Real Estate Investment Properties for Sale in Mancelona, MI

Looking for investment property in Mancelona, MI with high ROI ?

Explore a variety of short-term homes & houses in Mancelona, MI. Invest wisely with VRBO & Mancelona, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Mancelona, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6519 Schuss Mountain Lane Mancelona, MI Already a successful rental, this condo is located near the base of the Schuss ski hills a...	2 beds \| 2 baths \| 850 sq.ft.	$249,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 1.79% Airbnb Rental Income: $1266 Traditional Rental Income: $1557 Airbnb ROI: -1.13% Traditional ROI: 1.79%
4524 SUMMER LANE Mancelona, MI Enjoy off-grid living on eight acres with this fully furnished, two-bedroom home. Solar po...	3 beds \| 1 baths \| 864 sq.ft.	$229,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 4.76% Airbnb Rental Income: $1615 Traditional Rental Income: $1671 Airbnb ROI: 2.39% Traditional ROI: 4.76%
601 Kresnak Road Mancelona, MI Claim this country homestead as your own! Set on nearly 5 acres, the 3-bedroom ranch home ...	3 beds \| 2 baths \| 1,556 sq.ft.	$290,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 6.6% Airbnb Rental Income: $1615 Traditional Rental Income: $2408 Airbnb ROI: 2.02% Traditional ROI: 6.6%
9325 NE Barnhart Road Mancelona, MI Secluded Northern Michigan Retreat on 10 Wooded Acres Starvation Lake & Trail Access Disco...	2 beds \| 1 baths \| 768 sq.ft.	$259,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.04% Airbnb Rental Income: $1266 Traditional Rental Income: $1451 Airbnb ROI: 0.64% Traditional ROI: 3.04%
5635 Mystic Drive Mancelona, MI CEDAR RIVER DISTINCTIVE CRAFTSMAN HOME is the perfect retreat tucked away at the end of a ...	2 beds \| 2 baths \| 2,160 sq.ft.	$460,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 4.97% Airbnb Rental Income: $1266 Traditional Rental Income: $2840 Airbnb ROI: 0.39% Traditional ROI: 4.97%
6609 Deepwood Drive Mancelona, MI Beautifully updated 3 bed, 2 bath ranch with attached garage. Garage has a drive through d...	3 beds \| 2 baths \| 1,281 sq.ft.	$300,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 6.67% Airbnb Rental Income: $1615 Traditional Rental Income: $2441 Airbnb ROI: 2.12% Traditional ROI: 6.67%
5391 Scholl Road Mancelona, MI Escape to your own Northern Michigan paradise with this incredible 4 bedroom, 2.5 bathroom...	4 beds \| 3 baths \| 4,150 sq.ft.	$650,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.05% Airbnb Rental Income: $2362 Traditional Rental Income: $3474 Airbnb ROI: 0.25% Traditional ROI: 3.05%
9799 Skytrails Circle Mancelona, MI Experience the Up North lifestyle in this well-maintained 3-bedroom, 2-bath ranch on two l...	3 beds \| 2 baths \| 2,570 sq.ft.	$319,900	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.69% Airbnb Rental Income: $1615 Traditional Rental Income: $1918 Airbnb ROI: 1.16% Traditional ROI: 3.69%
6500 SCHUSS MOUNTAIN LANE Mancelona, MI Welcome to your Schuss Village getaway! These two adjoining hotel units are ideally locate...	2 beds \| 2 baths \| 554 sq.ft.	$149,900	Airbnb cash on cash: -12.23% Traditional cash on cash: -3.23% Airbnb Rental Income: $586 Traditional Rental Income: $882 Airbnb ROI: -12.23% Traditional ROI: -3.23%
6500 SCHUSS MOUNTAIN LANE #137 & 138 Mancelona, MI Welcome to your Schuss Village getaway! These two adjoining hotel units are ideally locate...	2 beds \| 2 baths \| 554 sq.ft.	$149,900	Airbnb cash on cash: 4.01% Traditional cash on cash: 7.78% Airbnb Rental Income: $1266 Traditional Rental Income: $1408 Airbnb ROI: 4.01% Traditional ROI: 7.78%
