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
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: -2.1% Traditional cash on cash: -1.09% Airbnb Rental Income: $1292 Traditional Rental Income: $1245 Airbnb ROI: -2.1% 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: 1.41% Traditional cash on cash: 8.23% Airbnb Rental Income: $869 Traditional Rental Income: $1420 Airbnb ROI: 1.41% Traditional ROI: 8.23%
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: 1.17% Traditional cash on cash: 6.67% Airbnb Rental Income: $1292 Traditional Rental Income: $2441 Airbnb ROI: 1.17% Traditional ROI: 6.67%
7332 NE Starvation Lake Road Mancelona, MI Tucked 600 feet off the road for exceptional privacy, this beautifully remodeled 3-bed, 2-...	3 beds \| 2 baths \| 1,200 sq.ft.	$260,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.51% Airbnb Rental Income: $1292 Traditional Rental Income: $2039 Airbnb ROI: 1.82% Traditional ROI: 6.51%
7939 NE Co Road 571 Mancelona, MI Set on 4 private acres just outside Mancelona, this solid brick ranch offers space, privac...	2 beds \| 2 baths \| 1,780 sq.ft.	$300,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 5.29% Airbnb Rental Income: $869 Traditional Rental Income: $2300 Airbnb ROI: -0.96% Traditional ROI: 5.29%
6520 SCHUSS MOUNTAIN LANE Mancelona, MI This stunning 2-bedroom, 2-bath penthouse Cortina condo at Schuss Village in Shanty Creek ...	2 beds \| 2 baths \| 1,200 sq.ft.	$325,000	Airbnb cash on cash: -1.93% Traditional cash on cash: 1.77% Airbnb Rental Income: $869 Traditional Rental Income: $1667 Airbnb ROI: -1.93% 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: 0.91% Traditional cash on cash: 5.55% Airbnb Rental Income: $1292 Traditional Rental Income: $2362 Airbnb ROI: 0.91% Traditional ROI: 5.55%
8424 Pineview Dr Mancelona, MI Nestled in the Lakes of the North community, this charming chalet offers the perfect setti...	3 beds \| 2 baths \| 2,408 sq.ft.	$320,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 5.53% Airbnb Rental Income: $1292 Traditional Rental Income: $2244 Airbnb ROI: 1.02% Traditional ROI: 5.53%
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.	$275,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 6.05% Airbnb Rental Income: $1292 Traditional Rental Income: $2086 Airbnb ROI: 1.43% Traditional ROI: 6.05%
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: -0.03% Traditional cash on cash: 3.06% Airbnb Rental Income: $1292 Traditional Rental Income: $1874 Airbnb ROI: -0.03% Traditional ROI: 3.06%
2327 Ski Run Rd Mancelona, MI Opportunity meets versatility with this unique Northern Michigan property just minutes fro...	3 beds \| N/A baths \| 1,298 sq.ft.	$205,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.77% Airbnb Rental Income: $1292 Traditional Rental Income: $1898 Airbnb ROI: 1.57% Traditional ROI: 6.77%
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: -0.51% Traditional cash on cash: 6.57% Airbnb Rental Income: $869 Traditional Rental Income: $2396 Airbnb ROI: -0.51% 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: -0.31% Traditional cash on cash: 2.65% Airbnb Rental Income: $1292 Traditional Rental Income: $2460 Airbnb ROI: -0.31% 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: 5.35% Traditional cash on cash: 11.83% Airbnb Rental Income: $1883 Traditional Rental Income: $2610 Airbnb ROI: 5.35% Traditional ROI: 11.83%
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.	$419,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 3.89% Airbnb Rental Income: $1292 Traditional Rental Income: $2447 Airbnb ROI: -0.07% Traditional ROI: 3.89%
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: 1.3% Traditional cash on cash: 5.87% Airbnb Rental Income: $1883 Traditional Rental Income: $3007 Airbnb ROI: 1.3% Traditional ROI: 5.87%
10089 Otis Dr Mancelona, MI Welcome to this inviting 2-bedroom, 1-bath home offering 1,080 sq ft of comfortable living...	2 beds \| 1 baths \| 1,080 sq.ft.	$219,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 5.48% Airbnb Rental Income: $869 Traditional Rental Income: $1497 Airbnb ROI: 0.86% Traditional ROI: 5.48%
6304 Wilderness Dr Mancelona, MI Perfect blend of privacy and modern living in this new 3-bed, 2-bath home located on the d...	3 beds \| 2 baths \| 1,350 sq.ft.	$259,900	Airbnb cash on cash: 0.72% Traditional cash on cash: 5.91% Airbnb Rental Income: $1292 Traditional Rental Income: $2161 Airbnb ROI: 0.72% Traditional ROI: 5.91%
10704 Country Club Drive Mancelona, MI This charming Lakes of the North home has been fully renovated down to the studs. This thr...	3 beds \| 1 baths \| 1,120 sq.ft.	$224,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 5.05% Airbnb Rental Income: $1292 Traditional Rental Income: $1705 Airbnb ROI: 1.21% Traditional ROI: 5.05%
10511 Lake Of The Woods Rd Mancelona, MI 5-10 MIN TO TORCH LK/ALDEN, SHORTS/BELLAIRE, SHANTY/SCHUSS LOCATED ON SERENELY PICTURESQUE...	2 beds \| 2 baths \| 1,100 sq.ft.	$339,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.92% Airbnb Rental Income: $869 Traditional Rental Income: $1830 Airbnb ROI: -1.14% Traditional ROI: 2.92%
6520 SCHUSS MOUNTAIN LANE 209 Mancelona, MI This stunning 2-bedroom, 2-bath penthouse Cortina condo at Schuss Village in Shanty Creek ...	2 beds \| 2 baths \| 1,200 sq.ft.	$325,000	Airbnb cash on cash: -2.7% Traditional cash on cash: 1.46% Airbnb Rental Income: $869 Traditional Rental Income: $1805 Airbnb ROI: -2.7% Traditional ROI: 1.46%
8460 NE Covert Road Mancelona, MI Welcome to your private country retreat! Nestled on 4 beautiful acres and surrounded by na...	2 beds \| 2 baths \| 2,100 sq.ft.	$195,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 9.6% Airbnb Rental Income: $869 Traditional Rental Income: $2337 Airbnb ROI: -0.13% Traditional ROI: 9.6%
6658 Schuss Mountain Ln #3256 Mancelona, MI Looking for a summer residence? Stay all summer and rent in the winter to generate income...	2 beds \| 2 baths \| 800 sq.ft.	$239,000	Airbnb cash on cash: -2.17% Traditional cash on cash: 2.68% Airbnb Rental Income: $869 Traditional Rental Income: $1632 Airbnb ROI: -2.17% Traditional ROI: 2.68%
6514 Wilderness Dr Mancelona, MI Escape to your perfect Northern Michigan haven! Nestled on two spacious lots in the highly...	3 beds \| 2 baths \| 1,997 sq.ft.	$319,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 5.58% Airbnb Rental Income: $1292 Traditional Rental Income: $2587 Airbnb ROI: -0.07% Traditional ROI: 5.58%
9391 NE Chippewa Drive #21 Mancelona, MI Charming stick-built 2-bedroom, 2-bath, 1,100 sq. ft. condo with an attached, heated, fini...	2 beds \| 2 baths \| 1,100 sq.ft.	$219,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 7.04% Airbnb Rental Income: $869 Traditional Rental Income: $1837 Airbnb ROI: 0.77% Traditional ROI: 7.04%

