Is Mancelona, MI a good place to invest in rental property?

Mancelona, MI has a median modeled monthly cash flow of $-619 and a median cap rate of 3.1%, on a median sold price of $138,000. Prices changed +20.7% year over year.

What is the average cap rate in Mancelona, MI?

The median cap rate across recently sold homes in Mancelona, MI is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mancelona, MI?

The median sold price in Mancelona, MI is $138,000 (about $175 per square foot).

Investing in Mancelona, MI Real Estate

A data-driven snapshot of the Mancelona, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$138,000Median sold price

$175Median $/sqft

3.1%Median cap rate

$-619Modeled cash flow / mo

+20.7%Appreciation YoY

4.0Months of supply

35Active listings

105Sold (last 12 mo)

What the Mancelona numbers say

In Mancelona, MI, the median home sold for $138,000 (about $175 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-619 of monthly cash flow. Sold prices moved +20.7% over the past year. Inventory sits at about 4.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Mancelona cash-flowing listings

CashFlowRE ranks every for-sale home in Mancelona, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mancelona deals, or browse the national market data.