💰 $120K–$130K Historical Revenue + a Clear Path to $150K+

🌲 $929K • 4 Bedrooms • 3 Bathrooms • 2,656 Sq Ft • 2.24 Wooded Acres • Inground Pool • Near South Haven • Proven STR Since 2021 • Hot Tub + Outdoor Amenity Upside • South Haven, MI

📩 Interested in this property?

👉 Contact Kate Stoermer at

📧 [email protected]

📞 734-276-0800

🚨 A Proven $120K–$130K STR—with a Pretty Straightforward Path to the Next Level

This one caught our attention because the investment story isn't just about what the property has already done.

It's about what it hasn't done yet.

Priced at $929,000, this 4-bedroom, 3-bath contemporary home sits on 2.24 wooded acres just outside South Haven, Michigan. It has operated as a successful short-term rental since 2021, with historical annual revenue generally landing in the $120K–$130K range. The seller's materials show $121K in 2022–23 and $132K in 2023–24.

The property already has one of the most important amenities for a summer vacation rental: a private inground pool.

What it doesn't have is a hot tub.

Based on the market data and comparable performance provided to us, there's strong confidence that adding a hot tub and further developing the outdoor amenity package could create a path toward $150K+ in annual gross revenue.

There's also a poolside structure that could potentially be turned into a tiki bar or game room, creating another experiential amenity without having to reinvent the house itself.

So you're starting with a proven STR, meaningful historical revenue, 2+ acres, a pool, and a substantial renovation history—and potentially improving performance with a relatively straightforward amenity play.

👉 Interested? Contact Kate Stoermer at

📧 [email protected]

📞 734-276-0800

🏡 The Asset

18830 77th St.

South Haven, MI

💰 Offered at: $929,000

🛏️ 4 Bedrooms

🚿 3 Bathrooms

📐 2,656 Sq Ft

🌲 2.24 Wooded Acres

💰 Historical Revenue: ~$120K–$130K Annually

📈 Potential: $150K+ with Additional Amenities

🏊 Inground Pool

🔥 Fireplace

🌳 Extensive Outdoor Decking

🛌 750+ Sq Ft Primary Suite

🥂 Primary Suite Wet Bar

🛁 Spa-Style Primary Bath

🌲 Private Decks & Patios

🏚️ Pole Barn

💻 Starlink Internet

🌿 Backs to a Public Preserve

🏖️ Additional Beach Access Approximately ½ Mile Away

The property has been operating as an STR since 2021, while its layout and 2.24-acre wooded setting give it plenty of appeal as a personal lake-country retreat as well.

💰 The Historical Revenue

The operating history here is meaningful.

According to the seller's property package:

2022–2023: $121,000

2023–2024: $132,000

2024–2025: $109,000*

That final number comes with an important asterisk: according to the seller, the property was originally being prepared for a sale earlier in 2025, so the summer calendar was not fully booked out to maximize revenue.

Given that context, we think of this more as a property with a demonstrated $120K–$130K historical revenue range than as a $109K property.

At $125K of annual gross revenue, you're looking at gross revenue equivalent to approximately 13.5% of the $929K asking price.

But the existing revenue isn't actually the most interesting part of this deal.

📈 The $150K+ Opportunity

The bigger question is:

What happens if you take an already successful rental and give it the amenity package its competitors have?

The most obvious missing piece is a hot tub.

The property already has:

🏊 Inground pool

🌲 2.24 private wooded acres

🔥 Fireplace

🌳 Significant outdoor living space

🏖️ Proximity to Lake Michigan

🏡 A large, renovated home

But no hot tub.

Based on market data and comparable STR performance provided with the property, there's strong confidence that adding one—and improving the broader outdoor experience—could create a path toward:

$150,000+ in Annual Gross Revenue

At $150K, gross revenue would equal approximately 16.1% of the current $929K asking price.

That's an upside case rather than guaranteed performance, of course. Buyers should independently evaluate the comps and projections.

But importantly, this isn't an upside thesis that requires adding three bedrooms or doing a ground-up renovation.

The core asset is already there.

