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Michigan lake escapes—and rentals starting at $95K

A sandy-shore cottage, a Suttons Bay compound and three tenant-occupied options with reported rent.

October 29, 2026

Northwoods Daily · Thursday, October 29

Michigan lake escapes—and rentals starting at $95K

This Thursday, October 29, Northwoods heads to Michigan for lakefront retreats, village character and a few practical portfolio additions. Presented by agent Bill Adolfsen, today's six picks pair getaway appeal with three long-term rentals whose reported rents give investors numbers to work with.

6
New homes
$95,000
Starting at
3
With proven revenue
1339 Venice St, Dearborn, MI 48124
No. 1 · Dearborn, MI

Brick, Hardwood and Staying Power

1339 Venice St, Dearborn, MI 48124

Priced at $249,900, this three-bedroom Dearborn brick ranch backs up to Corewell Health Hospital, with hardwood floors, a partially finished basement and a deep backyard. It's a long-term-rental candidate rather than an immediate getaway conversion: the home is tenant-occupied, with occupancy no sooner than June 2027.

Price
$249,900
Beds / Baths
3 / 2
Sq ft
2,001
$ / sq ft
$125
Stated revenue
$21,600/yr
Gross yield
8.6%
◆Three bedrooms, two bathrooms
◆Partially finished basement
◆Detached 1.5-car garage
The investor angleReported rent of $1,800 monthly, or $21,600 annually, represents roughly an 8.6% gross rental yield at the $249,900 asking price, before expenses.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

A Private Round Lake Retreat

3943 Wice Dr, Gladwin, MI 48624

Set back on a private road in Gladwin, this $529,900 three-bedroom home pairs Round Lake views with just under an acre of fenced grounds. An extensively renovated interior, bright open main level and lower-level gathering space suit family getaways with room to spread out.

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Newly replaced main-level deck
◆Lower-level kitchenette
◆Fenced grounds on private road
The investor angleWith no revenue figures supplied, the rental case rests on Round Lake appeal, substantial renovations and multiple gathering spaces rather than a demonstrated yield.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Modest Bungalow, Rent Attached

289 Martin Luther King Jr Blvd S, Pontiac, MI 48342

At $95,000, this three-bedroom Pontiac bungalow offers a compact, 922-square-foot footprint and a long-term tenant already in place. It's a straightforward portfolio prospect, with an electrical meter box replaced in 2023; showings require an accepted offer, and tenants must not be disturbed.

Price
$95,000
Beds / Baths
3 / 1
Sq ft
922
$ / sq ft
$103
Stated revenue
$9,600/yr
Gross yield
10.1%
◆Three bedrooms, one bathroom
◆Tenant pays all utilities
◆Electrical meter box replaced 2023
The investor angleReported rent of $800 monthly, or $9,600 annually, puts gross rental yield at approximately 10.1% of the $95,000 asking price, before expenses.
Talk to Bill about this home →
118 W Adams St, Suttons Bay, MI 49682
No. 4 · Suttons Bay, MI

Village Character, Separate Guest Quarters

118 W Adams St, Suttons Bay, MI 49682
0.17 acres

This $1.2 million downtown Suttons Bay property combines a 1910 main home with a separate guest apartment above/with the detached garage. Wood floors, a characterful staircase and a porch anchor the village-home experience, while separate guest quarters suit buyers seeking space for visitors alongside their own retreat.

Price
$1,200,000
Beds / Baths
5 / 3
Sq ft
2,455
$ / sq ft
$489
◆Four-bedroom historic main house
◆Guest apartment with terrace
◆Small upper-level bay view
The investor angleWalkable village access and separate guest quarters underpin the property's appeal, but rental permissions and the apartment's kitchen configuration warrant verification before underwriting rental use.
Talk to Bill about this home →
6789 W Redman Dr, Lake City, MI 49651
No. 5 · Lake City, MI

Sandy Shore, Starlit Hot Tub

6789 W Redman Dr, Lake City, MI 49651

On Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage brings 60 feet of private sandy shoreline and a hot tub overlooking the water. French doors open from the bright living and dining area onto an expansive deck, creating an inviting setting for families and lake-focused getaways.

Price
$639,900
Beds / Baths
4 / 3
Sq ft
1,728
$ / sq ft
$370
◆60 feet of sandy shoreline
◆Lake-view hot tub
◆Smart locks and Wi-Fi thermostats
The investor angleThe listing reports VRBO history without revenue figures, so the investment case centers on private shoreline, four bedrooms and guest-friendly amenities rather than a measurable rental yield.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, Established Rental Income

130 Parkdale Ave, Pontiac, MI 48340

This $109,000 three-bedroom Pontiac home combines a bright, functional layout with updated flooring and several major system replacements. A long-term Section 8 tenant is in place, making this a long-term-income prospect; showings require an accepted offer, and tenants must not be disturbed.

Price
$109,000
Beds / Baths
3 / 1
Sq ft
961
$ / sq ft
$113
Stated revenue
$14,400/yr
Gross yield
13.2%
◆Sewer line replaced in 2018
◆New furnace in 2022
◆Flooring updated throughout in 2024
The investor angleReported rent of $1,200 monthly, or $14,400 annually, equates to approximately a 13.2% gross rental yield at the $109,000 asking price before expenses, with the tenant paying all utilities.
Talk to Bill about this home →
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