Real Estate Investment Properties for Sale in Lake City, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
259 N Morey Road Lake City, MI Welcome to 259 N Morey Rd, Lake City, MI 49651! This 1.06-acre property is fully fenced, e...	3 beds \| 2 baths \| 2,356 sq.ft.	$235,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 9.57% Airbnb Rental Income: $731 Traditional Rental Income: $2596 Airbnb ROI: -0.22% Traditional ROI: 9.57%
215 N Huron Street Lake City, MI Cute and updated 3 bedroom 1 bathroom home in downtown Lake City on quiet street just down...	3 beds \| 1 baths \| 1,350 sq.ft.	$169,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 9.48% Airbnb Rental Income: $731 Traditional Rental Income: $1949 Airbnb ROI: 0.04% Traditional ROI: 9.48%
1385 S Bayberry Lane Lake City, MI Escape to your own slice of paradise with this enchanting chalet nestled on the shores of ...	3 beds \| 1 baths \| 1,230 sq.ft.	$379,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 3.8% Airbnb Rental Income: $731 Traditional Rental Income: $2168 Airbnb ROI: -1.12% Traditional ROI: 3.8%
7504 W Dakota Trail Lake City, MI Enjoy lakefront living on 110 ft. of private waterfront with sandy beach and shoreline on ...	5 beds \| 2 baths \| 3,330 sq.ft.	$594,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $2964 Airbnb ROI: N/A Traditional ROI: 3.63%
2121 E PHELPS ROAD Lake City, MI Charming Country Home on Acreage! Escape to this peaceful rural setting home. This prop...	3 beds \| 2 baths \| 1,346 sq.ft.	$279,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 6.15% Airbnb Rental Income: $731 Traditional Rental Income: $2130 Airbnb ROI: -0.33% Traditional ROI: 6.15%
1166 S Taxiway Foxtrot Lake City, MI Custom Built 4 bedroom 3 bath Ranch style home located in Home Acres Sky Ranch No. 4 airpo...	5 beds \| 3 baths \| 3,800 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.24% Airbnb Rental Income: $null Traditional Rental Income: $3282 Airbnb ROI: N/A Traditional ROI: 3.24%
861 N Green Road Lake City, MI Welcome to your one-of-a-kind, dream home in the heart of Northern MI! This exquisite 4-be...	4 beds \| 4 baths \| 2,990 sq.ft.	$874,000	Airbnb cash on cash: 5.35% Traditional cash on cash: 3.13% Airbnb Rental Income: $6845 Traditional Rental Income: $3706 Airbnb ROI: 5.35% Traditional ROI: 3.13%
971 Al Moses Lake City, MI Check out this spacious home on 6 acres! This home has a TON of storage, and has endless p...	5 beds \| 3 baths \| 3,400 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.97% Airbnb Rental Income: $null Traditional Rental Income: $3373 Airbnb ROI: N/A Traditional ROI: 10.97%
1991 S Morey Road Lake City, MI The iconic "Cobblestone Station" that welcomes you to the south end of Lake City offers a ...	N/A beds \| N/A baths \| 2,151 sq.ft.	$299,900	Airbnb cash on cash: -1.08% Traditional cash on cash: 4.43% Airbnb Rental Income: $600 Traditional Rental Income: $1866 Airbnb ROI: -1.08% Traditional ROI: 4.43%
209 N Pine Street Lake City, MI Own a piece of Lake City history and step into this updated historical, seasonal home one ...	5 beds \| 2 baths \| 1,713 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.88% Airbnb Rental Income: $null Traditional Rental Income: $2648 Airbnb ROI: N/A Traditional ROI: 11.88%
1614 E Walker Road Lake City, MI 40 wooded acres is the private setting for this 3 bedroom 2 bath home. 1/2 log house sidin...	3 beds \| 2 baths \| 1,792 sq.ft.	$340,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 5.64% Airbnb Rental Income: $731 Traditional Rental Income: $2444 Airbnb ROI: -0.69% Traditional ROI: 5.64%
5485 Riverview Drive Lake City, MI WELCOME HOME to a place that has so much to offer! Nestled along 250 ft of pristine fronta...	4 beds \| 3 baths \| 2,800 sq.ft.	$579,900	Airbnb cash on cash: 8.57% Traditional cash on cash: 4.51% Airbnb Rental Income: $6845 Traditional Rental Income: $3315 Airbnb ROI: 8.57% Traditional ROI: 4.51%
10423 W Rosted Road Lake City, MI Discover this charming 3-bedroom, 2-bathroom home nestled on a serene 1.5-acre property si...	3 beds \| 2 baths \| 1,584 sq.ft.	$179,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 10.52% Airbnb Rental Income: $731 Traditional Rental Income: $2324 Airbnb ROI: -0.6% Traditional ROI: 10.52%
5500 W Houghton Lake Road Lake City, MI Location Location Location.....Charming older farmhouse located just outside of the city l...	2 beds \| 1 baths \| 1,344 sq.ft.	$225,000	Airbnb cash on cash: 5.12% Traditional cash on cash: 5.98% Airbnb Rental Income: $2036 Traditional Rental Income: $1691 Airbnb ROI: 5.12% Traditional ROI: 5.98%
4635 E Houghton Lake Road Lake City, MI This 5-bedroom, 4-bath ranch-style home is a true gem, set on 15 acres of versatile land, ...	5 beds \| 4 baths \| 3,629 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.37% Airbnb Rental Income: $null Traditional Rental Income: $3887 Airbnb ROI: N/A Traditional ROI: 9.37%
11061 W Kelly Lake City, MI Charming Setting for this 3 Bedroom, 1 1/2 Bath home with 2 car detached garage with a sto...	3 beds \| 2 baths \| 1,056 sq.ft.	$189,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 8.61% Airbnb Rental Income: $731 Traditional Rental Income: $1911 Airbnb ROI: 0.35% Traditional ROI: 8.61%
1905 S Arbutus Avenue Lake City, MI Welcome to 1905 S Arbutus and shared access to beautiful Lake Missaukee. 1,880 acre, all s...	3 beds \| 2 baths \| 1,352 sq.ft.	$284,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 7.02% Airbnb Rental Income: $731 Traditional Rental Income: $2396 Airbnb ROI: -0.34% Traditional ROI: 7.02%
6472 W Fairlane Drive Lake City, MI Charming 2 bed 2 bath log cottage within steps of the public park and boat launch of Lake ...	2 beds \| 2 baths \| 1,326 sq.ft.	$269,900	Airbnb cash on cash: 3.04% Traditional cash on cash: 5.19% Airbnb Rental Income: $2036 Traditional Rental Income: $2055 Airbnb ROI: 3.04% Traditional ROI: 5.19%
2901 S Vandermeulen Road Lake City, MI 3 bedroom 2 bath home sits on a 5 acre (m/l) corner lot with a beautiful yard. There is a ...	3 beds \| 2 baths \| 1,692 sq.ft.	$209,900	Airbnb cash on cash: -0.16% Traditional cash on cash: 10.86% Airbnb Rental Income: $731 Traditional Rental Income: $2613 Airbnb ROI: -0.16% Traditional ROI: 10.86%
5851 E Houghton Lake Road Lake City, MI 75 ACRES! Unique and Incredible opportunity that doesn't come along every day! 2 HOUSES an...	2 beds \| 1 baths \| 1,196 sq.ft.	$375,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 2.1% Airbnb Rental Income: $2036 Traditional Rental Income: $1783 Airbnb ROI: 1.32% Traditional ROI: 2.1%

