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
27853 Burmax Park Dowagiac, MI Ranch style house with full basement and oversized 2 car garage is located on a quiet, low...	3 beds \| 2 baths \| 1,892 sq.ft.	$254,900	Airbnb cash on cash: 4.26% Traditional cash on cash: 7.66% Airbnb Rental Income: $2056 Traditional Rental Income: $2342 Airbnb ROI: 4.26% Traditional ROI: 7.66%
108 Hill Street Dowagiac, MI Don't Miss out on this Great Home. Larger corner lot with a large detached 3-car garage, p...	3 beds \| 3 baths \| 2,136 sq.ft.	$190,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 11.18% Airbnb Rental Income: $2056 Traditional Rental Income: $2641 Airbnb ROI: 4.99% Traditional ROI: 11.18%
56200 California Road Dowagiac, MI Nestled among nearly 27 acres, this exceptional Dowagiac property offers a rare combinatio...	4 beds \| 2 baths \| 2,516 sq.ft.	$468,000	Airbnb cash on cash: 4.39% Traditional cash on cash: 2.94% Airbnb Rental Income: $3216 Traditional Rental Income: $1853 Airbnb ROI: 4.39% Traditional ROI: 2.94%
106 Hamilton St Dowagiac, MI Spacious 4 bedroom 2 bath home with loads of character. 10 ft. Ceilings on most of main le...	4 beds \| 2 baths \| 2,848 sq.ft.	$249,900	Airbnb cash on cash: 7.58% Traditional cash on cash: 7.79% Airbnb Rental Income: $3216 Traditional Rental Income: $2542 Airbnb ROI: 7.58% Traditional ROI: 7.79%
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 \| 1,908 sq.ft.	$329,900	Airbnb cash on cash: 6.22% Traditional cash on cash: 4.39% Airbnb Rental Income: $3216 Traditional Rental Income: $1923 Airbnb ROI: 6.22% Traditional ROI: 4.39%
307 E Telegraph St Dowagiac, MI Recently updated and move-in ready, this cozy home offers an efficient layout that makes t...	2 beds \| 1 baths \| 651 sq.ft.	$116,400	Airbnb cash on cash: 4.57% Traditional cash on cash: 7.13% Airbnb Rental Income: $1162 Traditional Rental Income: $1068 Airbnb ROI: 4.57% Traditional ROI: 7.13%
31401 Middle Crossing Rd Dowagiac, MI Elegant two story home nestled in the middle of cherry orchards--3 wonderful outbuildings ...	4 beds \| 2 baths \| 2,754 sq.ft.	$599,900	Airbnb cash on cash: 2.46% Traditional cash on cash: 2.91% Airbnb Rental Income: $3216 Traditional Rental Income: $2748 Airbnb ROI: 2.46% Traditional ROI: 2.91%
66476 Oak Street Dowagiac, MI 2 neat and clean cottages all on their own lots with multiple, buildable other lots nearby...	2 beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 3.62% Traditional cash on cash: 11.19% Airbnb Rental Income: $1162 Traditional Rental Income: $1514 Airbnb ROI: 3.62% Traditional ROI: 11.19%
67560 95th Ave Dowagiac, MI An affordable lakefront opportunity in the heart of Sister Lakes! Situated on beautiful Bi...	4 beds \| 2 baths \| 1,440 sq.ft.	$565,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 2.07% Airbnb Rental Income: $3216 Traditional Rental Income: $2287 Airbnb ROI: 2.46% Traditional ROI: 2.07%
55132 M 51 N Dowagiac, MI Stone Ranch style home just outside of the city limits. Features include newer Hi-Efficien...	3 beds \| 1 baths \| 1,580 sq.ft.	$229,900	Airbnb cash on cash: 5.02% Traditional cash on cash: 8.08% Airbnb Rental Income: $2056 Traditional Rental Income: $2191 Airbnb ROI: 5.02% Traditional ROI: 8.08%
31004 Middle Crossing Rd Dowagiac, MI Motivated Sellers!!!Pictures do not do this home justice. This is an opportunity like no ...	3 beds \| 2 baths \| 2,006 sq.ft.	$259,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 7.99% Airbnb Rental Income: $2056 Traditional Rental Income: $2545 Airbnb ROI: 3.81% Traditional ROI: 7.99%
