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
303 N Williams Street Mancelona, MI Charming Duplex in Mancelona â Great Investment Opportunity! Discover this fantastic du...	N/A beds \| N/A baths \| 2,104 sq.ft.	$149,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 9.25% Airbnb Rental Income: $1501 Traditional Rental Income: $1838 Airbnb ROI: 3.81% Traditional ROI: 9.25%
6519 Schuss Mountain Lane unit: 3507&3508 #3507&3508 Mancelona, MI Welcome to the Great Up North! Schuss Mountain is known for being a year round paradise fo...	2 beds \| 2 baths \| 1,043 sq.ft.	$254,900	Airbnb cash on cash: -1.02% Traditional cash on cash: 1.2% Airbnb Rental Income: $1273 Traditional Rental Income: $1405 Airbnb ROI: -1.02% Traditional ROI: 1.2%
9149 N Twin Lake Road Mancelona, MI Welcome to your Up North escape, with this 4 bedroom home, you will have access to all spo...	4 beds \| 2 baths \| 1,430 sq.ft.	$329,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 5.63% Airbnb Rental Income: $2585 Traditional Rental Income: $2622 Airbnb ROI: 3.52% Traditional ROI: 5.63%
6658 Schuss Mountain Lane Mancelona, MI Winter is coming and from this rarely available 3-bedroom, 3-bathroom condo at Shanty Cree...	3 beds \| 3 baths \| 1,559 sq.ft.	$379,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 0.24% Airbnb Rental Income: $1941 Traditional Rental Income: $1245 Airbnb ROI: 0.75% Traditional ROI: 0.24%
8610 Grassmere Court 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: 4% Traditional cash on cash: 8.23% Airbnb Rental Income: $1273 Traditional Rental Income: $1420 Airbnb ROI: 4% Traditional ROI: 8.23%
5635 Mystic Drive Mancelona, MI Distinctive Craftsman Home with 446â of Cedar River Frontage! Experience exceptional pr...	2 beds \| 2 baths \| 2,160 sq.ft.	$525,635	Airbnb cash on cash: 0.23% Traditional cash on cash: 4.23% Airbnb Rental Income: $1273 Traditional Rental Income: $2840 Airbnb ROI: 0.23% Traditional ROI: 4.23%
9098 Sunset Trail, NE Mancelona, MI Tucked away from the hustle and bustle, this true red pine log home offers the perfect san...	2 beds \| 2 baths \| 1,152 sq.ft.	$575,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.3% Airbnb Rental Income: $1273 Traditional Rental Income: $2118 Airbnb ROI: -0.02% Traditional ROI: 2.3%
7084 Little Twin Lake Road NE Mancelona, MI Discover the perfect blend of modern comfort and up-north charm in this beautifully remode...	2 beds \| 2 baths \| 928 sq.ft.	$359,900	Airbnb cash on cash: -0.22% Traditional cash on cash: 1.74% Airbnb Rental Income: $1273 Traditional Rental Income: $1534 Airbnb ROI: -0.22% Traditional ROI: 1.74%
6500 SCHUSS MOUNTAIN LANE 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: 0.63% Traditional cash on cash: 8.92% Airbnb Rental Income: $549 Traditional Rental Income: $882 Airbnb ROI: 0.63% Traditional ROI: 8.92%
6500 Schuss Mountain Lane #125 Mancelona, MI Turnkey Ski-In/Ski-Out Studio in Schuss Village! Experience four-season living at its fin...	1 beds \| 1 baths \| 320 sq.ft.	$65,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 10.4% Airbnb Rental Income: $549 Traditional Rental Income: $872 Airbnb ROI: 1.2% Traditional ROI: 10.4%
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.	$349,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 5.35% Airbnb Rental Income: $1941 Traditional Rental Income: $2362 Airbnb ROI: 2.5% Traditional ROI: 5.35%
9500 Wilamont Circle Mancelona, MI Experience the beauty of Northern Michigan in this modern shipping container home, built i...	3 beds \| 2 baths \| 960 sq.ft.	$579,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 1.93% Airbnb Rental Income: $1941 Traditional Rental Income: $2172 Airbnb ROI: 0.55% Traditional ROI: 1.93%
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.	$307,900	Airbnb cash on cash: 3.35% Traditional cash on cash: 6.77% Airbnb Rental Income: $1941 Traditional Rental Income: $2419 Airbnb ROI: 3.35% Traditional ROI: 6.77%
