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Michigan lake escapes—and rentals starting at $95K

Six Michigan finds, from sandy shoreline and village charm to tenant-occupied income properties.

October 27, 2026

Northwoods Daily · Tuesday, October 27

Michigan lake escapes—and rentals starting at $95K

This Tuesday, October 27, Northwoods heads across Michigan for lakefront retreats, a historic Suttons Bay compound, and three long-term rentals with reported income. Presented by Bill Adolfsen, today’s mix offers distinct paths for investors: vacation-home appeal or an existing tenant base.

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

Brick Ranch, Established Rental Rhythm

1339 Venice St, Dearborn, MI 48124

This $249,900 Dearborn brick ranch pairs three bedrooms and two baths with hardwood floors, abundant natural light, and a deep backyard. Backing up to Corewell Health Hospital, it suits an investor comfortable keeping a long-term tenant in place; occupancy is not available before 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%
◆Partially finished basement
◆1.5-car detached garage
◆Backs to Corewell Health Hospital
The investor angleReported rent of $1,800 monthly totals $21,600 annually against a $249,900 asking price, with the existing tenancy making this a long-term hold rather than an immediate vacation-rental conversion.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

Round Lake, Room to Retreat

3943 Wice Dr, Gladwin, MI 48624

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

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Newly replaced main-level deck
◆Lower-level kitchenette
◆Fenced, nearly one-acre setting
The investor angleRound Lake views, multiple gathering spaces, and a listing-described rental track record support its vacation-rental appeal, though no revenue figures are provided.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Bungalow With Income 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 is a portfolio-minded purchase rather than a vacation retreat, with tenant-paid utilities and showings available only after 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%
◆Three bedrooms, one bath
◆Electrical meter box replaced 2023
◆Tenant pays all utilities
The investor angleReported rent of $800 monthly produces $9,600 annually against a $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 brings together a 1910 main home, a separate guest apartment, and a functional oversized garage on a 0.17-acre village lot. Wood floors, a characterful staircase, and sidewalk access suit buyers who value historic texture and room to host beyond the main house.

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 angleVillage walkability and separate guest quarters offer flexible ownership appeal, but rental permissions and the apartment’s kitchen setup warrant verification before underwriting income.
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, this $639,900 four-bedroom cottage puts 60 feet of private sandy shoreline at the center of the stay. French doors open to an expansive deck, while a lake-view hot tub and an upstairs bedroom balcony give families and getaway groups more ways to enjoy the water.

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; private sandy shoreline, a hot tub, and remote-management controls underpin the vacation-rental appeal.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, Existing Tenant

130 Parkdale Ave, Pontiac, MI 48340

Listed at $109,000, this three-bedroom Pontiac home combines a bright, functional layout with flooring updated in 2024. A long-term Section 8 tenant is in place, making it a fit for income-focused buyers; 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 in 2018
◆New furnace in 2022
◆Tenant pays all utilities
The investor angleReported rent of $1,200 monthly totals $14,400 annually against a $109,000 asking price, before expenses, with recent system updates adding useful context for due diligence.
Talk to Bill about this home →
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