Real Estate Investment Properties for Sale in Houghton Lake, MI

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

Explore a variety of short-term homes & houses in Houghton Lake, MI. Invest wisely with VRBO & Houghton 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 Houghton Lake, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
103 Alma Houghton Lake, MI Welcome to your new spacious home located in a prime area just steps away from Houghton La...	3 beds \| 2 baths \| 1,512 sq.ft.	$185,000	Airbnb cash on cash: 6.43% Traditional cash on cash: 9.48% Airbnb Rental Income: $2226 Traditional Rental Income: $2203 Airbnb ROI: 6.43% Traditional ROI: 9.48%
6376 Rhodes Road Houghton Lake, MI Beautiful new 2,500 sq ft home on 12 hardwood acres just a few miles from gorgeous Houghto...	4 beds \| 3 baths \| 3,200 sq.ft.	$599,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.12% Airbnb Rental Income: $2540 Traditional Rental Income: $3209 Airbnb ROI: 1.83% Traditional ROI: 4.12%
1500 Goldenrod Houghton Lake, MI HOUGHTON LAKE FOREST ESTATES! Here is your Up North get away or all yearlong Chalet home! ...	3 beds \| 2 baths \| 1,680 sq.ft.	$234,900	Airbnb cash on cash: 5.44% Traditional cash on cash: 8.85% Airbnb Rental Income: $2226 Traditional Rental Income: $2424 Airbnb ROI: 5.44% Traditional ROI: 8.85%
209 Boatman Road Houghton Lake, MI This immaculate 4-bedroom, 3-bath ranch home is located in a quiet, family-friendly neighb...	4 beds \| 3 baths \| 2,528 sq.ft.	$299,900	Airbnb cash on cash: 3.98% Traditional cash on cash: 8.22% Airbnb Rental Income: $2540 Traditional Rental Income: $3127 Airbnb ROI: 3.98% Traditional ROI: 8.22%
2230 Long Point Drive Houghton Lake, MI Located on prestigious Long Point Drive, this beautifully updated canal-front home offers ...	3 beds \| 2 baths \| 1,550 sq.ft.	$435,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.19% Airbnb Rental Income: $2226 Traditional Rental Income: $2423 Airbnb ROI: 1.34% Traditional ROI: 3.19%
129 Rapson Avenue Houghton Lake, MI This Beautiful 3-bedroom, 1 bath home features an open concept with vault ceilings great f...	3 beds \| 1 baths \| 1,430 sq.ft.	$189,900	Airbnb cash on cash: 6.2% Traditional cash on cash: 8.27% Airbnb Rental Income: $2226 Traditional Rental Income: $2040 Airbnb ROI: 6.2% Traditional ROI: 8.27%
7883 E Houghton Lake Drive Houghton Lake, MI Amazing Income Producing Waterfront. Chalet 2-bed/2-bath on Houghton Lake with 40' of fron...	2 beds \| 2 baths \| 1,035 sq.ft.	$428,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 2.78% Airbnb Rental Income: $1637 Traditional Rental Income: $2039 Airbnb ROI: 0.62% Traditional ROI: 2.78%
203 Homestead Road Houghton Lake, MI Updated 1696 sf ranch on an extra large (150x200') corner lot. It's the best of both worl...	3 beds \| 2 baths \| 1,696 sq.ft.	$189,900	Airbnb cash on cash: 6.63% Traditional cash on cash: 11.22% Airbnb Rental Income: $2226 Traditional Rental Income: $2494 Airbnb ROI: 6.63% Traditional ROI: 11.22%
12225 E HOUGHTON LAKE DRIVE Houghton Lake, MI Breathtaking Lakefront Living on Houghton Lake! Experience the epitome of luxury with 101 ...	3 beds \| 3 baths \| 2,684 sq.ft.	$759,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 2.72% Airbnb Rental Income: $2226 Traditional Rental Income: $3226 Airbnb ROI: 0.52% Traditional ROI: 2.72%
