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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2050 W SCHUSS MOUNTAIN DRIVE Mancelona, MI Vista Del Verde #4 is a peaceful corner condo that overlooks the Schuss Golf Course & ski ...	2 beds \| 2 baths \| 931 sq.ft.	$279,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 3.47% Airbnb Rental Income: $1991 Traditional Rental Income: $1668 Airbnb ROI: 2.72% Traditional ROI: 3.47%
8102 Fairway Hollow Drive Mancelona, MI Welcome to 8102 Fairway Hollow where you will find this affordable BOCA construction home....	3 beds \| 2 baths \| 1,104 sq.ft.	$185,000	Airbnb cash on cash: 8.73% Traditional cash on cash: 8.76% Airbnb Rental Income: $2558 Traditional Rental Income: $1949 Airbnb ROI: 8.73% Traditional ROI: 8.76%
8071 Dobie Lane Mancelona, MI This beautiful ranch-style home offers the perfect blend of rural charm and modern conveni...	4 beds \| 3 baths \| 2,159 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $2780 Airbnb ROI: N/A Traditional ROI: 5.38%
6519 Schuss Mountain Lane #519/520 Mancelona, MI Welcome to an exceptional retreat at Schuss Mountain! This rare slope-side, TURN KEY end u...	2 beds \| 2 baths \| 850 sq.ft.	$264,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 3.17% Airbnb Rental Income: $1991 Traditional Rental Income: $1384 Airbnb ROI: 3.52% Traditional ROI: 3.17%
6601 SCHUSS MOUNTAIN LANE Mancelona, MI The relaxed Village of Schuss is where you find this turnkey condo at Shanty Creek Resort....	1 beds \| 1 baths \| 430 sq.ft.	$149,000	Airbnb cash on cash: 6.49% Traditional cash on cash: 6.68% Airbnb Rental Income: $1814 Traditional Rental Income: $1350 Airbnb ROI: 6.49% Traditional ROI: 6.68%
3531 Twin Lake Road, NE Mancelona, MI This homestead was an active farm until this past spring. This great spot features 9 acre...	3 beds \| 2 baths \| 1,931 sq.ft.	$245,000	Airbnb cash on cash: 6.58% Traditional cash on cash: 9.28% Airbnb Rental Income: $2558 Traditional Rental Income: $2567 Airbnb ROI: 6.58% Traditional ROI: 9.28%
10546 N Twin Lake Road, NE Mancelona, MI Water so beautiful, once you experience you won't want to leave this 100 feet on beautiful...	3 beds \| 3 baths \| 2,520 sq.ft.	$679,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 3.79% Airbnb Rental Income: $2558 Traditional Rental Income: $3463 Airbnb ROI: 1.39% Traditional ROI: 3.79%
4930 DOERR Mancelona, MI Lovely ranch home on 10 acres! Enjoy countryside living in this great Antrim County locati...	3 beds \| 2 baths \| 1,352 sq.ft.	$219,900	Airbnb cash on cash: 7.56% Traditional cash on cash: 8.37% Airbnb Rental Income: $2558 Traditional Rental Income: $2113 Airbnb ROI: 7.56% Traditional ROI: 8.37%
4930 Doerr Road Mancelona, MI Lovely ranch home on 10 acres! Enjoy countryside living in this great Antrim County locati...	3 beds \| 2 baths \| 1,352 sq.ft.	$219,900	Airbnb cash on cash: 7.56% Traditional cash on cash: 8.45% Airbnb Rental Income: $2558 Traditional Rental Income: $2128 Airbnb ROI: 7.56% Traditional ROI: 8.45%
8468 Shorewood Court Mancelona, MI Stunning 2-Bed, 1-Bath Home on 2+ Acres. An oversized 24x40 insulated garage is a standout...	2 beds \| 1 baths \| 900 sq.ft.	$140,000	Airbnb cash on cash: 8.23% Traditional cash on cash: 9.22% Airbnb Rental Income: $1991 Traditional Rental Income: $1604 Airbnb ROI: 8.23% Traditional ROI: 9.22%
8334 Cinder Hill Road Mancelona, MI Spacious house for a go getter! This is a 3 bedroom and 2 bathroom home with just shy of 1...	3 beds \| 2 baths \| 1,727 sq.ft.	$199,000	Airbnb cash on cash: 8.4% Traditional cash on cash: 10.92% Airbnb Rental Income: $2558 Traditional Rental Income: $2419 Airbnb ROI: 8.4% Traditional ROI: 10.92%
8745 Whispering Pines Drive Mancelona, MI Your Perfect Escape Awaits! Welcome to this enchanting 1 bedroom, 1 bath log home nestled...	1 beds \| 1 baths \| 1,008 sq.ft.	$230,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 5.84% Airbnb Rental Income: $1814 Traditional Rental Income: $1811 Airbnb ROI: 3.6% Traditional ROI: 5.84%
4658 Beaver Trail Mancelona, MI Off-grid living at its finest!! This property features a main house/cabin, an outdoor show...	1 beds \| 1 baths \| 400 sq.ft.	$159,000	Airbnb cash on cash: 6.88% Traditional cash on cash: 7.42% Airbnb Rental Income: $1814 Traditional Rental Income: $1405 Airbnb ROI: 6.88% Traditional ROI: 7.42%
8829 Priest Road Mancelona, MI UP NORTH 5 acres with a fantastic newer 3 bedroom 2 bath home. This charming home has had ...	3 beds \| 2 baths \| 2,582 sq.ft.	$409,900	Airbnb cash on cash: 3.25% Traditional cash on cash: 4.9% Airbnb Rental Income: $2558 Traditional Rental Income: $2576 Airbnb ROI: 3.25% Traditional ROI: 4.9%
2100 W SCHUSS MOUNTAIN ROAD Mancelona, MI The perfect resort retreat. This spacious 3-bedroom, 3-bath condo is located on the golf c...	3 beds \| 3 baths \| 1,912 sq.ft.	$369,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 6.32% Airbnb Rental Income: $2558 Traditional Rental Income: $2814 Airbnb ROI: 3.8% Traditional ROI: 6.32%
1338 LEONARD ROAD Mancelona, MI This charming and recently updated home is located near many lakes including Torch Lake wi...	3 beds \| 2 baths \| 1,300 sq.ft.	$229,000	Airbnb cash on cash: 7.23% Traditional cash on cash: 8.21% Airbnb Rental Income: $2558 Traditional Rental Income: $2155 Airbnb ROI: 7.23% Traditional ROI: 8.21%
6825 S M-66 Mancelona, MI Located just outside the Village of Mancelona this 25 + acre property offers, 30' x 80' Po...	4 beds \| 2 baths \| 1,728 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.84% Airbnb Rental Income: $null Traditional Rental Income: $2610 Airbnb ROI: N/A Traditional ROI: 5.84%
3982 County Line Road Mancelona, MI Country home on County Line is a framed 4 + bedroom with vaulted ceilings in the living &...	4 beds \| 4 baths \| 2,868 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $3405 Airbnb ROI: N/A Traditional ROI: 7.77%
143 E COUNTY LINE ROAD Mancelona, MI Charming 4 bedroom/ 2 bath ranch style home, nestled on 10 acres allowing for maximum priv...	4 beds \| 2 baths \| 3,120 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2657 Airbnb ROI: N/A Traditional ROI: 7.03%
220 E STATE STREET Mancelona, MI Renovated Victorian style home 2 blocks from Downtown Mancelona. Home sits on 2 Village Lo...	4 beds \| 1 baths \| 1,782 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $1890 Airbnb ROI: N/A Traditional ROI: 6.21%

