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
703 Main Street Dowagiac, MI Adorable bungalow in the heart of downtown Dowagiac! This charming home is perfectly situa...	3 beds \| 2 baths \| 1,400 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.67% Airbnb Rental Income: $null Traditional Rental Income: $1888 Airbnb ROI: N/A Traditional ROI: 10.67%
28750 Steve Rd Dowagiac, MI Lovely Residence in a great community! This 4 bedroom 2 and a half bath is a families drea...	4 beds \| 2 baths \| 2,256 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.48% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A Traditional ROI: 10.48%
28850 Fairlane Drive Dowagiac, MI Beautiful home on half acre lot. The main floor of this home features hardwood flooring, v...	3 beds \| 2 baths \| 2,851 sq.ft.	$355,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.31% Airbnb Rental Income: $null Traditional Rental Income: $2605 Airbnb ROI: N/A Traditional ROI: 5.31%
101 Haines St Dowagiac, MI Charming home on a corner lot in a quiet, walkable neighborhood just minutes from downtown...	4 beds \| 1 baths \| 1,677 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.09% Airbnb Rental Income: $null Traditional Rental Income: $2355 Airbnb ROI: N/A Traditional ROI: 10.09%
517 Colby Street Dowagiac, MI This is the deal you have been waiting for! This is a great ranch style home at a great pr...	3 beds \| 1 baths \| 1,152 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.67% Airbnb Rental Income: $null Traditional Rental Income: $1559 Airbnb ROI: N/A Traditional ROI: 6.67%
307 E Telegraph St Dowagiac, MI Charming and modern, this 2-bedroom, 1-bathroom bungalow in downtown Dowagiac is the perfe...	2 beds \| 1 baths \| 887 sq.ft.	$117,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.04% Airbnb Rental Income: $null Traditional Rental Income: $1068 Airbnb ROI: N/A Traditional ROI: 7.04%
208 E Prairie Ronde Street Dowagiac, MI Step inside this inviting 4-bedroom, 2-bath home where comfort meets functionality. The sp...	4 beds \| 2 baths \| 1,653 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.56% Airbnb Rental Income: $null Traditional Rental Income: $1858 Airbnb ROI: N/A Traditional ROI: 7.56%
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: N/A Traditional cash on cash: 11.19% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 11.19%
402 Michigan Avenue Dowagiac, MI Step inside this completely redone two-story home where modern comfort meets timeless char...	4 beds \| 2 baths \| 1,482 sq.ft.	$178,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.41% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 10.41%
30170 Beeson St Dowagiac, MI Subject to land division! Escape to your own private retreat on+/- 10 peaceful acres fille...	3 beds \| 3 baths \| 4,114 sq.ft.	$795,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $3175 Airbnb ROI: N/A Traditional ROI: 2.22%
32314 Hilltop Dowagiac, MI Beautiful property location with private Cable lake access and stunning views . fishing pi...	2 beds \| 1 baths \| 890 sq.ft.	$239,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $1454 Airbnb ROI: N/A Traditional ROI: 4.36%
55772 Indian Lake Road Dowagiac, MI Great location with this leased land cottage located a block away from the ILYC (yacht clu...	3 beds \| 2 baths \| 1,090 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $2042 Airbnb ROI: N/A Traditional ROI: 6.43%
423 E Division St Dowagiac, MI Spacious 3-Unit Investment Property with garage & Large Yard. The property features three ...	4 beds \| 3 baths \| 2,720 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $1636 Airbnb ROI: N/A Traditional ROI: 5.91%
53075 Maple St Dowagiac, MI Wonderful location for this 3 bedroom, 1 bath Ranch Home. Lovely Little Twin Lake Area. Wa...	3 beds \| 1 baths \| 990 sq.ft.	$172,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $1512 Airbnb ROI: N/A Traditional ROI: 6.7%
29460 M-62 Dowagiac, MI Discover the potential in this 3-bedroom, 1-bath ranch nestled on 4.65 acres and backing u...	4 beds \| 1 baths \| 1,920 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.05% Airbnb Rental Income: $null Traditional Rental Income: $2140 Airbnb ROI: N/A Traditional ROI: 6.05%
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.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $2734 Airbnb ROI: N/A Traditional ROI: 4.64%
31273 County Line Rd Dowagiac, MI Magician Lakefront home with a rare 110 lakefront feet and almost an acre of land. This pr...	4 beds \| 2 baths \| 2,266 sq.ft.	$1,349,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.34% Airbnb Rental Income: $null Traditional Rental Income: $3007 Airbnb ROI: N/A Traditional ROI: 0.34%
27832 Corwin St Dowagiac, MI Nestled on nearly an acre of land, this spacious 4-bed/2-bath ranch home offers plenty of ...	4 beds \| 2 baths \| 2,712 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 8.72%
92430 Center St Dowagiac, MI Welcome to 92430 Center Street, a delightful 3-bedroom, 1-bath ranch nestled on a corner l...	3 beds \| 1 baths \| 1,480 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1641 Airbnb ROI: N/A Traditional ROI: 6.31%
26640 Dutch Settlement St Dowagiac, MI Timeless brick ranch with Mill Pond access. This well-maintained 4-bed, 3-bath home offers...	4 beds \| 3 baths \| 2,560 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.36% Airbnb Rental Income: $null Traditional Rental Income: $3262 Airbnb ROI: N/A Traditional ROI: 6.36%
60909 Woodland Dr Dowagiac, MI Very well-maintained home conveniently located next to Hampshire Golf Course! This spaciou...	4 beds \| 3 baths \| 2,880 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.02% Airbnb Rental Income: $null Traditional Rental Income: $3395 Airbnb ROI: N/A Traditional ROI: 9.02%
405 S Lowe Street Dowagiac, MI Live on nearly 2 acres of open, usable land in the City of Dowagiac, ideal for hobby farmi...	3 beds \| 1 baths \| 1,202 sq.ft.	$198,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.1% Airbnb Rental Income: $null Traditional Rental Income: $1580 Airbnb ROI: N/A Traditional ROI: 6.1%
67217 Oak Court Dowagiac, MI Great location with this 3-lot property located on the circle hill area of Woodland Point,...	3 beds \| 2 baths \| 2,016 sq.ft.	$399,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $2809 Airbnb ROI: N/A Traditional ROI: 5.61%
29131 W M 62 W Dowagiac, MI Move right in and enjoy this beautifully updated 3 bedroom, 2 bath home offering comfort a...	3 beds \| 2 baths \| 1,560 sq.ft.	$232,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $2443 Airbnb ROI: N/A Traditional ROI: 9.16%
23515 Morton Street Dowagiac, MI Welcome to 23515 Morton St, a beautifully refreshed home situated on a quiet one-acre coun...	3 beds \| 2 baths \| 1,352 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.01% Airbnb Rental Income: $null Traditional Rental Income: $2092 Airbnb ROI: N/A Traditional ROI: 9.01%
33248 M 62 W Dowagiac, MI Set on over 1.5 acres, this well-maintained 3-bedroom, 1-bath property offers space, versa...	3 beds \| 1 baths \| 1,676 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.05% Airbnb Rental Income: $null Traditional Rental Income: $1754 Airbnb ROI: N/A Traditional ROI: 5.05%
105 Lester Ave Dowagiac, MI Welcome to this brand-new 2025 two-story home located in the City of Dowagiac. The exterio...	3 beds \| 1 baths \| 1,304 sq.ft.	$298,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $2142 Airbnb ROI: N/A Traditional ROI: 6.24%
102 N Mill St Dowagiac, MI Step into this brand-new 2025 two-story home in the City of Dowagiac. The main floor showc...	3 beds \| 1 baths \| 1,304 sq.ft.	$293,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.14% Airbnb Rental Income: $null Traditional Rental Income: $2113 Airbnb ROI: N/A Traditional ROI: 6.14%
50362 Eastside Dr Dowagiac, MI Welcome to this inviting 3 bed, 2 bath home with access to beautiful Cable Lake. Residents...	3 beds \| 2 baths \| 1,576 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $2367 Airbnb ROI: N/A Traditional ROI: 5.78%

