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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wayland at 112 W 2nd St, Wayland, IA, 52654 generates $982/mo in rent and, after a $526/mo payment, leaves $284/mo in cash flow. Total monthly income is $982/mo, and annual cash flow is $3,408/yr on $35,636 invested. Return on cash invested sits at 29.47% in year one, and rental yield is 10.96% on a $107,500 entry. Equity gained on principal adds $694/yr, while 5% annual appreciation builds toward $29,700 over five years. Five-year ROI reaches 154.51% and total cumulative return in cash sums $55,063. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $982/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52654, Wayland, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 516 (73.4%) |
| Renter Occupied HU | 151 (21.5%) |
| Vacant Housing Units | 36 ( 5.1%) |
| Median Home Value | $157,589 |
| Average Home Value | $225,053 |
Residential
583
Single Family
539
Multi-Family
44
Businesses
53
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $107,500 |
| 2012-08-08 | Sold | $50,000 |
| 2012-07-06 | Price change | $59,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-17 | $1178.00 | -3.76% | $92,520 | N/A |
| 2023-03-17 | $1224.00 | 2.51% | $92,520 | 21.13% |
| 2022-03-17 | $1194.00 | 2.93% | $76,380 | N/A |
What's Special
Expandable
Listed by: Kathryn Richardson • RE/MAX Affiliates
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202501637
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.
