Real Estate Investment Properties for Sale in Waterloo, IA

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

Explore a variety of short-term homes & houses in Waterloo, IA. Invest wisely with VRBO & Waterloo, IA 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, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
30802 Hickory Hill Road Waterloo, IA Perched on a hillside these 3 bedrooms, 2-bath home is, offers stunning views of the surro...	3 beds \| 2 baths \| 1,500 sq.ft.	$230,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 8.89% Airbnb Rental Income: $1429 Traditional Rental Income: $2407 Airbnb ROI: 2.44% Traditional ROI: 8.89%
111 Lovejoy Avenue Waterloo, IA Welcome to this captivatingly cozy family home full of character! Featuring modern updates...	3 beds \| 2 baths \| 1,624 sq.ft.	$219,900	Airbnb cash on cash: 1.6% Traditional cash on cash: 8.96% Airbnb Rental Income: $1429 Traditional Rental Income: $2533 Airbnb ROI: 1.6% Traditional ROI: 8.96%
1116 Mulberry Waterloo, IA Excellent Investment Opportunity! Well-maintained duplex featuring two spacious 2-bedroom ...	N/A beds \| N/A baths \| 1,728 sq.ft.	$150,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 7.78% Airbnb Rental Income: $1429 Traditional Rental Income: $1479 Airbnb ROI: 4.45% Traditional ROI: 7.78%
303 Logan Avenue Waterloo, IA This large, income-producing property generates nearly $2,400 in monthly rent. All units a...	N/A beds \| N/A baths \| 2,656 sq.ft.	$110,000	Airbnb cash on cash: 6.06% Traditional cash on cash: 11.86% Airbnb Rental Income: $1429 Traditional Rental Income: $1620 Airbnb ROI: 6.06% Traditional ROI: 11.86%
2133 LOGAN #1 Waterloo, IA -NO SHOWING UNLESS OFFER-ZONING R-4 next to available retail building. Close to Allen Hosp...	2 beds \| 1 baths \| 710 sq.ft.	$400,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 2.87% Airbnb Rental Income: $1918 Traditional Rental Income: $1695 Airbnb ROI: 2.11% Traditional ROI: 2.87%
1513 Ohio Street Waterloo, IA One Years Builder Warranty. 10 Year Structural Warranty.Open Floor Plan with Main Floor la...	4 beds \| 3 baths \| 1,701 sq.ft.	$567,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.44% Airbnb Rental Income: $1259 Traditional Rental Income: $2524 Airbnb ROI: 0.3% Traditional ROI: 3.44%
126 Rosebud Waterloo, IA Charming Prospect Boulevard two-story! Step inside this character-filled Waterloo home and...	3 beds \| 2 baths \| 1,976 sq.ft.	$244,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 4.38% Airbnb Rental Income: $1429 Traditional Rental Income: $1669 Airbnb ROI: 1.5% Traditional ROI: 4.38%
8138 Schenk Waterloo, IA Spacious 5-bedroom (includes 2 non-conforming bedrooms), 2-bath home on 4.62 acres! This p...	5 beds \| 2 baths \| 2,578 sq.ft.	$353,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $3069 Airbnb ROI: N/A Traditional ROI: 6.41%
916 Wisconsin Street Waterloo, IA This 3-bedroom, 1-bath home in Waterloo offers a great opportunity for first-time buyers o...	3 beds \| 1 baths \| 1,412 sq.ft.	$149,900	Airbnb cash on cash: 3.9% Traditional cash on cash: 3.38% Airbnb Rental Income: $1429 Traditional Rental Income: $928 Airbnb ROI: 3.9% Traditional ROI: 3.38%
1002 E Ridgeway Avenue Waterloo, IA Welcome to this bright and spacious home, featuring a flowing floor plan and large windows...	4 beds \| 2 baths \| 1,970 sq.ft.	$249,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 7.54% Airbnb Rental Income: $1259 Traditional Rental Income: $2494 Airbnb ROI: 0.62% Traditional ROI: 7.54%
3058 San Salvador Waterloo, IA Charming & Modern â Move-In Ready in Park Haven Discover timeless character meets moder...	4 beds \| 2 baths \| 1,706 sq.ft.	$264,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 4.55% Airbnb Rental Income: $1259 Traditional Rental Income: $1862 Airbnb ROI: 0.55% Traditional ROI: 4.55%
608 Wallgate Avenue Waterloo, IA Step into new construction on your budget! Welcoming, functional and efficient from the mi...	3 beds \| 2 baths \| 1,200 sq.ft.	$234,900	Airbnb cash on cash: 1.55% Traditional cash on cash: 7.79% Airbnb Rental Income: $1429 Traditional Rental Income: $2388 Airbnb ROI: 1.55% Traditional ROI: 7.79%
610 Wallgate Avenue Waterloo, IA Step into new construction on your budget! Welcoming, functional and efficient from the mi...	3 beds \| 2 baths \| 1,200 sq.ft.	$234,900	Airbnb cash on cash: 1.55% Traditional cash on cash: 7.79% Airbnb Rental Income: $1429 Traditional Rental Income: $2388 Airbnb ROI: 1.55% Traditional ROI: 7.79%
