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
4896 OSLUND ROAD Mancelona, MI Meticulously maintained and move-in ready, this charming 3-bedroom, 2-bath country home of...	3 beds \| 2 baths \| 1,201 sq.ft.	$310,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 4.03% Airbnb Rental Income: $1428 Traditional Rental Income: $2003 Airbnb ROI: 0.59% Traditional ROI: 4.03%
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: -1.78% Traditional cash on cash: -1.09% Airbnb Rental Income: $1428 Traditional Rental Income: $1245 Airbnb ROI: -1.78% 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.	$125,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 8.94% Airbnb Rental Income: $924 Traditional Rental Income: $1420 Airbnb ROI: 1.97% Traditional ROI: 8.94%
5635 Mystic Drive Mancelona, MI CEDAR RIVER DISTINCTIVE CRAFTSMAN HOME is the perfect retreat tucked away at the end of a ...	2 beds \| 2 baths \| 2,160 sq.ft.	$525,635	Airbnb cash on cash: -0.36% Traditional cash on cash: 4.23% Airbnb Rental Income: $924 Traditional Rental Income: $2840 Airbnb ROI: -0.36% Traditional ROI: 4.23%
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: 1.57% Traditional cash on cash: 6.67% Airbnb Rental Income: $1428 Traditional Rental Income: $2441 Airbnb ROI: 1.57% Traditional ROI: 6.67%
5391 Scholl Road Mancelona, MI Escape to your own Northern Michigan paradise with this incredible 4 bedroom, 2.5 bathroom...	4 beds \| 3 baths \| 4,150 sq.ft.	$650,000	Airbnb cash on cash: -0.53% Traditional cash on cash: -0.02% Airbnb Rental Income: $1796 Traditional Rental Income: $1615 Airbnb ROI: -0.53% Traditional ROI: -0.02%
7093 Little Twin Lake Road NE Mancelona, MI Water, Water Everywhere! In an area full of lakes, this one is like no other for kicking b...	3 beds \| 2 baths \| 2,400 sq.ft.	$629,900	Airbnb cash on cash: -0.66% Traditional cash on cash: 2.78% Airbnb Rental Income: $1428 Traditional Rental Income: $3025 Airbnb ROI: -0.66% Traditional ROI: 2.78%
8768 Sunset Trail, NE Mancelona, MI OPEN HOUSE THIS SATURDAY MAY 23RD FROM 1-3: Beautiful Starvation Lake â where the livinâ...	3 beds \| 3 baths \| 3,807 sq.ft.	$1,100,000	Airbnb cash on cash: -1.64% Traditional cash on cash: -1.22% Airbnb Rental Income: $1428 Traditional Rental Income: $1438 Airbnb ROI: -1.64% Traditional ROI: -1.22%
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: -0.79% Traditional cash on cash: 5.29% Airbnb Rental Income: $924 Traditional Rental Income: $2300 Airbnb ROI: -0.79% Traditional ROI: 5.29%
603 Jefferson Street Mancelona, MI This completely remodeled three-bedroom, one-bath ranch in the village of Mancelona featur...	3 beds \| 1 baths \| 1,034 sq.ft.	$349,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 1.6% Airbnb Rental Income: $1428 Traditional Rental Income: $1166 Airbnb ROI: 1.1% Traditional ROI: 1.6%
5568 S US-131 Mancelona, MI Charming Countryside Retreat on 8 Acres â Just Northeast of Mancelona. Welcome to your ...	4 beds \| 2 baths \| 1,800 sq.ft.	$395,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.87% Airbnb Rental Income: $1796 Traditional Rental Income: $2017 Airbnb ROI: 1.95% Traditional ROI: 3.87%
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.	$450,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 2.68% Airbnb Rental Income: $1428 Traditional Rental Income: $2172 Airbnb ROI: -0.1% Traditional ROI: 2.68%
8424 Pineview Drive Mancelona, MI Nestled in the Lakes of the North HOA, this chalet offers the perfect setting for a peacef...	3 beds \| 2 baths \| 2,408 sq.ft.	$310,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 5.59% Airbnb Rental Income: $1428 Traditional Rental Income: $2244 Airbnb ROI: 1.33% Traditional ROI: 5.59%
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.	$269,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 6.18% Airbnb Rental Income: $1428 Traditional Rental Income: $2086 Airbnb ROI: 1.92% Traditional ROI: 6.18%
2327 Ski Run Road Mancelona, MI Opportunity meets versatility with this unique Northern Michigan property just minutes fro...	3 beds \| 1 baths \| 1,298 sq.ft.	$205,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 6.77% Airbnb Rental Income: $1428 Traditional Rental Income: $1898 Airbnb ROI: 2.15% Traditional ROI: 6.77%
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.	$262,500	Airbnb cash on cash: -0.29% Traditional cash on cash: 7.04% Airbnb Rental Income: $924 Traditional Rental Income: $2396 Airbnb ROI: -0.29% Traditional ROI: 7.04%
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.	$549,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.77% Airbnb Rental Income: $1428 Traditional Rental Income: $2460 Airbnb ROI: -0.07% Traditional ROI: 2.77%
6360 Little Twin Lake Road NE Mancelona, MI Welcome to 6360 Little Twin Lake Rd, a true Northern Michigan retreat for every season. En...	3 beds \| 2 baths \| 1,372 sq.ft.	$389,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.26% Airbnb Rental Income: $1428 Traditional Rental Income: $2447 Airbnb ROI: 0.31% Traditional ROI: 4.26%
10089 Otis Drive 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.	$209,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.78% Airbnb Rental Income: $924 Traditional Rental Income: $1497 Airbnb ROI: 1.18% Traditional ROI: 5.78%
6304 Wilderness Drive 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: 1.04% Traditional cash on cash: 5.76% Airbnb Rental Income: $1428 Traditional Rental Income: $2161 Airbnb ROI: 1.04% Traditional ROI: 5.76%
10511 Lake Of The Woods Road 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: -0.99% Traditional cash on cash: 2.92% Airbnb Rental Income: $924 Traditional Rental Income: $1830 Airbnb ROI: -0.99% Traditional ROI: 2.92%
