• Loan Puck
  • Posts
  • Michigan lake escapes—and rentals starting at $95K

Michigan lake escapes—and rentals starting at $95K

Round Lake privacy, Suttons Bay character and three tenant-occupied options with reported rent.

November 04, 2026

Northwoods Daily · Wednesday, November 4

Michigan lake escapes—and rentals starting at $95K

This Wednesday, November 4, Northwoods heads across Michigan, from sandy lakefront and a historic village compound to tenant-occupied homes with rent already in place. Presented by Bill Adolfsen, today’s mix separates getaway appeal from long-term rental income, with a few important ownership details to keep in view.

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

At $249,900, this three-bedroom Dearborn brick ranch pairs hardwood floors and generous natural light with a partially finished basement and deep backyard. Backing up to Corewell Health Hospital, it suits a long-term rental buyer rather than an immediate getaway conversion: the listing specifies 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 yield on 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 Reset

3943 Wice Dr, Gladwin, MI 48624

Set back on a private road in Gladwin, this $529,900 Round Lake home offers three bedrooms, two baths and just under an acre of fenced grounds. An extensively refreshed interior, open main level and lower-level gathering space with a kitchenette make it an inviting fit for family getaways and entertaining.

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

A Bungalow With Rent Attached

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

Priced at $95,000, this three-bedroom Pontiac bungalow offers a classic layout and an existing long-term tenant who pays all utilities. It is a straightforward portfolio candidate, though showings require an accepted offer and buyers must not approach the property or disturb the tenant.

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
◆Electrical meter box replaced 2023
◆Tenant pays all utilities
The investor angleReported rent of $800 monthly, or $9,600 annually, equates to roughly a 10.1% gross yield on 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 compound combines a 1910 residence with a separate guest apartment and a functional oversized garage. Wood floors, a historic staircase, a porch and village sidewalks suit buyers drawn to walkable stays, while the apartment adds flexibility for visitors or separate workspace.

Price
$1,200,000
Beds / Baths
5 / 3
Sq ft
2,455
$ / sq ft
$489
◆Four-bedroom historic main house
◆Separate guest apartment with terrace
◆Small upper-level bay view
The investor angleWithout reported revenue, the investment appeal centers on downtown walkability and separate guest quarters, with rental permissions and the apartment’s kitchen setup requiring buyer verification.
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 pairs 60 feet of private sandy shoreline with a lake-view hot tub. French doors open to an expansive deck, and an upstairs bedroom has balcony views of the water—a welcoming setup for families seeking a Northern Michigan lake escape.

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 but supplies no revenue figures, leaving the private beach, hot tub and remote-management features as the clearest rental selling points.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Fresh Floors, Established Rental Income

130 Parkdale Ave, Pontiac, MI 48340

At $109,000, this three-bedroom Pontiac home combines updated flooring with substantial sewer, electrical and heating improvements. A long-term Section 8 tenant is already in place and pays all utilities; showings require an accepted offer, and buyers must not approach the home or disturb the tenant.

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, produces roughly a 13.2% gross yield on the $109,000 asking price before expenses.
Talk to Bill about this home →
See something you like?

Bill Adolfsen helps investors buy and launch rental homes across MN, WI & MI.

Browse every Northwoods listing