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 at Shanty Creek's Schuss Village where you'll...	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 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: 1.5% Traditional cash on cash: 8.23% Airbnb Rental Income: $883 Traditional Rental Income: $1420 Airbnb ROI: 1.5% 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: 1.22% 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 Street 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%
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: 0.58% Traditional cash on cash: 8.92% Airbnb Rental Income: $545 Traditional Rental Income: $882 Airbnb ROI: 0.58% Traditional ROI: 8.92%
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.	$340,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.51% Airbnb Rental Income: $1309 Traditional Rental Income: $2362 Airbnb ROI: 0.94% Traditional ROI: 5.51%
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 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: 0.22% Traditional cash on cash: 2.98% Airbnb Rental Income: $1710 Traditional Rental Income: $2959 Airbnb ROI: 0.22% Traditional ROI: 2.98%
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.	$275,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 7.52% Airbnb Rental Income: $1309 Traditional Rental Income: $2404 Airbnb ROI: 1.73% Traditional ROI: 7.52%
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 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.	$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%
2370 Alden Highway 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 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.	$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%
6519 Schuss Mountain Lane #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%
408 Sunnyside Street Mancelona, MI New year & new home for you! This is the perfect residence you've been looking for - super...	4 beds \| 2 baths \| 2,476 sq.ft.	$259,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 9.16% Airbnb Rental Income: $1710 Traditional Rental Income: $2857 Airbnb ROI: 2.53% Traditional ROI: 9.16%
6360 Little Twin Lake Road NE Mancelona, MI Welcome to 6360 Little Twin Lake Rd! From the moment you arrive, you're greeted with the c...	3 beds \| 2 baths \| 1,372 sq.ft.	$490,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 3.2% Airbnb Rental Income: $1309 Traditional Rental Income: $2447 Airbnb ROI: -0.17% Traditional ROI: 3.2%
6519 Schuss Mountain Lane #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.	$254,900	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%
Us-131 Hwy Mancelona, MI Us-131 Hwy, Mancelona, MI 49659 \| Other	3 beds \| 1 baths \| 1,240 sq.ft.	$149,900	Airbnb cash on cash: 3.13% Traditional cash on cash: 6.87% Airbnb Rental Income: $1309 Traditional Rental Income: $1438 Airbnb ROI: 3.13% Traditional ROI: 6.87%
Lot 5 Manistee Ridge Dr NE Mancelona, MI Lot 5 Manistee Ridge Dr NE, Mancelona, MI 49646 \| Other	N/A beds \| N/A baths \| N/A	$64,500	Airbnb cash on cash: -2.86% Traditional cash on cash: 8.2% Airbnb Rental Income: $360 Traditional Rental Income: $823 Airbnb ROI: -2.86% Traditional ROI: 8.2%
7569 Cedar River Rd Mancelona, MI 7569 Cedar River Rd, Mancelona, MI 49659 \| Single Family Residential	3 beds \| 3 baths \| 2,000 sq.ft.	$340,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 5.53% Airbnb Rental Income: $1309 Traditional Rental Income: $2665 Airbnb ROI: 0.01% Traditional ROI: 5.53%
VL Mancelona Rd Mancelona, MI VL Mancelona Rd, Mancelona, MI 49659 \| Other	1 beds \| 1 baths \| 500 sq.ft.	$90,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 5.54% Airbnb Rental Income: $545 Traditional Rental Income: $800 Airbnb ROI: -0.54% Traditional ROI: 5.54%
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%
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%

Real Estate investment in Mancelona, MI

There are 23 properties for sale in the city of Mancelona . The median list price in Mancelona is $214,500 and the average price per square foot is $166. In January 2026, the average monthly cash on cash return in Mancelona is 8.00%. The average monthly rental income in Mancelona is $1,429.

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

There are 23 investment properties available for sale in Mancelona.

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

The ROI for Short-Term is higher than the Long-Term in Mancelona with average rental income of $883.

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: -2.06%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1309

Traditional Rental Income: $1245

Airbnb ROI: -2.06%

Traditional ROI: -1.09%

8610 Grassmere Court

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%

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 Street

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%

6500 SCHUSS MOUNTAIN LANE

Mancelona, MI

1 beds | 1 baths | 324 sq.ft.

$74,900

Airbnb cash on cash: 0.58%

Traditional cash on cash: 8.92%

Airbnb Rental Income: $545

Traditional Rental Income: $882

Airbnb ROI: 0.58%

Traditional ROI: 8.92%

7569 Cedar River Road

Mancelona, MI

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

$340,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $1309

Traditional Rental Income: $2362

Airbnb ROI: 0.94%

Traditional ROI: 5.51%

8334 Cinder Hill Road

Mancelona, MI

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

Mancelona, MI

4 beds | 3 baths | 2,244 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%