6891 E Houghton Lake Drive #8 Houghton Lake, MI Lakefront Special!!! Shared Lakefront with docking and mooring rights!! Great association ...	2 beds \| 1 baths \| 560 sq.ft.	$134,900	Airbnb cash on cash: 5.76% Traditional cash on cash: 7.53% Airbnb Rental Income: $1637 Traditional Rental Income: $1405 Airbnb ROI: 5.76% Traditional ROI: 7.53%
5287 W Houghton Lake Drive Houghton Lake, MI An established short-term rental, this home can be your year-round home, an income investm...	4 beds \| 3 baths \| 1,904 sq.ft.	$279,900	Airbnb cash on cash: 5.24% Traditional cash on cash: 8.88% Airbnb Rental Income: $2540 Traditional Rental Income: $2886 Airbnb ROI: 5.24% Traditional ROI: 8.88%
5306 W Houghton Lake Drive Houghton Lake, MI Located in the heart of town, these two turn key cottages have recently been introduced as...	4 beds \| 2 baths \| 1,330 sq.ft.	$499,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 1.66% Airbnb Rental Income: $2540 Traditional Rental Income: $1752 Airbnb ROI: 2.04% Traditional ROI: 1.66%
1219 Goldenrod Drive Houghton Lake, MI Don't miss out on this HOUGHTON LAKE FOREST ESTATES GEM. Great home for year-round living ...	4 beds \| 1 baths \| 1,800 sq.ft.	$199,900	Airbnb cash on cash: 8.08% Traditional cash on cash: 9.63% Airbnb Rental Income: $2540 Traditional Rental Income: $2221 Airbnb ROI: 8.08% Traditional ROI: 9.63%
126 Clearview Drive Houghton Lake, MI 200' of Lakefront on Houghton Lake, a very rare find. Solid built, full brick home in need...	3 beds \| 2 baths \| 2,371 sq.ft.	$599,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.04% Airbnb Rental Income: $2226 Traditional Rental Income: $2901 Airbnb ROI: 0.83% Traditional ROI: 3.04%
6366 W Houghton Lake Drive #7/8 Houghton Lake, MI Welcome to your year-round retreat in Houghton Lake! This delightful 2-bedroom, 2-bathroom...	2 beds \| 2 baths \| 800 sq.ft.	$129,900	Airbnb cash on cash: 5.3% Traditional cash on cash: 8.13% Airbnb Rental Income: $1637 Traditional Rental Income: $1529 Airbnb ROI: 5.3% Traditional ROI: 8.13%
5167 E Houghton Lake Drive Houghton Lake, MI Welcome to 5167 E. Houghton Lk. Dr. Houghton Lake, Michigan. Beautiful Houghton Lake offer...	3 beds \| 3 baths \| 1,930 sq.ft.	$289,900	Airbnb cash on cash: 3.61% Traditional cash on cash: 9.27% Airbnb Rental Income: $2226 Traditional Rental Income: $3211 Airbnb ROI: 3.61% Traditional ROI: 9.27%
2457 S Townline Road Houghton Lake, MI REDUCED!!Deeded Water access allowing you to dock your boat & stunning lake views of Hough...	4 beds \| 2 baths \| 1,536 sq.ft.	$264,900	Airbnb cash on cash: 5.74% Traditional cash on cash: 7.65% Airbnb Rental Income: $2540 Traditional Rental Income: $2407 Airbnb ROI: 5.74% Traditional ROI: 7.65%
3398 S Tower Hill Road Houghton Lake, MI Welcome to your serene retreat nestled amidst the elegance of nature. As you step into thi...	2 beds \| 2 baths \| 1,188 sq.ft.	$140,000	Airbnb cash on cash: 6.24% Traditional cash on cash: 11.34% Airbnb Rental Income: $1637 Traditional Rental Income: $1860 Airbnb ROI: 6.24% Traditional ROI: 11.34%
207 BUTTERFIELD Lane Houghton Lake, MI Charming ranch home in a quiet subdivision just a mile and half from Michigan's playground...	3 beds \| 1 baths \| 1,100 sq.ft.	$199,900	Airbnb cash on cash: 6.43% Traditional cash on cash: 7.33% Airbnb Rental Income: $2226 Traditional Rental Income: $1838 Airbnb ROI: 6.43% Traditional ROI: 7.33%
