Real Estate Investment Properties for Sale in Dowagiac, MI

Looking for investment property in Dowagiac, MI with high ROI ?

Explore a variety of short-term homes & houses in Dowagiac, MI. Invest wisely with VRBO & Dowagiac, 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 Dowagiac, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
404 N Front Street Dowagiac, MI This newly renovated home is a MUST see! located in Downtown Dowagic. The home offers a la...	3 beds \| 2 baths \| 1,746 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.21% Airbnb Rental Income: $null Traditional Rental Income: $2248 Airbnb ROI: N/A Traditional ROI: 8.21%
95106 62nd Street Dowagiac, MI Welcome to coveted Magician Lake! This home boasts 2.1 acres with sunset views in a quiet...	3 beds \| 2 baths \| 1,903 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $2689 Airbnb ROI: N/A Traditional ROI: 0.1%
68448 BEECHWOOD Drive Dowagiac, MI Welcome home to this luxurious Malibu inspired 4 story! You don't want to miss this 4 bedr...	4 beds \| 5 baths \| 2,068 sq.ft.	$2,449,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.05% Airbnb Rental Income: $null Traditional Rental Income: $3959 Airbnb ROI: N/A Traditional ROI: -0.05%
58560 Indian Lake Road Dowagiac, MI Beautiful, Serene Lake House on secluded Little Smith Lake North of Sumnerville. 30 minut...	3 beds \| 2 baths \| 2,721 sq.ft.	$759,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $2901 Airbnb ROI: N/A Traditional ROI: 2.44%
58691 M-51 Dowagiac, MI Over 8 acres to grow your own produce - have space - or enjoy just enjoy the Land! This...	3 beds \| 2 baths \| 1,248 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.18% Airbnb Rental Income: $null Traditional Rental Income: $2031 Airbnb ROI: N/A Traditional ROI: 8.18%
55610 Nubour Road Dowagiac, MI A special tranquil place on the water with 5 acres of rolling hills. Enjoy panoramic views...	3 beds \| 3 baths \| 1,750 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.72% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 2.72%
402 Pennsylvania Avenue Dowagiac, MI Corner house in Dowagiac with lots of new features. Move in-conditions, ready for a new Ow...	2 beds \| 1 baths \| 1,289 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.47% Airbnb Rental Income: $null Traditional Rental Income: $1644 Airbnb ROI: N/A Traditional ROI: 8.47%
23381 Fosdick Street Dowagiac, MI This beautiful home, built in 2011, sits on 1.7 acres with an endless view off the back de...	3 beds \| 3 baths \| 3,359 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $2481 Airbnb ROI: N/A Traditional ROI: 4.48%
32867 Middle Crossing Road Dowagiac, MI This spacious 4-bedroom, 2-bathroom ranch home is nestled on approximately 2.5 acres of pr...	4 beds \| 2 baths \| 1,556 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $2276 Airbnb ROI: N/A Traditional ROI: 4.12%
432 Chestnut Street Dowagiac, MI Cheaper than RENT!! This 2 bedroom home is located on large lot, shed has electric. Home ...	2 beds \| 1 baths \| 1,474 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $1424 Airbnb ROI: N/A Traditional ROI: 7.96%
308 W Division Street Dowagiac, MI What a charmer! This 2 bedroom, 1.5 bath ranch home is larger than it appears from the ou...	2 beds \| 2 baths \| 1,238 sq.ft.	$139,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.51% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 11.51%
25133 Twin Shore Drive Dowagiac, MI Great location! This move-in ready ranch sits on a large corner lot at Twin Shores and La...	3 beds \| 1 baths \| 1,000 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $1408 Airbnb ROI: N/A Traditional ROI: 6.82%
29401 Pine Row Trail Dowagiac, MI Stunning 4 bed/2.5 bath home with an additional 1 bed/1 bath guest home located in sought-...	4 beds \| 3 baths \| 3,017 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $3157 Airbnb ROI: N/A Traditional ROI: 5.29%
117 Hamilton Street Dowagiac, MI Welcome to your dream home! This beautifully remodeled 3 bedroom, 2 bathroom house offers ...	3 beds \| 2 baths \| 1,424 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.72% Airbnb Rental Income: $null Traditional Rental Income: $2025 Airbnb ROI: N/A Traditional ROI: 9.72%
28321 Downey Street Dowagiac, MI Welcome to just under 20 beautiful acres of premium hunting property located in Southwest ...	3 beds \| 2 baths \| 2,081 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.05% Airbnb Rental Income: $null Traditional Rental Income: $2469 Airbnb ROI: N/A Traditional ROI: 4.05%
58180 Indian Lake Road Dowagiac, MI Once in a lifetime property with 70 acres of scenic private woods and frontage on Little S...	3 beds \| 3 baths \| 2,643 sq.ft.	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $3191 Airbnb ROI: N/A Traditional ROI: 1.83%
66476 Oak Street Dowagiac, MI 2 neat and clean cottages all on their own lots with multiple, buildable other lots nearby...	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.19% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 11.19%
30958 Bittersweet Trail Dowagiac, MI Magician lakefront home completely remodeled within the last 7 years. Amazing lake views ...	4 beds \| 2 baths \| 1,622 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $2497 Airbnb ROI: N/A Traditional ROI: 1.08%
67560 95th Avenue Dowagiac, MI A true GEM! This unique property features two charming cottages on one lot with 40 feet o...	4 beds \| 2 baths \| 1,440 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.72% Airbnb Rental Income: $null Traditional Rental Income: $2287 Airbnb ROI: N/A Traditional ROI: 1.72%
301 W Prairie Ronde Street Dowagiac, MI Welcome home to this little Jem in the city of Dowagiac. This home has spacious open conce...	3 beds \| 2 baths \| 1,536 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 10% Airbnb Rental Income: $null Traditional Rental Income: $2095 Airbnb ROI: N/A Traditional ROI: 10%
402 Michigan Avenue Dowagiac, MI Newly remolded home in the city of Dowagiac. New roof, new windows, all new bathroom and k...	4 beds \| 2 baths \| 1,900 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.48% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 9.48%
312 Orchard Street Dowagiac, MI Come check out this cute two bedroom, one bathroom bungalow with large open rooms, ideal f...	2 beds \| 1 baths \| 1,157 sq.ft.	$123,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.83% Airbnb Rental Income: $null Traditional Rental Income: $1604 Airbnb ROI: N/A Traditional ROI: 10.83%
53075 M 51 N Dowagiac, MI Welcome to your slice of country paradise! This adorable 4-bedroom, 1-bath home sits on 10...	4 beds \| 1 baths \| 1,176 sq.ft.	$298,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.67% Airbnb Rental Income: $null Traditional Rental Income: $1737 Airbnb ROI: N/A Traditional ROI: 4.67%
50246 Eastside Drive Dowagiac, MI Cable Lake access home in the Wildwood Subdivision. Three access points to the lake throu...	2 beds \| 1 baths \| 1,245 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $1607 Airbnb ROI: N/A Traditional ROI: 4.51%
50605 Maple Island Road Dowagiac, MI Magician Lakefront home with magnificent lake views. 3 bedrooms, 1 bathroom home with unf...	3 beds \| 1 baths \| 1,000 sq.ft.	$588,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $1537 Airbnb ROI: N/A Traditional ROI: 1.25%
32461 Center Street Dowagiac, MI COME HOME to your own PEACEFUL private corner of CABLE LAKE! Tucked away on a picturesque ...	2 beds \| 2 baths \| 1,400 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $2136 Airbnb ROI: N/A Traditional ROI: 2.94%
318 Oak St Street Dowagiac, MI Do not miss out on this adorable ranch home. The pictures do not do this home justice. Hom...	4 beds \| 1 baths \| 1,800 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.78% Airbnb Rental Income: $null Traditional Rental Income: $1755 Airbnb ROI: N/A Traditional ROI: 7.78%

