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.	$174,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 7.82% Airbnb Rental Income: $1331 Traditional Rental Income: $1838 Airbnb ROI: 2.29% Traditional ROI: 7.82%
6519 Schuss Mountain Lane #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: -0.93% Traditional cash on cash: 1.2% Airbnb Rental Income: $1298 Traditional Rental Income: $1405 Airbnb ROI: -0.93% 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.	$339,900	Airbnb cash on cash: 2.83% Traditional cash on cash: 5.4% Airbnb Rental Income: $2390 Traditional Rental Income: $2622 Airbnb ROI: 2.83% Traditional ROI: 5.4%
6658 Schuss Mountain Lane Mancelona, MI Experience the best of resort living in this fully furnished, 3-bedroom, 3-bathrrom unit l...	3 beds \| 3 baths \| 1,559 sq.ft.	$389,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.2% Airbnb Rental Income: $1623 Traditional Rental Income: $1245 Airbnb ROI: -0.02% Traditional ROI: 0.2%
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: 4.26% Traditional cash on cash: 6.11% Airbnb Rental Income: $1623 Traditional Rental Income: $1510 Airbnb ROI: 4.26% Traditional ROI: 6.11%
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.	$69,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 9.79% Airbnb Rental Income: $767 Traditional Rental Income: $872 Airbnb ROI: 3.71% Traditional ROI: 9.79%
1005 MAROMIR COURT Mancelona, MI Come experience this charming, custom-crafted home, nestled in the woods in Swiss Village ...	3 beds \| 3 baths \| 1,632 sq.ft.	$439,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 2.68% Airbnb Rental Income: $1623 Traditional Rental Income: $2234 Airbnb ROI: 0.08% Traditional ROI: 2.68%
7569 Cedar River Road Mancelona, MI Nestled on 2 parcels within Mancelona Township is this 2,800 sq ft, 3-bedroom, 3-bathroom ...	3 beds \| 3 baths \| 2,800 sq.ft.	$340,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 5.51% Airbnb Rental Income: $1623 Traditional Rental Income: $2362 Airbnb ROI: 1.76% Traditional ROI: 5.51%
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: 0.06% Traditional cash on cash: 1.93% Airbnb Rental Income: $1623 Traditional Rental Income: $2172 Airbnb ROI: 0.06% Traditional ROI: 1.93%
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: 0.35% Traditional cash on cash: 7.36% Airbnb Rental Income: $767 Traditional Rental Income: $1421 Airbnb ROI: 0.35% 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: 1.12% Traditional cash on cash: 2.98% Airbnb Rental Income: $2390 Traditional Rental Income: $2959 Airbnb ROI: 1.12% Traditional ROI: 2.98%
7931 Twin Lake Road, NE Mancelona, MI Enjoy country living in this 24 x 60 home on 10 beautiful acres of hardwoods. This 2 bed, ...	2 beds \| 1 baths \| 1,296 sq.ft.	$219,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 6.15% Airbnb Rental Income: $1298 Traditional Rental Income: $1622 Airbnb ROI: 2.64% Traditional ROI: 6.15%
4049 Musser Road Mancelona, MI This three bedroom 2 bath ranch style home is nestled on 10 acres of mostly hardwoods just...	3 beds \| 2 baths \| 1,404 sq.ft.	$195,000	Airbnb cash on cash: 4.32% Traditional cash on cash: 10.23% Airbnb Rental Income: $1623 Traditional Rental Income: $2258 Airbnb ROI: 4.32% Traditional ROI: 10.23%
8761 NE Partridge Road Mancelona, MI Nice 3 bed/ 2 full bath on 10 beautiful, wooded acres in Kalkaska County. This home includ...	3 beds \| 2 baths \| 1,353 sq.ft.	$275,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 6.85% Airbnb Rental Income: $1623 Traditional Rental Income: $2269 Airbnb ROI: 2.59% Traditional ROI: 6.85%
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.	$205,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 6.99% Airbnb Rental Income: $1298 Traditional Rental Income: $1692 Airbnb ROI: 2.88% Traditional ROI: 6.99%
6519 Schuss Mountain Lane #3511-3512 Mancelona, MI This is a sharp two-bedroom condominium located within 500 feet of the Schuss ski slopes a...	2 beds \| 2 baths \| 850 sq.ft.	$259,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.83% Airbnb Rental Income: $1298 Traditional Rental Income: $1645 Airbnb ROI: 0.77% Traditional ROI: 3.83%
4844 Doerr Road Mancelona, MI Ranch with many updates on 10+ quiet acres. Updates: new kitchen counters, bathroom, floor...	3 beds \| 1 baths \| 1,575 sq.ft.	$290,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 4.95% Airbnb Rental Income: $1623 Traditional Rental Income: $1961 Airbnb ROI: 2.03% Traditional ROI: 4.95%
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: -0.3% Traditional cash on cash: 2.01% Airbnb Rental Income: $1298 Traditional Rental Income: $1897 Airbnb ROI: -0.3% 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: 0.54% Traditional cash on cash: 2.57% Airbnb Rental Income: $1623 Traditional Rental Income: $2000 Airbnb ROI: 0.54% Traditional ROI: 2.57%
10702 Southwood Drive Mancelona, MI Nestled in the desirable Lakes of the North private community, this beautifully maintained...	5 beds \| 4 baths \| 2,218 sq.ft.	$359,000	Airbnb cash on cash: 4.13% Traditional cash on cash: 8.92% Airbnb Rental Income: $2804 Traditional Rental Income: $3764 Airbnb ROI: 4.13% Traditional ROI: 8.92%