7013 Schuss Mountain Road Mancelona, MI This Craftsman style updated home sits on a one-acre parcel surrounded by a mix of hardwoo...	3 beds \| 2 baths \| 900 sq.ft.	$250,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 3.74% Airbnb Rental Income: $1615 Traditional Rental Income: $1571 Airbnb ROI: 1.99% Traditional ROI: 3.74%
5568 S US-131 Mancelona, MI New Lower Price for this updated home with Acreage! Charming Countryside Retreat on 8 Acre...	4 beds \| 2 baths \| 1,800 sq.ft.	$358,900	Airbnb cash on cash: 3.64% Traditional cash on cash: 4.35% Airbnb Rental Income: $2362 Traditional Rental Income: $2017 Airbnb ROI: 3.64% Traditional ROI: 4.35%
8424 Pineview Drive Mancelona, MI Nestled in the Lakes of the North HOA, this chalet offers the perfect setting for a peacef...	3 beds \| 2 baths \| 2,408 sq.ft.	$289,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 6.06% Airbnb Rental Income: $1615 Traditional Rental Income: $2244 Airbnb ROI: 2.07% Traditional ROI: 6.06%
3727 Boardwalk Way NE Mancelona, MI Tucked away in the heart of Northern Michigan, this beautiful 6.69-acre property offers th...	2 beds \| 2 baths \| 924 sq.ft.	$154,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 9.2% Airbnb Rental Income: $1266 Traditional Rental Income: $1692 Airbnb ROI: 3.63% Traditional ROI: 9.2%
6586 Breezewood Drive Mancelona, MI Cute 3 bedroom Chalet that would make a great starter home or retirement home. Home featur...	3 beds \| 1 baths \| 1,894 sq.ft.	$220,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 5.78% Airbnb Rental Income: $1615 Traditional Rental Income: $1715 Airbnb ROI: 3.1% Traditional ROI: 5.78%
10097 Valley Park Drive Mancelona, MI Motivated Sellers! 4-bedroom, 2-bath home in Lakes of the North offering comfort, space, a...	4 beds \| 2 baths \| 1,073 sq.ft.	$285,000	Airbnb cash on cash: 4.97% Traditional cash on cash: 5.95% Airbnb Rental Income: $2362 Traditional Rental Income: $2042 Airbnb ROI: 4.97% Traditional ROI: 5.95%
9269 Gedman Road Mancelona, MI Welcome to the shores of Starvation Lake! This cottage is nestled on 2 parcels, on an all-...	2 beds \| 1 baths \| 792 sq.ft.	$499,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 1.45% Airbnb Rental Income: $1266 Traditional Rental Income: $1533 Airbnb ROI: 0.02% Traditional ROI: 1.45%
8509 Grant Road Mancelona, MI Welcome to this brand-new construction home featuring 2 bedrooms and 1 full bathroom with ...	2 beds \| 1 baths \| 850 sq.ft.	$205,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 4.46% Airbnb Rental Income: $1266 Traditional Rental Income: $1450 Airbnb ROI: 1.46% Traditional ROI: 4.46%
11159 MANCELONA ROAD Mancelona, MI Located in Lakes of the North***Experience the pinnacle of modern Up North living in this ...	4 beds \| 2 baths \| 2,280 sq.ft.	$389,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 5.01% Airbnb Rental Income: $2362 Traditional Rental Income: $2847 Airbnb ROI: 2.09% Traditional ROI: 5.01%
568 NE Plum Valley Road Mancelona, MI Completed in 2024, this newly built home in the heart of Northern Michigan, offers the opp...	3 beds \| 2 baths \| 1,232 sq.ft.	$350,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 5.06% Airbnb Rental Income: $1615 Traditional Rental Income: $2394 Airbnb ROI: 1.3% Traditional ROI: 5.06%
9098 SUNSET TRAIL, NE Mancelona, MI Northern Michigan Log Home with Pole Barn, RV Accommodations & Nearby ORV Trails! Experien...	2 beds \| 2 baths \| 1,152 sq.ft.	$499,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 0.52% Airbnb Rental Income: $1266 Traditional Rental Income: $1514 Airbnb ROI: -0.87% Traditional ROI: 0.52%
