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- Michigan lake escapes meet rentals from $95K
Michigan lake escapes meet rentals from $95K
Sandy shoreline, a Suttons Bay compound and three tenant-occupied options with reported rental income.
Northwoods Daily · Monday, November 2 Michigan lake escapes meet rentals from $95KThis Monday, November 2, Northwoods heads to Michigan for lakefront retreats, a historic village compound and three long-term rentals with tenants in place. Presented by Bill Adolfsen, today’s mix pairs getaway appeal with income figures—and a few important ownership considerations.
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No. 1 · Dearborn, MI Brick, Hardwood and Staying Power1339 Venice St, Dearborn, MI 48124 This $249,900 Dearborn brick ranch pairs three bedrooms and two baths with hardwood floors, generous natural light and a deep backyard. Backing up to Corewell Health Hospital, it suits a patient buy-and-hold investor: the home is tenant-occupied, with occupancy unavailable before June 2027.
The investor angleReported rent of $1,800 monthly totals $21,600 annually, approximately 8.6% of the $249,900 asking price before expenses.
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No. 2 · Gladwin, MI Round Lake, Room to Unwind3943 Wice Dr, Gladwin, MI 48624 Set back on a private road, this $529,900 Round Lake home in Gladwin offers three bedrooms, two baths and a fenced setting of just under an acre. A bright, open main level, newly replaced deck and lower-level gathering space with a kitchenette make it appealing for family getaways and shared weekends.
The investor angleThe listing describes an established rental property, but without revenue figures, the investment case rests on Round Lake appeal, extensive renovations and flexible gathering spaces.
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No. 3 · Pontiac, MI A Bungalow With Income Attached289 Martin Luther King Jr Blvd S, Pontiac, MI 48342 At $95,000, this three-bedroom Pontiac bungalow offers a compact, 922-square-foot entry into a tenant-occupied rental. A long-term tenant pays utilities, and the electrical meter box was replaced in 2023; showings require an accepted offer, and buyers must not approach the property or disturb tenants.
The investor angleReported rent of $800 monthly produces $9,600 annually, approximately 10.1% of the $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 This $1.2 million downtown Suttons Bay compound combines a 1910 main residence with a separate guest apartment and a fully functional oversized garage. Wood floors, a historic staircase, a porch and village sidewalk access suit buyers drawn to character and walkability, while a small upper-level bay view adds a quiet northern Michigan touch.
The investor angleWith no revenue supplied, downtown walkability and separate guest quarters anchor the appeal, while any rental strategy requires verification of permitted uses and the apartment’s kitchen setup.
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No. 5 · Lake City, MI Sandy Shores and Starlit Soaks6789 W Redman Dr, Lake City, MI 49651 On Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage opens onto 60 feet of private sandy shoreline. French doors lead from sunny living spaces to an expansive deck, while a lake-view hot tub and an upstairs bedroom balcony create an inviting setting for families seeking a waterfront escape.
The investor angleThe listing reports VRBO history without revenue figures, leaving private shoreline, the hot tub and remote-management features as the clearest foundations for its vacation-rental appeal.
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No. 6 · Pontiac, MI Updated Systems, Established Rental Income130 Parkdale Ave, Pontiac, MI 48340 This $109,000 Pontiac three-bedroom rental combines updated flooring with substantial system work, including a sewer-line replacement in 2018 and a new furnace in 2022. A long-term Section 8 tenant is in place and pays utilities; showings require an accepted offer, and buyers must not approach the home or disturb tenants.
The investor angleReported rent of $1,200 monthly totals $14,400 annually, approximately 13.2% of the $109,000 asking price before 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 |