26173 Tamarack Mancelona, MI Price reduced $65,000! This Upper Peninsula home sits on highly desirable Petticoat Lake, ...	3 beds \| 2 baths \| 1,941 sq.ft.	$497,500	Airbnb cash on cash: 1.26% Traditional cash on cash: 5.27% Airbnb Rental Income: $1623 Traditional Rental Income: $3029 Airbnb ROI: 1.26% Traditional ROI: 5.27%
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: 4.02% Traditional cash on cash: 7.3% Airbnb Rental Income: $1623 Traditional Rental Income: $1756 Airbnb ROI: 4.02% Traditional ROI: 7.3%
8807 NE Starvation Lake Road Mancelona, MI Older cabin with 24' x 32' detached garage 9'6 + ceiling height, 11'9 x 14' building used...	1 beds \| 1 baths \| 498 sq.ft.	$99,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 10.22% Airbnb Rental Income: $767 Traditional Rental Income: $1216 Airbnb ROI: 2.34% Traditional ROI: 10.22%
6658 Schuss Mountain Lane #3253 Mancelona, MI Villa Monte at Shanty Creek Resort: 2-bedroom, 2-bathroom in a serene setting. Renovated...	2 beds \| 2 baths \| 800 sq.ft.	$269,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 5.11% Airbnb Rental Income: $1298 Traditional Rental Income: $1815 Airbnb ROI: 1.48% Traditional ROI: 5.11%
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: 0.43% Traditional cash on cash: 4.07% Airbnb Rental Income: $1298 Traditional Rental Income: $2584 Airbnb ROI: 0.43% 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: 5.05% Traditional cash on cash: 8.83% Airbnb Rental Income: $2390 Traditional Rental Income: $2762 Airbnb ROI: 5.05% 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: 5.27% Traditional cash on cash: 8.84% Airbnb Rental Income: $2390 Traditional Rental Income: $2709 Airbnb ROI: 5.27% Traditional ROI: 8.84%
4030 MAPLEWAY Mancelona, MI Tucked away in peaceful countryside seclusion yet just minutes from town, this charming 1-...	1 beds \| 1 baths \| 800 sq.ft.	$169,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 6.39% Airbnb Rental Income: $767 Traditional Rental Income: $1335 Airbnb ROI: 0.92% Traditional ROI: 6.39%
9278 NE Pine Drive Mancelona, MI 110' of Private Frontage on Starvation Lake! Welcome to your four-season getaway on one of...	3 beds \| 2 baths \| 1,568 sq.ft.	$475,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.42% Airbnb Rental Income: $1623 Traditional Rental Income: $2595 Airbnb ROI: 0.2% Traditional ROI: 3.42%
6325 S M-66 Mancelona, MI Beautifully Renovated Country Home on 1.5+ Acres â Just Outside Mancelona! Discover thi...	3 beds \| 2 baths \| 1,500 sq.ft.	$229,900	Airbnb cash on cash: 3.33% Traditional cash on cash: 9.14% Airbnb Rental Income: $1623 Traditional Rental Income: $2426 Airbnb ROI: 3.33% Traditional ROI: 9.14%
8056 Fairway Hollow Drive Mancelona, MI LAKE OF THE NORTH. This place will not disappoint. Welcome to your Up North retreat, Fullt...	2 beds \| 2 baths \| 1,664 sq.ft.	$249,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 7.41% Airbnb Rental Income: $1298 Traditional Rental Income: $2208 Airbnb ROI: 1.84% Traditional ROI: 7.41%
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: 7.77% Traditional cash on cash: 11.87% Airbnb Rental Income: $2390 Traditional Rental Income: $2581 Airbnb ROI: 7.77% Traditional ROI: 11.87%
7938 Willowbrook Circle Mancelona, MI Charming 3-Bedroom Retreat with Game Room, Loft, & Income Potential â Just 5 Minutes fro...	3 beds \| 3 baths \| 2,486 sq.ft.	$350,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.56% Airbnb Rental Income: $1623 Traditional Rental Income: $3057 Airbnb ROI: 0.8% Traditional ROI: 6.56%
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 \| 2 baths \| 1,344 sq.ft.	$325,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.46% Airbnb Rental Income: $1623 Traditional Rental Income: $2230 Airbnb ROI: 1.97% Traditional ROI: 5.46%
443 MARY DALE LANE Mancelona, MI Welcome to your Northern Michigan dream retreat! This stunning contemporary home is situat...	3 beds \| 3 baths \| 3,053 sq.ft.	$659,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 3.67% Airbnb Rental Income: $1623 Traditional Rental Income: $3007 Airbnb ROI: 0.67% 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.	$299,900	Airbnb cash on cash: 2.43% Traditional cash on cash: 6.83% Airbnb Rental Income: $1623 Traditional Rental Income: $2404 Airbnb ROI: 2.43% Traditional ROI: 6.83%
6736 S M-66 Mancelona, MI Peaceful 2 acre retreat awaits. Escape to the tranquility of the North with this private 2...	3 beds \| 1 baths \| 1,100 sq.ft.	$147,500	Airbnb cash on cash: 6.33% Traditional cash on cash: 10.82% Airbnb Rental Income: $1623 Traditional Rental Income: $1798 Airbnb ROI: 6.33% Traditional ROI: 10.82%
6531 Schuss Mountain Lane #3560 Mancelona, MI Stunning 3-Bedroom Penthouse Condo Overlooking Golf Course at Schuss Mountain Resort is so...	3 beds \| 2 baths \| 1,226 sq.ft.	$275,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 5.56% Airbnb Rental Income: $1623 Traditional Rental Income: $2270 Airbnb ROI: 1.29% Traditional ROI: 5.56%
9966 Skytrails Circle 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: 2.5% Traditional cash on cash: 6.05% Airbnb Rental Income: $1623 Traditional Rental Income: $2086 Airbnb ROI: 2.5% Traditional ROI: 6.05%