🏊 Start with the Pool

The property's private inground pool is already a legitimate centerpiece.

And the sellers have invested meaningfully in it.

The pool was rehabilitated in 2022 with:

✔ New liner

✔ Custom safety cover

✔ New filter

✔ New heater

✔ New pump

✔ Additional poolside lounging patio

✔ Landscaping and tree removal

The photos in the seller package show a genuinely private pool environment surrounded by mature woods, with a large patio and adjacent covered outdoor entertaining area.

That's a strong foundation.

The opportunity is to turn the pool area into even more of a destination within the destination.

🍹 What If the Pool Area Became the Main Event?

There are a few relatively intuitive ways a future owner could potentially take the outdoor experience further.

♨️ Add a Hot Tub

This is the most obvious one.

It introduces a year-round outdoor amenity and gives guests another reason to book outside the peak swimming season.

🍹 Create a Poolside Tiki Bar

Lean into the summer vacation experience and make the pool area something guests immediately notice in the listing photos.

🎮 Convert the Pool Bar into a Game Room

Another option would be transforming the existing structure into a dedicated entertainment space.

Pool by day.

Game room at night.

The larger point is that there's already space here to work with.

You're not starting from an empty backyard.

🌲 2.24 Acres Changes the Experience

This is also not a dense subdivision rental where the hot tub overlooks the neighbor's driveway.

The house sits on 2.24 wooded acres, creating a much more private vacation experience.

The seller's materials describe floor-to-ceiling windows in the main living space, and each bedroom has its own direct outdoor access via a patio or deck.

That indoor/outdoor connection is one of the more interesting design elements of the property.

And for an STR, the acreage gives you room to think beyond simply furnishing the interior better.

There's space to create an experience.

🌿 It Also Backs to a Public Preserve

Another interesting feature is what's behind the property.

According to the seller's package, the acreage backs to a public preserve, with planned walking trails toward Pilgrim Haven Beach. Current trail access is described as rough but navigable, while another beach access point is approximately ½ mile away.

For guests, that reinforces the property's nature-retreat positioning.

You're near South Haven and Lake Michigan without sacrificing the secluded wooded setting.

🛌 The 750+ Sq Ft Primary Suite

One of the property's biggest renovations was the conversion of the former artist loft into an oversized primary suite.

And we're not talking about a slightly larger bedroom.

The suite is more than 750 square feet and includes:

🛏️ King sleeping area

🛋️ Sitting area

🥂 Wet bar

🛁 Spa-style bathroom

🌲 Private deck

🌡️ Separate HVAC

🚿 Separate hot-water supply

The split floor plan also separates the primary suite from the other sleeping areas, creating additional privacy.

For a group vacation rental, that's a pretty compelling "best bedroom in the house."

🔨 A Lot of the Heavy Lifting Has Already Been Done

This isn't a property that has been generating six figures while slowly falling apart behind the scenes—at least based on the seller's disclosed improvements.

The renovation list includes:

✔ New appliances in 2021/22

✔ Addition of the primary suite

✔ Fireplace addition

✔ Extensive outdoor decking

✔ Pool refurbishment

✔ Electrical updates

✔ Water-system updates

✔ Exterior painting of the home and pole barn

✔ Landscape clearing

✔ Completed shower surrounds

The home also has two forced-air/central HVAC units, a well, updated septic, fenced inground pool, pole barn, carport, and Starlink internet.

That's useful context when evaluating what the next round of capital could accomplish.

Instead of replacing basic systems, the investment thesis can potentially focus more heavily on revenue-producing guest amenities.

🔑 Potentially Turnkey

The property is currently operating as a short-term rental and, according to the seller's materials, may be sold turnkey with furnishings, social media, and its existing domain included.

Existing management may also be willing to remain in place if both parties agree.

There is one important caveat:

A new owner would need to apply for an STR license.

That's something we'd put near the top of the diligence list.

Buyers should independently confirm the current licensing environment, requirements, timing, transfer process—or lack thereof—and whether the property can continue operating as anticipated after closing.

