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
8200 Ludington Drive Lake, MI Location location! This commercial/residential combo is set up on the busiest corner in th...	2 beds \| 1 baths \| 1,000 sq.ft.	$200,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 5.72% Airbnb Rental Income: $1583 Traditional Rental Income: $1504 Airbnb ROI: 3.75% Traditional ROI: 5.72%
3230 PINEHURST Lake, MI Lake of the Pines awaits your family fun and new beginning! Location is everything! This...	3 beds \| 2 baths \| 1,260 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.01% Airbnb Rental Income: $null Traditional Rental Income: $2120 Airbnb ROI: N/A Traditional ROI: 8.01%
11147 N Shore Lake, MI Retreat to this home on shoreline of 8 Point Lake, located in prestigious Silver Beach Sh...	5 beds \| 4 baths \| 2,636 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $3512 Airbnb ROI: N/A Traditional ROI: 6.06%
1249 N CROOKED LAKE Drive Lake, MI Welcome to your new vacation spot on beautiful Crooked Lake! Unique waterfront property wi...	3 beds \| 1 baths \| 3,164 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.21% Airbnb Rental Income: $null Traditional Rental Income: $2364 Airbnb ROI: N/A Traditional ROI: 1.21%
9795 Lake Station Avenue Lake, MI Price improvement on this opportunity to live and/or work in a Pure Michigan lakeside comm...	2 beds \| 2 baths \| 2,000 sq.ft.	$435,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.35% Airbnb Rental Income: $1583 Traditional Rental Income: $2592 Airbnb ROI: 0.76% Traditional ROI: 4.35%
9715 Cadillac Lake, MI MOTIVATED SELLERS!! Open floor plan, large rooms, and ADA accessible space make this nearl...	4 beds \| 2 baths \| 2,560 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.16% Airbnb Rental Income: $null Traditional Rental Income: $2746 Airbnb ROI: N/A Traditional ROI: 6.16%
10660 Alpine Lake, MI Welcome to Gray Lake! This property has 175 feet of frontage on Gray Lake, a no wake lake,...	3 beds \| 1 baths \| 660 sq.ft.	$126,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.27% Airbnb Rental Income: $null Traditional Rental Income: $1653 Airbnb ROI: N/A Traditional ROI: 10.27%
6066 Shadowbrook Lake, MI Fantastic find tucked in the trees at Lake of the Pines Lovely Chalet home with 3BD 2 BA v...	3 beds \| 2 baths \| 1,468 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $2247 Airbnb ROI: N/A Traditional ROI: 7.77%
4355 Birch Street Lake, MI Welcome to your dream getaway! Nestled on the serene shores of Littlefield All-Sports Lake...	2 beds \| 1 baths \| 870 sq.ft.	$140,000	Airbnb cash on cash: 5.22% Traditional cash on cash: 9.69% Airbnb Rental Income: $1583 Traditional Rental Income: $1731 Airbnb ROI: 5.22% Traditional ROI: 9.69%
8981 Alley Street Lake, MI CUTE AND FUNCTIONAL ON THE OUTSIDE, ADORABLE AND RUSTIC ON THE INSIDE! KNOTTY PINE INTERIO...	2 beds \| 1 baths \| 825 sq.ft.	$150,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 10% Airbnb Rental Income: $1583 Traditional Rental Income: $1788 Airbnb ROI: 5.41% Traditional ROI: 10%
5909 W Bringold Lake, MI Lots of potential for this 12+- acres country setting, home sits away from the main road o...	3 beds \| 1 baths \| 1,411 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $1983 Airbnb ROI: N/A Traditional ROI: 8.84%
5892 Woodland Lake, MI This one bed room one bath A-Frame has an all wood interior with wood stove, cathedral cei...	1 beds \| 1 baths \| 360 sq.ft.	$82,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.86% Airbnb Rental Income: $null Traditional Rental Income: $1179 Airbnb ROI: N/A Traditional ROI: 10.86%
6375 JOANNE Street Lake, MI A little slice of heaven awaits! Nestled on a picturesque 15.5 acres alongside the serene...	2 beds \| 2 baths \| 1,676 sq.ft.	$265,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 7.89% Airbnb Rental Income: $1583 Traditional Rental Income: $2605 Airbnb ROI: 1.99% Traditional ROI: 7.89%
6655 Cedarhurst Lake, MI This inviting 3-bedroom, 2-bath home includes a cozy fireplace and a full basement, along ...	3 beds \| 2 baths \| 1,700 sq.ft.	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.84% Airbnb Rental Income: $null Traditional Rental Income: $2632 Airbnb ROI: N/A Traditional ROI: 7.84%
11864 N Sherman Lake, MI Escape to nature with this fully furnished, cozy 2-bedroom, 1-bath cabin nestled on 10 pri...	2 beds \| 1 baths \| 950 sq.ft.	$214,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 6.2% Airbnb Rental Income: $1583 Traditional Rental Income: $1602 Airbnb ROI: 3.88% Traditional ROI: 6.2%

Real Estate investment in Lake, MI

There are 16 properties for sale in the city of Lake . The median list price in Lake is $169,900 and the average price per square foot is $120. In January 2025, the average monthly cash on cash return in Lake is 8.00%. The average monthly rental income in Lake is $2,052.

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

There are 16 investment properties available for sale in Lake.

In 2025, 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 $2,052.

Your search for investment property begins and ends here

Investment Property for Sale in Lake, MI

8200 Ludington Drive

Lake, MI

2 beds | 1 baths | 1,000 sq.ft.

$200,000

Airbnb cash on cash: 3.75%

Traditional cash on cash: 5.72%

Airbnb Rental Income: $1583

Traditional Rental Income: $1504

Airbnb ROI: 3.75%

Traditional ROI: 5.72%

3230 PINEHURST

Lake, MI

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

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.01%

Airbnb Rental Income: $null

Traditional Rental Income: $2120

Airbnb ROI: N/A

Traditional ROI: 8.01%

11147 N Shore

Lake, MI

5 beds | 4 baths | 2,636 sq.ft.

$425,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.06%

Airbnb Rental Income: $null

Traditional Rental Income: $3512

Airbnb ROI: N/A

Traditional ROI: 6.06%

1249 N CROOKED LAKE Drive

Lake, MI

3 beds | 1 baths | 3,164 sq.ft.

$799,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2364

Airbnb ROI: N/A

Traditional ROI: 1.21%

9795 Lake Station Avenue

Lake, MI

2 beds | 2 baths | 2,000 sq.ft.

$435,000

Airbnb cash on cash: 0.76%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $1583

Traditional Rental Income: $2592

Airbnb ROI: 0.76%

Traditional ROI: 4.35%

9715 Cadillac

Lake, MI

4 beds | 2 baths | 2,560 sq.ft.

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.16%

Airbnb Rental Income: $null

Traditional Rental Income: $2746

Airbnb ROI: N/A

Traditional ROI: 6.16%

10660 Alpine

Lake, MI

3 beds | 1 baths | 660 sq.ft.

$126,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.27%

Airbnb Rental Income: $null

Traditional Rental Income: $1653

Airbnb ROI: N/A

Traditional ROI: 10.27%

6066 Shadowbrook

Lake, MI

3 beds | 2 baths | 1,468 sq.ft.

$219,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2247

Airbnb ROI: N/A