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.	$249,900	Airbnb cash on cash: -1.23% Traditional cash on cash: 2.97% Airbnb Rental Income: $883 Traditional Rental Income: $1557 Airbnb ROI: -1.23% Traditional ROI: 2.97%
6658 Schuss Mountain Lane #3272 Mancelona, MI Rarely available 3-bedroom, 3-bathroom condo where you'll take in breathtaking ski hill an...	3 beds \| 3 baths \| 1,559 sq.ft.	$379,000	Airbnb cash on cash: -2.06% Traditional cash on cash: -1.09% Airbnb Rental Income: $1309 Traditional Rental Income: $1245 Airbnb ROI: -2.06% 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.	$135,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 8.23% Airbnb Rental Income: $883 Traditional Rental Income: $1420 Airbnb ROI: 1.5% Traditional ROI: 8.23%
6658 Schuss Mountain Ln #3251 Mancelona, MI New paint, New flooring and New furniture! This completely updated main floor condo is re...	2 beds \| 1 baths \| 720 sq.ft.	$189,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 2.55% Airbnb Rental Income: $883 Traditional Rental Income: $1319 Airbnb ROI: -1.75% Traditional ROI: 2.55%
315 E Calhoun St Mancelona, MI Investor opportunity! This property is being offered at Public Auction on 06-07-2019. Visi...	3 beds \| 1 baths \| 1,298 sq.ft.	$139,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 9.14% Airbnb Rental Income: $1309 Traditional Rental Income: $1646 Airbnb ROI: 3.56% Traditional ROI: 9.14%
6609 Deepwood Drive Mancelona, MI Beautifully updated 3 bed, 2 bath ranch with attached garage. Garage has a drive through ...	3 beds \| 2 baths \| 1,281 sq.ft.	$300,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.67% Airbnb Rental Income: $1309 Traditional Rental Income: $2441 Airbnb ROI: 1.22% Traditional ROI: 6.67%
210 N Maple St Mancelona, MI Charming 3-bedroom, 1-bath ranch in Mancelona! Enjoy a large yard for the family, plus ple...	3 beds \| 1 baths \| 2,261 sq.ft.	$198,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 6.11% Airbnb Rental Income: $1309 Traditional Rental Income: $1510 Airbnb ROI: 2.87% Traditional ROI: 6.11%
10290 Carmichael Dr Mancelona, MI This unique fixer-upper is waiting for someone to bring this home back to life. Once compl...	2 beds \| N/A baths \| 939 sq.ft.	$105,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 10.57% Airbnb Rental Income: $883 Traditional Rental Income: $1359 Airbnb ROI: 2.6% Traditional ROI: 10.57%
6520 Schuss Mountain Ln Mancelona, MI Top floor 2 bedroom condo has peaceful and panoramic views. Cortina 3221 is 1200 sq ft wi...	2 beds \| 2 baths \| 1,200 sq.ft.	$325,000	Airbnb cash on cash: -1.89% Traditional cash on cash: 1.77% Airbnb Rental Income: $883 Traditional Rental Income: $1667 Airbnb ROI: -1.89% Traditional ROI: 1.77%
7569 Cedar River Road Mancelona, MI 2 Lots-Large 2800 sq ft home on one lot with an attached oversized 2 car garage, and the s...	3 beds \| 3 baths \| 2,000 sq.ft.	$338,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 5.55% Airbnb Rental Income: $1309 Traditional Rental Income: $2362 Airbnb ROI: 0.95% Traditional ROI: 5.55%
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.	$144,900	Airbnb cash on cash: 3.32% Traditional cash on cash: 7.48% Airbnb Rental Income: $1309 Traditional Rental Income: $1480 Airbnb ROI: 3.32% Traditional ROI: 7.48%
8334 Cinder Hill Road Mancelona, MI Complete make over & move in ready! This 3 bedroom, 2 bath, 1727 sq ft home has a new roof...	3 beds \| 2 baths \| 1,727 sq.ft.	$303,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.87% Airbnb Rental Income: $1309 Traditional Rental Income: $2419 Airbnb ROI: 1.57% Traditional ROI: 6.87%
7214 S M 66 Hwy Mancelona, MI Nestled on 44 breathtaking acres, this remarkable property offers a perfect blend of comfo...	4 beds \| 2 baths \| 3,008 sq.ft.	$669,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 2.98% Airbnb Rental Income: $1710 Traditional Rental Income: $2959 Airbnb ROI: 0.22% Traditional ROI: 2.98%
