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- Michigan lake escapes meet rentals from $95K
Michigan lake escapes meet rentals from $95K
A sandy-shore cottage, a Suttons Bay compound and three tenant-occupied income plays.
Northwoods Daily · Saturday, October 31 Michigan lake escapes meet rentals from $95KThis Saturday, October 31, Northwoods heads across Michigan, from a hot-tub evening on Clayton Harbor Bay to historic village living in Suttons Bay. Presented by agent Bill Adolfsen, today’s six picks pair vacation-home appeal with three long-term rentals offering reported income—not immediate short-term-rental availability.
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No. 1 · Dearborn, MI Brick Ranch, Longer Horizon1339 Venice St, Dearborn, MI 48124 At 1339 Venice St in Dearborn, this three-bedroom brick ranch backs up to Corewell Health Hospital and sits across from Stout Middle School. Hardwood floors, a partially finished basement and a deep backyard suit practical everyday living, but buyers must plan around tenant occupancy: possession is no sooner than June 2027.
The investor angleAt $249,900, reported rent of $1,800 monthly totals $21,600 annually—about an 8.6% gross yield before expenses, with the existing tenancy shaping the investment timeline.
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No. 2 · Gladwin, MI Round Lake, Room to Unwind3943 Wice Dr, Gladwin, MI 48624 Set along a private road in Gladwin, 3943 Wice Dr pairs a fenced, nearly acre-sized setting with Round Lake views from much of the home. An extensively renovated interior, open main level and lower-level gathering space with a kitchenette make this three-bedroom retreat appealing for family getaways and guests who like room to spread out.
The investor angleAt $529,900, the rental case rests on the Round Lake setting, privacy and renovated gathering spaces; the listing describes rental history but supplies no revenue figures.
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No. 3 · Pontiac, MI A Modest Bungalow, Income Attached289 Martin Luther King Jr Blvd S, Pontiac, MI 48342 This three-bedroom bungalow at 289 Martin Luther King Jr Blvd S in Pontiac offers 922 square feet and a long-term tenant already in place. It suits investors seeking a lower-priced long-term rental rather than a vacation retreat; showings require an accepted offer, and tenants must not be disturbed.
The investor angleThe $95,000 asking price and reported $9,600 annual rent imply roughly a 10.1% gross yield before expenses, with current rent at $800 monthly.
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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 118 W Adams St, a 1910 Suttons Bay home brings wood floors, a characterful staircase and a porch to a walkable village setting. A separate guest apartment adds flexibility for visitors or workspace, while the oversized detached garage preserves useful storage and workshop space. This is a compelling fit for buyers seeking a village home with room for guests and a small upper-level bay view.
The investor angleAt $1,200,000, village walkability and separate guest quarters underpin the appeal, but no revenue is provided and buyers should verify rental permissions and the apartment’s kitchen configuration.
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No. 5 · Lake City, MI Sandy Shore, Starlit Hot Tub6789 W Redman Dr, Lake City, MI 49651 On Clayton Harbor Bay in Lake City, 6789 W Redman Dr offers 60 feet of private sandy shoreline and a lake-view hot tub. French doors connect the bright living and dining space to an expansive deck, while four bedrooms—including an upstairs room with a waterfront balcony—give family getaways a welcoming home base.
The investor angleAt $639,900, the shoreline, hot tub and remote-management features support vacation-rental appeal; the listing cites VRBO history without providing revenue.
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No. 6 · Pontiac, MI Updated Systems, Established Tenancy130 Parkdale Ave, Pontiac, MI 48340 At 130 Parkdale Ave in Pontiac, this three-bedroom home combines a bright, functional layout with updated flooring and several substantial system replacements. An existing long-term Section 8 tenant makes it a long-term-income candidate; showings require an accepted offer, and buyers must not approach the home or disturb tenants.
The investor angleAt $109,000, reported rent of $1,200 monthly produces $14,400 annually—about a 13.2% gross yield before expenses—with the tenant paying all utilities.
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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 |