Michigan lakefront escapes meet rentals from $95K

This Friday, November 6, Northwoods heads across Michigan, from a hot-tub perch on Clayton Harbor Bay to a historic home in downtown Suttons Bay. Presented by agent Bill Adolfsen, today's mix pairs getaway appeal with three long-term rentals whose existing rents give investors a concrete starting point.

Brick, Hardwood and Staying Power

At $249,900, this three-bedroom Dearborn brick ranch pairs hardwood floors and generous natural light with a partially finished basement and deep backyard. Backing up to Corewell Health Hospital, it suits an investor comfortable with an existing tenancy: occupancy is not available sooner than June 2027.

A Private Round Lake Reset

Set back on a private road in Gladwin, this $529,900 three-bedroom retreat occupies just under an acre of fenced grounds overlooking Round Lake. An extensively renovated interior, bright open main level and lower-level gathering space suit families who want room to spread out between lake-view mornings and evenings on the deck.

A Modest Bungalow, Existing Income

This $95,000 Pontiac bungalow offers three bedrooms in a compact, 922-square-foot layout, with a long-term tenant already in place. It's a straightforward portfolio candidate rather than a getaway home; showings require an accepted offer, and buyers must not approach the property or disturb tenants.

Village Character, Room for Guests

In downtown Suttons Bay, this $1.2 million property combines a 1910 four-bedroom main home with separate guest quarters above/with a detached garage. Wood floors, a historic staircase and a porch give the residence its village character, while the apartment adds flexibility for visitors or a separate workspace.

Sandy Shore, Starlit Hot Tub

On Clayton Harbor Bay in Lake City, this $639,900 four-bedroom cottage opens onto 60 feet of private sandy shoreline. French doors lead to an expansive deck, a lake-view hot tub invites a slower evening, and an upstairs bedroom's balcony gives guests another place to take in the water.

Fresh Floors, Established Tenancy

Priced at $109,000, this three-bedroom Pontiac home combines a bright, functional layout with flooring updated in 2024 and several substantial system replacements. A long-term Section 8 tenant is in place; investors should note that showings require an accepted offer and must not approach the home or disturb tenants.

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