7848 S US-131 Mancelona, MI This charming renovated Cape Cod - Farm House is a rare find as it features sprawling 58 a...	3 beds \| 1 baths \| 1,240 sq.ft.	$339,500	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.06% Airbnb Rental Income: $1309 Traditional Rental Income: $1874 Airbnb ROI: 0.01% Traditional ROI: 3.06%
2327 Ski Run Rd Mancelona, MI 3-bedroom, 1-bath home on 2.5 acres with a detached 28' x 40' pole barn. Private, two parc...	3 beds \| 1 baths \| 1,298 sq.ft.	$199,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 7.04% Airbnb Rental Income: $1309 Traditional Rental Income: $1898 Airbnb ROI: 1.77% Traditional ROI: 7.04%
6500 Schuss Mountain Lane #112 Mancelona, MI Hello Shanty Creek! Pack your bags and head up north to play and stay awhile! This unit of...	1 beds \| 1 baths \| 324 sq.ft.	$74,900	Airbnb cash on cash: -4.83% Traditional cash on cash: 8.13% Airbnb Rental Income: $545 Traditional Rental Income: $1224 Airbnb ROI: -4.83% Traditional ROI: 8.13%
2370 Alden Hwy Mancelona, MI Private Northern Michigan dream property. Imagine acquiring two parcels comprised of 46 pl...	2 beds \| 2 baths \| 1,680 sq.ft.	$279,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 6.57% Airbnb Rental Income: $883 Traditional Rental Income: $2396 Airbnb ROI: -0.46% Traditional ROI: 6.57%
8804 Sunset Trail Rd 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.	$569,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.65% Airbnb Rental Income: $1309 Traditional Rental Income: $2460 Airbnb ROI: -0.28% Traditional ROI: 2.65%
7147 Willowbrook Cir Mancelona, MI New Home 2025 in Lakes of the North Association~where nature is calling to You. This spaci...	4 beds \| 2 baths \| 1,493 sq.ft.	$199,900	Airbnb cash on cash: 4.59% Traditional cash on cash: 11.83% Airbnb Rental Income: $1710 Traditional Rental Income: $2610 Airbnb ROI: 4.59% Traditional ROI: 11.83%
6519 Schuss Mountain Ln #3503/3504 Mancelona, MI Beautiful 2-bedroom, 2-bath condo located just steps from the base of the ski hill at Schu...	2 beds \| 2 baths \| 875 sq.ft.	$249,000	Airbnb cash on cash: -2.36% Traditional cash on cash: 2.27% Airbnb Rental Income: $883 Traditional Rental Income: $1637 Airbnb ROI: -2.36% Traditional ROI: 2.27%
6360 Little Twin Lake Rd NE Mancelona, MI Welcome to 6360 Little Twin Lake Rd, a lovely summer and winter retreat! The moment you ar...	3 beds \| 2 baths \| 1,372 sq.ft.	$439,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 3.68% Airbnb Rental Income: $1309 Traditional Rental Income: $2447 Airbnb ROI: -0.08% Traditional ROI: 3.68%
6519 Schuss Mountain Ln #512 Mancelona, MI Be the first to hit the slopes from this classic ski condo at Shanty Creek Resort. Featur...	2 beds \| 2 baths \| 850 sq.ft.	$249,900	Airbnb cash on cash: -2.37% Traditional cash on cash: 2.16% Airbnb Rental Income: $883 Traditional Rental Income: $1637 Airbnb ROI: -2.37% Traditional ROI: 2.16%
6586 Breezewood Dr Mancelona, MI ORV PARADISE! So many possibilities with this secluded property use as an up north getaway...	3 beds \| 1 baths \| 1,216 sq.ft.	$265,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 4.79% Airbnb Rental Income: $1309 Traditional Rental Income: $1715 Airbnb ROI: 1.54% Traditional ROI: 4.79%
8414 NE Besaw Rd Mancelona, MI 8414 NE Besaw Rd, Mancelona, MI 49659 \| Single Family Residential	2 beds \| 1 baths \| 945 sq.ft.	$360,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.88% Airbnb Rental Income: $883 Traditional Rental Income: $1582 Airbnb ROI: -1.18% Traditional ROI: 1.88%
10290 Carmichael Dr Lot : 11 Mancelona, MI 10290 Carmichael Dr Lot : 11, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$105,000	Airbnb cash on cash: -2.32% Traditional cash on cash: 4.5% Airbnb Rental Income: $360 Traditional Rental Income: $806 Airbnb ROI: -2.32% Traditional ROI: 4.5%
2641 NE Plum Valley Rd Mancelona, MI 2641 NE Plum Valley Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$365,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -0.46% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.47% Traditional ROI: -0.46%
