6633 S Bass Lake Blvd

This 2,758 sq ft, 6-bedroom, 3-bath waterfront home is positioned as a high-potential short-term rental investment in the Pentwater market, appealing to large groups and families seeking lakefront experiences. The property’s size, direct water access, and multiple gathering spaces support premium nightly rates and strong seasonal demand. Underwriting metrics, based on a $849,900 purchase price and modeled STR performance, project robust monthly income and a high cash-on-cash return, making it attractive for investors seeking yield in a leisure-driven market. The primary caveat is the reliance on sustained occupancy and premium ADRs, which are subject to market seasonality and regulatory factors.

Pentwater, MI is a leisure-oriented market with strong summer demand for waterfront rentals, particularly larger homes catering to families and groups. The property’s size and direct lake access position it well for premium STR performance, though the market is highly seasonal and subject to fluctuations in demand. Comparable sales support the list price, and high-confidence valuation anchors reduce downside risk, but investors should be mindful of potential regulatory changes affecting STR operations.

The property is situated on Bass Lake Blvd, offering direct lake frontage and scenic views, which are key drivers of guest appeal in this segment. The area is characterized by a mix of vacation homes and year-round residences, with a tranquil, residential feel. While detailed location-specific demand signals are limited, the combination of waterfront access and large group capacity suggests strong guest appeal, especially during peak season. Conclusions about year-round demand are lower confidence due to the market’s seasonal nature.

At a list price of $849,900, underwriting projects a monthly STR income of $9,332 and cash flow of $2,746, assuming a 58% occupancy rate, $529 ADR, 25% expense ratio, and 20% down payment at 6.4% interest. The resulting 19.4% expected cash-on-cash return is attractive for this asset class, but is highly sensitive to occupancy and nightly rate assumptions. Expense ratio and management costs are modeled conservatively, but investors should confirm local STR regulations and factor in potential maintenance for an older home. Overall, the figures suggest strong income potential if modeled assumptions hold.

Asking sits roughly 1% above the modeled range.