53027 Twin Lakes Rd Dowagiac, MI MOTIVATED SELLERS!! Property Now Offered With A $50,000 Price Reduction With A New Price O...	4 beds \| 3 baths \| 2,445 sq.ft.	$415,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 6.24% Airbnb Rental Income: $3216 Traditional Rental Income: $3070 Airbnb ROI: 4.75% Traditional ROI: 6.24%
50479 Delling Dr Dowagiac, MI This is the magical vintage cottage we all remember going to for the summer as a child, or...	2 beds \| 1 baths \| 892 sq.ft.	$199,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 5.67% Airbnb Rental Income: $1162 Traditional Rental Income: $1509 Airbnb ROI: 1.8% Traditional ROI: 5.67%
512 Green St Dowagiac, MI Beautiful 3 bedrooms and 2 full bathrooms. The Home includes and attached 1 car garage loc...	5 beds \| 2 baths \| 2,141 sq.ft.	$299,900	Airbnb cash on cash: 6.37% Traditional cash on cash: 6.07% Airbnb Rental Income: $3011 Traditional Rental Income: $2235 Airbnb ROI: 6.37% Traditional ROI: 6.07%
423 E Division St Dowagiac, MI Spacious 3-Unit Investment Property with garage & Large Yard. The property features three ...	N/A beds \| N/A baths \| 2,914 sq.ft.	$199,900	Airbnb cash on cash: 9.52% Traditional cash on cash: 5.91% Airbnb Rental Income: $3011 Traditional Rental Income: $1636 Airbnb ROI: 9.52% Traditional ROI: 5.91%
56777 M-51 S Dowagiac, MI This spacious 3-bedroom, 2-story brick home offers the perfect blend of comfort, versatili...	4 beds \| 2 baths \| 2,830 sq.ft.	$399,000	Airbnb cash on cash: 4.96% Traditional cash on cash: 6.88% Airbnb Rental Income: $3216 Traditional Rental Income: $3210 Airbnb ROI: 4.96% Traditional ROI: 6.88%
55945 Inn D Inn Dr Dowagiac, MI Location, Location, Location! This home offers all the perks of being near Indian Lake wit...	4 beds \| 2 baths \| 2,900 sq.ft.	$389,000	Airbnb cash on cash: 4.7% Traditional cash on cash: 5.37% Airbnb Rental Income: $3216 Traditional Rental Income: $2734 Airbnb ROI: 4.7% Traditional ROI: 5.37%
105 Lester Ave Dowagiac, MI *Seller is offering a permanent 1% mortgage rate buy-down for qualified buyers, helping re...	3 beds \| 1 baths \| 1,304 sq.ft.	$249,900	Airbnb cash on cash: 5.01% Traditional cash on cash: 7.62% Airbnb Rental Income: $2056 Traditional Rental Income: $2142 Airbnb ROI: 5.01% Traditional ROI: 7.62%
102 N Mill St Dowagiac, MI *Seller is offering a permanent 1% mortgage rate buy-down for qualified buyers, helping re...	3 beds \| 1 baths \| 1,304 sq.ft.	$249,900	Airbnb cash on cash: 5% Traditional cash on cash: 7.5% Airbnb Rental Income: $2056 Traditional Rental Income: $2113 Airbnb ROI: 5% Traditional ROI: 7.5%
28902 Yaw St Dowagiac, MI 28902 Yaw St, Dowagiac, MI 49047 \| Single Family Residential	4 beds \| 1 baths \| 1,919 sq.ft.	$289,000	Airbnb cash on cash: 6.29% Traditional cash on cash: 2.07% Airbnb Rental Income: $3216 Traditional Rental Income: $1342 Airbnb ROI: 6.29% Traditional ROI: 2.07%
30812 Polk Rd Dowagiac, MI 30812 Polk Rd, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 957 sq.ft.	$850,000	Airbnb cash on cash: -1.66% Traditional cash on cash: -1.38% Airbnb Rental Income: $1162 Traditional Rental Income: $1003 Airbnb ROI: -1.66% Traditional ROI: -1.38%
93402 Lee St Dowagiac, MI 3 homes in Sister Lakes with private deeded access to Big Crooked Lake, no mooring of boat...	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 5.3% Airbnb Rental Income: $1162 Traditional Rental Income: $2621 Airbnb ROI: -0.3% Traditional ROI: 5.3%