10360 West Shore Drive Houghton Lake, MI Exceptional Houghton Lake setting, featuring a 3 BR 2.5 bath home that sets directly on th...	3 beds \| 3 baths \| 1,800 sq.ft.	$1,775,000	Airbnb cash on cash: -1.58% Traditional cash on cash: -0.66% Airbnb Rental Income: $2226 Traditional Rental Income: $3172 Airbnb ROI: -1.58% Traditional ROI: -0.66%
120 Marina Street Houghton Lake, MI ONE YEAR HOME WARRANTY INCLUDED!!! Sitting on a peninsula with access to the deepest cana...	5 beds \| 3 baths \| 2,600 sq.ft.	$279,000	Airbnb cash on cash: 7.2% Traditional cash on cash: 10.63% Airbnb Rental Income: $3191 Traditional Rental Income: $3371 Airbnb ROI: 7.2% Traditional ROI: 10.63%
925 S Loxley Road Houghton Lake, MI Spacious 5 bedroom home.. a rare find. Giant living room and huge open air kitchen. Sunr...	5 beds \| 2 baths \| 2,200 sq.ft.	$229,000	Airbnb cash on cash: 9.42% Traditional cash on cash: 11.05% Airbnb Rental Income: $3191 Traditional Rental Income: $2825 Airbnb ROI: 9.42% Traditional ROI: 11.05%
9304 Mead Road Houghton Lake, MI Discover this charming 2-bedroom, 1-bath cozy cabin conveniently located near Houghton Lak...	2 beds \| 1 baths \| 704 sq.ft.	$144,900	Airbnb cash on cash: 5.47% Traditional cash on cash: 6.9% Airbnb Rental Income: $1637 Traditional Rental Income: $1373 Airbnb ROI: 5.47% Traditional ROI: 6.9%
147 Winding Drive Houghton Lake, MI Welcome to this charming 3-bedroom, 2-bath home located in a wonderful family-friendly nei...	3 beds \| 2 baths \| 1,500 sq.ft.	$274,900	Airbnb cash on cash: 4.41% Traditional cash on cash: 7.02% Airbnb Rental Income: $2226 Traditional Rental Income: $2342 Airbnb ROI: 4.41% Traditional ROI: 7.02%
116 Miami Drive Houghton Lake, MI Luxury canal front. Newly remodeled flooring, windows, interior and exterior walls, cabine...	2 beds \| 2 baths \| 1,472 sq.ft.	$410,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 3.8% Airbnb Rental Income: $1637 Traditional Rental Income: $2113 Airbnb ROI: 1.36% Traditional ROI: 3.8%
112 McKee Street Houghton Lake, MI Finally a place for a pole barn! This property is situated on 3 lots. Nice ranch with re...	2 beds \| 2 baths \| 936 sq.ft.	$184,900	Airbnb cash on cash: 3.12% Traditional cash on cash: 8.45% Airbnb Rental Income: $1323 Traditional Rental Income: $1852 Airbnb ROI: 3.12% Traditional ROI: 8.45%
1403 Houghton View Drive Houghton Lake, MI Discover this quaint 2-bedroom cottage, perfectly situated just across the street from bea...	2 beds \| 1 baths \| 800 sq.ft.	$159,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 6.84% Airbnb Rental Income: $1637 Traditional Rental Income: $1513 Airbnb ROI: 4.62% Traditional ROI: 6.84%
350 MICHELSON Road Houghton Lake, MI Exceptional Investment Opportunity! Income-Generating Property! This property, located alo...	4 beds \| 2 baths \| 1,500 sq.ft.	$349,900	Airbnb cash on cash: 4.16% Traditional cash on cash: 5.32% Airbnb Rental Income: $2540 Traditional Rental Income: $2311 Airbnb ROI: 4.16% Traditional ROI: 5.32%
312 Huron Houghton Lake, MI Nestled in the heart of town, this charming 2-bedroom, 2-bath ranch offers comfortable liv...	2 beds \| 2 baths \| 1,500 sq.ft.	$179,900	Airbnb cash on cash: 3.81% Traditional cash on cash: 9.29% Airbnb Rental Income: $1637 Traditional Rental Income: $2114 Airbnb ROI: 3.81% Traditional ROI: 9.29%
107 Pepperell Avenue Houghton Lake, MI TWO LIVING AREAS, FULLY FINISHED WALKOUT BASEMENT, AND HOME WARRANTY! With main and lower ...	4 beds \| 3 baths \| 3,000 sq.ft.	$379,900	Airbnb cash on cash: 3.45% Traditional cash on cash: 7% Airbnb Rental Income: $2540 Traditional Rental Income: $3194 Airbnb ROI: 3.45% Traditional ROI: 7%
