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.

W Wheatfield Twp Investment Property for Sale in Dowagiac, MI

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

Showing 40 W Wheatfield Twp 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

W Wheatfield Twp 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%