1416 Partridge Lane Waterloo, IA Introducing this stunning new construction 2-story home in Audubon Heights, situated on a...	4 beds \| 3 baths \| 2,460 sq.ft.	$535,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 6.17% Airbnb Rental Income: $1259 Traditional Rental Income: $3831 Airbnb ROI: 0.23% Traditional ROI: 6.17%
122 Goldcrest Court Waterloo, IA The Westfield II by Skogman Homes. This wonderful ranch-style home offers 3 bedrooms and 2...	5 beds \| 3 baths \| 2,618 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $3029 Airbnb ROI: N/A Traditional ROI: 4.64%
525 Evergreen Avenue Waterloo, IA Welcome to this beautifully updated 3-bedroom home with plenty of space and modern comfort...	3 beds \| 2 baths \| 1,540 sq.ft.	$155,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 11.67% Airbnb Rental Income: $1429 Traditional Rental Income: $2198 Airbnb ROI: 3.6% Traditional ROI: 11.67%
135 E San Marnan Drive #6 Waterloo, IA Donât miss this excellent opportunity to live in a spacious top-floor 2-bedroom, 1-bathr...	2 beds \| 1 baths \| 1,239 sq.ft.	$118,000	Airbnb cash on cash: 6.4% Traditional cash on cash: 9.11% Airbnb Rental Income: $1918 Traditional Rental Income: $1718 Airbnb ROI: 6.4% Traditional ROI: 9.11%
4019 Matthew Drive Waterloo, IA Check out this affordable ranch home in Cedar Falls school district. Just across the borde...	3 beds \| 1 baths \| 1,461 sq.ft.	$196,969	Airbnb cash on cash: 2.37% Traditional cash on cash: 5.77% Airbnb Rental Income: $1429 Traditional Rental Income: $1638 Airbnb ROI: 2.37% Traditional ROI: 5.77%
1111 Langley Road Waterloo, IA Great investment opportunity! Multiplex offering 12 units, one 1 bedroom and eleven 2 bedr...	N/A beds \| N/A baths \| 4,368 sq.ft.	$699,900	Airbnb cash on cash: -2.56% Traditional cash on cash: -0.06% Airbnb Rental Income: $537 Traditional Rental Income: $1892 Airbnb ROI: -2.56% Traditional ROI: -0.06%
1114 Prairie Meadow Court #12 Waterloo, IA Welcome to this beautifully updated 2-bedroom, 1-bath condo in Prairie Meadow Court! This ...	2 beds \| 1 baths \| 837 sq.ft.	$124,900	Airbnb cash on cash: 6.01% Traditional cash on cash: 6.04% Airbnb Rental Income: $1918 Traditional Rental Income: $1413 Airbnb ROI: 6.01% Traditional ROI: 6.04%
924 Creston Avenue Waterloo, IA Welcome to 924 Creston Ave, a charming 4-bedroom, 3-bath, 1 1/2-story home nestled in the ...	4 beds \| 3 baths \| 3,470 sq.ft.	$380,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 6.22% Airbnb Rental Income: $1259 Traditional Rental Income: $3182 Airbnb ROI: -0.29% Traditional ROI: 6.22%
1306 Olympic Drive Waterloo, IA Welcome to this stunning ranch-style home perfectly situated within walking distance to th...	3 beds \| 3 baths \| 3,787 sq.ft.	$398,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 4.77% Airbnb Rental Income: $1429 Traditional Rental Income: $3029 Airbnb ROI: -0.66% Traditional ROI: 4.77%
220 Forest Avenue Waterloo, IA Newly updated Lustron home built with enameled metal featuring large living spaces in this...	2 beds \| 1 baths \| 1,021 sq.ft.	$138,000	Airbnb cash on cash: 7.55% Traditional cash on cash: 8.86% Airbnb Rental Income: $1918 Traditional Rental Income: $1582 Airbnb ROI: 7.55% Traditional ROI: 8.86%
135 Sunbird Court Waterloo, IA Welcome to this stunning new construction home by Skogman Homes! This Garnett floor plan i...	3 beds \| 2 baths \| 1,669 sq.ft.	$499,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 4.38% Airbnb Rental Income: $1429 Traditional Rental Income: $2643 Airbnb ROI: 0.86% Traditional ROI: 4.38%
911 Lafayette Street Waterloo, IA Donât miss this exceptional opportunity to own a fully occupied, income-producing fourpl...	N/A beds \| N/A baths \| 3,632 sq.ft.	$270,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 4.25% Airbnb Rental Income: $1429 Traditional Rental Income: $1607 Airbnb ROI: 1.87% Traditional ROI: 4.25%
1103 Jefferson Street Waterloo, IA Turnkey triplex in Waterloo, Iowa â vacant and ready for tenants! Live in one unit and r...	N/A beds \| N/A baths \| 748 sq.ft.	$100,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 10.91% Airbnb Rental Income: $537 Traditional Rental Income: $1402 Airbnb ROI: -0.85% Traditional ROI: 10.91%
