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
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 \| N/A baths \| 2,256 sq.ft.	$250,000	Airbnb cash on cash: 8.58% Traditional cash on cash: 10.48% Airbnb Rental Income: $3250 Traditional Rental Income: $2969 Airbnb ROI: 8.58% 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: 4.52% Traditional cash on cash: 5.31% Airbnb Rental Income: $3036 Traditional Rental Income: $2605 Airbnb ROI: 4.52% Traditional ROI: 5.31%
101 Haines Street Dowagiac, MI Open House, Saturday, December 6, 11 am- 1 pm Cute historic home on a corner lot in a qu...	4 beds \| 2 baths \| 1,677 sq.ft.	$210,000	Airbnb cash on cash: 9.88% Traditional cash on cash: 9.06% Airbnb Rental Income: $3250 Traditional Rental Income: $2355 Airbnb ROI: 9.88% Traditional ROI: 9.06%
68448 Beechwood Drive Dowagiac, MI One of a kind! Stunning Lake Front Home on Beautiful Round Lake in Sister Lakes resort are...	4 beds \| N/A baths \| 4,105 sq.ft.	$2,199,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 0.22% Airbnb Rental Income: $3250 Traditional Rental Income: $3959 Airbnb ROI: -0.49% 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: 1.81% Traditional cash on cash: 2.67% Airbnb Rental Income: $3036 Traditional Rental Income: $2901 Airbnb ROI: 1.81% Traditional ROI: 2.67%
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: 4.6% Traditional cash on cash: 11.19% Airbnb Rental Income: $1276 Traditional Rental Income: $1514 Airbnb ROI: 4.6% Traditional ROI: 11.19%
93459 M 152 Dowagiac, MI Tucked away on 15.5 acres of lush, wooded land, this 2-bedroom, 2-bath brick ranch home of...	2 beds \| 2 baths \| 1,644 sq.ft.	$299,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 5.67% Airbnb Rental Income: $1276 Traditional Rental Income: $2235 Airbnb ROI: 0.85% Traditional ROI: 5.67%
30485 Pokagon Highway Dowagiac, MI OPEN HOUSE! Tuesday, Oct 7, 4:30-6pm. Enjoy peaceful country living in this beautifully up...	4 beds \| 2 baths \| 1,830 sq.ft.	$229,900	Airbnb cash on cash: 9.63% Traditional cash on cash: 10.4% Airbnb Rental Income: $3250 Traditional Rental Income: $2688 Airbnb ROI: 9.63% Traditional ROI: 10.4%
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: 1.1% Traditional cash on cash: 2.22% Airbnb Rental Income: $3036 Traditional Rental Income: $3175 Airbnb ROI: 1.1% 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: 1.8% Traditional cash on cash: 4.36% Airbnb Rental Income: $1276 Traditional Rental Income: $1454 Airbnb ROI: 1.8% Traditional ROI: 4.36%
26794 Dutch Settlement Street Dowagiac, MI Nestled on the tranquil shores of Mill Pond, this beautifully updated 4-bedroom, 2.5-bath ...	4 beds \| 2 baths \| 3,262 sq.ft.	$649,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.52% Airbnb Rental Income: $3250 Traditional Rental Income: $3482 Airbnb ROI: 1.93% Traditional ROI: 3.52%
24984 Marcellus Highway Dowagiac, MI Charming 3 bed, 1 bath home on 5.2 scenic acres in Dowagiac! Enjoy a peaceful setting with...	3 beds \| 1 baths \| 1,176 sq.ft.	$274,900	Airbnb cash on cash: 7.33% Traditional cash on cash: 4.28% Airbnb Rental Income: $3036 Traditional Rental Income: $1551 Airbnb ROI: 7.33% Traditional ROI: 4.28%
56777 M-51 S Dowagiac, MI This spacious 3-bedroom, 2-story brick home offers the perfect blend of comfort, versatili...	4 beds \| N/A baths \| 2,577 sq.ft.	$359,000	Airbnb cash on cash: 5.7% Traditional cash on cash: 7.75% Airbnb Rental Income: $3250 Traditional Rental Income: $3210 Airbnb ROI: 5.7% Traditional ROI: 7.75%
29460 M-62 Dowagiac, MI Charming 3-Bedroom Ranch on 4.65 Acres with Creek Access Discover the potential in this 3-...	4 beds \| 1 baths \| 1,920 sq.ft.	$285,000	Airbnb cash on cash: 7.34% Traditional cash on cash: 5.92% Airbnb Rental Income: $3250 Traditional Rental Income: $2140 Airbnb ROI: 7.34% Traditional ROI: 5.92%
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.	$450,000	Airbnb cash on cash: 4% Traditional cash on cash: 4.51% Airbnb Rental Income: $3250 Traditional Rental Income: $2734 Airbnb ROI: 4% Traditional ROI: 4.51%
100 Dogwood Circle Dowagiac, MI Welcome to this meticulously maintained, 3-bedroom, 3.5-bath home in the City of Dowagiac!...	3 beds \| 4 baths \| 2,899 sq.ft.	$375,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 6.81% Airbnb Rental Income: $3036 Traditional Rental Income: $3162 Airbnb ROI: 4.48% Traditional ROI: 6.81%
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: -0.05% Traditional cash on cash: 0.34% Airbnb Rental Income: $3250 Traditional Rental Income: $3007 Airbnb ROI: -0.05% 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: 8.23% Traditional cash on cash: 8.72% Airbnb Rental Income: $3250 Traditional Rental Income: $2639 Airbnb ROI: 8.23% Traditional ROI: 8.72%
608 W High Street Dowagiac, MI Beautifully updated by Otis Development, this 2-bedroom, 1-bath corner-lot home offers mod...	2 beds \| 1 baths \| 1,137 sq.ft.	$179,900	Airbnb cash on cash: 3.17% Traditional cash on cash: 6.12% Airbnb Rental Income: $1276 Traditional Rental Income: $1380 Airbnb ROI: 3.17% 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: 10% Traditional cash on cash: 6.31% Airbnb Rental Income: $3036 Traditional Rental Income: $1641 Airbnb ROI: 10% 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.	$449,900	Airbnb cash on cash: 4.27% Traditional cash on cash: 6.04% Airbnb Rental Income: $3250 Traditional Rental Income: $3262 Airbnb ROI: 4.27% Traditional ROI: 6.04%
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.	$349,900	Airbnb cash on cash: 5.79% Traditional cash on cash: 8.45% Airbnb Rental Income: $3250 Traditional Rental Income: $3395 Airbnb ROI: 5.79% Traditional ROI: 8.45%
303 Jones Street Dowagiac, MI Welcome home to this beautifully updated 2-bedroom, 1 bathroom ranch offering comfort and ...	2 beds \| 1 baths \| 871 sq.ft.	$155,000	Airbnb cash on cash: 3.63% Traditional cash on cash: 6.51% Airbnb Rental Income: $1276 Traditional Rental Income: $1302 Airbnb ROI: 3.63% Traditional ROI: 6.51%