Real Estate investment in Dowagiac, MI

There are 27 properties for sale in the city of Dowagiac . The median list price in Dowagiac is $225,000 and the average price per square foot is $130. In January 2025, the average monthly cash on cash return in Dowagiac is 8.00%. The average monthly rental income in Dowagiac is $2,189.

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

There are 27 investment properties available for sale in Dowagiac.

In 2025, the best neighborhood to buy investment property is Dowagiac.

The ROI for Long-Term is higher than the Short-Term in Dowagiac with average rental income of $2,189.

Your search for investment property begins and ends here

Investment Property for Sale in Dowagiac, MI

404 N Front Street

Dowagiac, MI

3 beds | 2 baths | 1,746 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2248

Airbnb ROI: N/A

Traditional ROI: 8.21%

95106 62nd Street

Dowagiac, MI

3 beds | 2 baths | 1,903 sq.ft.

$1,200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.1%

Airbnb Rental Income: $null

Traditional Rental Income: $2689

Airbnb ROI: N/A

Traditional ROI: 0.1%

68448 BEECHWOOD Drive

Dowagiac, MI

4 beds | 5 baths | 2,068 sq.ft.

$2,449,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.05%

Airbnb Rental Income: $null

Traditional Rental Income: $3959

Airbnb ROI: N/A

Traditional ROI: -0.05%

58560 Indian Lake Road

Dowagiac, MI

3 beds | 2 baths | 2,721 sq.ft.

$759,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.44%

Airbnb Rental Income: $null

Traditional Rental Income: $2901

Airbnb ROI: N/A

Traditional ROI: 2.44%

58691 M-51

Dowagiac, MI

3 beds | 2 baths | 1,248 sq.ft.

$205,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2031

Airbnb ROI: N/A

Traditional ROI: 8.18%

55610 Nubour Road

Dowagiac, MI

3 beds | 3 baths | 1,750 sq.ft.

$675,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.72%

Airbnb Rental Income: $null

Traditional Rental Income: $2715

Airbnb ROI: N/A

Traditional ROI: 2.72%

402 Pennsylvania Avenue

Dowagiac, MI

2 beds | 1 baths | 1,289 sq.ft.

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.47%

Airbnb Rental Income: $null

Traditional Rental Income: $1644

Airbnb ROI: N/A

Traditional ROI: 8.47%

23381 Fosdick Street

Dowagiac, MI

3 beds | 3 baths | 3,359 sq.ft.

$390,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.48%

Airbnb Rental Income: $null

Traditional Rental Income: $2481

Airbnb ROI: N/A