Real Estate Investment Properties for Sale in Waterloo, IL

Looking for investment property in Waterloo, IL with high ROI ?

Explore a variety of short-term homes & houses in Waterloo, IL. Invest wisely with VRBO & Waterloo, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Waterloo, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
217 Magnolia Ave Waterloo, IL ONE OF A KIND located in the Heart of Waterloo! Marvelous original woodwork, pocket doors,...	4 beds \| 2 baths \| 3,004 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $2056 Airbnb ROI: N/A Traditional ROI: 5.06%
1219 Castle Green Dr Waterloo, IL New construction.... 3 bedroom, 3.5 bath with 3 car garage a full unfinished basement in t...	3 beds \| 3 baths \| 2,697 sq.ft.	$525,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.21% Airbnb Rental Income: $2727 Traditional Rental Income: $2298 Airbnb ROI: 0.78% Traditional ROI: 1.21%
404 S Main St Waterloo, IL Charm, character, & convenience now available for an affordable price! This 3 BR, 2 bath i...	3 beds \| 2 baths \| 1,484 sq.ft.	$228,500	Airbnb cash on cash: 7.28% Traditional cash on cash: 4.99% Airbnb Rental Income: $2727 Traditional Rental Income: $1588 Airbnb ROI: 7.28% Traditional ROI: 4.99%
808 Blazing Star Dr Waterloo, IL Welcome to Quail Ridge Neighborhood where everyone desires to relax and unwind in this ser...	3 beds \| 2 baths \| 2,619 sq.ft.	$399,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 4.86% Airbnb Rental Income: $2727 Traditional Rental Income: $2780 Airbnb ROI: 3.01% Traditional ROI: 4.86%
849 Blazing Star Dr Waterloo, IL Immaculate ranch home w/fantastic curb appeal, directly across from common ground gazebo, ...	3 beds \| 2 baths \| 1,792 sq.ft.	$324,900	Airbnb cash on cash: 4.13% Traditional cash on cash: 3.1% Airbnb Rental Income: $2727 Traditional Rental Income: $1769 Airbnb ROI: 4.13% Traditional ROI: 3.1%
476 Hayden Dr Waterloo, IL "The Jenny" is one of many floor plans offer in Natalie Estates Built by D&F Home Builder...	4 beds \| 3 baths \| 2,741 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.43% Airbnb Rental Income: $null Traditional Rental Income: $2629 Airbnb ROI: N/A Traditional ROI: 1.43%
1217 Kirk Ln Waterloo, IL Beautiful new construction home offers 3 bedrooms, 2 baths & features oversized 3 car gara...	4 beds \| 3 baths \| 3,343 sq.ft.	$515,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.84% Airbnb Rental Income: $null Traditional Rental Income: $2546 Airbnb ROI: N/A Traditional ROI: 1.84%
1225 Sherwood Ln Waterloo, IL Don't miss out on this beautiful, well maintained ranch home in the Country Club Hill subd...	3 beds \| 2 baths \| 1,560 sq.ft.	$315,000	Airbnb cash on cash: 4.17% Traditional cash on cash: 3.12% Airbnb Rental Income: $2727 Traditional Rental Income: $1771 Airbnb ROI: 4.17% Traditional ROI: 3.12%
516 Hayden Dr Waterloo, IL Experience contemporary living at its finest in this stunning new construction home, thoug...	3 beds \| 2 baths \| 1,782 sq.ft.	$499,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 1.17% Airbnb Rental Income: $2727 Traditional Rental Income: $2175 Airbnb ROI: 0.98% Traditional ROI: 1.17%
306 Walnut St Waterloo, IL Step into this beautifully restored brick historic home, where timeless charm meets modern...	4 beds \| 1 baths \| 1,380 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $1872 Airbnb ROI: N/A Traditional ROI: 4.97%
812 Weller Ct Waterloo, IL Introducing an exquisite custom 2-story home in Quail Ridge Subdivision! Completion: Oct 2...	4 beds \| 3 baths \| 2,100 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.99% Airbnb Rental Income: $null Traditional Rental Income: $2378 Airbnb ROI: N/A Traditional ROI: 1.99%
1017 Waymaker Ln Waterloo, IL Visit the Display Home Open House at 1013 Waymaker Ln, Waterloo, IL. New Construction: Cus...	3 beds \| 2 baths \| 1,878 sq.ft.	$436,550	Airbnb cash on cash: 1.62% Traditional cash on cash: 1.54% Airbnb Rental Income: $2727 Traditional Rental Income: $2049 Airbnb ROI: 1.62% Traditional ROI: 1.54%
