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Michigan lake escapes—and rentals starting at $95K

Sandy shoreline, a Suttons Bay guest apartment, and three tenant-occupied options with reported rents.

Northwoods Daily · Tuesday, November 3

Michigan lake escapes—and rentals starting at $95K

This Tuesday, November 3, Northwoods heads across Michigan, from a sandy Lake City shoreline to a historic home in walkable Suttons Bay. Presented by Bill Adolfsen, today's six-home lineup pairs getaway appeal with three long-term rentals for investors weighing a different ownership path.

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

Brick Ranch, Built-In Rental Income

1339 Venice St, Dearborn, MI 48124

Hardwood floors, generous natural light and a deep backyard give this three-bedroom Dearborn brick ranch an easy, familiar warmth. Backing up to Corewell Health Hospital, it suits a long-term investor rather than an immediate getaway buyer: 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
◆1.5-car detached garage
The investor angleAt $249,900, reported rent of $1,800 monthly produces $21,600 annually, an approximately 8.6% gross yield before expenses.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

Round Lake, Room to Unwind

3943 Wice Dr, Gladwin, MI 48624

Set back on a private road, this renovated three-bedroom Round Lake home offers a fenced, nearly acre-sized setting with water views from nearly every room. An airy main level and a separate lower-level gathering space suit families who want room to spread out between time on the deck and covered patio.

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Three bedrooms, two bathrooms
◆Lower-level kitchenette
◆Newly replaced main-level deck
The investor angleAt $529,900, the Round Lake setting and flexible gathering spaces support getaway appeal, but no rental revenue is supplied to evaluate returns.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Modest Bungalow, Already Rented

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

This 922-square-foot Pontiac bungalow keeps things compact with three bedrooms, one bathroom and a classic layout. A long-term tenant is already in place, making it a portfolio candidate rather than a vacation-home play; showings require an accepted offer.

Price
$95,000
Beds / Baths
3 / 1
Sq ft
922
$ / sq ft
$103
Stated revenue
$9,600/yr
Gross yield
10.1%
◆Electrical meter box replaced 2023
◆Tenant pays all utilities
◆Three-bedroom bungalow layout
The investor angleThe $95,000 asking price and reported $9,600 annual rent imply an approximately 10.1% gross yield before expenses.
Talk to Bill about this home →
118 W Adams St, Suttons Bay, MI 49682
No. 4 · Suttons Bay, MI

Village Character With Guest Quarters

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

Wood floors, a characterful staircase and bay windows anchor this 1910 Suttons Bay home, with village sidewalks outside and a small bay view upstairs. A separate guest apartment with a terrace adds flexibility for visitors or work, while the oversized detached garage preserves practical storage space.

Price
$1,200,000
Beds / Baths
5 / 3
Sq ft
2,455
$ / sq ft
$489
◆Four-bedroom historic main house
◆Separate guest apartment
◆Oversized two-car garage
The investor angleAt $1.2 million, walkable Suttons Bay access and separate guest quarters are the central investment draw; rental permissions and the apartment's kitchen setup warrant verification.
Talk to Bill about this home →
6789 W Redman Dr, Lake City, MI 49651
No. 5 · Lake City, MI

Sandy Mornings, Hot Tub Nights

6789 W Redman Dr, Lake City, MI 49651

On Clayton Harbor Bay in Lake City, this four-bedroom cottage pairs 60 feet of private sandy shoreline with a lake-view hot tub. French doors open the bright living and dining area onto a broad deck, while an upstairs bedroom's balcony offers another perch for water views—an inviting setup for family 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 angleAt $639,900, the shoreline, hot tub and reported VRBO history make this a vacation-rental candidate, though no revenue figures are provided.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, Established Pontiac Tenancy

130 Parkdale Ave, Pontiac, MI 48340

Updated flooring and a bright, functional layout give this three-bedroom Pontiac home a straightforward residential appeal. A long-term Section 8 tenant is in place, and documented sewer, electrical and heating updates give investors concrete items to review during diligence; showings require an accepted offer.

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 2018
◆New furnace in 2022
◆Updated flooring throughout in 2024
The investor angleAt $109,000, reported rent of $1,200 monthly totals $14,400 annually—approximately 13.2% gross yield before expenses—with the tenant paying all utilities.
Talk to Bill about this home →
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