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- Michigan lake escapes meet rentals from $95K
Michigan lake escapes meet rentals from $95K
Sandy shoreline, a Suttons Bay guest apartment and three tenant-occupied options with stated rental income.
Northwoods Daily · Wednesday, October 28 Michigan lake escapes meet rentals from $95KThis Wednesday, October 28, we’re touring Michigan properties that range from a sandy lakefront cottage to a historic Suttons Bay home with separate guest quarters. Today’s Northwoods, presented by Bill Adolfsen, also includes three long-term rentals for investors weighing existing income alongside vacation-home appeal.
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No. 1 · Dearborn, MI Brick, Hardwood and Existing Income1339 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 investor rather than someone seeking an immediate vacation-rental launch: occupancy is not available before June 2027.
The investor angleThe stated $1,800 monthly rent provides $21,600 in annual gross rental income against a $249,900 asking price, with the existing tenancy shaping the ownership timeline.
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No. 2 · Gladwin, MI A Private Round Lake Retreat3943 Wice Dr, Gladwin, MI 48624 Listed at $529,900, this three-bedroom, two-bath Gladwin home sits along a private road within a fenced, compound-like setting on Round Lake. An extensively renovated interior, open main level and lower-level gathering space with a kitchenette make it appealing for family getaways and guests who want room to spread out.
The investor angleWith no revenue figures supplied, the rental case rests on the Round Lake setting, privacy and multiple gathering spaces rather than a demonstrated financial return.
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No. 3 · Pontiac, MI A Bungalow With Income Attached289 Martin Luther King Jr Blvd S, Pontiac, MI 48342 This $95,000 Pontiac bungalow offers three bedrooms and a classic layout across 922 square feet, with a long-term tenant already in place. It is a compact portfolio option with a replaced electrical meter box in 2023; showings require an accepted offer, and tenants must not be disturbed.
The investor angleAt the stated $800 monthly rent, the property generates $9,600 annually in gross rental income on a $95,000 asking price, before expenses.
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No. 4 · Suttons Bay, MI Village Character, Separate Guest Quarters118 W Adams St, Suttons Bay, MI 49682 0.17 acres At $1.2 million, this downtown Suttons Bay property combines a 1910 main home with a separate guest apartment and a functional oversized garage. Wood floors, a historic staircase, bay windows and a porch give the main residence its character, while village walkability and a small upper-level bay view suit buyers seeking a Northern Michigan base with flexible guest space.
The investor angleWith no rental revenue supplied, the investment appeal centers on downtown Suttons Bay walkability and separate guest quarters, with intended rental uses requiring verification.
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No. 5 · Lake City, MI Sandy Shore, Starlit Hot Tub6789 W Redman Dr, Lake City, MI 49651 This $639,900 Lake City cottage sits in Clayton Harbor Bay with 60 feet of private sandy shoreline and a lake-view hot tub. Four bedrooms, French doors opening to an expansive deck and an upstairs bedroom with water-view balcony create an inviting setup for family stays, while updated finishes and smart controls add practical appeal.
The investor angleThe listing cites VRBO history without revenue figures, so the rental case rests on private sandy waterfront, four-bedroom capacity and guest-friendly outdoor amenities.
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No. 6 · Pontiac, MI Fresh Floors, Established Rental Income130 Parkdale Ave, Pontiac, MI 48340 Priced at $109,000, this three-bedroom Pontiac home combines a bright, functional layout with flooring updated in 2024 and a long-term Section 8 tenant. Sewer, electrical and heating updates give portfolio buyers concrete improvements to review, though showings require an accepted offer and tenants must not be disturbed.
The investor angleThe stated $1,200 monthly rent totals $14,400 in annual gross rental income against a $109,000 asking price, before operating expenses.
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See something you like? Bill Adolfsen helps investors buy and launch rental homes across MN, WI & MI. Browse every Northwoods listing |