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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Showing 48 listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
7686 Wyndamar Drive Mancelona, MI This well-maintained 3-bedroom, 2-bath home features an open floor plan that creates a bri...	3 beds \| 2 baths \| 1,200 sq.ft.	$269,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.47% Airbnb Rental Income: $1688 Traditional Rental Income: $1606 Airbnb ROI: 2.94% Traditional ROI: 4.47%
9149 N Twin Lake Road Mancelona, MI Attention: 4 bedroom "home away from home" or full time is ready for you! Welcome to your...	4 beds \| 2 baths \| 1,430 sq.ft.	$309,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 6.17% Airbnb Rental Income: $2272 Traditional Rental Income: $2622 Airbnb ROI: 3.02% Traditional ROI: 6.17%
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: -1.17% Traditional cash on cash: -1.09% Airbnb Rental Income: $1688 Traditional Rental Income: $1245 Airbnb ROI: -1.17% 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: 2.93% Traditional cash on cash: 8.94% Airbnb Rental Income: $1062 Traditional Rental Income: $1420 Airbnb ROI: 2.93% 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: -0.13% Traditional cash on cash: 4.23% Airbnb Rental Income: $1062 Traditional Rental Income: $2840 Airbnb ROI: -0.13% 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: 2.34% Traditional cash on cash: 6.67% Airbnb Rental Income: $1688 Traditional Rental Income: $2441 Airbnb ROI: 2.34% 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: 0.13% Traditional cash on cash: 3.05% Airbnb Rental Income: $2272 Traditional Rental Income: $3474 Airbnb ROI: 0.13% Traditional ROI: 3.05%
7093 Little Twin Lake Road NE Mancelona, MI Come home to 214 feet of pristine waterfront at this stunning, fully furnished Up North re...	3 beds \| 2 baths \| 2,400 sq.ft.	$629,900	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.78% Airbnb Rental Income: $1688 Traditional Rental Income: $3025 Airbnb ROI: -0.29% Traditional ROI: 2.78%
8768 Sunset Trail, NE Mancelona, MI Beautiful Starvation Lake â where the livinâ is easy and Northern Michigan memories ar...	3 beds \| 3 baths \| 3,807 sq.ft.	$1,100,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 0.54% Airbnb Rental Income: $1688 Traditional Rental Income: $3232 Airbnb ROI: -1.43% Traditional ROI: 0.54%
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: 1.76% Traditional cash on cash: 1.6% Airbnb Rental Income: $1688 Traditional Rental Income: $1166 Airbnb ROI: 1.76% Traditional ROI: 1.6%
11903 Partridge Lane Mancelona, MI Want a place to get away from it all? Look no further! With 5 acres and an updated cabin r...	2 beds \| 1 baths \| 700 sq.ft.	$130,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 5.59% Airbnb Rental Income: $1062 Traditional Rental Income: $1105 Airbnb ROI: 2.32% Traditional ROI: 5.59%
6500 Schuss Mountain Lane #117 Mancelona, MI Own an affordable piece of northern Michigan history in the iconic main lodge at Schuss Mo...	1 beds \| 1 baths \| 288 sq.ft.	$69,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 6.95% Airbnb Rental Income: $652 Traditional Rental Income: $765 Airbnb ROI: 1.03% Traditional ROI: 6.95%
6075 Cedar River Road Mancelona, MI 430 feet of Cedar River frontage, towering cedar trees, and 1.92 acres of Northern Michiga...	4 beds \| 2 baths \| 2,600 sq.ft.	$440,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 4.67% Airbnb Rental Income: $2272 Traditional Rental Income: $2627 Airbnb ROI: 2.43% Traditional ROI: 4.67%
9500 Wilamont Circle Mancelona, MI Experience Northern Michigan living in this unique modern shipping container home, built i...	3 beds \| 2 baths \| 960 sq.ft.	$450,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.68% Airbnb Rental Income: $1688 Traditional Rental Income: $2172 Airbnb ROI: 0.41% 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.	$305,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 5.7% Airbnb Rental Income: $1688 Traditional Rental Income: $2244 Airbnb ROI: 2.12% Traditional ROI: 5.7%
3727 Boardwalk Way NE Mancelona, MI Tucked away in the heart of Northern Michigan, this beautiful 6.69-acre property offers th...	2 beds \| 2 baths \| 924 sq.ft.	$159,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 8.89% Airbnb Rental Income: $1062 Traditional Rental Income: $1692 Airbnb ROI: 2.37% Traditional ROI: 8.89%
401 Sunnyside Street Mancelona, MI Make yourself at home! Spacious house on a large corner lot, in a lovely west-side neighbo...	4 beds \| 2 baths \| 2,354 sq.ft.	$225,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 10.41% Airbnb Rental Income: $2272 Traditional Rental Income: $2709 Airbnb ROI: 5.69% Traditional ROI: 10.41%
