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.

Amasa Investment Property for Sale in Dowagiac, MI

Search for Amasa Investment Property for Sale in Dowagiac, Michigan. Browse all of Mashvisor’s Amasa Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 40 Amasa Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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.	$210,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 10.05% Airbnb Rental Income: $1169 Traditional Rental Income: $2641 Airbnb ROI: 0.72% Traditional ROI: 10.05%
67404 Victory Shore Drive unit: 6 Dowagiac, MI Sister Lakes cottage with deeded lake access to Big Crooked Lake, beautiful sandy beach, a...	2 beds \| 2 baths \| 528 sq.ft.	$199,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 4.86% Airbnb Rental Income: $748 Traditional Rental Income: $1554 Airbnb ROI: -1.06% Traditional ROI: 4.86%
101 Haines Street Dowagiac, MI Open House February 21, 11am - 1 pm Ask me about our Open House Special* Charming home o...	4 beds \| 2 baths \| 1,677 sq.ft.	$179,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 10.69% Airbnb Rental Income: $1372 Traditional Rental Income: $2355 Airbnb ROI: 2.51% Traditional ROI: 10.69%
307 E Telegraph Street 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: 1.48% Traditional cash on cash: 7.04% Airbnb Rental Income: $748 Traditional Rental Income: $1068 Airbnb ROI: 1.48% Traditional ROI: 7.04%
58560 Indian Lake Road Dowagiac, MI Serene lakefront retreat on secluded Little Smith Lake-just 30 mins from Notre Dame and 2 ...	3 beds \| 2 baths \| 2,721 sq.ft.	$649,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 2.95% Airbnb Rental Income: $1169 Traditional Rental Income: $2901 Airbnb ROI: -0.55% Traditional ROI: 2.95%
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: 2.91% Traditional cash on cash: 7.56% Airbnb Rental Income: $1372 Traditional Rental Income: $1858 Airbnb ROI: 2.91% 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: 0.07% Traditional cash on cash: 11.19% Airbnb Rental Income: $748 Traditional Rental Income: $1514 Airbnb ROI: 0.07% Traditional ROI: 11.19%
604 Orchard Street Dowagiac, MI Welcome to 604 Orchard Street! Renovated in 2025, this home features a new roof, vinyl sid...	5 beds \| 2 baths \| 2,334 sq.ft.	$259,900	Airbnb cash on cash: 3% Traditional cash on cash: 8.94% Airbnb Rental Income: $1705 Traditional Rental Income: $2690 Airbnb ROI: 3% Traditional ROI: 8.94%
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: -0.14% Traditional cash on cash: 4.36% Airbnb Rental Income: $748 Traditional Rental Income: $1454 Airbnb ROI: -0.14% 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: 1.1% Traditional cash on cash: 6.43% Airbnb Rental Income: $1169 Traditional Rental Income: $2042 Airbnb ROI: 1.1% Traditional ROI: 6.43%
423 E Division Street Dowagiac, MI Spacious 3-Unit Investment Property with garage & Large Yard. The property features three ...	4 beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: 2.32% Traditional cash on cash: 5.91% Airbnb Rental Income: $1372 Traditional Rental Income: $1636 Airbnb ROI: 2.32% Traditional ROI: 5.91%
53075 Maple Street 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: 2.28% Traditional cash on cash: 6.7% Airbnb Rental Income: $1169 Traditional Rental Income: $1512 Airbnb ROI: 2.28% Traditional ROI: 6.7%
55945 Inn D Inn Drive 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.	$430,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.77% Airbnb Rental Income: $1372 Traditional Rental Income: $2734 Airbnb ROI: 0.35% Traditional ROI: 4.77%
31273 County Line Road Dowagiac, MI Early spring price improvement. Magician Lakefront home with a rare 110 lakefront feet and...	4 beds \| 2 baths \| 2,266 sq.ft.	$1,299,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 0.39% Airbnb Rental Income: $1372 Traditional Rental Income: $3007 Airbnb ROI: -1.31% Traditional ROI: 0.39%
26640 Dutch Settlement Street 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.	$409,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 6.71% Airbnb Rental Income: $1372 Traditional Rental Income: $3262 Airbnb ROI: 0.71% Traditional ROI: 6.71%
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: 0.21% Traditional cash on cash: 5.61% Airbnb Rental Income: $1169 Traditional Rental Income: $2809 Airbnb ROI: 0.21% 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.	$227,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 9.38% Airbnb Rental Income: $1169 Traditional Rental Income: $2443 Airbnb ROI: 1.69% Traditional ROI: 9.38%
105 Lester Avenue Dowagiac, MI Welcome to this brand-new 2025 two-story home located in the City of Dowagiac. The exterio...	3 beds \| 2 baths \| 1,304 sq.ft.	$289,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 6.48% Airbnb Rental Income: $1169 Traditional Rental Income: $2142 Airbnb ROI: 1.49% Traditional ROI: 6.48%
102 N Mill Street Dowagiac, MI Step into this brand-new 2025 two-story home in the City of Dowagiac. The main floor showc...	3 beds \| 2 baths \| 1,304 sq.ft.	$289,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 6.37% Airbnb Rental Income: $1169 Traditional Rental Income: $2113 Airbnb ROI: 1.49% Traditional ROI: 6.37%
57153 M-51 S Dowagiac, MI Set on 6.9 wooded acres, this recently updated walkout ranch offers privacy, flexibility, ...	5 beds \| 2 baths \| 2,300 sq.ft.	$295,000	Airbnb cash on cash: 1.52% Traditional cash on cash: N/A Airbnb Rental Income: $1705 Traditional Rental Income: $0 Airbnb ROI: 1.52% Traditional ROI: N/A
412 Oak Street Dowagiac, MI Welcome to 412 Oak Street, a beautifully fully remodeled home in the heart of charming Dow...	5 beds \| 2 baths \| 1,626 sq.ft.	$199,999	Airbnb cash on cash: 4.09% Traditional cash on cash: N/A Airbnb Rental Income: $1705 Traditional Rental Income: $0 Airbnb ROI: 4.09% Traditional ROI: N/A
20990 Crane Street Dowagiac, MI Craving privacy, nature, and a fresh air? This beautifully updated 3 bed 2 bath home sits ...	3 beds \| 2 baths \| 1,000 sq.ft.	$250,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 3.5% Airbnb Rental Income: $1169 Traditional Rental Income: $1396 Airbnb ROI: 0.92% Traditional ROI: 3.5%
50389 E Lake Shore Drive Dowagiac, MI Magician Lake access home through Rainbow Park on the sandbar and sunset side of the lake....	2 beds \| 1 baths \| 580 sq.ft.	$285,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 3.06% Airbnb Rental Income: $748 Traditional Rental Income: $1344 Airbnb ROI: -0.33% Traditional ROI: 3.06%
60123 Dailey Road Dowagiac, MI Enjoy country living with this 3-bedroom, 2-bath manufactured home located in the Cassopol...	3 beds \| 2 baths \| 1,334 sq.ft.	$170,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 6.17% Airbnb Rental Income: $1169 Traditional Rental Income: $1396 Airbnb ROI: 2.4% Traditional ROI: 6.17%
29460 M 62 W Dowagiac, MI Nestled on 4.65 scenic acres, this charming 2-bedroom, 1-bath home offers the perfect blen...	2 beds \| 1 baths \| 912 sq.ft.	$250,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.5% Airbnb Rental Income: $748 Traditional Rental Income: $1344 Airbnb ROI: -0.35% Traditional ROI: 3.5%
50507 Pleasant Street Dowagiac, MI OPEN HOUSE! SATURDAY, MARCH 28, 9AM - 11AM. Enjoy Sister Lakes in Rainbow Park Subdivision...	3 beds \| 2 baths \| 1,977 sq.ft.	$329,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 6.93% Airbnb Rental Income: $1169 Traditional Rental Income: $2799 Airbnb ROI: 0.43% Traditional ROI: 6.93%
32745 Haley Road Dowagiac, MI Great location in Sister Cable Shores Subdivision with use of multiple private lake access...	3 beds \| 2 baths \| 1,420 sq.ft.	$399,500	Airbnb cash on cash: -0.09% Traditional cash on cash: 1.54% Airbnb Rental Income: $1169 Traditional Rental Income: $1396 Airbnb ROI: -0.09% Traditional ROI: 1.54%

