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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% |
Investment property for sale in Wayland at 302 E Main St, Wayland, IA, 52654 offers a 8.67% rental yield on a $225,000 purchase with $1,625/mo rent. Total monthly income registers $1,625/mo, and a $1,101/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,968/yr on $74,588 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 117.39% and total cumulative return in cash at $87,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,625/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.36 Acres 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 |
|---|---|---|
| 2025-04-23 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | $2588.00 | 8.65% | $171,810 | N/A |
| 2023-04-27 | $2382.00 | 2.32% | $171,810 | 28.50% |
| 2022-04-27 | $2328.00 | 8.28% | $133,700 | N/A |
Listed by: Russell Yoder • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502722
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.