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.	$260,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 6.45% Airbnb Rental Income: $1688 Traditional Rental Income: $2086 Airbnb ROI: 2.91% Traditional ROI: 6.45%
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: 0.17% Traditional cash on cash: 7.04% Airbnb Rental Income: $1062 Traditional Rental Income: $2396 Airbnb ROI: 0.17% 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: 0.38% Traditional cash on cash: 2.8% Airbnb Rental Income: $1688 Traditional Rental Income: $2460 Airbnb ROI: 0.38% Traditional ROI: 2.8%
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.	$365,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.62% Airbnb Rental Income: $1688 Traditional Rental Income: $2447 Airbnb ROI: 1.03% Traditional ROI: 4.62%
6586 Breezewood Drive Mancelona, MI Cute 3 bedroom Chalet that would make a great starter home or retirement home. Home featur...	3 beds \| 1 baths \| 1,894 sq.ft.	$249,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 5.16% Airbnb Rental Income: $1688 Traditional Rental Income: $1715 Airbnb ROI: 3.05% Traditional ROI: 5.16%
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: -1.46% Traditional cash on cash: 2.68% Airbnb Rental Income: $1062 Traditional Rental Income: $1632 Airbnb ROI: -1.46% 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.	$290,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 6.4% Airbnb Rental Income: $1688 Traditional Rental Income: $2587 Airbnb ROI: 1.39% Traditional ROI: 6.4%
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.	$295,000	Airbnb cash on cash: 4.5% Traditional cash on cash: 5.72% Airbnb Rental Income: $2272 Traditional Rental Income: $2042 Airbnb ROI: 4.5% Traditional ROI: 5.72%
9269 Gedman Road Mancelona, MI Welcome to the shores of Starvation Lake! This cottage is nestled on 2 parcels, on an all-...	2 beds \| 1 baths \| 792 sq.ft.	$544,400	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.24% Airbnb Rental Income: $1062 Traditional Rental Income: $1533 Airbnb ROI: -0.4% Traditional ROI: 1.24%
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: 0.59% Traditional cash on cash: 4.46% Airbnb Rental Income: $1062 Traditional Rental Income: $1450 Airbnb ROI: 0.59% 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: 0.59% Traditional cash on cash: 5.89% Airbnb Rental Income: $1062 Traditional Rental Income: $1727 Airbnb ROI: 0.59% 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: 0.59% Traditional cash on cash: 6.18% Airbnb Rental Income: $1062 Traditional Rental Income: $1784 Airbnb ROI: 0.59% 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: 0.59% Traditional cash on cash: 5.89% Airbnb Rental Income: $1062 Traditional Rental Income: $1727 Airbnb ROI: 0.59% 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.	$220,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 6.83% Airbnb Rental Income: $1688 Traditional Rental Income: $1914 Airbnb ROI: 3.49% Traditional ROI: 6.83%
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.	$274,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 5.29% Airbnb Rental Income: $1688 Traditional Rental Income: $2147 Airbnb ROI: 1.69% Traditional ROI: 5.29%
5568 S 131 Highway Mancelona, MI Charming Countryside Retreat on 8 Acres â Just Northeast of Mancelona. Welcome to your o...	4 beds \| 2 baths \| 1,800 sq.ft.	$395,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.42% Airbnb Rental Income: $2272 Traditional Rental Income: $2667 Airbnb ROI: 1.83% Traditional ROI: 4.42%
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: 0.66% Traditional cash on cash: 5.61% Airbnb Rental Income: $1062 Traditional Rental Income: $1635 Airbnb ROI: 0.66% 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: -0.17% Traditional cash on cash: 7.38% Airbnb Rental Income: $652 Traditional Rental Income: $1661 Airbnb ROI: -0.17% Traditional ROI: 7.38%
9710 S Fawn Lane Mancelona, MI Built in 2024! Tucked in 1700 feet off Starvation Lake Road! Move right in and start enjoy...	3 beds \| 2 baths \| 1,152 sq.ft.	$250,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 6.89% Airbnb Rental Income: $1688 Traditional Rental Income: $2315 Airbnb ROI: 2.24% Traditional ROI: 6.89%
9710 S Fawn Lane NE Mancelona, MI Tucked in 1700 feet off Starvation Lake Road! Move right in and start enjoying this newer ...	3 beds \| 2 baths \| 1,152 sq.ft.	$250,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 6.25% Airbnb Rental Income: $1688 Traditional Rental Income: $2163 Airbnb ROI: 2.24% Traditional ROI: 6.25%
6826 Little Twin Lake Road NE Mancelona, MI Enjoy peaceful boating on pristine Little Twin Lake in northern Kalkaska County. This 3-be...	3 beds \| 3 baths \| 2,562 sq.ft.	$450,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 5.95% Airbnb Rental Income: $1688 Traditional Rental Income: $3362 Airbnb ROI: 0.86% Traditional ROI: 5.95%

