Under $500K Investment Properties for Sale in Dowagiac, MI
Motivated Seller
Listed for sale 3 days ago
$ 225,000
ROI
20.5
Cash Flow/m
44- 4 Bed
- 2 Bath
- 2275 sft
206 W Division St, Dowagiac, MI, 49047
$ 465,000
ROI
23.2Cash Flow/m
440- 4 Bed
- 2 Bath
- 2900 sft
55945 Inn D Inn Dr, DOWAGIAC, MI, 49047
Listed for sale 6 days ago
$ 114,000
ROI
24.2Cash Flow/m
142- 2 Bed
- 1 Bath
- 800 sft
208 Dewey St, Dowagiac, MI, 49047
$ 179,900
ROI
24.1Cash Flow/m
220- 2 Bed
- 1 Bath
- 956 sft
116 E Railroad St, Dowagiac, MI, 49047
Why Invest in Dowagiac, Michigan?
Investing in Dowagiac, MI under $500k offers promising returns in a growing market. The area exhibits an average ROI of 7.2% and a rental yield around 8.5%, ideal for investors seeking affordable properties. Cap rates stand at 7.5%, supporting strong cash flow opportunities. Appreciation rates have steadily increased by 3.2%, reflecting positive market trends and renter occupancy of roughly 65%.
7.2%
Avg. ROI
8.5%
Rental Yield
7.5%
Cap Rate
$1800/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Dowagiac offers a range of residential properties under $500k including single-family homes and small multifamily units, ideal for rental investments.
Find Your Perfect Investment Property in Dowagiac, Michigan
Explore investment opportunities by strategy, performance, or property type