1123 Waymaker Ln Waterloo, IL 1123 Waymaker Ln, Waterloo, IL 62298 \| Single Family Residential	3 beds \| 2 baths \| 1,729 sq.ft.	$494,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 0.38% Airbnb Rental Income: $2727 Traditional Rental Income: $1776 Airbnb ROI: 1.05% Traditional ROI: 0.38%
5728 Brand Woods Dr Waterloo, IL 5728 Brand Woods Dr, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 7.52% Traditional cash on cash: 3.91% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 7.52% Traditional ROI: 3.91%
0 Clayton Rd Waterloo, IL 0 Clayton Rd, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$99,995	Airbnb cash on cash: 7.6% Traditional cash on cash: 4% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 7.6% Traditional ROI: 4%
0 Benjamin Ln Waterloo, IL 0 Benjamin Ln, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$82,000	Airbnb cash on cash: 9.43% Traditional cash on cash: 5.09% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 9.43% Traditional ROI: 5.09%
612 Legacy Dr Waterloo, IL 612 Legacy Dr, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$85,500	Airbnb cash on cash: 8.94% Traditional cash on cash: 4.76% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 8.94% Traditional ROI: 4.76%
0 Lot 14 Ahne Rd Waterloo, IL 0 Lot 14 Ahne Rd, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$143,528	Airbnb cash on cash: 4.41% Traditional cash on cash: 1.86% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 4.41% Traditional ROI: 1.86%
588 Legacy Dr Waterloo, IL 588 Legacy Dr, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$87,500	Airbnb cash on cash: 9.06% Traditional cash on cash: 4.97% Airbnb Rental Income: $1597 Traditional Rental Income: $792 Airbnb ROI: 9.06% Traditional ROI: 4.97%
XXX Konarcik Waterloo, IL XXX Konarcik, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$234,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 0.25% Airbnb Rental Income: $1597 Traditional Rental Income: $866 Airbnb ROI: 1.49% Traditional ROI: 0.25%
951 Forbs Dr Waterloo, IL New construction home in the desirable Quail Ridge subdivision, located directly across fr...	3 beds \| 2 baths \| 1,731 sq.ft.	$449,500	Airbnb cash on cash: 1.3% Traditional cash on cash: 1.2% Airbnb Rental Income: $2727 Traditional Rental Income: $2040 Airbnb ROI: 1.3% Traditional ROI: 1.2%
1033 Turtle Dove Trl Waterloo, IL 1033 Turtle Dove Trl, Waterloo, IL 62298 \| Single Family Residential	5 beds \| 3 baths \| 3,069 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.79% Airbnb Rental Income: $null Traditional Rental Income: $2097 Airbnb ROI: N/A Traditional ROI: 0.79%
701 Williams Landing Waterloo, IL A masterpiece of craftsmanship and refined living, this 3 sides-brick-and-stone estate com...	3 beds \| 4 baths \| 2,590 sq.ft.	$850,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.94% Airbnb Rental Income: $2727 Traditional Rental Income: $2838 Airbnb ROI: -0.02% Traditional ROI: 0.94%
208 N Library St Waterloo, IL Unique properties like this rarely come available in Waterloo! This incredible opportunity...	8 beds \| N/A baths \| N/A	$474,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 0.7% Airbnb Rental Income: $2727 Traditional Rental Income: $1561 Airbnb ROI: 1.87% Traditional ROI: 0.7%
907 Forbs Dr Waterloo, IL 907 Forbs Dr, Waterloo, IL 62298 \| Single Family Residential	4 beds \| N/A baths \| 3,870 sq.ft.	$459,400	Airbnb cash on cash: N/A Traditional cash on cash: 0.43% Airbnb Rental Income: $null Traditional Rental Income: $1675 Airbnb ROI: N/A Traditional ROI: 0.43%
3480 State Route 156 Waterloo, IL 3480 State Route 156, Waterloo, IL 62298 \| Single Family Residential	4 beds \| N/A baths \| 1,306 sq.ft.	$1,500,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.28% Airbnb Rental Income: $null Traditional Rental Income: $1458 Airbnb ROI: N/A Traditional ROI: -2.28%