Us-131 Hwy Mancelona, MI Us-131 Hwy, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| 1,240 sq.ft.	$149,900	Airbnb cash on cash: -2.38% Traditional cash on cash: 4.63% Airbnb Rental Income: $360 Traditional Rental Income: $1117 Airbnb ROI: -2.38% Traditional ROI: 4.63%
7569 Cedar River Rd Mancelona, MI 7569 Cedar River Rd, Mancelona, MI 49659 \| Single Family Residential	3 beds \| 3 baths \| 2,000 sq.ft.	$338,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 5.57% Airbnb Rental Income: $1309 Traditional Rental Income: $2665 Airbnb ROI: 0.02% Traditional ROI: 5.57%
7569 Cedar River Rd Lot : 4&5 Mancelona, MI 7569 Cedar River Rd Lot : 4&5, Mancelona, MI 49659 \| Single Family Residential	3 beds \| 3 baths \| 1,400 sq.ft.	$338,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.26% Airbnb Rental Income: $1309 Traditional Rental Income: $2249 Airbnb ROI: 0.02% Traditional ROI: 4.26%
6658 Schuss Mountain Ln Mancelona, MI 6658 Schuss Mountain Ln, Mancelona, MI 49659 \| Condo/Coop	2 beds \| 2 baths \| 800 sq.ft.	$254,900	Airbnb cash on cash: -2.8% Traditional cash on cash: 7.47% Airbnb Rental Income: $883 Traditional Rental Income: $2392 Airbnb ROI: -2.8% Traditional ROI: 7.47%
V/L 10.13A W Elder Rd Mancelona, MI V/L 10.13A W Elder Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$240,000	Airbnb cash on cash: -2.44% Traditional cash on cash: 0.6% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.44% Traditional ROI: 0.6%
VL Mancelona Rd Mancelona, MI VL Mancelona Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| 700 sq.ft.	$80,000	Airbnb cash on cash: -2.26% Traditional cash on cash: 6.49% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.26% Traditional ROI: 6.49%
5721 Scholl Rd Mancelona, MI 5721 Scholl Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$230,000	Airbnb cash on cash: -2.43% Traditional cash on cash: 0.73% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.43% Traditional ROI: 0.73%
PARCEL A-1 Oslund Rd Mancelona, MI PARCEL A-1 Oslund Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$174,900	Airbnb cash on cash: -2.4% Traditional cash on cash: 1.73% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.4% Traditional ROI: 1.73%
4856 Mancelona Rd Mancelona, MI 4856 Mancelona Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$335,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -0.28% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.47% Traditional ROI: -0.28%
NEC Scholl Satterly Lake Rd Mancelona, MI NEC Scholl Satterly Lake Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$799,888	Airbnb cash on cash: -2.51% Traditional cash on cash: -1.58% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.51% Traditional ROI: -1.58%
48 acres Wetzel Lake Rd Mancelona, MI 48 acres Wetzel Lake Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$239,250	Airbnb cash on cash: -2.44% Traditional cash on cash: 0.61% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.44% Traditional ROI: 0.61%
2554 Lee Derrer Rd Mancelona, MI 2554 Lee Derrer Rd, Mancelona, MI 49659 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 1.21% Airbnb Rental Income: $360 Traditional Rental Income: $800 Airbnb ROI: -2.42% Traditional ROI: 1.21%
2095 Musser Rd Mancelona, MI Experience ultimate versatility with 4 bedroom, 3 bath home on 2+ acres, PLUS garage with ...	4 beds \| 3 baths \| 3,960 sq.ft.	$379,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 5.39% Airbnb Rental Income: $1995 Traditional Rental Income: $2836 Airbnb ROI: 1.56% Traditional ROI: 5.39%
2095 Musser Mancelona, MI Experience ultimate versatility with 4 bedroom, 3 bath home on 2+ acres, PLUS garage with ...	4 beds \| 3 baths \| 3,960 sq.ft.	$379,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 1.96% Airbnb Rental Income: $1710 Traditional Rental Income: $1615 Airbnb ROI: 0.89% Traditional ROI: 1.96%

