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.

Condos for Sale in Dowagiac, MI

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

Showing 1 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
67404 Victory Shore Drive #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%
Other Investment Properties for Sale in Dowagiac
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%
68448 Beechwood Dr 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: -1.19% Traditional cash on cash: 0.22% Airbnb Rental Income: $1536 Traditional Rental Income: $3959 Airbnb ROI: -1.19% Traditional ROI: 0.22%
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%
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%
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: 6.89% Traditional cash on cash: 8.94% Airbnb Rental Income: $2850 Traditional Rental Income: $2690 Airbnb ROI: 6.89% Traditional ROI: 8.94%
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.	$415,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 6.24% Airbnb Rental Income: $1536 Traditional Rental Income: $3070 Airbnb ROI: 1.15% Traditional ROI: 6.24%
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%
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: 3.04% Traditional cash on cash: 5.91% Airbnb Rental Income: $1536 Traditional Rental Income: $1636 Airbnb ROI: 3.04% Traditional ROI: 5.91%
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%

Your search for investment property begins and ends here

Condos for Sale in Dowagiac, MI

67404 Victory Shore Drive #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%

Other Investment Properties for Sale in Dowagiac

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%

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%

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%

Dowagiac , MI

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

$2,199,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 0.22%

Airbnb Rental Income: $1536

Traditional Rental Income: $3959

Airbnb ROI: -1.19%

Traditional ROI: 0.22%

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%

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%

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%

Dowagiac , MI

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

$259,900

Airbnb cash on cash: 6.89%

Traditional cash on cash: 8.94%