1316 Summerfield Waterloo, IL 1316 Summerfield, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 3 baths \| 2,706 sq.ft.	$368,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.88% Airbnb Rental Income: $null Traditional Rental Income: $2223 Airbnb ROI: N/A Traditional ROI: 2.88%
1053 Country Club Ln Waterloo, IL 1053 Country Club Ln, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: 7.88% Traditional cash on cash: 5.21% Airbnb Rental Income: $1597 Traditional Rental Income: $894 Airbnb ROI: 7.88% Traditional ROI: 5.21%
Lot 19 Kk Rd Waterloo, IL Lot 19 Kk Rd, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$150,000	Airbnb cash on cash: 4.09% Traditional cash on cash: 2.36% Airbnb Rental Income: $1597 Traditional Rental Income: $894 Airbnb ROI: 4.09% Traditional ROI: 2.36%
521 Grand Ave Waterloo, IL 521 Grand Ave, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 3 baths \| 3,876 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.04% Airbnb Rental Income: $null Traditional Rental Income: $2198 Airbnb ROI: N/A Traditional ROI: 2.04%
xxxx Station Crossing, Lot 34 Waterloo, IL xxxx Station Crossing, Lot 34, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$120,000	Airbnb cash on cash: 5.86% Traditional cash on cash: 3.72% Airbnb Rental Income: $1597 Traditional Rental Income: $894 Airbnb ROI: 5.86% Traditional ROI: 3.72%
1981 Kk Rd Waterloo, IL 1981 Kk Rd, Waterloo, IL 62298 \| Single Family Residential	3 beds \| 2 baths \| 2,200 sq.ft.	$1,300,000	Airbnb cash on cash: -1.61% Traditional cash on cash: -1.74% Airbnb Rental Income: $2727 Traditional Rental Income: $1926 Airbnb ROI: -1.61% Traditional ROI: -1.74%
1615 State Route 156 Waterloo, IL 1615 State Route 156, Waterloo, IL 62298 \| Single Family Residential	3 beds \| 1 baths \| 1,682 sq.ft.	$190,000	Airbnb cash on cash: 7.8% Traditional cash on cash: 3.42% Airbnb Rental Income: $2727 Traditional Rental Income: $1292 Airbnb ROI: 7.8% Traditional ROI: 3.42%
719 Waterloo Dr Waterloo, IL 719 Waterloo Dr, Waterloo, IL 62298 \| Single Family Residential	2 beds \| 2 baths \| 2,290 sq.ft.	$285,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 2.69% Airbnb Rental Income: $1565 Traditional Rental Income: $1684 Airbnb ROI: 0.57% Traditional ROI: 2.69%
202 E 1st St Waterloo, IL 202 E 1st St, Waterloo, IL 62298 \| Multi Family	4 beds \| N/A baths \| 1,396 sq.ft.	$210,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 2.73% Airbnb Rental Income: $1565 Traditional Rental Income: $1280 Airbnb ROI: 1.91% Traditional ROI: 2.73%
904 Sheridan Ln Waterloo, IL 904 Sheridan Ln, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 2 baths \| 1,557 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.62% Airbnb Rental Income: $null Traditional Rental Income: $1633 Airbnb ROI: N/A Traditional ROI: 2.62%
TBD Fountain Creek Ridge Ln Waterloo, IL TBD Fountain Creek Ridge Ln, Waterloo, IL 62298 \| Other	N/A beds \| N/A baths \| N/A	$224,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 0.54% Airbnb Rental Income: $1597 Traditional Rental Income: $894 Airbnb ROI: 1.71% Traditional ROI: 0.54%
401 Briarcliff Dr Waterloo, IL 401 Briarcliff Dr, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 3 baths \| 3,524 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.98% Airbnb Rental Income: $null Traditional Rental Income: $2176 Airbnb ROI: N/A Traditional ROI: 1.98%
1521 Rachael Ln Waterloo, IL 1521 Rachael Ln, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 3 baths \| 2,452 sq.ft.	$370,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $2279 Airbnb ROI: N/A Traditional ROI: 3.03%
1504 Rachael Ln Waterloo, IL 1504 Rachael Ln, Waterloo, IL 62298 \| Single Family Residential	4 beds \| 3 baths \| 2,509 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 2.73%