103 Beech Street Houghton Lake, MI Discover the endless possibilities with this charming 2-bedroom, 1-bathroom house situated...	2 beds \| 1 baths \| 760 sq.ft.	$119,000	Airbnb cash on cash: 6.92% Traditional cash on cash: 9.86% Airbnb Rental Income: $1637 Traditional Rental Income: $1513 Airbnb ROI: 6.92% Traditional ROI: 9.86%
1321 E Houghton Lake Drive Houghton Lake, MI 70 ft of water frontage on this Houghton Lake East bay location!! Sunsets are incredible w...	3 beds \| 2 baths \| 1,344 sq.ft.	$489,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 3.13% Airbnb Rental Income: $2226 Traditional Rental Income: $2474 Airbnb ROI: 1.36% Traditional ROI: 3.13%
3873 Tower Hill Road Houghton Lake, MI This meticulously maintained home speaks for itself! Move in ready! Home offers 2 bedroo...	2 beds \| 2 baths \| 1,100 sq.ft.	$199,900	Airbnb cash on cash: 3.62% Traditional cash on cash: 6.4% Airbnb Rental Income: $1637 Traditional Rental Income: $1702 Airbnb ROI: 3.62% Traditional ROI: 6.4%
3113 Long Point Drive Houghton Lake, MI Beautiful views of the sunset comes with this 120 feet on Houghton Lake! The lot on the l...	3 beds \| 2 baths \| 1,464 sq.ft.	$749,900	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.98% Airbnb Rental Income: $2226 Traditional Rental Income: $2548 Airbnb ROI: -0.28% Traditional ROI: 0.98%
3113 Long Point Houghton Lake, MI Beautiful views of the sunset comes with this 120 feet on Houghton Lake! The lot on the l...	3 beds \| 2 baths \| 1,464 sq.ft.	$749,900	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.96% Airbnb Rental Income: $2226 Traditional Rental Income: $2534 Airbnb ROI: -0.28% Traditional ROI: 0.96%
107 Hardwood Avenue Houghton Lake, MI Welcome to this cozy abode just 1 block from Houghton Lake. Perfect location for hunting o...	2 beds \| 1 baths \| 618 sq.ft.	$123,900	Airbnb cash on cash: 7.19% Traditional cash on cash: 8.43% Airbnb Rental Income: $1637 Traditional Rental Income: $1324 Airbnb ROI: 7.19% Traditional ROI: 8.43%
7903 E Houghton Lake Drive Houghton Lake, MI Beautiful home located on Houghton Lake's North Shore. 3 bedroom, 2 bath home with large s...	3 beds \| 2 baths \| 1,641 sq.ft.	$509,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.77% Airbnb Rental Income: $2226 Traditional Rental Income: $2613 Airbnb ROI: 0.78% Traditional ROI: 2.77%
126 Bryan J Drive Houghton Lake, MI Welcome to beautiful Houghton Lake! This 3 bed 3 bath home on desirable Bryan J Drive, has...	3 beds \| 3 baths \| 1,650 sq.ft.	$409,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.88% Airbnb Rental Income: $2226 Traditional Rental Income: $2668 Airbnb ROI: 2.27% Traditional ROI: 4.88%
895 E Houghton Lake Drive Houghton Lake, MI Welcome to your dream lakefront home on Houghton Lake! This stunning residence offers 75ft...	4 beds \| 3 baths \| 2,375 sq.ft.	$1,499,000	Airbnb cash on cash: -1.22% Traditional cash on cash: -0.35% Airbnb Rental Income: $2540 Traditional Rental Income: $3128 Airbnb ROI: -1.22% Traditional ROI: -0.35%
124 Pinewood Avenue Houghton Lake, MI TURN KEY! Two bedroom, 1 bath home sitting on 3 lots with views of the lake. Home has bee...	2 beds \| 1 baths \| 840 sq.ft.	$159,900	Airbnb cash on cash: 4.58% Traditional cash on cash: 6.97% Airbnb Rental Income: $1637 Traditional Rental Income: $1541 Airbnb ROI: 4.58% Traditional ROI: 6.97%