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: 0.12% Traditional cash on cash: 9.6% Airbnb Rental Income: $924 Traditional Rental Income: $2337 Airbnb ROI: 0.12% Traditional ROI: 9.6%
6658 Schuss Mountain Lane #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: -1.97% Traditional cash on cash: 2.68% Airbnb Rental Income: $924 Traditional Rental Income: $1632 Airbnb ROI: -1.97% Traditional ROI: 2.68%
6514 Wilderness Drive 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.	$308,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 5.87% Airbnb Rental Income: $1428 Traditional Rental Income: $2587 Airbnb ROI: 0.41% Traditional ROI: 5.87%
11139 Mancelona Road Mancelona, MI Looking for space, flexibility, and that Northern Michigan feel? This 3-bedroom, 2-bath ho...	3 beds \| 2 baths \| 1,452 sq.ft.	$300,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 4.75% Airbnb Rental Income: $1428 Traditional Rental Income: $2203 Airbnb ROI: 0.49% Traditional ROI: 4.75%
10097 Valley Park Drive Mancelona, MI 4-bedroom, 2-bath home in Lakes of the North offering comfort, space, and year-round enjoy...	4 beds \| 2 baths \| 1,073 sq.ft.	$299,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 5.61% Airbnb Rental Income: $1796 Traditional Rental Income: $2042 Airbnb ROI: 3.01% Traditional ROI: 5.61%
9122 Grimm Lane Mancelona, MI Tucked away on nearly 10 acres of wooded land, this well-maintained 3 bedroom, 2 bath home...	3 beds \| 2 baths \| 1,403 sq.ft.	$189,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 9.36% Airbnb Rental Income: $1428 Traditional Rental Income: $2236 Airbnb ROI: 2.52% Traditional ROI: 9.36%
8509 Grant Road Mancelona, MI Brand-new construction in a newly developed community in Mancelona offering affordable hom...	2 beds \| 1 baths \| 850 sq.ft.	$205,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 4.46% Airbnb Rental Income: $924 Traditional Rental Income: $1450 Airbnb ROI: -0.01% Traditional ROI: 4.46%
8505 Grant Road Mancelona, MI Brand-new construction in a newly developed community in Mancelona offering affordable hom...	2 beds \| 1 baths \| 850 sq.ft.	$205,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.89% Airbnb Rental Income: $924 Traditional Rental Income: $1727 Airbnb ROI: -0.01% Traditional ROI: 5.89%
8513 Grant Road Mancelona, MI Brand-new construction in a newly developed community in Mancelona offering affordable hom...	2 beds \| 1 baths \| 850 sq.ft.	$205,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 6.18% Airbnb Rental Income: $924 Traditional Rental Income: $1784 Airbnb ROI: -0.01% Traditional ROI: 6.18%
8501 Grant Road Mancelona, MI Brand-new construction in a newly developed community in Mancelona offering affordable hom...	2 beds \| 1 baths \| 850 sq.ft.	$205,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.89% Airbnb Rental Income: $924 Traditional Rental Income: $1727 Airbnb ROI: -0.01% Traditional ROI: 5.89%
5452 S US Highway 131 Mancelona, MI Centrally-located to all up north activities and towns, this spacious move-in ready Ranch ...	3 beds \| 1 baths \| 1,692 sq.ft.	$249,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.94% Airbnb Rental Income: $1428 Traditional Rental Income: $1914 Airbnb ROI: 2.06% Traditional ROI: 5.94%
9183 Blackhawk Drive Mancelona, MI New construction being comepleted! Enjoy the 1200 sq ft/3bed/2bath ranch style home featur...	3 beds \| 2 baths \| 1,200 sq.ft.	$289,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 4.89% Airbnb Rental Income: $1428 Traditional Rental Income: $2147 Airbnb ROI: 0.68% Traditional ROI: 4.89%
1217 Tremblay Road Mancelona, MI Welcome to your North West Michigan retreat at 1217 Tremblay Rd! This 3-bedroom, 2-bathroo...	3 beds \| 2 baths \| 1,404 sq.ft.	$349,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 4.55% Airbnb Rental Income: $1428 Traditional Rental Income: $2411 Airbnb ROI: 0.25% Traditional ROI: 4.55%
7931 NE Twin Lake Road Mancelona, MI NEW ON THE MARKET: Up north get-away, or 4 season home. Come take a look at this nice 10-a...	2 beds \| 1 baths \| 1,280 sq.ft.	$199,900	Airbnb cash on cash: 0.05% Traditional cash on cash: 5.61% Airbnb Rental Income: $924 Traditional Rental Income: $1635 Airbnb ROI: 0.05% Traditional ROI: 5.61%
5565 Somich Trail Mancelona, MI This exquisite retreat comprises 10 blissful acres along the Cedar River, a pristine blue-...	1 beds \| N/A baths \| 256 sq.ft.	$182,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 7.38% Airbnb Rental Income: $544 Traditional Rental Income: $1661 Airbnb ROI: -0.69% Traditional ROI: 7.38%
10846 Bluff Drive Mancelona, MI 121 feet of private paradise on Starvation Lake . This quaint home with unique characteris...	4 beds \| 2 baths \| 1,444 sq.ft.	$569,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.38% Airbnb Rental Income: $1796 Traditional Rental Income: $2705 Airbnb ROI: -0.25% Traditional ROI: 2.38%
9710 S Fawn Lane Mancelona, MI A wonderful place, far away from the tourists and crowds where you can visit northern Mich...	3 beds \| 2 baths \| 1,152 sq.ft.	$299,999	Airbnb cash on cash: 0.69% Traditional cash on cash: 5.35% Airbnb Rental Income: $1428 Traditional Rental Income: $2315 Airbnb ROI: 0.69% Traditional ROI: 5.35%
9710 S Fawn Lane NE Mancelona, MI A wonderful place, far away from the tourists and crowds where you can visit northern Mich...	3 beds \| 2 baths \| 1,152 sq.ft.	$299,999	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.81% Airbnb Rental Income: $1428 Traditional Rental Income: $2163 Airbnb ROI: 0.69% Traditional ROI: 4.81%