33067 School St Dowagiac, MI 33067 School St, Dowagiac, MI 49047 \| Single Family Residential	7 beds \| 4 baths \| 2,280 sq.ft.	$570,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 2.75% Airbnb Rental Income: $3011 Traditional Rental Income: $2902 Airbnb ROI: 1.65% Traditional ROI: 2.75%
63166 Lakeshore Dr Dowagiac, MI 63166 Lakeshore Dr, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 972 sq.ft.	$259,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 1.93% Airbnb Rental Income: $2056 Traditional Rental Income: $1181 Airbnb ROI: 3.34% Traditional ROI: 1.93%
62560 Gilmore Ave Dowagiac, MI 62560 Gilmore Ave, Dowagiac, MI 49047 \| Single Family Residential	5 beds \| 2 baths \| 1,684 sq.ft.	$300,000	Airbnb cash on cash: 5.36% Traditional cash on cash: 4.28% Airbnb Rental Income: $3011 Traditional Rental Income: $2015 Airbnb ROI: 5.36% Traditional ROI: 4.28%
67023 Lakeshore Dr Dowagiac, MI 67023 Lakeshore Dr, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 900 sq.ft.	$449,900	Airbnb cash on cash: 0.87% Traditional cash on cash: -0.03% Airbnb Rental Income: $2056 Traditional Rental Income: $1142 Airbnb ROI: 0.87% Traditional ROI: -0.03%
67003 Lakeshore Dr Dowagiac, MI 67003 Lakeshore Dr, Dowagiac, MI 49047 \| Single Family Residential	4 beds \| 1 baths \| 1,437 sq.ft.	$469,900	Airbnb cash on cash: 2.93% Traditional cash on cash: 0.28% Airbnb Rental Income: $3216 Traditional Rental Income: $1327 Airbnb ROI: 2.93% Traditional ROI: 0.28%
6 Forest Rd Dowagiac, MI 6 Forest Rd, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.09% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: -1.09%
56600 M-51 Dowagiac, MI 56600 M-51, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.42% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: -0.42%
5 Forest Rd Dowagiac, MI 5 Forest Rd, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.82% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: 2.82%
2 Forest Rd Dowagiac, MI 2 Forest Rd, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: 3.49%
3 Forest Rd Dowagiac, MI 3 Forest Rd, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: 3.49%
4 Forest Rd Dowagiac, MI 4 Forest Rd, Dowagiac, MI 49047 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $550 Airbnb ROI: N/A Traditional ROI: 3.49%
303 Orchard St Dowagiac, MI Two-bedroom one bath home with a one car attached garage home is in need of tlc. Would be ...	2 beds \| 1 baths \| 1,000 sq.ft.	$135,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 6.72% Airbnb Rental Income: $1162 Traditional Rental Income: $1235 Airbnb ROI: 3.2% Traditional ROI: 6.72%
106 Lagrange St Dowagiac, MI 106 Lagrange St, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 1,875 sq.ft.	$365,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 1.1% Airbnb Rental Income: $2056 Traditional Rental Income: $1335 Airbnb ROI: 1.66% Traditional ROI: 1.1%
31643 Frost St Dowagiac, MI 31643 Frost St, Dowagiac, MI 49047 \| Single Family Residential	1 beds \| 1 baths \| 1,620 sq.ft.	$449,900	Airbnb cash on cash: -1.66% Traditional cash on cash: 0.91% Airbnb Rental Income: $775 Traditional Rental Income: $1539 Airbnb ROI: -1.66% Traditional ROI: 0.91%
50330 Eastside Dr Dowagiac, MI 50330 Eastside Dr, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 840 sq.ft.	$225,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 1.72% Airbnb Rental Income: $1162 Traditional Rental Income: $1010 Airbnb ROI: 0.64% Traditional ROI: 1.72%

