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 Ln Mancelona, MI Welcome to an exceptional retreat at Schuss Mountain! This rare slope-side, TURN KEY end u...	2 beds \| 2 baths \| 850 sq.ft.	$230,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.39% Airbnb Rental Income: $1220 Traditional Rental Income: $1557 Airbnb ROI: 0.04% Traditional ROI: 3.39%
6531 Schuss Mountain Ln Mancelona, MI This GORGEOUS, one of a kind condo is truly a gem like no other. When location and privac...	1 beds \| 1 baths \| 430 sq.ft.	$139,900	Airbnb cash on cash: -2.88% Traditional cash on cash: 1.68% Airbnb Rental Income: $609 Traditional Rental Income: $930 Airbnb ROI: -2.88% Traditional ROI: 1.68%
8768 Sunset Trl Mancelona, MI GORGEOUS LOG-SIDED HOME ON CRYSTAL CLEAR STARVATION LAKE! Three acre setting has120 feet o...	3 beds \| 3 baths \| 2,431 sq.ft.	$1,100,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 0.28% Airbnb Rental Income: $1685 Traditional Rental Income: $2970 Airbnb ROI: -1.43% Traditional ROI: 0.28%
7686 Wyndamar Dr Mancelona, MI This well-maintained 3-bedroom, 2-bath home features an open floor plan that creates a bri...	3 beds \| 2 baths \| 1,200 sq.ft.	$269,900	Airbnb cash on cash: 2.93% Traditional cash on cash: 4.47% Airbnb Rental Income: $1685 Traditional Rental Income: $1606 Airbnb ROI: 2.93% Traditional ROI: 4.47%
6658 Schuss Mountain Lane #3272 Mancelona, MI Shanty Creek - Schuss Village 3-bedroom, 3-bathroom condo on the top-floor. Semi-private e...	3 beds \| 3 baths \| 1,559 sq.ft.	$379,000	Airbnb cash on cash: -1.18% Traditional cash on cash: -1.09% Airbnb Rental Income: $1685 Traditional Rental Income: $1245 Airbnb ROI: -1.18% Traditional ROI: -1.09%
8610 Grassmere Ct Mancelona, MI Located on a quiet cul-de-sac in Lakes of the North, this story-and-a-half home offers a c...	2 beds \| 1 baths \| 772 sq.ft.	$120,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 9.34% Airbnb Rental Income: $1220 Traditional Rental Income: $1420 Airbnb ROI: 4.22% Traditional ROI: 9.34%
5635 Mystic Dr Mancelona, MI CEDAR RIVER DISTINCTIVE CRAFTSMAN HOME is the perfect retreat tucked away at the end of a ...	2 beds \| 1 baths \| 2,160 sq.ft.	$475,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.79% Airbnb Rental Income: $1220 Traditional Rental Income: $2840 Airbnb ROI: 0.26% Traditional ROI: 4.79%
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: 2.33% Traditional cash on cash: 6.67% Airbnb Rental Income: $1685 Traditional Rental Income: $2441 Airbnb ROI: 2.33% Traditional ROI: 6.67%
5391 Scholl Rd Mancelona, MI Escape to your own Northern Michigan paradise with this incredible 4 bedroom, 2.5 bathroom...	4 beds \| 2 baths \| 4,150 sq.ft.	$650,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 3.05% Airbnb Rental Income: $1717 Traditional Rental Income: $3474 Airbnb ROI: -0.63% Traditional ROI: 3.05%
9817 Montrose Dr Mancelona, MI Built in 2020, this beautifully maintained 2-bedroom, 1-bath home offers modern comfort in...	2 beds \| 1 baths \| 900 sq.ft.	$200,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 7.34% Airbnb Rental Income: $1220 Traditional Rental Income: $1720 Airbnb ROI: 2.64% Traditional ROI: 7.34%
8768 Sunset Trail, NE Mancelona, MI Beautiful Starvation Lake - where the livin' is easy and Northern Michigan memories are ma...	3 beds \| 3 baths \| 3,807 sq.ft.	$1,100,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 0.54% Airbnb Rental Income: $1685 Traditional Rental Income: $3232 Airbnb ROI: -1.43% Traditional ROI: 0.54%
9799 Skytrails Cir Mancelona, MI Welcome to Lakes of the North! This home is a breath of fresh air and so are all of the am...	3 beds \| 2 baths \| 2,570 sq.ft.	$329,900	Airbnb cash on cash: 2.1% Traditional cash on cash: 4.36% Airbnb Rental Income: $1685 Traditional Rental Income: $1918 Airbnb ROI: 2.1% Traditional ROI: 4.36%
4501 Oslund Road Mancelona, MI Welcome to your private northern Michigan retreat. This move-in-ready, turn-key three-bedr...	3 beds \| 1 baths \| 960 sq.ft.	$159,000	Airbnb cash on cash: 5.61% Traditional cash on cash: 9.2% Airbnb Rental Income: $1685 Traditional Rental Income: $1760 Airbnb ROI: 5.61% Traditional ROI: 9.2%
6500 Schuss Mountain Ln #117 Mancelona, MI Own an affordable piece of northern Michigan history in the iconic main lodge at Schuss Mo...	1 beds \| 1 baths \| 288 sq.ft.	$64,900	Airbnb cash on cash: -5.65% Traditional cash on cash: 1.25% Airbnb Rental Income: $609 Traditional Rental Income: $765 Airbnb ROI: -5.65% Traditional ROI: 1.25%
6500 Schuss Mountain Ln Mancelona, MI Hello Shanty Creek! Pack your bags and head up north to play and stay awhile! This unit of...	2 beds \| 2 baths \| 554 sq.ft.	$149,900	Airbnb cash on cash: -4.64% Traditional cash on cash: 4.07% Airbnb Rental Income: $609 Traditional Rental Income: $882 Airbnb ROI: -4.64% Traditional ROI: 4.07%
6520 Schuss Mountain Ln Mancelona, MI This stunning 2-bedroom, 2-bath penthouse Cortina condo at Schuss Village in Shanty Creek ...	2 beds \| 1 baths \| 600 sq.ft.	$174,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 4.39% Airbnb Rental Income: $1220 Traditional Rental Income: $1667 Airbnb ROI: -0.65% Traditional ROI: 4.39%
6075 Cedar River Road Mancelona, MI Back on the market due to the previous buyers' contingency not being met. Don't miss your ...	4 beds \| 2 baths \| 2,600 sq.ft.	$425,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 4.87% Airbnb Rental Income: $1717 Traditional Rental Income: $2627 Airbnb ROI: 1.39% Traditional ROI: 4.87%
