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
55811 Davis Lane Dowagiac, MI 3 BD 2.5 BA 3,145-sq-ft home overlooks tranquil Mill Pond 156-foot waterfront from Â¾-acre...	3 beds \| 3 baths \| 3,145 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.57% Airbnb Rental Income: $null Traditional Rental Income: $3209 Airbnb ROI: N/A Traditional ROI: 2.57%
31754 Swisher Street Dowagiac, MI Welcome to your new horizon at 31754 Swisher Street, Dowagiac, MI! This charming home offe...	2 beds \| 1 baths \| 1,306 sq.ft.	$207,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.63% Airbnb Rental Income: $null Traditional Rental Income: $1554 Airbnb ROI: N/A Traditional ROI: 5.63%
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%
50002 M 51 N Dowagiac, MI Welcome to 50002 M-51. This beautiful 30 acre pastured property, farm house, and buildings...	4 beds \| 1 baths \| 1,800 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $1923 Airbnb ROI: N/A Traditional ROI: 3.95%
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%
611 Orchard Street Dowagiac, MI WOW! This remodeled 4 bed \| 2 bath home is absolutely stunning! The new flooring, lighting...	4 beds \| 2 baths \| 1,765 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.89% Airbnb Rental Income: $null Traditional Rental Income: $2361 Airbnb ROI: N/A Traditional ROI: 8.89%
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.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $2031 Airbnb ROI: N/A Traditional ROI: 7.96%
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%
56445 M-51 S S Dowagiac, MI Welcome to the idyllic charm of Dowagiac, MI! Nestled on a generous 1.5-acre lot, this met...	2 beds \| 2 baths \| 1,331 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1916 Airbnb ROI: N/A Traditional ROI: 6.31%
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%
27785 Burmax Park Dowagiac, MI (Update: Price reduction! Main floor has 2nd living room that could be converted to a ma...	4 beds \| 3 baths \| 2,368 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.36% Airbnb Rental Income: $null Traditional Rental Income: $3392 Airbnb ROI: N/A Traditional ROI: 8.36%
60155 M 51 S Dowagiac, MI Discover the potential of this charming 5-bedroom, 1.5-bath home set on a sprawling 7.6-ac...	5 beds \| 2 baths \| 1,571 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.59% Airbnb Rental Income: $null Traditional Rental Income: $2434 Airbnb ROI: N/A Traditional ROI: 8.59%
29314 Saddlebred Lane Dowagiac, MI OPEN HOUSE! SAT, JULY 20, 9-11. WOW! Located at the end of Saddlebred Subdivision, this ...	5 beds \| 3 baths \| 3,210 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $3116 Airbnb ROI: N/A Traditional ROI: 5.78%
26509 Nubour Road Dowagiac, MI Your own little slice of heaven awaits with 232 +/- feet of private waterfront on Mill Pon...	4 beds \| 4 baths \| 2,849 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $3901 Airbnb ROI: N/A Traditional ROI: 5.8%
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.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $2276 Airbnb ROI: N/A Traditional ROI: 3.94%
25033 Twin Shores Drive Dowagiac, MI Price reduced!! Very motivated seller. Cozy home on all sports Little Twin Lake in Dowag...	2 beds \| 1 baths \| 768 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.31% Airbnb Rental Income: $null Traditional Rental Income: $1427 Airbnb ROI: N/A Traditional ROI: 3.31%
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%
51229 Townhall Road Dowagiac, MI Country living at a great price. This well maintained & one-owner home features 3 bedrooms...	3 beds \| 2 baths \| 1,296 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.2% Airbnb Rental Income: $null Traditional Rental Income: $1872 Airbnb ROI: N/A Traditional ROI: 9.2%
111 N Villamere Drive Dowagiac, MI Yard maintenance and snow removal are a thing of the past when living in Villamere Subdivi...	3 beds \| 3 baths \| 2,176 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $2676 Airbnb ROI: N/A Traditional ROI: 8.04%
206 Michigan Avenue Dowagiac, MI Come see this charming home, ideally located within walking distance to the shops of Dowag...	4 beds \| 3 baths \| 2,100 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.93% Airbnb Rental Income: $null Traditional Rental Income: $2673 Airbnb ROI: N/A Traditional ROI: 9.93%
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%
507 Spruce Street Dowagiac, MI Discover your perfect home in this stunning 3-bedroom, 2-bathroom property, built in 2022....	3 beds \| 2 baths \| 1,073 sq.ft.	$247,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $1863 Airbnb ROI: N/A Traditional ROI: 5.09%
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%
24639 Walnut Street Dowagiac, MI This is a delightful house on a hill with views of Big Twin Lake. The entire upstairs has...	3 beds \| 2 baths \| 1,484 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.3% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 10.3%
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 3 neat and clean cottages all on their own lots with multiple other lots nearby included. ...	N/A beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.25% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 7.25%
306 Orchard Street Dowagiac, MI PRICE CHANGE!! THIS HOME QUALIFIES FOR MSHDA DOWNPAYMENT ASSISTANCE!! Located in the pictu...	4 beds \| 2 baths \| 2,296 sq.ft.	$198,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.22% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 9.22%
93459 M 152 Dowagiac, MI Lovely secluded home in the woods! Yet, on a highway in popular Sister Lakes! Well built,...	2 beds \| 2 baths \| 1,644 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $2235 Airbnb ROI: N/A Traditional ROI: 4.03%
27650 Swamp Street Dowagiac, MI Featuring 24+/- acres of wooded land with trails. This property is every country lover's ...	3 beds \| 2 baths \| 1,797 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $2393 Airbnb ROI: N/A Traditional ROI: 3.76%
513 Keene Avenue Dowagiac, MI Nestled amidst the beauty of autumn, this charming home invites you in with its warm and w...	2 beds \| 2 baths \| 1,172 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.43% Airbnb Rental Income: $null Traditional Rental Income: $1927 Airbnb ROI: N/A Traditional ROI: 8.43%
503 W High Street Dowagiac, MI Charming & move-in ready 3 bed/1 bath home located in the city of Dowagiac. The main level...	3 beds \| 1 baths \| 913 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.51% Airbnb Rental Income: $null Traditional Rental Income: $1537 Airbnb ROI: N/A Traditional ROI: 6.51%
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%
616 Helena Street Dowagiac, MI Come see this adorable 3 bed one bath home. The home offers a large eat in kitchen with pl...	3 beds \| 1 baths \| 936 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.98% Airbnb Rental Income: $null Traditional Rental Income: $1508 Airbnb ROI: N/A Traditional ROI: 6.98%
24674 Gage Street Dowagiac, MI Country living is calling your name! Situated on 4+/- acres and surrounded by a combinatio...	3 beds \| 3 baths \| 2,468 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2739 Airbnb ROI: N/A Traditional ROI: 5.27%
29148 Water Street Dowagiac, MI Just outside of Dowagiac's city limits is this charming and move-in ready 3 bedroom \| 2 ba...	3 beds \| 2 baths \| 1,300 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $2268 Airbnb ROI: N/A Traditional ROI: 5.91%

