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

Mancelona, MI has a median modeled monthly cash flow of $-360 and a median cap rate of 4.1%, on a median sold price of $148,750. Prices changed +23.3% year over year.

What is the average cap rate in Mancelona, MI?

The median cap rate across recently sold homes in Mancelona, MI is 4.1%, 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 $148,750 (about $193 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.

$148,750Median sold price

$193Median $/sqft

4.1%Median cap rate

$-360Modeled cash flow / mo

+23.3%Appreciation YoY

6.1Months of supply

46Active listings

90Sold (last 12 mo)

What the Mancelona numbers say

In Mancelona, MI, the median home sold for $148,750 (about $193 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-360 of monthly cash flow. Sold prices moved +23.3% over the past year. Inventory sits at about 6.1 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.