Real Estate investment in Mancelona, MI

There are 54 properties for sale in the city of Mancelona . The median list price in Mancelona is $112,450 and the average price per square foot is $86. In March 2026, the average monthly cash on cash return in Mancelona is 11.00%. The average monthly rental income in Mancelona is $823.

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 $823.

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.

$249,900

Airbnb cash on cash: -1.23%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $883

Traditional Rental Income: $1557

Airbnb ROI: -1.23%

Traditional ROI: 2.97%

6658 Schuss Mountain Lane #3272

Mancelona, MI

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

$379,000

Airbnb cash on cash: -2.06%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1309

Traditional Rental Income: $1245

Airbnb ROI: -2.06%

Traditional ROI: -1.09%

8610 Grassmere Ct

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$135,000

Airbnb cash on cash: 1.5%

Traditional cash on cash: 8.23%

Airbnb Rental Income: $883

Traditional Rental Income: $1420

Airbnb ROI: 1.5%

Traditional ROI: 8.23%

6658 Schuss Mountain Ln #3251

Mancelona, MI

2 beds | 1 baths | 720 sq.ft.

$189,000

Airbnb cash on cash: -1.75%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $883

Traditional Rental Income: $1319

Airbnb ROI: -1.75%

Traditional ROI: 2.55%

315 E Calhoun St

Mancelona, MI

3 beds | 1 baths | 1,298 sq.ft.

$139,000

Airbnb cash on cash: 3.56%

Traditional cash on cash: 9.14%

Airbnb Rental Income: $1309

Traditional Rental Income: $1646

Airbnb ROI: 3.56%

Traditional ROI: 9.14%

6609 Deepwood Drive

Mancelona, MI

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

$300,000

Airbnb cash on cash: 1.22%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1309

Traditional Rental Income: $2441

Airbnb ROI: 1.22%

Traditional ROI: 6.67%

210 N Maple St

Mancelona, MI

3 beds | 1 baths | 2,261 sq.ft.

$198,000

Airbnb cash on cash: 2.87%

Traditional cash on cash: 6.11%

Airbnb Rental Income: $1309

Traditional Rental Income: $1510

Airbnb ROI: 2.87%

Traditional ROI: 6.11%

10290 Carmichael Dr

Mancelona, MI

2 beds | N/A baths | 939 sq.ft.

$105,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 10.57%

Airbnb Rental Income: $883

Traditional Rental Income: $1359

Airbnb ROI: 2.6%