Real Estate investment in Mancelona, MI

There are 43 properties for sale in the city of Mancelona . The median list price in Mancelona is $269,000 and the average price per square foot is $184. In September 2025, the average monthly cash on cash return in Mancelona is 7.00%. The average monthly rental income in Mancelona is $2,172.

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

There are 43 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 $2,172.

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.

$174,000

Airbnb cash on cash: 2.29%

Traditional cash on cash: 7.82%

Airbnb Rental Income: $1331

Traditional Rental Income: $1838

Airbnb ROI: 2.29%

Traditional ROI: 7.82%

6519 Schuss Mountain Lane #3507&3508

Mancelona, MI

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

$254,900

Airbnb cash on cash: -0.93%

Traditional cash on cash: 1.2%

Airbnb Rental Income: $1298

Traditional Rental Income: $1405

Airbnb ROI: -0.93%

Traditional ROI: 1.2%

9149 N Twin Lake Road

Mancelona, MI

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

$339,900

Airbnb cash on cash: 2.83%

Traditional cash on cash: 5.4%

Airbnb Rental Income: $2390

Traditional Rental Income: $2622

Airbnb ROI: 2.83%

Traditional ROI: 5.4%

6658 Schuss Mountain Lane

Mancelona, MI

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

$389,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 0.2%

Airbnb Rental Income: $1623

Traditional Rental Income: $1245

Airbnb ROI: -0.02%

Traditional ROI: 0.2%

210 N Maple Street

Mancelona, MI

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

$198,000

Airbnb cash on cash: 4.26%

Traditional cash on cash: 6.11%

Airbnb Rental Income: $1623

Traditional Rental Income: $1510

Airbnb ROI: 4.26%

Traditional ROI: 6.11%

6500 Schuss Mountain Lane #125

Mancelona, MI

1 beds | 1 baths | 320 sq.ft.

$69,900

Airbnb cash on cash: 3.71%

Traditional cash on cash: 9.79%

Airbnb Rental Income: $767

Traditional Rental Income: $872

Airbnb ROI: 3.71%

Traditional ROI: 9.79%

1005 MAROMIR COURT

Mancelona, MI

3 beds | 3 baths | 1,632 sq.ft.

$439,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 2.68%

Airbnb Rental Income: $1623

Traditional Rental Income: $2234

Airbnb ROI: 0.08%

Traditional ROI: 2.68%

7569 Cedar River Road

Mancelona, MI

3 beds | 3 baths | 2,800 sq.ft.

$340,000

Airbnb cash on cash: 1.76%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $1623

Traditional Rental Income: $2362

Airbnb ROI: 1.76%