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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 303 W Main St, Wayland, IA, 52654 priced at $179,900 converts $0/mo rent into after a $881/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.61% in year one, and rental yield reads 0% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,534 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 |
|---|---|---|
| 2024-09-03 | Price change | $179,900 |
| 2024-06-03 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2304.00 | 2.31% | $169,180 | 30.46% |
| 2022-10-15 | $2252.00 | 3.02% | $129,680 | N/A |
| 2021-10-15 | $2186.00 | 5.50% | $129,680 | 6.80% |
No similar rental properties found nearby.
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Listed by: Jo Trabert • Benchmark Real Estate
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6317962
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