Real Estate investment in Mancelona, MI

There are 40 properties for sale in the city of Mancelona . The median list price in Mancelona is $279,450 and the average price per square foot is $192. In May 2026, the average monthly cash on cash return in Mancelona is 6.00%. The average monthly rental income in Mancelona is $1,994.

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

There are 40 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 $1,994.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

4896 OSLUND ROAD

Mancelona, MI

3 beds | 2 baths | 1,201 sq.ft.

$310,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $1428

Traditional Rental Income: $2003

Airbnb ROI: 0.59%

Traditional ROI: 4.03%

6658 Schuss Mountain Lane #3272

Mancelona, MI

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

$379,000

Airbnb cash on cash: -1.78%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1428

Traditional Rental Income: $1245

Airbnb ROI: -1.78%

Traditional ROI: -1.09%

8610 Grassmere Court

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$125,000

Airbnb cash on cash: 1.97%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $924

Traditional Rental Income: $1420

Airbnb ROI: 1.97%

Traditional ROI: 8.94%

5635 Mystic Drive

Mancelona, MI

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

$525,635

Airbnb cash on cash: -0.36%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $924

Traditional Rental Income: $2840

Airbnb ROI: -0.36%

Traditional ROI: 4.23%

6609 Deepwood Drive

Mancelona, MI

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

$300,000

Airbnb cash on cash: 1.57%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1428

Traditional Rental Income: $2441

Airbnb ROI: 1.57%

Traditional ROI: 6.67%

5391 Scholl Road

Mancelona, MI

4 beds | 3 baths | 4,150 sq.ft.

$650,000

Airbnb cash on cash: -0.53%

Traditional cash on cash: -0.02%

Airbnb Rental Income: $1796

Traditional Rental Income: $1615

Airbnb ROI: -0.53%

Traditional ROI: -0.02%

7093 Little Twin Lake Road NE

Mancelona, MI

3 beds | 2 baths | 2,400 sq.ft.

$629,900

Airbnb cash on cash: -0.66%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $1428

Traditional Rental Income: $3025

Airbnb ROI: -0.66%

Traditional ROI: 2.78%

8768 Sunset Trail, NE

Mancelona, MI

3 beds | 3 baths | 3,807 sq.ft.

$1,100,000

Airbnb cash on cash: -1.64%

Traditional cash on cash: -1.22%

Airbnb Rental Income: $1428

Traditional Rental Income: $1438

Airbnb ROI: -1.64%