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 42 Single Family Residential 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.	$200,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 10.58% Airbnb Rental Income: $1577 Traditional Rental Income: $2641 Airbnb ROI: 2.6% Traditional ROI: 10.58%
53815 Glenwood Road Dowagiac, MI Welcome to this stunning new construction barndominium built in 2025 and perfectly situate...	2 beds \| 1 baths \| 1,248 sq.ft.	$639,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.84% Airbnb Rental Income: $748 Traditional Rental Income: $1977 Airbnb ROI: -0.75% Traditional ROI: 1.84%
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: 3.31% Traditional cash on cash: 10.69% Airbnb Rental Income: $1536 Traditional Rental Income: $2355 Airbnb ROI: 3.31% 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.	$116,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 7.11% Airbnb Rental Income: $748 Traditional Rental Income: $1068 Airbnb ROI: 1.5% Traditional ROI: 7.11%
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: 0.02% Traditional cash on cash: 2.95% Airbnb Rental Income: $1577 Traditional Rental Income: $2901 Airbnb ROI: 0.02% 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: 3.61% Traditional cash on cash: 7.56% Airbnb Rental Income: $1536 Traditional Rental Income: $1858 Airbnb ROI: 3.61% Traditional ROI: 7.56%
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: 6.89% Traditional cash on cash: 8.94% Airbnb Rental Income: $2850 Traditional Rental Income: $2690 Airbnb ROI: 6.89% 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: 2.54% Traditional cash on cash: 6.43% Airbnb Rental Income: $1577 Traditional Rental Income: $2042 Airbnb ROI: 2.54% Traditional ROI: 6.43%
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: 0.69% Traditional cash on cash: 4.77% Airbnb Rental Income: $1536 Traditional Rental Income: $2734 Airbnb ROI: 0.69% 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: -1.2% Traditional cash on cash: 0.39% Airbnb Rental Income: $1536 Traditional Rental Income: $3007 Airbnb ROI: -1.2% Traditional ROI: 0.39%
608 W High Street Dowagiac, MI Looking for a move-in-ready home with major updates already done? This beautifully refresh...	2 beds \| 1 baths \| 1,105 sq.ft.	$179,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.12% Airbnb Rental Income: $748 Traditional Rental Income: $1380 Airbnb ROI: 0.6% Traditional ROI: 6.12%
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: 1.06% Traditional cash on cash: 6.71% Airbnb Rental Income: $1536 Traditional Rental Income: $3262 Airbnb ROI: 1.06% 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: 1.12% Traditional cash on cash: 5.61% Airbnb Rental Income: $1577 Traditional Rental Income: $2809 Airbnb ROI: 1.12% Traditional ROI: 5.61%
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.	$279,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.72% Airbnb Rental Income: $1577 Traditional Rental Income: $2142 Airbnb ROI: 2.86% Traditional ROI: 6.72%
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.	$279,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.6% Airbnb Rental Income: $1577 Traditional Rental Income: $2113 Airbnb ROI: 2.86% Traditional ROI: 6.6%
62560 Gilmore Ave Dowagiac, MI 62560 Gilmore Ave, Dowagiac, MI 49047 \| Single Family Residential	5 beds \| 2 baths \| 1,684 sq.ft.	$392,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 2.7% Airbnb Rental Income: $2850 Traditional Rental Income: $2015 Airbnb ROI: 3.17% Traditional ROI: 2.7%
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: 0.49% Traditional cash on cash: 1.1% Airbnb Rental Income: $1577 Traditional Rental Income: $1335 Airbnb ROI: 0.49% Traditional ROI: 1.1%
50035 Forest Rd Dowagiac, MI 50035 Forest Rd, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 1,008 sq.ft.	$279,900	Airbnb cash on cash: -1.28% Traditional cash on cash: 2.51% Airbnb Rental Income: $748 Traditional Rental Income: $1435 Airbnb ROI: -1.28% Traditional ROI: 2.51%
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: 9.12% Traditional cash on cash: 9.8% Airbnb Rental Income: $2850 Traditional Rental Income: $2316 Airbnb ROI: 9.12% Traditional ROI: 9.8%
31643 Frost St Dowagiac, MI 31643 Frost St, Dowagiac, MI 49047 \| Single Family Residential	1 beds \| 1 baths \| 1,620 sq.ft.	$899,900	Airbnb cash on cash: -2% Traditional cash on cash: -0.81% Airbnb Rental Income: $867 Traditional Rental Income: $1539 Airbnb ROI: -2% Traditional ROI: -0.81%
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.	$240,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.92% Airbnb Rental Income: $1577 Traditional Rental Income: $1676 Airbnb ROI: 2.49% Traditional ROI: 4.92%
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.	$275,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 2.85% Airbnb Rental Income: $748 Traditional Rental Income: $1252 Airbnb ROI: -0.3% Traditional ROI: 2.85%
50330 Eastside Dr Dowagiac, MI 50330 Eastside Dr, Dowagiac, MI 49047 \| Single Family Residential	2 beds \| 1 baths \| 840 sq.ft.	$265,000	Airbnb cash on cash: -1.82% Traditional cash on cash: 0.48% Airbnb Rental Income: $748 Traditional Rental Income: $1010 Airbnb ROI: -1.82% Traditional ROI: 0.48%
29460 M 62 W Dowagiac, MI MOTIVATED SELLER!!! Nestled on 4.65 scenic acres, this charming 2-bedroom, 1-bath home off...	2 beds \| 1 baths \| 912 sq.ft.	$235,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 4.53% Airbnb Rental Income: $748 Traditional Rental Income: $1509 Airbnb ROI: -0.31% Traditional ROI: 4.53%
403 Walnut St Dowagiac, MI 403 Walnut St, Dowagiac, MI 49047 \| Single Family Residential	1 beds \| 1 baths \| 1,138 sq.ft.	$99,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 6.47% Airbnb Rental Income: $867 Traditional Rental Income: $956 Airbnb ROI: 2.08% Traditional ROI: 6.47%
55835 Davis Ln Dowagiac, MI 55835 Davis Ln, Dowagiac, MI 49047 \| Single Family Residential	6 beds \| 3 baths \| 1,790 sq.ft.	$525,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 2.39% Airbnb Rental Income: $2850 Traditional Rental Income: $2505 Airbnb ROI: 1.74% Traditional ROI: 2.39%
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: 0.82% Traditional cash on cash: 3.5% Airbnb Rental Income: $1577 Traditional Rental Income: $2131 Airbnb ROI: 0.82% Traditional ROI: 3.5%
29216 Saddlebred Lane Dowagiac, MI Set on a generous half-acre in quiet neighborhood just minutes from Casino, this beautiful...	3 beds \| 2 baths \| 1,404 sq.ft.	$369,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.78% Airbnb Rental Income: $1577 Traditional Rental Income: $2180 Airbnb ROI: 1.74% Traditional ROI: 4.78%
24962 Dewey Lake Street Dowagiac, MI 1.11-acre lot - Ranch layout 3-bedroom, 1-bath ranch offering 960 sq ft above grade with a...	3 beds \| 1 baths \| 960 sq.ft.	$150,000	Airbnb cash on cash: 5.57% Traditional cash on cash: 7.48% Airbnb Rental Income: $1577 Traditional Rental Income: $1399 Airbnb ROI: 5.57% Traditional ROI: 7.48%
54879 Indian Lake Dowagiac, MI Looking for view & access of Indian Lake just footsteps to water's edge? This fantastic fi...	3 beds \| 3 baths \| 1,850 sq.ft.	$399,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.02% Airbnb Rental Income: $1577 Traditional Rental Income: $2967 Airbnb ROI: 1.11% Traditional ROI: 6.02%
55796 92nd Ave Dowagiac, MI 55796 92nd Ave, Dowagiac, MI 49047 \| Single Family Residential	3 beds \| 1 baths \| 1,192 sq.ft.	$400,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 0.8% Airbnb Rental Income: $1577 Traditional Rental Income: $1338 Airbnb ROI: 0.23% Traditional ROI: 0.8%