2272 S M-66 Highway Mancelona, MI Experience the perfect blend of tranquility and convenience in this beautifully remodeled ...	4 beds \| 2 baths \| 2,015 sq.ft.	$299,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 7.73% Airbnb Rental Income: $2362 Traditional Rental Income: $2693 Airbnb ROI: 4.49% Traditional ROI: 7.73%
8124 Fairway Hollow Drive Mancelona, MI MOTIVATED SELLER, PRICE REDUCED BY $10,000 WILL LOOK AT ANY REASONABLE OFFER A MUST-SEE GO...	3 beds \| 3 baths \| 2,493 sq.ft.	$319,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 8.09% Airbnb Rental Income: $1615 Traditional Rental Income: $3034 Airbnb ROI: 1.83% Traditional ROI: 8.09%
7769 Covert Road Mancelona, MI Set on a quiet stretch of Northern Michigan countryside, 7769 Covert Rd NE offers a compel...	2 beds \| 1 baths \| 1,192 sq.ft.	$275,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 3.74% Airbnb Rental Income: $1266 Traditional Rental Income: $1469 Airbnb ROI: 1.41% Traditional ROI: 3.74%
7741 S M-88 Mancelona, MI Historic Family Farmhouse on a gorgeous 80-acre tract of land. Family owned since the earl...	5 beds \| 2 baths \| 2,100 sq.ft.	$799,900	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.86% Airbnb Rental Income: $2470 Traditional Rental Income: $2622 Airbnb ROI: -0.15% Traditional ROI: 0.86%
601 Kresnak Mancelona, MI Claim this country homestead as your own! Set on nearly 5 acres, the 3-bedroom ranch home ...	3 beds \| 2 baths \| 1,556 sq.ft.	$290,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 3.86% Airbnb Rental Income: $1615 Traditional Rental Income: $1837 Airbnb ROI: 1.37% Traditional ROI: 3.86%
411 E Calhoun Street Mancelona, MI Three bedroom, one bath home with full basement and attached garage. It's on a large lot a...	3 beds \| 1 baths \| 1,920 sq.ft.	$145,000	Airbnb cash on cash: 5.15% Traditional cash on cash: 9.24% Airbnb Rental Income: $1615 Traditional Rental Income: $1725 Airbnb ROI: 5.15% Traditional ROI: 9.24%
11533 Berry Lane Mancelona, MI TRAIL RIDER'S DREAM ON 10 BEAUTIFUL ACRES! Welcome to your Northwoods getaway in beautiful...	1 beds \| 1 baths \| 480 sq.ft.	$252,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 2.31% Airbnb Rental Income: $586 Traditional Rental Income: $1242 Airbnb ROI: -1.65% Traditional ROI: 2.31%
7166 Larkspur Drive Mancelona, MI Welcome home to this beautiful new construction 3-bedroom, 2-bath home located in the desi...	3 beds \| 2 baths \| 1,590 sq.ft.	$218,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 8.86% Airbnb Rental Income: $1615 Traditional Rental Income: $2479 Airbnb ROI: 2.46% Traditional ROI: 8.86%
7307 Willowbrook Circle Mancelona, MI Brand-new and never lived in! This spacious 4 bedroom, 2 bath home is located in the desir...	4 beds \| 2 baths \| 1,493 sq.ft.	$209,000	Airbnb cash on cash: 5.82% Traditional cash on cash: 8.63% Airbnb Rental Income: $2362 Traditional Rental Income: $2338 Airbnb ROI: 5.82% Traditional ROI: 8.63%
3473 NE Twin Lake Road Mancelona, MI 10 Acres of Wooded Privacy with ORV Trails, Nearby Lakes & Convenient Location! Discover t...	4 beds \| 2 baths \| 1,280 sq.ft.	$209,900	Airbnb cash on cash: 5.96% Traditional cash on cash: 7.86% Airbnb Rental Income: $2362 Traditional Rental Income: $2157 Airbnb ROI: 5.96% Traditional ROI: 7.86%
10511 Lake Of The Woods Road Mancelona, MI PICTURESQUE, PEACEFUL & PRIVATE 5-ACRE sanctuary setting comes with this solid/clean stick...	2 beds \| 2 baths \| 1,100 sq.ft.	$279,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.73% Airbnb Rental Income: $1266 Traditional Rental Income: $1742 Airbnb ROI: 0.41% Traditional ROI: 3.73%

