403 W 4th St, Wayland, IA, 52654 | 6.83% Rental Yield

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403 W 4th St, Wayland, IA, 52654 | 6.83% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $1,678/mo, and a $1,444/mo payment. Purchase price stands at $295,000, and rental yield measures 6.83% with $1,678/mo rent. Return on cash invested shows 16.99% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 87.58% and total cumulative return in cash records $85,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,678/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Single Family

Built in 1991

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Take a look at this cozy, well maintained ranch home located on the South edge of Wayland! Enjoy the countryside from your backyard on this .28 acre lot with a garden shed and tasteful landscaping. The roof has metal (50 year) shingles. New siding was installed in 2025. Gutter guard has also been installed. Step through the front door into the living room with a gas fireplace for those cold Iowa winters. An open floor plan leads into the dining area and updated kitchen with eat-in island with views to the backyard. Relax and take advantage of the view on the screened porch with an adjacent deck. A generous master bedroom and 2 additional bedrooms are located at the end of the hallway. A nice sized full bathroom serves the upstairs area. An open stairway leads to the cozy family room on the lower level. An adjacent kitchenette with a game and snack area provide a great opportunity for family time together. Potential for 2 non-conforming bedrooms on the lower level with a nearby full bathroom. A shop/hobby area, utility room and loads of closet space complete the lower level. Windows were replaced in 2020. Seller has had annual maintenance for heat and AC units. This home is tastefully designed, well-maintained and ready for new owners to enjoy the many amenities it offers!

Neighborhood Data

Neighborhood data shown for ZIP Code: 52654, Wayland, IA area.

Housing Distribution

Housing Statistics

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