6601 Schuss Mountain Lane #570 Mancelona, MI Totally ready for the summer at Shanty Creek Resort - move right in! Centrally located t...	1 beds \| 1 baths \| 430 sq.ft.	$144,500	Airbnb cash on cash: -0.96% Traditional cash on cash: 7.36% Airbnb Rental Income: $549 Traditional Rental Income: $1421 Airbnb ROI: -0.96% Traditional ROI: 7.36%
7214 S. M 66 Mancelona, MI Nestled on 44 breathtaking acres, this remarkable property offers a perfect blend of comfo...	4 beds \| 3 baths \| 2,244 sq.ft.	$669,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 2.98% Airbnb Rental Income: $2585 Traditional Rental Income: $2959 Airbnb ROI: 1.39% Traditional ROI: 2.98%
3727 NE Boardwalk Way Mancelona, MI Property backs into 80 acres of Township property & Less than 1/2 Mile from the Start of a...	2 beds \| 2 baths \| 924 sq.ft.	$189,500	Airbnb cash on cash: 3.07% Traditional cash on cash: 7.62% Airbnb Rental Income: $1273 Traditional Rental Income: $1692 Airbnb ROI: 3.07% Traditional ROI: 7.62%
6519 Schuss Mountain Lane #3511-3512 Mancelona, MI Be FIRST in chair this winter.Â Snow season is just around the corner, and this location ...	2 beds \| 2 baths \| 850 sq.ft.	$254,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 3.93% Airbnb Rental Income: $1273 Traditional Rental Income: $1645 Airbnb ROI: 0.71% Traditional ROI: 3.93%
10970 NE Bluff Drive Mancelona, MI Discover your dream retreat at where tranquil lake life meets modern living. This recently...	2 beds \| 2 baths \| 1,184 sq.ft.	$465,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.01% Airbnb Rental Income: $1273 Traditional Rental Income: $1897 Airbnb ROI: -0.35% Traditional ROI: 2.01%
10974 NE Bluff Drive Mancelona, MI This beautifully updated chalet offers 116 feet of stunning frontage on all-sports Starvat...	3 beds \| 1 baths \| 1,183 sq.ft.	$440,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 2.57% Airbnb Rental Income: $1941 Traditional Rental Income: $2000 Airbnb ROI: 1.19% Traditional ROI: 2.57%
601 Monroe Mancelona, MI 3 Bd 1 Ba house located on the desirable West side of Mancelona. Great starter home for a ...	3 beds \| 1 baths \| 1,092 sq.ft.	$189,900	Airbnb cash on cash: 5.49% Traditional cash on cash: 7.3% Airbnb Rental Income: $1941 Traditional Rental Income: $1756 Airbnb ROI: 5.49% Traditional ROI: 7.3%
1396 NE Westwood Mancelona, MI Looking for that Upnorth Retreat, or full time Place. Quality & Attention to Detail a Mus...	2 beds \| 2 baths \| 2,120 sq.ft.	$496,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.07% Airbnb Rental Income: $1273 Traditional Rental Income: $2584 Airbnb ROI: 0.38% Traditional ROI: 4.07%
401 Sunnyside Mancelona, MI Space galore in this rare find, a quad-level home on Mancelona's lovely west side with fin...	4 beds \| 2 baths \| 2,354 sq.ft.	$269,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 8.83% Airbnb Rental Income: $2585 Traditional Rental Income: $2762 Airbnb ROI: 5.69% Traditional ROI: 8.83%
401 Sunnyside Street Mancelona, MI Space galore in this rare find, a quad-level home on Mancelona's lovely west side with fin...	4 beds \| 2 baths \| 2,354 sq.ft.	$269,000	Airbnb cash on cash: 5.91% Traditional cash on cash: 8.84% Airbnb Rental Income: $2585 Traditional Rental Income: $2709 Airbnb ROI: 5.91% Traditional ROI: 8.84%
2545 Westwood Road NE Mancelona, MI Are you looking for an up north getaway in the middle of some of the best recreation in Mi...	2 beds \| 1 baths \| 600 sq.ft.	$190,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 5.09% Airbnb Rental Income: $1273 Traditional Rental Income: $1320 Airbnb ROI: 2.6% Traditional ROI: 5.09%
7593 WILLOWBROOK CIRCLE 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: 8.63% Traditional cash on cash: 11.87% Airbnb Rental Income: $2585 Traditional Rental Income: $2581 Airbnb ROI: 8.63% Traditional ROI: 11.87%
