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Michigan lake escapes—and rentals starting at $95K

A sandy-shore cottage, a Suttons Bay compound and three tenant-occupied alternatives.

November 08, 2026

Northwoods Daily · Sunday, November 8

Michigan lake escapes—and rentals starting at $95K

This Sunday, November 8, Northwoods heads across Michigan for lakefront escapes, village character and a few practical portfolio additions. Presented by agent Bill Adolfsen, today's six homes pair getaway appeal with three long-term rentals for investors considering a different income model.

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 Income

1339 Venice St, Dearborn, MI 48124

Backing up to Corewell Health Hospital, this $249,900 Dearborn brick ranch offers three bedrooms, two baths and hardwood floors. A partially finished basement and deep backyard add everyday appeal, while the existing tenancy makes this a long-term rental consideration rather than an immediate getaway conversion.

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
◆Detached 1.5-car garage
◆Occupancy no sooner than June 2027
The investor angleReported rent of $1,800 monthly totals $21,600 annually, roughly 8.6% of 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 Retreat

3943 Wice Dr, Gladwin, MI 48624

Set back on a private road, this $529,900 Round Lake home pairs three bedrooms and two baths with just under an acre of fenced grounds. An extensively refreshed interior, lake views and gathering spaces on two levels suit buyers seeking a family retreat with room to entertain.

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Newly replaced main-level deck
◆Lower-level kitchenette
◆Fenced grounds with lake views
The investor angleThe listing describes an established rental property, with Round Lake views and a private setting supporting guest appeal, though no revenue figures are supplied.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Modest Entry Into Pontiac

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

At $95,000, this three-bedroom Pontiac bungalow offers a compact, 922-square-foot layout with a long-term tenant already in place. It suits investors seeking an occupied rental rather than a vacation home; showings require an accepted offer, and buyers must not approach the property or disturb tenants.

Price
$95,000
Beds / Baths
3 / 1
Sq ft
922
$ / sq ft
$103
Stated revenue
$9,600/yr
Gross yield
10.1%
◆Tenant pays all utilities
◆Electrical meter box replaced 2023
◆Portfolio purchase option
The investor angleThe $800 monthly rent produces $9,600 annually, approximately 10.1% of 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 property combines a 1910 main home with a separate guest apartment and a fully functional detached garage. Wood floors, a characterful staircase and village sidewalks suit buyers drawn to historic homes and flexible guest space, with a small upper-level bay view adding a northern Michigan accent.

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
◆Oversized 26-by-30-foot garage
The investor angleVillage walkability and separate guest quarters offer a compelling hospitality setup, but rental permissions and the apartment's kitchen configuration 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 opens onto 60 feet of private sandy shoreline. French doors lead to an expansive deck, while a lake-view hot tub and an upstairs bedroom balcony make it a natural fit for families seeking time together by 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 cites VRBO history without revenue figures; private shoreline, four bedrooms and remote-management features provide concrete appeal for a vacation-rental buyer.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, Existing Pontiac Tenancy

130 Parkdale Ave, Pontiac, MI 48340

Priced at $109,000, this three-bedroom Pontiac home pairs a bright, functional layout with updated flooring and several substantial system replacements. A long-term Section 8 tenant is in place; showings require an accepted offer, and buyers must not approach the home or disturb tenants.

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, approximately 13.2% of the $109,000 asking price before expenses.
Talk to Bill about this home →
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