Your search for investment property begins and ends here

Amasa Investment Property for Sale in Dowagiac, MI

108 Hill Street

Dowagiac, MI

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

$210,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 10.05%

Airbnb Rental Income: $1169

Traditional Rental Income: $2641

Airbnb ROI: 0.72%

Traditional ROI: 10.05%

67404 Victory Shore Drive unit: 6

Dowagiac, MI

2 beds | 2 baths | 528 sq.ft.

$199,000

Airbnb cash on cash: -1.06%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $748

Traditional Rental Income: $1554

Airbnb ROI: -1.06%

Traditional ROI: 4.86%

101 Haines Street

Dowagiac, MI

4 beds | 2 baths | 1,677 sq.ft.

$179,900

Airbnb cash on cash: 2.51%

Traditional cash on cash: 10.69%

Airbnb Rental Income: $1372

Traditional Rental Income: $2355

Airbnb ROI: 2.51%

Traditional ROI: 10.69%

307 E Telegraph Street

Dowagiac, MI

2 beds | 1 baths | 887 sq.ft.

$117,900

Airbnb cash on cash: 1.48%

Traditional cash on cash: 7.04%

Airbnb Rental Income: $748

Traditional Rental Income: $1068

Airbnb ROI: 1.48%

Traditional ROI: 7.04%

58560 Indian Lake Road

Dowagiac, MI

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

$649,000

Airbnb cash on cash: -0.55%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $1169

Traditional Rental Income: $2901

Airbnb ROI: -0.55%

Traditional ROI: 2.95%

208 E Prairie Ronde Street

Dowagiac, MI

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

$205,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 7.56%

Airbnb Rental Income: $1372

Traditional Rental Income: $1858

Airbnb ROI: 2.91%

Traditional ROI: 7.56%

66476 Oak Street

Dowagiac, MI

2 beds | N/A baths | N/A

$99,900

Airbnb cash on cash: 0.07%

Traditional cash on cash: 11.19%

Airbnb Rental Income: $748

Traditional Rental Income: $1514

Airbnb ROI: 0.07%

Traditional ROI: 11.19%

604 Orchard Street

Dowagiac, MI

5 beds | 2 baths | 2,334 sq.ft.

$259,900

Airbnb cash on cash: 3%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $1705

Traditional Rental Income: $2690

Airbnb ROI: 3%