5466 Scholl Rd Mancelona, MI This well loved home sits on 15 acres of thick woods with trails. It has 3 bedrooms, 2 bat...	3 beds \| N/A baths \| 1,344 sq.ft.	$300,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 5.99% Airbnb Rental Income: $1941 Traditional Rental Income: $2230 Airbnb ROI: 3.15% Traditional ROI: 5.99%
443 MARY DALE LANE Mancelona, MI Welcome to your Northern Michigan dream retreat! This stunning contemporary home is situa...	3 beds \| 3 baths \| 3,053 sq.ft.	$659,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 3.67% Airbnb Rental Income: $1941 Traditional Rental Income: $3007 Airbnb ROI: 1.1% Traditional ROI: 3.67%
4077 NE TWIN LAKE ROAD Mancelona, MI Nestled in the serene countryside, this charming home offers a perfect blend of comfort an...	3 beds \| 2 baths \| 1,530 sq.ft.	$289,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 7.09% Airbnb Rental Income: $1941 Traditional Rental Income: $2404 Airbnb ROI: 3.52% Traditional ROI: 7.09%
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: 1.66% Traditional cash on cash: 3.06% Airbnb Rental Income: $1941 Traditional Rental Income: $1874 Airbnb ROI: 1.66% Traditional ROI: 3.06%
8171 Twin Lake Road, NE Mancelona, MI If you have been waiting for the perfect Northern Michigan home or getaway, this 26-acre p...	2 beds \| 2 baths \| 1,200 sq.ft.	$350,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.2% Airbnb Rental Income: $1273 Traditional Rental Income: $1974 Airbnb ROI: -0.15% Traditional ROI: 3.2%
2327 Ski Run Road 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.	$229,000	Airbnb cash on cash: 3.65% Traditional cash on cash: 5.81% Airbnb Rental Income: $1941 Traditional Rental Income: $1898 Airbnb ROI: 3.65% Traditional ROI: 5.81%
8761 Partridge Lane Mancelona, MI Escape to your own slice of northern Michigan paradise with this 3-bedroom, 2-bathroom hom...	3 beds \| 2 baths \| 1,353 sq.ft.	$250,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 8.17% Airbnb Rental Income: $1941 Traditional Rental Income: $2305 Airbnb ROI: 4.46% Traditional ROI: 8.17%
9110 N Wheeler Lake Road Mancelona, MI Built in 2020, this lovely home on 5 acres offers home ownership with peace of mind and in...	2 beds \| 2 baths \| 1,056 sq.ft.	$165,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 11.46% Airbnb Rental Income: $1273 Traditional Rental Income: $2183 Airbnb ROI: 3.13% Traditional ROI: 11.46%
2370 Alden Highway Mancelona, MI Destination Location 4 U, Northern Michiganâs four-season private retreat. Welcome to 2...	2 beds \| 2 baths \| 1,680 sq.ft.	$295,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 6.17% Airbnb Rental Income: $1273 Traditional Rental Income: $2396 Airbnb ROI: 0.68% Traditional ROI: 6.17%
8210 Fairway Hollow Mancelona, MI Truly a unique opportunity to create your own barndominium retreat right on the 15th hole ...	1 beds \| 1 baths \| N/A	$138,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 11.52% Airbnb Rental Income: $549 Traditional Rental Income: $1806 Airbnb ROI: -0.09% Traditional ROI: 11.52%
510 S Maple Mancelona, MI Front porch memories and backyard dreams are made in this sweet Village of Mancelona home....	2 beds \| 1 baths \| 1,192 sq.ft.	$135,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 10.48% Airbnb Rental Income: $1273 Traditional Rental Income: $1702 Airbnb ROI: 4.08% Traditional ROI: 10.48%
6658 Schuss Mountain Lane #3260 Mancelona, MI This turn key 2-bedroom, 2-bathroom condo offers beautiful golf course and ski mountain vi...	2 beds \| 2 baths \| 1,025 sq.ft.	$259,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 4.95% Airbnb Rental Income: $1273 Traditional Rental Income: $1824 Airbnb ROI: 1.06% Traditional ROI: 4.95%
6520 Schuss Mountain Lane unit: 3212 #3212 Mancelona, MI Welcome to 6520 Schuss Mountain Lane, Unit 3212, a beautifully remodeled condo located les...	2 beds \| 1 baths \| 529 sq.ft.	$194,900	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.56% Airbnb Rental Income: $1273 Traditional Rental Income: $1410 Airbnb ROI: -0.35% Traditional ROI: 2.56%