Real Estate investment in Lake-city, MI

There are 20 properties for sale in the city of Lake City . The median list price in Lake City is $252,450 and the average price per square foot is $133. In November 2024, the average monthly cash on cash return in Lake City is 9.00%. The average monthly rental income in Lake City is $2,246.

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

There are 20 investment properties available for sale in Lake-city.

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

The ROI for Long-Term is higher than the Short-Term in Lake-city with average rental income of $2,246.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MI

259 N Morey Road

Lake City, MI

3 beds | 2 baths | 2,356 sq.ft.

$235,000

Airbnb cash on cash: -0.22%

Traditional cash on cash: 9.57%

Airbnb Rental Income: $731

Traditional Rental Income: $2596

Airbnb ROI: -0.22%

Traditional ROI: 9.57%

215 N Huron Street

Lake City, MI

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

$169,900

Airbnb cash on cash: 0.04%

Traditional cash on cash: 9.48%

Airbnb Rental Income: $731

Traditional Rental Income: $1949

Airbnb ROI: 0.04%

Traditional ROI: 9.48%

1385 S Bayberry Lane

Lake City, MI

3 beds | 1 baths | 1,230 sq.ft.

$379,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $731

Traditional Rental Income: $2168

Airbnb ROI: -1.12%

Traditional ROI: 3.8%

7504 W Dakota Trail

Lake City, MI

5 beds | 2 baths | 3,330 sq.ft.

$594,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.63%

Airbnb Rental Income: $null

Traditional Rental Income: $2964

Airbnb ROI: N/A

Traditional ROI: 3.63%

2121 E PHELPS ROAD

Lake City, MI

3 beds | 2 baths | 1,346 sq.ft.

$279,900

Airbnb cash on cash: -0.33%

Traditional cash on cash: 6.15%

Airbnb Rental Income: $731

Traditional Rental Income: $2130

Airbnb ROI: -0.33%

Traditional ROI: 6.15%

1166 S Taxiway Foxtrot

Lake City, MI

5 beds | 3 baths | 3,800 sq.ft.

$699,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.24%

Airbnb Rental Income: $null

Traditional Rental Income: $3282

Airbnb ROI: N/A

Traditional ROI: 3.24%

861 N Green Road

Lake City, MI

4 beds | 4 baths | 2,990 sq.ft.

$874,000

Airbnb cash on cash: 5.35%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $6845

Traditional Rental Income: $3706

Airbnb ROI: 5.35%

Traditional ROI: 3.13%

971 Al Moses

Lake City, MI

5 beds | 3 baths | 3,400 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.97%

Airbnb Rental Income: $null

Traditional Rental Income: $3373

Airbnb ROI: N/A