Real Estate investment in Dowagiac, MI

There are 23 properties for sale in the city of Dowagiac . The median list price in Dowagiac is $244,750 and the average price per square foot is $117. In December 2025, the average monthly cash on cash return in Dowagiac is 7.00%. The average monthly rental income in Dowagiac is $2,355.

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

There are 23 investment properties available for sale in Dowagiac.

In 2025, the best neighborhood to buy investment property is Dowagiac.

The ROI for Long-Term is higher than the Short-Term in Dowagiac with average rental income of $2,355.

Your search for investment property begins and ends here

Investment Property for Sale in Dowagiac, MI

28750 Steve Road

Dowagiac, MI

4 beds | N/A baths | 2,256 sq.ft.

$250,000

Airbnb cash on cash: 8.58%

Traditional cash on cash: 10.48%

Airbnb Rental Income: $3250

Traditional Rental Income: $2969

Airbnb ROI: 8.58%

Traditional ROI: 10.48%

28850 Fairlane Drive

Dowagiac, MI

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

$355,000

Airbnb cash on cash: 4.52%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $3036

Traditional Rental Income: $2605

Airbnb ROI: 4.52%

Traditional ROI: 5.31%

101 Haines Street

Dowagiac, MI

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

$210,000

Airbnb cash on cash: 9.88%

Traditional cash on cash: 9.06%

Airbnb Rental Income: $3250

Traditional Rental Income: $2355

Airbnb ROI: 9.88%

Traditional ROI: 9.06%

68448 Beechwood Drive

Dowagiac, MI

4 beds | N/A baths | 4,105 sq.ft.

$2,199,000

Airbnb cash on cash: -0.49%

Traditional cash on cash: 0.22%

Airbnb Rental Income: $3250

Traditional Rental Income: $3959

Airbnb ROI: -0.49%

Traditional ROI: 0.22%

58560 Indian Lake Road

Dowagiac, MI

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

$699,000

Airbnb cash on cash: 1.81%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $3036

Traditional Rental Income: $2901

Airbnb ROI: 1.81%

Traditional ROI: 2.67%

66476 Oak Street

Dowagiac, MI

2 beds | N/A baths | N/A

$99,900

Airbnb cash on cash: 4.6%

Traditional cash on cash: 11.19%

Airbnb Rental Income: $1276

Traditional Rental Income: $1514

Airbnb ROI: 4.6%

Traditional ROI: 11.19%

93459 M 152

Dowagiac, MI

2 beds | 2 baths | 1,644 sq.ft.

$299,900

Airbnb cash on cash: 0.85%

Traditional cash on cash: 5.67%

Airbnb Rental Income: $1276

Traditional Rental Income: $2235

Airbnb ROI: 0.85%

Traditional ROI: 5.67%

30485 Pokagon Highway

Dowagiac, MI

4 beds | 2 baths | 1,830 sq.ft.

$229,900

Airbnb cash on cash: 9.63%

Traditional cash on cash: 10.4%

Airbnb Rental Income: $3250

Traditional Rental Income: $2688

Airbnb ROI: 9.63%