Real Estate investment in Mancelona, MI

There are 48 properties for sale in the city of Mancelona . The median list price in Mancelona is $254,900 and the average price per square foot is $190. In October 2025, the average monthly cash on cash return in Mancelona is 7.00%. The average monthly rental income in Mancelona is $2,000.

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

There are 48 investment properties available for sale in Mancelona.

In 2025, 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 $2,000.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

303 N Williams Street

Mancelona, MI

N/A beds | N/A baths | 2,104 sq.ft.

$149,000

Airbnb cash on cash: 3.81%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $1501

Traditional Rental Income: $1838

Airbnb ROI: 3.81%

Traditional ROI: 9.25%

6519 Schuss Mountain Lane unit: 3507&3508 #3507&3508

Mancelona, MI

2 beds | 2 baths | 1,043 sq.ft.

$254,900

Airbnb cash on cash: -1.02%

Traditional cash on cash: 1.2%

Airbnb Rental Income: $1273

Traditional Rental Income: $1405

Airbnb ROI: -1.02%

Traditional ROI: 1.2%

9149 N Twin Lake Road

Mancelona, MI

4 beds | 2 baths | 1,430 sq.ft.

$329,900

Airbnb cash on cash: 3.52%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $2585

Traditional Rental Income: $2622

Airbnb ROI: 3.52%

Traditional ROI: 5.63%

6658 Schuss Mountain Lane

Mancelona, MI

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

$379,000

Airbnb cash on cash: 0.75%

Traditional cash on cash: 0.24%

Airbnb Rental Income: $1941

Traditional Rental Income: $1245

Airbnb ROI: 0.75%

Traditional ROI: 0.24%

8610 Grassmere Court

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$135,000

Airbnb cash on cash: 4%

Traditional cash on cash: 8.23%

Airbnb Rental Income: $1273

Traditional Rental Income: $1420

Airbnb ROI: 4%

Traditional ROI: 8.23%

5635 Mystic Drive

Mancelona, MI

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

$525,635

Airbnb cash on cash: 0.23%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1273

Traditional Rental Income: $2840

Airbnb ROI: 0.23%

Traditional ROI: 4.23%

9098 Sunset Trail, NE

Mancelona, MI

2 beds | 2 baths | 1,152 sq.ft.

$575,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $1273

Traditional Rental Income: $2118

Airbnb ROI: -0.02%

Traditional ROI: 2.3%

7084 Little Twin Lake Road NE

Mancelona, MI

2 beds | 2 baths | 928 sq.ft.

$359,900

Airbnb cash on cash: -0.22%

Traditional cash on cash: 1.74%

Airbnb Rental Income: $1273

Traditional Rental Income: $1534

Airbnb ROI: -0.22%