Real Estate investment in Dowagiac, MI

There are 59 properties for sale in the city of Dowagiac . The median list price in Dowagiac is $236,200 and the average price per square foot is $134. In February 2026, the average monthly cash on cash return in Dowagiac is 6.00%. The average monthly rental income in Dowagiac is $2,140.

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

There are 59 investment properties available for sale in Dowagiac.

In 2026, 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

703 Main Street

Dowagiac, MI

3 beds | 2 baths | 1,400 sq.ft.

$145,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1888

Airbnb ROI: N/A

Traditional ROI: 10.67%

28750 Steve Rd

Dowagiac, MI

4 beds | 2 baths | 2,256 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.48%

Airbnb Rental Income: $null

Traditional Rental Income: $2969

Airbnb ROI: N/A

Traditional ROI: 10.48%

28850 Fairlane Drive

Dowagiac, MI

3 beds | 2 baths | 2,851 sq.ft.

$355,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2605

Airbnb ROI: N/A

Traditional ROI: 5.31%

101 Haines St

Dowagiac, MI

4 beds | 1 baths | 1,677 sq.ft.

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2355

Airbnb ROI: N/A

Traditional ROI: 10.09%

517 Colby Street

Dowagiac, MI

3 beds | 1 baths | 1,152 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1559

Airbnb ROI: N/A

Traditional ROI: 6.67%

307 E Telegraph St

Dowagiac, MI

2 beds | 1 baths | 887 sq.ft.

$117,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.04%

Airbnb Rental Income: $null

Traditional Rental Income: $1068

Airbnb ROI: N/A

Traditional ROI: 7.04%

208 E Prairie Ronde Street

Dowagiac, MI

4 beds | 2 baths | 1,653 sq.ft.

$205,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1858

Airbnb ROI: N/A

Traditional ROI: 7.56%

66476 Oak Street

Dowagiac, MI

2 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