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Michigan Lake Escapes, Village Charm & Rentals Under $110K

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

November 01, 2026

Northwoods Daily · Sunday, November 1

Michigan Lake Escapes, Village Charm & Rentals Under $110K

This Sunday, November 1, Northwoods heads across Michigan, from a sandy shoreline in Lake City to a historic village compound in Suttons Bay. Presented by agent Bill Adolfsen, today's mix pairs lake-getaway appeal with three long-term rentals for investors who prefer tenants already in place.

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

Brick, Hardwood and Staying Power

1339 Venice St, Dearborn, MI 48124

Listed at $249,900, this three-bedroom, two-bath Dearborn brick ranch pairs hardwood floors and natural light with a deep backyard. Backing up to Corewell Health Hospital, it suits a patient long-term investor: the home is tenant-occupied, with occupancy unavailable before 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%
◆Partially finished basement
◆Detached 1.5-car garage
◆Backs to Corewell Health Hospital
The investor angleReported rent of $1,800 monthly totals $21,600 annually, roughly an 8.6% gross rental yield on the asking price before expenses.
Talk to Bill about this home →
3943 Wice Dr, Gladwin, MI 48624
No. 2 · Gladwin, MI

Round Lake, Room to Gather

3943 Wice Dr, Gladwin, MI 48624

At $529,900, this three-bedroom, two-bath Round Lake home in Gladwin sits on a private road with just under an acre of fenced grounds. A bright, open main level, refreshed deck and lower-level gathering space with a kitchenette create an inviting setting for family getaways.

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 angleWith no revenue figures supplied, the rental case rests on Round Lake appeal, substantial recent renovations and separate gathering spaces for guests.
Talk to Bill about this home →
289 Martin Luther King Jr Blvd S, Pontiac, MI 48342
No. 3 · Pontiac, MI

A Modest Bungalow, Income 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. A long-term tenant is already in place and pays all utilities, making this a long-term portfolio candidate rather than a vacation-home play; showings require an accepted offer.

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 angleReported rent of $800 monthly produces $9,600 annually, approximately a 10.1% gross rental yield on the 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 an oversized, functional two-car garage. Wood floors, a character-rich staircase, a porch and village sidewalks suit buyers seeking a walkable home base with room for visitors.

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 angleWith no revenue supplied, downtown walkability and separate guest quarters anchor the investment appeal, while any rental plan warrants verification of permitted use.
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 in Lake City, this $639,900 four-bedroom cottage has 60 feet of private sandy shoreline and a hot tub overlooking the lake. French doors open from the sunny living and dining area onto an expansive deck, while an upstairs bedroom offers balcony water views—a welcoming setup for family lake trips.

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 reports VRBO history but supplies no revenue figures, leaving the private shoreline, hot tub and remote-management features as the concrete rental draws.
Talk to Bill about this home →
130 Parkdale Ave, Pontiac, MI 48340
No. 6 · Pontiac, MI

Updated Systems, Established Rental Income

130 Parkdale Ave, Pontiac, MI 48340

At $109,000, this three-bedroom, one-bath Pontiac home pairs a bright, functional layout with flooring updated in 2024. A long-term Section 8 tenant pays $1,200 monthly plus all utilities, and recent system replacements make it worth a closer look for income-focused buyers; showings require an accepted offer.

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
◆Updated flooring throughout in 2024
The investor angleReported annual rent of $14,400 equates to roughly a 13.2% gross rental yield on the asking price before taxes, insurance, maintenance and other expenses.
Talk to Bill about this home →
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