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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 306 E Main St, Wayland, IA, 52654 with 5% annual appreciation on a $130,000 basis while $1,270/mo rent supports operations. Total monthly income totals $1,270/mo and a $636/mo payment preserves $426/mo for cash returns. Annual cash flow comes to $5,112/yr on $43,095 deployed, and return on cash invested reaches 31.77% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 11.72%. Five-year ROI measures 166.8% and total cumulative return in cash totals $71,883.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,270/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
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 |
|---|---|---|
| 2025-04-18 | Listed for sale | $130,000 |
| 2021-03-24 | Listing removed | N/A |
| 2020-10-16 | Sold | $98,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $1692.00 | 11.90% | $115,940 | N/A |
| 2023-04-22 | $1512.00 | 2.44% | $115,940 | 31.57% |
| 2022-04-22 | $1476.00 | 20.20% | $88,120 | N/A |
Listed by: Russell Yoder • Lepic-Kroeger, REALTORS
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502644
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.
