.	$380,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 3.62% Airbnb Rental Income: $712 Traditional Rental Income: $2159 Airbnb ROI: -1.3% Traditional ROI: 3.62%
10757 Cedar Road Lake, MI Your Up North Basecamp or Homestead Awaits! Escape to 20 wooded acres with this charming 2...	2 beds \| 2 baths \| 1,136 sq.ft.	$239,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.38% Airbnb Rental Income: $712 Traditional Rental Income: $1880 Airbnb ROI: -0.13% Traditional ROI: 6.38%
6495 Jackson Avenue Lake, MI The 40.3 +/- acre property is set up with the core features most buyers in Michigan are lo...	3 beds \| 2 baths \| 1,500 sq.ft.	$339,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 5.15% Airbnb Rental Income: $1556 Traditional Rental Income: $2252 Airbnb ROI: 1.56% Traditional ROI: 5.15%

Real Estate investment in Lake, MI

There are 42 properties for sale in the city of Lake . The median list price in Lake is $239,900 and the average price per square foot is $133. In April 2026, the average monthly cash on cash return in Lake is 7.00%. The average monthly rental income in Lake is $2,138.

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

There are 42 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 $2,138.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

11412 South Shore

Lake, MI

3 beds | 2 baths | 1,350 sq.ft.

$400,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $1556

Traditional Rental Income: $2414

Airbnb ROI: 0.92%

Traditional ROI: 4.41%

9523-25 Terry St

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%

1249 N Crooked Lake Dr

Lake, MI

9 beds | 4 baths | 3,164 sq.ft.

$649,000

Airbnb cash on cash: 0.67%

Traditional cash on cash: 1.72%

Airbnb Rental Income: $2306

Traditional Rental Income: $2364

Airbnb ROI: 0.67%

Traditional ROI: 1.72%

10429 Garfield Ave

Lake, MI

3 beds | 2 baths | 1,456 sq.ft.

$169,900

Airbnb cash on cash: 4.69%

Traditional cash on cash: 11.44%

Airbnb Rental Income: $1556

Traditional Rental Income: $2202

Airbnb ROI: 4.69%

Traditional ROI: 11.44%

10203 S Lake Station Ave

Lake, MI

4 beds | 2 baths | 4,496 sq.ft.

$315,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.25%

Airbnb Rental Income: $null

Traditional Rental Income: $2687

Airbnb ROI: N/A

Traditional ROI: 6.25%

10195 S Lake Station Ave

Lake, MI

8 beds | 4 baths | 8,128 sq.ft.

$519,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.38%

Airbnb Rental Income: $null

Traditional Rental Income: $3635

Airbnb ROI: N/A

Traditional ROI: 5.38%

10215 S Lake Station Ave

Lake, MI

4 beds | 2 baths | 3,744 sq.ft.

$318,900

Airbnb cash on cash: -0.96%

Traditional cash on cash: 6.62%

Airbnb Rental Income: $712

Traditional Rental Income: $2678

Airbnb ROI: -0.96%

Traditional ROI: 6.62%

11076 N Shore Dr

Lake, MI

4 beds | 3 baths | 3,062 sq.ft.

$673,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.4%

Airbnb Rental Income: $null

Traditional Rental Income: $3723

Airbnb ROI: N/A