5884 Scholl Rd Mancelona, MI Investor Opportunity! This is an excellent opportunity to develop a 10 acre parcel filled ...	3 beds \| 1 baths \| 1,235 sq.ft.	$139,900	Airbnb cash on cash: 5.85% Traditional cash on cash: 7.83% Airbnb Rental Income: $1685 Traditional Rental Income: $1480 Airbnb ROI: 5.85% Traditional ROI: 7.83%
5568 S US-131 Mancelona, MI Acreage! Charming Countryside Retreat on 8 Acres â Just Northeast of Mancelona. Welcome...	4 beds \| 2 baths \| 1,800 sq.ft.	$369,900	Airbnb cash on cash: 1.96% Traditional cash on cash: 4.19% Airbnb Rental Income: $1717 Traditional Rental Income: $2017 Airbnb ROI: 1.96% Traditional ROI: 4.19%
9500 Wilamont Cir Mancelona, MI Experience Northern Michigan living in this unique modern shipping container home, built i...	3 beds \| 2 baths \| 960 sq.ft.	$450,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.68% Airbnb Rental Income: $1685 Traditional Rental Income: $2172 Airbnb ROI: 0.41% Traditional ROI: 2.68%
8424 Pineview Dr 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: 2.28% Traditional cash on cash: 6.06% Airbnb Rental Income: $1685 Traditional Rental Income: $2244 Airbnb ROI: 2.28% Traditional ROI: 6.06%
220 E State St Mancelona, MI Renovated Victorian style home 2 blocks from Downtown Mancelona. Home sits on 2 Village Lo...	4 beds \| 1 baths \| 1,782 sq.ft.	$199,900	Airbnb cash on cash: 4.56% Traditional cash on cash: 7.97% Airbnb Rental Income: $1717 Traditional Rental Income: $1890 Airbnb ROI: 4.56% Traditional ROI: 7.97%
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.	$159,900	Airbnb cash on cash: 3.23% Traditional cash on cash: 8.89% Airbnb Rental Income: $1220 Traditional Rental Income: $1692 Airbnb ROI: 3.23% Traditional ROI: 8.89%
6842 Rue De Montagne Mancelona, MI Tucked away in a private setting with frontage on the 13th hole of Schuss Mountain Golf Co...	4 beds \| 3 baths \| 1,842 sq.ft.	$600,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 4.54% Airbnb Rental Income: $1717 Traditional Rental Income: $3754 Airbnb ROI: 0.05% Traditional ROI: 4.54%
401 Sunnyside Street Mancelona, MI Make yourself at home! Spacious house on a large corner lot, in a lovely west-side neighbo...	4 beds \| 2 baths \| 2,354 sq.ft.	$225,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 10.41% Airbnb Rental Income: $1717 Traditional Rental Income: $2709 Airbnb ROI: 3.52% Traditional ROI: 10.41%
9966 Skytrails Cir Mancelona, MI Welcome to your Up North retreat! This charming 3-bedroom, 2-bathroom home features an ope...	3 beds \| 2 baths \| 1,200 sq.ft.	$260,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 6.45% Airbnb Rental Income: $1685 Traditional Rental Income: $2086 Airbnb ROI: 2.9% Traditional ROI: 6.45%
8804 Sunset Trail Road NE Mancelona, MI Welcome to beautiful Starvation Lake which is 134 acres & 0.8 mile long, spring fed sandy ...	3 beds \| 2 baths \| 1,318 sq.ft.	$549,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.8% Airbnb Rental Income: $1685 Traditional Rental Income: $2460 Airbnb ROI: 0.38% Traditional ROI: 2.8%
6586 Breezewood Dr 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.	$249,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 5.01% Airbnb Rental Income: $1685 Traditional Rental Income: $1715 Airbnb ROI: 2.88% Traditional ROI: 5.01%
8414 NE Besaw Rd Mancelona, MI 8414 NE Besaw Rd, Mancelona, MI 49659 \| Single Family Residential	2 beds \| 1 baths \| 945 sq.ft.	$269,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.33% Airbnb Rental Income: $1220 Traditional Rental Income: $1582 Airbnb ROI: 0.37% Traditional ROI: 3.33%
00 N US-131 Mancelona, MI 00 US-131 N, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$68,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 7.98% Airbnb Rental Income: $495 Traditional Rental Income: $800 Airbnb ROI: -0.54% Traditional ROI: 7.98%
2641 NE Plum Valley Rd Mancelona, MI 2641 NE Plum Valley Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$251,900	Airbnb cash on cash: -1.97% Traditional cash on cash: 0.45% Airbnb Rental Income: $495 Traditional Rental Income: $800 Airbnb ROI: -1.97% Traditional ROI: 0.45%
Us-131 Hwy Mancelona, MI Us-131 Hwy, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| 1,240 sq.ft.	$139,900	Airbnb cash on cash: -1.54% Traditional cash on cash: 5.12% Airbnb Rental Income: $495 Traditional Rental Income: $1117 Airbnb ROI: -1.54% Traditional ROI: 5.12%
6658 Schuss Mountain Ln Mancelona, MI 6658 Schuss Mountain Ln, Mancelona, MI 49659 \| Condo/Coop	2 beds \| 1 baths \| 720 sq.ft.	$169,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 8.56% Airbnb Rental Income: $1220 Traditional Rental Income: $2392 Airbnb ROI: -1.1% Traditional ROI: 8.56%
4856 Mancelona Rd Mancelona, MI 4856 Mancelona Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$290,000	Airbnb cash on cash: -2.04% Traditional cash on cash: 0.07% Airbnb Rental Income: $495 Traditional Rental Income: $800 Airbnb ROI: -2.04% Traditional ROI: 0.07%
Kresnak Rd Mancelona, MI Kresnak Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$79,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 7.12% Airbnb Rental Income: $495 Traditional Rental Income: $840 Airbnb ROI: -0.8% Traditional ROI: 7.12%
808 Kresnak Rd Mancelona, MI 808 Kresnak Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$239,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 0.79% Airbnb Rental Income: $495 Traditional Rental Income: $840 Airbnb ROI: -1.94% Traditional ROI: 0.79%

