Michigan lakefront escapes meet rentals under $110K

This Friday, October 30, Northwoods heads across Michigan, from a hot-tub evening on Clayton Harbor Bay to historic village living in Suttons Bay. Presented by agent Bill Adolfsen, today's six picks pair getaway appeal with three long-term rentals for investors comparing lifestyle potential and existing income.

Brick Ranch, Longer Horizon

Listed at $249,900, this three-bedroom Dearborn brick ranch backs up to Corewell Health Hospital and sits across from Stout Middle School. Hardwood floors, a partially finished basement and a deep backyard offer practical everyday comfort, but this is a long-term rental play: occupancy is not available before June 2027.

Round Lake, Room to Gather

On a private road in Gladwin, this $529,900 Round Lake home pairs a fenced, nearly one-acre setting with lake views from nearly every room. Three bedrooms, two baths and a lower-level gathering space with a small kitchenette suit family getaways, while the replaced main-level deck and covered outdoor space extend the places to unwind.

A Modest Bungalow, Existing Income

At $95,000, this three-bedroom Pontiac bungalow offers a compact, 922-square-foot addition to a long-term rental portfolio. An existing 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.

Historic Charm, Separate Guest Quarters

This $1.2 million downtown Suttons Bay compound brings together a 1910 main home, a separate guest apartment and a functional oversized garage on a 0.17-acre village lot. Wood floors, a historic staircase and a porch lend character to the four-bedroom main residence, while the apartment's terrace and separate living space suit buyers wanting room for visitors alongside walkable village access.

Sandy Shore, Starlit Soaks

Set along Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage offers 60 feet of private sandy shoreline and a hot tub with a lake view. French doors open to an expansive deck, and an upstairs guest room has balcony views of the water—a welcoming setup for families drawn to beach days and quiet evenings outside.

Updated Systems, Established Tenancy

Priced at $109,000, this three-bedroom Pontiac home combines a bright, functional layout with flooring updated in 2024 and a furnace replaced in 2022. A long-term Section 8 tenant pays $1,200 monthly plus utilities; showings require an accepted offer, and buyers must not approach the home or disturb tenants.

Bill Adolfsen helps investors buy and launch rental homes across MN, WI & MI.