Single Family 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 single-family homes in Mancelona, MI offers steady rental income with a moderate average ROI of 7%. The cap rate of around 6% reflects a stable property market in this region. Rental yields hover near 8%, supporting consistent cash flow for investors. Average rents remain affordable, contributing to a renter-occupied rate of approximately 45%. This balance makes Mancelona an attractive option in Michigan for long-term rental investments.
7%
Avg. ROI
8%
Rental Yield
6%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for single-family homes in Mancelona is approximately 8%, supporting steady returns for investors.
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