Real Estate investment in Mancelona, MI

There are 135 properties for sale in the city of Mancelona . The median list price in Mancelona is $125,000 and the average price per square foot is $84. In September 2026, the average monthly cash on cash return in Mancelona is 7.00%. The average monthly rental income in Mancelona is $1,455.

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

There are 135 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 $1,455.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

6519 Schuss Mountain Ln

Mancelona, MI

2 beds | 2 baths | 850 sq.ft.

$230,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $1220

Traditional Rental Income: $1557

Airbnb ROI: 0.04%

Traditional ROI: 3.39%

6531 Schuss Mountain Ln

Mancelona, MI

1 beds | 1 baths | 430 sq.ft.

$139,900

Airbnb cash on cash: -2.88%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $609

Traditional Rental Income: $930

Airbnb ROI: -2.88%

Traditional ROI: 1.68%

8768 Sunset Trl

Mancelona, MI

3 beds | 3 baths | 2,431 sq.ft.

$1,100,000

Airbnb cash on cash: -1.43%

Traditional cash on cash: 0.28%

Airbnb Rental Income: $1685

Traditional Rental Income: $2970

Airbnb ROI: -1.43%

Traditional ROI: 0.28%

7686 Wyndamar Dr

Mancelona, MI

3 beds | 2 baths | 1,200 sq.ft.

$269,900

Airbnb cash on cash: 2.93%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $1685

Traditional Rental Income: $1606

Airbnb ROI: 2.93%

Traditional ROI: 4.47%

6658 Schuss Mountain Lane #3272

Mancelona, MI

3 beds | 3 baths | 1,559 sq.ft.

$379,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1685

Traditional Rental Income: $1245

Airbnb ROI: -1.18%

Traditional ROI: -1.09%

8610 Grassmere Ct

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$120,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 9.34%

Airbnb Rental Income: $1220

Traditional Rental Income: $1420

Airbnb ROI: 4.22%

Traditional ROI: 9.34%

5635 Mystic Dr

Mancelona, MI

2 beds | 1 baths | 2,160 sq.ft.

$475,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 4.79%

Airbnb Rental Income: $1220

Traditional Rental Income: $2840

Airbnb ROI: 0.26%

Traditional ROI: 4.79%

6609 Deepwood Drive

Mancelona, MI

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

$300,000

Airbnb cash on cash: 2.33%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1685

Traditional Rental Income: $2441

Airbnb ROI: 2.33%