Real Estate investment in Dowagiac, MI

There are 107 properties for sale in the city of Dowagiac . The median list price in Dowagiac is $139,916 and the average price per square foot is $81. In August 2026, the average monthly cash on cash return in Dowagiac is 5.00%. The average monthly rental income in Dowagiac is $1,661.

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

There are 107 investment properties available for sale in Dowagiac.

In 2026, 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 $1,661.

Your search for investment property begins and ends here

Investment Property for Sale in Dowagiac, MI

27853 Burmax Park

Dowagiac, MI

3 beds | 2 baths | 1,892 sq.ft.

$254,900

Airbnb cash on cash: 4.26%

Traditional cash on cash: 7.66%

Airbnb Rental Income: $2056

Traditional Rental Income: $2342

Airbnb ROI: 4.26%

Traditional ROI: 7.66%

108 Hill Street

Dowagiac, MI

3 beds | 3 baths | 2,136 sq.ft.

$190,000

Airbnb cash on cash: 4.99%

Traditional cash on cash: 11.18%

Airbnb Rental Income: $2056

Traditional Rental Income: $2641

Airbnb ROI: 4.99%

Traditional ROI: 11.18%

56200 California Road

Dowagiac, MI

4 beds | 2 baths | 2,516 sq.ft.

$468,000

Airbnb cash on cash: 4.39%

Traditional cash on cash: 2.94%

Airbnb Rental Income: $3216

Traditional Rental Income: $1853

Airbnb ROI: 4.39%

Traditional ROI: 2.94%

106 Hamilton St

Dowagiac, MI

4 beds | 2 baths | 2,848 sq.ft.

$249,900

Airbnb cash on cash: 7.58%

Traditional cash on cash: 7.79%

Airbnb Rental Income: $3216

Traditional Rental Income: $2542

Airbnb ROI: 7.58%

Traditional ROI: 7.79%

50002 M 51 N

Dowagiac, MI

4 beds | 1 baths | 1,908 sq.ft.

$329,900

Airbnb cash on cash: 6.22%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $3216

Traditional Rental Income: $1923

Airbnb ROI: 6.22%

Traditional ROI: 4.39%

307 E Telegraph St

Dowagiac, MI

2 beds | 1 baths | 651 sq.ft.

$116,400

Airbnb cash on cash: 4.57%

Traditional cash on cash: 7.13%

Airbnb Rental Income: $1162

Traditional Rental Income: $1068

Airbnb ROI: 4.57%

Traditional ROI: 7.13%

31401 Middle Crossing Rd

Dowagiac, MI

4 beds | 2 baths | 2,754 sq.ft.

$599,900

Airbnb cash on cash: 2.46%

Traditional cash on cash: 2.91%

Airbnb Rental Income: $3216

Traditional Rental Income: $2748

Airbnb ROI: 2.46%

Traditional ROI: 2.91%

66476 Oak Street

Dowagiac, MI

2 beds | N/A baths | N/A

$99,900

Airbnb cash on cash: 3.62%

Traditional cash on cash: 11.19%

Airbnb Rental Income: $1162

Traditional Rental Income: $1514

Airbnb ROI: 3.62%