Investment Properties for Sale in Mancelona, MI
Fix & Flip
Listed for sale 6 days ago
$ 149,900
ROI
24.3
Cash Flow/m
188- 3 Bed
- 1 Bath
- 1770 sft
209 E Michigan St, Mancelona, MI, 49659
$ 219,900
ROI
19.8Cash Flow/m
2- 3 Bed
- 2 Bath
- 1600 sft
8379 Merrimon Ct, Mancelona, MI, 49659
$ 199,900
ROI
24.6Cash Flow/m
271- 3 Bed
- 2 Bath
- 1173 sft
The Churchill Plan, Northen Michigan New Construction, Mancelona, MI, 49659
$ 214,900
ROI
22.0Cash Flow/m
132- 3 Bed
- 2 Bath
- 1600 sft
The Odyssey Plan, Northen Michigan New Construction, Mancelona, MI, 49659
Why Invest in Mancelona, Michigan?
Investing in Mancelona, MI offers attractive opportunities due to its stable rental market and modest appreciation rates. The average ROI stands at around 7%, supported by a rental yield near 6%. Affordable property prices combined with solid cap rates near 5% make it compelling for investors seeking consistent cash flow. The area’s renter-occupied rate is approximately 48%, reflecting a balanced demand for rental units. Additionally, average monthly rents are competitive, contributing to steady income streams.
7%
Avg. ROI
6%
Rental Yield
5%
Cap Rate
$300/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Mancelona is approximately 6%, making it a viable location for investment rental properties.
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