Your search for investment property begins and ends here

Single Family Homes for Sale in Dowagiac, MI

108 Hill Street

Dowagiac, MI

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

$200,000

Airbnb cash on cash: 2.6%

Traditional cash on cash: 10.58%

Airbnb Rental Income: $1577

Traditional Rental Income: $2641

Airbnb ROI: 2.6%

Traditional ROI: 10.58%

53815 Glenwood Road

Dowagiac, MI

2 beds | 1 baths | 1,248 sq.ft.

$639,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 1.84%

Airbnb Rental Income: $748

Traditional Rental Income: $1977

Airbnb ROI: -0.75%

Traditional ROI: 1.84%

101 Haines Street

Dowagiac, MI

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

$179,900

Airbnb cash on cash: 3.31%

Traditional cash on cash: 10.69%

Airbnb Rental Income: $1536

Traditional Rental Income: $2355

Airbnb ROI: 3.31%

Traditional ROI: 10.69%

307 E Telegraph Street

Dowagiac, MI

2 beds | 1 baths | 887 sq.ft.

$116,900

Airbnb cash on cash: 1.5%

Traditional cash on cash: 7.11%

Airbnb Rental Income: $748

Traditional Rental Income: $1068

Airbnb ROI: 1.5%

Traditional ROI: 7.11%

58560 Indian Lake Road

Dowagiac, MI

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

$649,000

Airbnb cash on cash: 0.02%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $1577

Traditional Rental Income: $2901

Airbnb ROI: 0.02%

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: 3.61%

Traditional cash on cash: 7.56%

Airbnb Rental Income: $1536

Traditional Rental Income: $1858

Airbnb ROI: 3.61%

Traditional ROI: 7.56%

604 Orchard Street

Dowagiac, MI

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

$259,900

Airbnb cash on cash: 6.89%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $2850

Traditional Rental Income: $2690

Airbnb ROI: 6.89%

Traditional ROI: 8.94%

32314 Hilltop

Dowagiac, MI

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%