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.

Single Family Homes for Sale in Lake, MI

Search for Single Family Residential for Sale in Lake, 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 20 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
441 Hillcrest Drive Lake, MI Welcome to your up north getaway! Just steps away from all-sport Crooked Lake this 3 bedro...	3 beds \| 2 baths \| 1,400 sq.ft.	$184,900	Airbnb cash on cash: 8% Traditional cash on cash: 9.47% Airbnb Rental Income: $2368 Traditional Rental Income: $2043 Airbnb ROI: 8% Traditional ROI: 9.47%
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%
4490 Ridgeway 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.	$289,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 3.56% Airbnb Rental Income: $2368 Traditional Rental Income: $1771 Airbnb ROI: 3.61% Traditional ROI: 3.56%
10203 S Lake Station 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.	$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 Cr...	8 beds \| 4 baths \| 8,128 sq.ft.	$598,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 4.55% Airbnb Rental Income: $5803 Traditional Rental Income: $3635 Airbnb ROI: 6.36% Traditional ROI: 4.55%
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.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $2678 Airbnb ROI: N/A Traditional ROI: 5.43%
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: 6.35% Traditional cash on cash: 9.22% Airbnb Rental Income: $2368 Traditional Rental Income: $2388 Airbnb ROI: 6.35% Traditional ROI: 9.22%
6364 Joanne Street 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.	$299,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 5.14% Airbnb Rental Income: $702 Traditional Rental Income: $1935 Airbnb ROI: -0.33% Traditional ROI: 5.14%
10365 Cadillac Drive 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: 7.61% Traditional cash on cash: 10.1% Airbnb Rental Income: $2368 Traditional Rental Income: $2221 Airbnb ROI: 7.61% Traditional ROI: 10.1%
6651 Tamarack Roads Lake, MI MOTIVATED SELLER- Immediate occupancy check out This is a ranch style home with a walk-out...	2 beds \| 3 baths \| 1,600 sq.ft.	$425,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 3.98% Airbnb Rental Income: $702 Traditional Rental Income: $2350 Airbnb ROI: -0.93% Traditional ROI: 3.98%
8033 Rolling Drive Lake, MI Tucked back on a spacious 3 acre corner shaded lot you can find this 1280 sq ft 3 bed 2 ba...	3 beds \| 2 baths \| 1,280 sq.ft.	$158,000	Airbnb cash on cash: 9.64% Traditional cash on cash: 11.92% Airbnb Rental Income: $2368 Traditional Rental Income: $2129 Airbnb ROI: 9.64% Traditional ROI: 11.92%
10921 N Shore Drive Lake, MI With 125 feet of sandy frontage, over an acre of land, and a complete 2023 renovation, thi...	3 beds \| 2 baths \| 1,405 sq.ft.	$565,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2% Airbnb Rental Income: $2368 Traditional Rental Income: $2452 Airbnb ROI: 0.73% Traditional ROI: 2%
646 E Forest Boulevard Lake, MI Fifty feet of Lake George frontage and nearly 300 feet of depth " two parcels that create ...	1 beds \| 1 baths \| 694 sq.ft.	$295,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 3.2% Airbnb Rental Income: $1113 Traditional Rental Income: $1477 Airbnb ROI: 0.54% Traditional ROI: 3.2%
8938 Gibson Avenue Lake, MI Welcome to peaceful country living at 8938 Gibson Ave in Lake, Michigan. This charming 3 b...	3 beds \| 1 baths \| 1,192 sq.ft.	$154,900	Airbnb cash on cash: 9.62% Traditional cash on cash: 9.41% Airbnb Rental Income: $2368 Traditional Rental Income: $1753 Airbnb ROI: 9.62% Traditional ROI: 9.41%
11412 S Shore Drive 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.	$375,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 4.05% Airbnb Rental Income: $2368 Traditional Rental Income: $2398 Airbnb ROI: 2.31% Traditional ROI: 4.05%
7519 Stephen 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.	$194,900	Airbnb cash on cash: 6.6% Traditional cash on cash: 10.3% Airbnb Rental Income: $2368 Traditional Rental Income: $2470 Airbnb ROI: 6.6% Traditional ROI: 10.3%
11180 Alpine Drive Lake, MI POSSIBLE YEAR ROUND UP NORTH RETREAT ON GRAY LAKE! Lovely little gem situated on 57' of wa...	2 beds \| 1 baths \| 1,000 sq.ft.	$175,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 7.68% Airbnb Rental Income: $702 Traditional Rental Income: $1751 Airbnb ROI: -0.41% Traditional ROI: 7.68%
314 Oak Tree Lake, MI Knotty pine cottage With walking distance to waters edge at the end of Oak Tree for swimmi...	2 beds \| 1 baths \| 612 sq.ft.	$152,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.44% Airbnb Rental Income: $702 Traditional Rental Income: $1272 Airbnb ROI: 0.42% Traditional ROI: 6.44%

Your search for investment property begins and ends here

Single Family Homes for Sale in Lake, MI

441 Hillcrest Drive

Lake, MI

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

$184,900

Airbnb cash on cash: 8%

Traditional cash on cash: 9.47%

Airbnb Rental Income: $2368

Traditional Rental Income: $2043

Airbnb ROI: 8%

Traditional ROI: 9.47%

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%

4490 Ridgeway

Lake, MI

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

$289,000

Airbnb cash on cash: 3.61%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2368

Traditional Rental Income: $1771

Airbnb ROI: 3.61%

Traditional ROI: 3.56%

10203 S Lake Station

Lake, MI

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

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

$598,000

Airbnb cash on cash: 6.36%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $5803

Traditional Rental Income: $3635

Airbnb ROI: 6.36%

Traditional ROI: 4.55%

10215 S Lake Station

Lake, MI

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

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2678

Airbnb ROI: N/A

Traditional ROI: 5.43%

4280 Birch Drive

Lake, MI

3 beds | 2 baths | 1,584 sq.ft.

$222,000

Airbnb cash on cash: 6.35%

Traditional cash on cash: 9.22%

Airbnb Rental Income: $2368

Traditional Rental Income: $2388

Airbnb ROI: 6.35%

Traditional ROI: 9.22%

6364 Joanne Street

Lake, MI

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

$299,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $702

Traditional Rental Income: $1935

Airbnb ROI: -0.33%