5760 Wall Street Waterloo, IA Skogman Homes is happy to present this Northbrook ll floor plan in the up and coming Parid...	3 beds \| 2 baths \| 1,530 sq.ft.	$459,890	Airbnb cash on cash: -0.45% Traditional cash on cash: 3.29% Airbnb Rental Income: $1429 Traditional Rental Income: $2608 Airbnb ROI: -0.45% Traditional ROI: 3.29%
345 Derbyshire Road Waterloo, IA Step into timeless charm with this beautifully maintained 4-bedroom, 2-bathroom home locat...	4 beds \| 2 baths \| 2,333 sq.ft.	$289,900	Airbnb cash on cash: 0.28% Traditional cash on cash: 7.49% Airbnb Rental Income: $1259 Traditional Rental Income: $2829 Airbnb ROI: 0.28% Traditional ROI: 7.49%
1223 Byron Avenue Waterloo, IA Looking for the perfect starter home or a turnkey investment property? This delightful 2-b...	2 beds \| 1 baths \| 748 sq.ft.	$119,900	Airbnb cash on cash: 8.95% Traditional cash on cash: 9.69% Airbnb Rental Income: $1918 Traditional Rental Income: $1496 Airbnb ROI: 8.95% Traditional ROI: 9.69%
206 Kingbard Boulevard Waterloo, IA Overflowing with charm and timeless character, this solid all-brick home stands proudly on...	5 beds \| 4 baths \| 3,801 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.81% Airbnb Rental Income: $null Traditional Rental Income: $4382 Airbnb ROI: N/A Traditional ROI: 10.81%
725 Harwood Avenue Waterloo, IA Picture Perfect! This beautifully remodeled one-story home has had a total transformation ...	3 beds \| 2 baths \| 1,183 sq.ft.	$179,900	Airbnb cash on cash: 3.28% Traditional cash on cash: 10.58% Airbnb Rental Income: $1429 Traditional Rental Income: $2252 Airbnb ROI: 3.28% Traditional ROI: 10.58%
4112 E Shaulis Road Waterloo, IA Welcome to your future home! Nestled in a beautiful setting on nearly one acre of landât...	3 beds \| 2 baths \| 1,796 sq.ft.	$273,750	Airbnb cash on cash: 0.72% Traditional cash on cash: 6.86% Airbnb Rental Income: $1429 Traditional Rental Income: $2585 Airbnb ROI: 0.72% Traditional ROI: 6.86%
1107 Ridgemont Road Waterloo, IA Welcome to this beautifully maintained 4-bedroom, 2-bathroom home in one of West Waterloo'...	4 beds \| 2 baths \| 2,260 sq.ft.	$289,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 7.62% Airbnb Rental Income: $1259 Traditional Rental Income: $2814 Airbnb ROI: 0.44% Traditional ROI: 7.62%
1033 Fletcher Avenue Waterloo, IA Location! Location! Location is only one of the stand-out characteristics of this property...	3 beds \| 2 baths \| 1,582 sq.ft.	$189,900	Airbnb cash on cash: 2.38% Traditional cash on cash: 10.93% Airbnb Rental Income: $1429 Traditional Rental Income: $2546 Airbnb ROI: 2.38% Traditional ROI: 10.93%
128 Goldcrest Court Waterloo, IA Welcome to this exquisite craftsman ranch-style home that combines timeless design with mo...	4 beds \| 3 baths \| 3,010 sq.ft.	$666,509	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.23% Airbnb Rental Income: $1259 Traditional Rental Income: $3389 Airbnb ROI: 0.16% Traditional ROI: 4.23%
541 Albany Street Waterloo, IA Updated ranch on a sprawling corner lot, has a country-feeling as you drive up! You'll lik...	2 beds \| 1 baths \| 912 sq.ft.	$139,900	Airbnb cash on cash: 7.68% Traditional cash on cash: 9.21% Airbnb Rental Income: $1918 Traditional Rental Income: $1614 Airbnb ROI: 7.68% Traditional ROI: 9.21%
6418 Independence Avenue Waterloo, IA Come take a look at this move-in ready home which offers the perfect blend of space, comfo...	5 beds \| 2 baths \| 1,792 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.1% Airbnb Rental Income: $null Traditional Rental Income: $2760 Airbnb ROI: N/A Traditional ROI: 6.1%
125 Sunbird Court Waterloo, IA Welcome to your dream home by Skogman Homes! Introducing The Madison floor plan, nestled i...	3 beds \| 2 baths \| 1,584 sq.ft.	$496,251	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.39% Airbnb Rental Income: $1429 Traditional Rental Income: $2626 Airbnb ROI: 0.89% Traditional ROI: 4.39%
635 Alpine Drive Waterloo, IA Built in 1960 and lovingly maintained by its original owner, this charming ranch home is n...	3 beds \| 3 baths \| 2,171 sq.ft.	$240,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 11.04% Airbnb Rental Income: $1429 Traditional Rental Income: $3171 Airbnb ROI: 1.48% Traditional ROI: 11.04%
3649 Pheasant Lane #4 Waterloo, IA Hard to find Main Floor two bedroom condo! Freshly cleaned and move-in ready! No need to c...	2 beds \| 1 baths \| 915 sq.ft.	$139,900	Airbnb cash on cash: 5.45% Traditional cash on cash: 6.67% Airbnb Rental Income: $1918 Traditional Rental Income: $1572 Airbnb ROI: 5.45% Traditional ROI: 6.67%