Real Estate investment in Mancelona, MI

There are 20 properties for sale in the city of Mancelona . The median list price in Mancelona is $229,000 and the average price per square foot is $148. In January 2025, the average monthly cash on cash return in Mancelona is 8.00%. The average monthly rental income in Mancelona is $2,128.

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

There are 20 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 $2,128.

Your search for investment property begins and ends here

Investment Property for Sale in Mancelona, MI

2050 W SCHUSS MOUNTAIN DRIVE

Mancelona, MI

2 beds | 2 baths | 931 sq.ft.

$279,000

Airbnb cash on cash: 2.72%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $1991

Traditional Rental Income: $1668

Airbnb ROI: 2.72%

Traditional ROI: 3.47%

8102 Fairway Hollow Drive

Mancelona, MI

3 beds | 2 baths | 1,104 sq.ft.

$185,000

Airbnb cash on cash: 8.73%

Traditional cash on cash: 8.76%

Airbnb Rental Income: $2558

Traditional Rental Income: $1949

Airbnb ROI: 8.73%

Traditional ROI: 8.76%

8071 Dobie Lane

Mancelona, MI

4 beds | 3 baths | 2,159 sq.ft.

$415,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2780

Airbnb ROI: N/A

Traditional ROI: 5.38%

6519 Schuss Mountain Lane #519/520

Mancelona, MI

2 beds | 2 baths | 850 sq.ft.

$264,900

Airbnb cash on cash: 3.52%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1991

Traditional Rental Income: $1384

Airbnb ROI: 3.52%

Traditional ROI: 3.17%

6601 SCHUSS MOUNTAIN LANE

Mancelona, MI

1 beds | 1 baths | 430 sq.ft.

$149,000

Airbnb cash on cash: 6.49%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1814

Traditional Rental Income: $1350

Airbnb ROI: 6.49%

Traditional ROI: 6.68%

3531 Twin Lake Road, NE

Mancelona, MI

3 beds | 2 baths | 1,931 sq.ft.

$245,000

Airbnb cash on cash: 6.58%

Traditional cash on cash: 9.28%

Airbnb Rental Income: $2558

Traditional Rental Income: $2567

Airbnb ROI: 6.58%

Traditional ROI: 9.28%

10546 N Twin Lake Road, NE

Mancelona, MI

3 beds | 3 baths | 2,520 sq.ft.

$679,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $2558

Traditional Rental Income: $3463

Airbnb ROI: 1.39%

Traditional ROI: 3.79%

4930 DOERR

Mancelona, MI

3 beds | 2 baths | 1,352 sq.ft.

$219,900

Airbnb cash on cash: 7.56%

Traditional cash on cash: 8.37%

Airbnb Rental Income: $2558

Traditional Rental Income: $2113

Airbnb ROI: 7.56%