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

There are 48 investment properties available for sale in Mancelona.

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

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

7686 Wyndamar Drive

Mancelona, MI

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

$269,900

Airbnb cash on cash: 2.94%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $1688

Traditional Rental Income: $1606

Airbnb ROI: 2.94%

Traditional ROI: 4.47%

9149 N Twin Lake Road

Mancelona, MI

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

$309,000

Airbnb cash on cash: 3.02%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $2272

Traditional Rental Income: $2622

Airbnb ROI: 3.02%

Traditional ROI: 6.17%

6658 Schuss Mountain Lane #3272

Mancelona, MI

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

$379,000

Airbnb cash on cash: -1.17%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1688

Traditional Rental Income: $1245

Airbnb ROI: -1.17%

Traditional ROI: -1.09%

8610 Grassmere Court

Mancelona, MI

2 beds | 1 baths | 772 sq.ft.

$125,000

Airbnb cash on cash: 2.93%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $1062

Traditional Rental Income: $1420

Airbnb ROI: 2.93%

Traditional ROI: 8.94%

5635 Mystic Drive

Mancelona, MI

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

$525,635

Airbnb cash on cash: -0.13%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $1062

Traditional Rental Income: $2840

Airbnb ROI: -0.13%

Traditional ROI: 4.23%

6609 Deepwood Drive

Mancelona, MI

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

$300,000

Airbnb cash on cash: 2.34%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $1688

Traditional Rental Income: $2441

Airbnb ROI: 2.34%

Traditional ROI: 6.67%

5391 Scholl Road

Mancelona, MI

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

$650,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 3.05%

Airbnb Rental Income: $2272

Traditional Rental Income: $3474

Airbnb ROI: 0.13%

Traditional ROI: 3.05%

7093 Little Twin Lake Road NE

Mancelona, MI

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

$629,900

Airbnb cash on cash: -0.29%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $1688

Traditional Rental Income: $3025

Airbnb ROI: -0.29%