Real Estate investment in Mancelona, MI

There are 42 properties for sale in the city of Mancelona . The median list price in Mancelona is $275,000 and the average price per square foot is $182. In April 2026, the average monthly cash on cash return in Mancelona is 6.00%. The average monthly rental income in Mancelona is $2,063.

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

There are 42 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 $2,063.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

6658 Schuss Mountain Lane #3272

Mancelona, MI

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

$379,000

Airbnb cash on cash: -2.1%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1292

Traditional Rental Income: $1245

Airbnb ROI: -2.1%

Traditional ROI: -1.09%

8610 Grassmere Ct

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$135,000

Airbnb cash on cash: 1.41%

Traditional cash on cash: 8.23%

Airbnb Rental Income: $869

Traditional Rental Income: $1420

Airbnb ROI: 1.41%

Traditional ROI: 8.23%

6609 Deepwood Drive

Mancelona, MI

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

$300,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1292

Traditional Rental Income: $2441

Airbnb ROI: 1.17%

Traditional ROI: 6.67%

7332 NE Starvation Lake Road

Mancelona, MI

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

$260,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 6.51%

Airbnb Rental Income: $1292

Traditional Rental Income: $2039

Airbnb ROI: 1.82%

Traditional ROI: 6.51%

7939 NE Co Road 571

Mancelona, MI

2 beds | 2 baths | 1,780 sq.ft.

$300,000

Airbnb cash on cash: -0.96%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $869

Traditional Rental Income: $2300

Airbnb ROI: -0.96%

Traditional ROI: 5.29%

6520 SCHUSS MOUNTAIN LANE

Mancelona, MI

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

$325,000

Airbnb cash on cash: -1.93%

Traditional cash on cash: 1.77%

Airbnb Rental Income: $869

Traditional Rental Income: $1667

Airbnb ROI: -1.93%

Traditional ROI: 1.77%

7569 Cedar River Road

Mancelona, MI

3 beds | 3 baths | 2,000 sq.ft.

$338,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $1292

Traditional Rental Income: $2362

Airbnb ROI: 0.91%

Traditional ROI: 5.55%

8424 Pineview Dr

Mancelona, MI

3 beds | 2 baths | 2,408 sq.ft.

$320,000

Airbnb cash on cash: 1.02%

Traditional cash on cash: 5.53%

Airbnb Rental Income: $1292

Traditional Rental Income: $2244

Airbnb ROI: 1.02%