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Michigan lakefront charm meets rentals under $110K

A sandy-shore cottage, a Suttons Bay compound, and three tenant-occupied options with reported rent.

November 05, 2026

Northwoods Daily · Thursday, November 5

Michigan lakefront charm meets rentals under $110K

This Thursday, November 5, Northwoods heads across Michigan, from Round Lake privacy to a historic compound in downtown Suttons Bay. Presented by agent Bill Adolfsen, today’s collection pairs getaway-minded properties with three long-term rentals for investors comparing lifestyle appeal and in-place income.

6
New homes
$95,000
Starting at
3
With proven revenue
1339 Venice St, Dearborn, MI 48124
No. 1 · Dearborn, MI

Brick Ranch, Patient Capital

1339 Venice St, Dearborn, MI 48124

Listed at $249,900, this three-bedroom, two-bath Dearborn brick ranch backs up to Corewell Health Hospital, with hardwood floors, a deep backyard and a partially finished basement. It suits a long-term investor rather than an immediate getaway buyer: the home is tenant-occupied, with occupancy no sooner than June 2027.

Price
$249,900
Beds / Baths
3 / 2
Sq ft
2,001
$ / sq ft
$125
Stated revenue
$21,600/yr
Gross yield
8.6%
◆Backs to Corewell Health Hospital
◆Partially finished basement
◆Detached 1.5-car garage
The investor angleReported rent of $1,800 monthly totals $21,600 annually, approximately 8.6% of the $249,900 asking price before expenses—not short-term-rental revenue.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

A Private Round Lake Escape

3943 Wice Dr, Gladwin, MI 48624

At $529,900, this three-bedroom, two-bath Gladwin home pairs a private-road setting with just under an acre of fenced grounds on Round Lake. An airy main level, newly replaced deck and lower-level gathering space with a kitchenette make it inviting for family getaways and buyers seeking room to entertain.

Price
$529,900
Beds / Baths
3 / 2
Sq ft
1,685
$ / sq ft
$314
◆Fenced grounds on private road
◆Newly replaced main-level deck
◆Lower-level kitchenette and gathering space
The investor angleThe listing describes rental history without supplying revenue; Round Lake, privacy and multiple gathering spaces provide the guest-appeal case.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Bungalow With Rent Attached

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

This $95,000 Pontiac bungalow offers three bedrooms and one bath in a compact 922-square-foot layout, with a long-term tenant already in place. It is a portfolio-minded purchase with a replaced electrical meter box in 2023; 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%
◆Long-term tenant in place
◆Tenant pays all utilities
◆Electrical meter box replaced 2023
The investor angleAt $800 monthly, reported annual rent of $9,600 represents 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

Listed at $1.2 million, this downtown Suttons Bay compound combines a 1910 main home with a separate guest apartment and a functional oversized garage on 0.17 acre. Wood floors, a historic staircase, a porch and village sidewalk access suit buyers drawn to character and walkability, while the apartment adds flexibility for visitors or workspace.

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
◆Small upper-level bay view
The investor angleWithout reported revenue, the investment appeal rests on downtown Suttons Bay walkability and separate guest quarters, with rental permissions and the apartment’s kitchen setup requiring verification.
Talk to Bill about this home →
6789 W Redman Dr, Lake City, MI 49651
No. 5 · Lake City, MI

Sandy Shore, Starlit Soaks

6789 W Redman Dr, Lake City, MI 49651

On Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage opens to 60 feet of private sandy shoreline and a lake-view hot tub. French doors lead from the bright living and dining area to an expansive deck, while an upstairs bedroom has a water-view balcony—a welcoming setup for families seeking a Northern Michigan lake escape.

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 but provides no revenue figures; private sandy frontage, four bedrooms and a lake-view hot tub anchor its vacation-rental appeal.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, In-Place Income

130 Parkdale Ave, Pontiac, MI 48340

At $109,000, this three-bedroom, one-bath Pontiac home combines a bright, functional layout with updated flooring and substantial system replacements. A long-term Section 8 tenant is in place, making this a long-term-income candidate; 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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