Real Estate investment in Houghton-lake, MI

There are 60 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $205,000 and the average price per square foot is $131. In November 2024, the average monthly cash on cash return in Houghton Lake is 8.00%. The average monthly rental income in Houghton Lake is $2,342.

Houghton-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 60 investment properties available for sale in Houghton-lake.

In 2024, the best neighborhood to buy investment property is Houghton Lake.

The ROI for Long-Term is higher than the Short-Term in Houghton-lake with average rental income of $2,342.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

103 Alma

Houghton Lake, MI

3 beds | 2 baths | 1,512 sq.ft.

$185,000

Airbnb cash on cash: 6.43%

Traditional cash on cash: 9.48%

Airbnb Rental Income: $2226

Traditional Rental Income: $2203

Airbnb ROI: 6.43%

Traditional ROI: 9.48%

6376 Rhodes Road

Houghton Lake, MI

4 beds | 3 baths | 3,200 sq.ft.

$599,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 4.12%

Airbnb Rental Income: $2540

Traditional Rental Income: $3209

Airbnb ROI: 1.83%

Traditional ROI: 4.12%

1500 Goldenrod

Houghton Lake, MI

3 beds | 2 baths | 1,680 sq.ft.

$234,900

Airbnb cash on cash: 5.44%

Traditional cash on cash: 8.85%

Airbnb Rental Income: $2226

Traditional Rental Income: $2424

Airbnb ROI: 5.44%

Traditional ROI: 8.85%

209 Boatman Road

Houghton Lake, MI

4 beds | 3 baths | 2,528 sq.ft.

$299,900

Airbnb cash on cash: 3.98%

Traditional cash on cash: 8.22%

Airbnb Rental Income: $2540

Traditional Rental Income: $3127

Airbnb ROI: 3.98%

Traditional ROI: 8.22%

2230 Long Point Drive

Houghton Lake, MI

3 beds | 2 baths | 1,550 sq.ft.

$435,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 3.19%

Airbnb Rental Income: $2226

Traditional Rental Income: $2423

Airbnb ROI: 1.34%

Traditional ROI: 3.19%

129 Rapson Avenue

Houghton Lake, MI

3 beds | 1 baths | 1,430 sq.ft.

$189,900

Airbnb cash on cash: 6.2%

Traditional cash on cash: 8.27%

Airbnb Rental Income: $2226

Traditional Rental Income: $2040

Airbnb ROI: 6.2%

Traditional ROI: 8.27%

7883 E Houghton Lake Drive

Houghton Lake, MI

2 beds | 2 baths | 1,035 sq.ft.

$428,000

Airbnb cash on cash: 0.62%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $1637

Traditional Rental Income: $2039

Airbnb ROI: 0.62%

Traditional ROI: 2.78%

203 Homestead Road

Houghton Lake, MI

3 beds | 2 baths | 1,696 sq.ft.

$189,900

Airbnb cash on cash: 6.63%

Traditional cash on cash: 11.22%

Airbnb Rental Income: $2226

Traditional Rental Income: $2494

Airbnb ROI: 6.63%