Real Estate investment in Dowagiac, MI

There are 44 properties for sale in the city of Dowagiac . The median list price in Dowagiac is $246,450 and the average price per square foot is $140. In November 2024, the average monthly cash on cash return in Dowagiac is 7.00%. The average monthly rental income in Dowagiac is $2,272.

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

There are 44 investment properties available for sale in Dowagiac.

In 2024, the best neighborhood to buy investment property is Dowagiac.

The ROI for Short-Term is higher than the Long-Term in Dowagiac with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Dowagiac, MI

55811 Davis Lane

Dowagiac, MI

3 beds | 3 baths | 3,145 sq.ft.

$750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.57%

Airbnb Rental Income: $null

Traditional Rental Income: $3209

Airbnb ROI: N/A

Traditional ROI: 2.57%

31754 Swisher Street

Dowagiac, MI

2 beds | 1 baths | 1,306 sq.ft.

$207,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1554

Airbnb ROI: N/A

Traditional ROI: 5.63%

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%

50002 M 51 N

Dowagiac, MI

4 beds | 1 baths | 1,800 sq.ft.

$359,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.95%

Airbnb Rental Income: $null

Traditional Rental Income: $1923

Airbnb ROI: N/A

Traditional ROI: 3.95%

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%

611 Orchard Street

Dowagiac, MI

4 beds | 2 baths | 1,765 sq.ft.

$230,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2361

Airbnb ROI: N/A