📊 The Investment Story

Here's how we'd frame the numbers:

🏡 Asking Price: $929,000

💰 Historical Annual Revenue: ~$120K–$130K

📈 Upside Case: $150K+

📊 $125K Revenue / Price: ~13.5%

🚀 $150K Revenue / Price: ~16.1%

🌲 Land: 2.24 Acres

🏊 Private Pool: Yes

♨️ Hot Tub: Not Yet

🔑 Turnkey Potential: Yes

That's why this one is more interesting to us as a value-add STR than simply as a stabilized rental.

You aren't being asked to believe a house that's never made money can suddenly do $150K.

You're looking at a property that has already demonstrated revenue in the $120K–$130K range, then asking whether a better amenity package can push it into another tier.

💡 The Amenity Arbitrage

There's a concept we keep coming back to with STRs:

Sometimes the cheapest square footage to add is no square footage at all.

A hot tub doesn't add another bedroom.

A tiki bar doesn't add another bathroom.

A game room doesn't make the house bigger.

But if those additions improve click-through rates, conversion, ADR, occupancy, shoulder-season demand, or guest reviews, they can potentially produce an outsized return relative to their cost.

That's the opportunity we'd investigate here.

The home has already proven it can attract guests.

The question is whether a relatively modest amenity investment can make those guests willing to book more often and pay more when they do.

🏖️ The South Haven Angle

South Haven has the ingredients that make a second-home/STR market interesting: Lake Michigan, beaches, summer travel, and a strong vacation-home identity.

This property gives guests access to that broader destination while providing something different from a traditional in-town beach house:

Space. Privacy. Woods. A pool.

That positioning could become even stronger with a more developed resort-style backyard.

Instead of trying to compete solely on proximity to the water, the property can compete on the experience guests have when they stay home for the day.

💸 Financing & Tax Angle

At $929K, buyers are evaluating an established STR with historical gross revenue generally in the $120K–$130K range and a potential amenity-driven upside case.

Potential financing structures may include:

✔ Conventional investment financing

✔ DSCR financing

✔ Portfolio lending

✔ Second-home financing, depending on intended use and lender requirements

Qualifying investors may also want to discuss cost segregation and applicable accelerated depreciation strategies with their tax professionals.

The potential pool-area improvements, STR licensing, well/septic systems, and any conversion of accessory structures should all be independently evaluated before incorporating them into an investment model.

👉 Explore STR financing options here.

🎯 Why This One Stands Out

1. 💰 It's Already Proven

Historical performance has generally landed around $120K–$130K annually, so this isn't an investment thesis built entirely around a projection.

2. 📈 The $150K+ Upside Doesn't Require Reinventing the House

The most obvious opportunity is adding a hot tub and upgrading the outdoor amenity package, with a tiki bar or dedicated game room among the additional concepts worth exploring.

3. 🏊 The Expensive Amenity Is Already There

It already has an inground pool—and that pool received a substantial rehabilitation in 2022.

4. 🌲 2.24 Wooded Acres Near South Haven

Guests get privacy and nature while remaining close to the Lake Michigan vacation experience.

5. 🔨 Significant Capital Has Already Gone Into the Property

From the 750+ sq ft primary suite to the pool, decking, electrical, water system, appliances, and other improvements, much of the heavy lifting has already been tackled.

⚡ Bottom Line

At $929,000, this South Haven-area STR has historically generated around $120K–$130K annually, sits on 2.24 wooded acres, and already offers a private inground pool, extensive outdoor space, and a substantially renovated 4-bedroom home.

But we'd argue the most interesting feature is the one it doesn't have:

A hot tub.

Add that, continue developing the pool area, potentially introduce something like a tiki bar or dedicated game room, and the provided market data suggests a credible path toward $150K+ in annual revenue.

No ground-up build.

No major addition required.

Just a proven rental with a strong existing amenity base and a relatively straightforward opportunity to make the guest experience better.

That's the kind of value-add story we like.

📲 Express Interest

Interested in the property, financials, or additional details?

Kate Stoermer

📧 [email protected]

📞 734-276-0800