Real Estate investment in Waterloo, IA

There are 122 properties for sale in the city of Waterloo . The median list price in Waterloo is $189,900 and the average price per square foot is $112. In September 2025, the average monthly cash on cash return in Waterloo is 9.00%. The average monthly rental income in Waterloo is $2,382.

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

There are 122 investment properties available for sale in Waterloo.

In 2025, the best neighborhood to buy investment property is Cedar River.

The ROI for Long-Term is higher than the Short-Term in Waterloo with average rental income of $2,382.

Your search for investment property begins and ends here

Investment Property for Sale in Waterloo, IA

30802 Hickory Hill Road

Waterloo, IA

3 beds | 2 baths | 1,500 sq.ft.

$230,000

Airbnb cash on cash: 2.44%

Traditional cash on cash: 8.89%

Airbnb Rental Income: $1429

Traditional Rental Income: $2407

Airbnb ROI: 2.44%

Traditional ROI: 8.89%

111 Lovejoy Avenue

Waterloo, IA

3 beds | 2 baths | 1,624 sq.ft.

$219,900

Airbnb cash on cash: 1.6%

Traditional cash on cash: 8.96%

Airbnb Rental Income: $1429

Traditional Rental Income: $2533

Airbnb ROI: 1.6%

Traditional ROI: 8.96%

1116 Mulberry

Waterloo, IA

N/A beds | N/A baths | 1,728 sq.ft.

$150,000

Airbnb cash on cash: 4.45%

Traditional cash on cash: 7.78%

Airbnb Rental Income: $1429

Traditional Rental Income: $1479

Airbnb ROI: 4.45%

Traditional ROI: 7.78%

303 Logan Avenue

Waterloo, IA

N/A beds | N/A baths | 2,656 sq.ft.

$110,000

Airbnb cash on cash: 6.06%

Traditional cash on cash: 11.86%

Airbnb Rental Income: $1429

Traditional Rental Income: $1620

Airbnb ROI: 6.06%

Traditional ROI: 11.86%

2133 LOGAN #1

Waterloo, IA

2 beds | 1 baths | 710 sq.ft.

$400,000

Airbnb cash on cash: 2.11%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $1918

Traditional Rental Income: $1695

Airbnb ROI: 2.11%

Traditional ROI: 2.87%

1513 Ohio Street

Waterloo, IA

4 beds | 3 baths | 1,701 sq.ft.

$567,000

Airbnb cash on cash: 0.3%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $1259

Traditional Rental Income: $2524

Airbnb ROI: 0.3%

Traditional ROI: 3.44%

126 Rosebud

Waterloo, IA

3 beds | 2 baths | 1,976 sq.ft.

$244,900

Airbnb cash on cash: 1.5%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1429

Traditional Rental Income: $1669

Airbnb ROI: 1.5%

Traditional ROI: 4.38%

8138 Schenk

Waterloo, IA

5 beds | 2 baths | 2,578 sq.ft.

$353,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3069

Airbnb ROI: N/A