Real Estate investment in Mancelona, MI

There are 54 properties for sale in the city of Mancelona . The median list price in Mancelona is $194,407 and the average price per square foot is $133. In November 2026, the average monthly cash on cash return in Mancelona is 6.00%. The average monthly rental income in Mancelona is $1,809.

Mancelona, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 54 investment properties available for sale in Mancelona.

In 2026, the best neighborhood to buy investment property is Mancelona.

The ROI for Long-Term is higher than the Short-Term in Mancelona with average rental income of $1,809.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

6519 Schuss Mountain Lane

Mancelona, MI

2 beds | 2 baths | 850 sq.ft.

$249,900

Airbnb cash on cash: -1.13%

Traditional cash on cash: 1.79%

Airbnb Rental Income: $1266

Traditional Rental Income: $1557

Airbnb ROI: -1.13%

Traditional ROI: 1.79%

4524 SUMMER LANE

Mancelona, MI

3 beds | 1 baths | 864 sq.ft.

$229,000

Airbnb cash on cash: 2.39%

Traditional cash on cash: 4.76%

Airbnb Rental Income: $1615

Traditional Rental Income: $1671

Airbnb ROI: 2.39%

Traditional ROI: 4.76%

601 Kresnak Road

Mancelona, MI

3 beds | 2 baths | 1,556 sq.ft.

$290,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 6.6%

Airbnb Rental Income: $1615

Traditional Rental Income: $2408

Airbnb ROI: 2.02%

Traditional ROI: 6.6%

9325 NE Barnhart Road

Mancelona, MI

2 beds | 1 baths | 768 sq.ft.

$259,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $1266

Traditional Rental Income: $1451

Airbnb ROI: 0.64%

Traditional ROI: 3.04%

5635 Mystic Drive

Mancelona, MI

2 beds | 2 baths | 2,160 sq.ft.

$460,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 4.97%

Airbnb Rental Income: $1266

Traditional Rental Income: $2840

Airbnb ROI: 0.39%

Traditional ROI: 4.97%

6609 Deepwood Drive

Mancelona, MI

3 beds | 2 baths | 1,281 sq.ft.

$300,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1615

Traditional Rental Income: $2441

Airbnb ROI: 2.12%

Traditional ROI: 6.67%

5391 Scholl Road

Mancelona, MI

4 beds | 3 baths | 4,150 sq.ft.

$650,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 3.05%

Airbnb Rental Income: $2362

Traditional Rental Income: $3474

Airbnb ROI: 0.25%

Traditional ROI: 3.05%

9799 Skytrails Circle

Mancelona, MI

3 beds | 2 baths | 2,570 sq.ft.

$319,900

Airbnb cash on cash: 1.16%

Traditional cash on cash: 3.69%

Airbnb Rental Income: $1615

Traditional Rental Income: $1918

Airbnb ROI: 1.16%