Real Estate investment in Waterloo, IL

There are 62 properties for sale in the city of Waterloo . The median list price in Waterloo is $322,257 and the average price per square foot is $190. In August 2026, the average monthly cash on cash return in Waterloo is 3.00%. The average monthly rental income in Waterloo is $1,691.

Waterloo, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 62 investment properties available for sale in Waterloo.

In 2026, the best neighborhood to buy investment property is Waterloo.

The ROI for Short-Term is higher than the Long-Term in Waterloo with average rental income of $2,727.

Your search for investment property begins and ends here

Investment Property for Sale in Waterloo, IL

217 Magnolia Ave

Waterloo, IL

4 beds | 2 baths | 3,004 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2056

Airbnb ROI: N/A

Traditional ROI: 5.06%

1219 Castle Green Dr

Waterloo, IL

3 beds | 3 baths | 2,697 sq.ft.

$525,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 1.21%

Airbnb Rental Income: $2727

Traditional Rental Income: $2298

Airbnb ROI: 0.78%

Traditional ROI: 1.21%

404 S Main St

Waterloo, IL

3 beds | 2 baths | 1,484 sq.ft.

$228,500

Airbnb cash on cash: 7.28%

Traditional cash on cash: 4.99%

Airbnb Rental Income: $2727

Traditional Rental Income: $1588

Airbnb ROI: 7.28%

Traditional ROI: 4.99%

808 Blazing Star Dr

Waterloo, IL

3 beds | 2 baths | 2,619 sq.ft.

$399,900

Airbnb cash on cash: 3.01%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $2727

Traditional Rental Income: $2780

Airbnb ROI: 3.01%

Traditional ROI: 4.86%

849 Blazing Star Dr

Waterloo, IL

3 beds | 2 baths | 1,792 sq.ft.

$324,900

Airbnb cash on cash: 4.13%

Traditional cash on cash: 3.1%

Airbnb Rental Income: $2727

Traditional Rental Income: $1769

Airbnb ROI: 4.13%

Traditional ROI: 3.1%

476 Hayden Dr

Waterloo, IL

4 beds | 3 baths | 2,741 sq.ft.

$575,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.43%

Airbnb Rental Income: $null

Traditional Rental Income: $2629

Airbnb ROI: N/A

Traditional ROI: 1.43%

1217 Kirk Ln

Waterloo, IL

4 beds | 3 baths | 3,343 sq.ft.

$515,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2546

Airbnb ROI: N/A

Traditional ROI: 1.84%

1225 Sherwood Ln

Waterloo, IL

3 beds | 2 baths | 1,560 sq.ft.

$315,000

Airbnb cash on cash: 4.17%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $2727

Traditional Rental Income: $1771

Airbnb ROI: 4.17%