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.

Single Family Homes for Sale in Dowagiac, MI

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

Showing 48 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

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 Road 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 Street Dowagiac, MI *New Price for this Charming home on a corner lot in a quiet, walkable neighborhood just m...	4 beds \| 2 baths \| 1,677 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.55% Airbnb Rental Income: $null Traditional Rental Income: $2355 Airbnb ROI: N/A Traditional ROI: 9.55%
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%
68448 Beechwood Drive Dowagiac, MI One of a kind! Stunning Lake Front Home on Beautiful Round Lake in Sister Lakes resort are...	4 beds \| 4 baths \| 4,105 sq.ft.	$2,199,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.22% Airbnb Rental Income: $null Traditional Rental Income: $3959 Airbnb ROI: N/A Traditional ROI: 0.22%
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.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.67% Airbnb Rental Income: $null Traditional Rental Income: $2901 Airbnb ROI: N/A Traditional ROI: 2.67%
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%
31161 County Line Rd Dowagiac, MI Majestic, custom designed sought after all sports Magician lakefront home with a sandy bot...	5 beds \| 3 baths \| 4,887 sq.ft.	$1,600,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.71% Airbnb Rental Income: $null Traditional Rental Income: $4337 Airbnb ROI: N/A Traditional ROI: 0.71%
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%
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.	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.17% Airbnb Rental Income: $null Traditional Rental Income: $3070 Airbnb ROI: N/A Traditional ROI: 6.17%
30170 Beeson Street 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%
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: 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 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.	$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 Road 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 Street 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%
608 W High Street Dowagiac, MI Updated by Otis Development, this corner-lot home is just minutes from downtown Dowagiac a...	2 beds \| 1 baths \| 1,137 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.12% Airbnb Rental Income: $null Traditional Rental Income: $1380 Airbnb ROI: N/A Traditional ROI: 6.12%
92430 Center Street 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.	$199,900	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 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.	$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 Drive Dowagiac, MI Very well-maintained home conveniently located next to Hampshire Golf Course! This spaciou...	4 beds \| 4 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 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.	$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 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.	$298,500	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 Drive 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%
28902 Yaw St Dowagiac, MI 28902 Yaw St, Dowagiac, MI 49047 \| Single Family Residential	4 beds \| 1 baths \| 1,919 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.59% Airbnb Rental Income: $null Traditional Rental Income: $1677 Airbnb ROI: N/A Traditional ROI: 2.59%
30812 Polk Rd Dowagiac, MI 30812 Polk Rd, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 957 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: -1.04% Airbnb Rental Income: $null Traditional Rental Income: $1344 Airbnb ROI: N/A Traditional ROI: -1.04%
52376 Joy Dr Dowagiac, MI 52376 Joy Dr, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 2 baths \| 912 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $1399 Airbnb ROI: N/A Traditional ROI: 2.12%
67050 95th Ave Dowagiac, MI 67050 95th Ave, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 1,200 sq.ft.	$1,175,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.34% Airbnb Rental Income: $null Traditional Rental Income: $1396 Airbnb ROI: N/A Traditional ROI: -1.34%
527 Main St Dowagiac, MI 527 Main St, Dowagiac, MI 49047 \| Single Family Residential	4 beds \| 2 baths \| 1,409 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 7.15%
115 Dogwood Cir Dowagiac, MI 115 Dogwood Cir, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 2 baths \| 1,204 sq.ft.	$234,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.35% Airbnb Rental Income: $null Traditional Rental Income: $1396 Airbnb ROI: N/A Traditional ROI: 3.35%
24998 Lake Shore Dr Dowagiac, MI 24998 Lake Shore Dr, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 1,103 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $1272 Airbnb ROI: N/A Traditional ROI: 0.96%
50177 Third St Dowagiac, MI 50177 Third St, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 1,578 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.51% Airbnb Rental Income: $null Traditional Rental Income: $1140 Airbnb ROI: N/A Traditional ROI: 3.51%
33067 School St Dowagiac, MI 33067 School St, Dowagiac, MI 49047 \| Single Family Residential	7 beds \| 4 baths \| 2,280 sq.ft.	$639,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $2902 Airbnb ROI: N/A Traditional ROI: 2.18%

Your search for investment property begins and ends here

Single Family Homes 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 Road

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 Street

Dowagiac, MI

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

$199,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.55%

Airbnb Rental Income: $null

Traditional Rental Income: $2355

Airbnb ROI: N/A

Traditional ROI: 9.55%

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%

68448 Beechwood Drive

Dowagiac, MI

4 beds | 4 baths | 4,105 sq.ft.

$2,199,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.22%

Airbnb Rental Income: $null

Traditional Rental Income: $3959

Airbnb ROI: N/A

Traditional ROI: 0.22%

58560 Indian Lake Road

Dowagiac, MI

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

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2901

Airbnb ROI: N/A

Traditional ROI: 2.67%

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