Real Estate Investment Properties for Sale in Waverly, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2419 Carstensen Dr Waverly, IA Wow! You wont believe the space in this "like new" condo. The main floor features bright l...	3 beds \| 3 baths \| 3,048 sq.ft.	$314,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 7.46% Airbnb Rental Income: $1044 Traditional Rental Income: $3200 Airbnb ROI: -1.05% Traditional ROI: 7.46%
206 Island View Dr Waverly, IA Tucked away in the Huber Addition between Waverly and Janesville, this rare riverfront pro...	3 beds \| 3 baths \| 2,438 sq.ft.	$359,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.38% Airbnb Rental Income: $1044 Traditional Rental Income: $1926 Airbnb ROI: -0.21% Traditional ROI: 3.38%
505 Tumbleweed Trl Waverly, IA Check out this quality new construction on a secluded lot. The quality building products a...	3 beds \| 2 baths \| 1,766 sq.ft.	$450,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.65% Airbnb Rental Income: $1044 Traditional Rental Income: $2552 Airbnb ROI: 0.21% Traditional ROI: 4.65%
113 Island View Dr Waverly, IA Absolutely better than new! Updated top to bottom & set on a tree lined rolling acre lot. ...	4 beds \| 3 baths \| 2,184 sq.ft.	$362,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.18% Airbnb Rental Income: $null Traditional Rental Income: $2073 Airbnb ROI: N/A Traditional ROI: 4.18%
106 23rd St. St NW Waverly, IA Welcome to your dream home! This wonderful 4-bedroom ranch offers a spacious and inviting ...	4 beds \| 2 baths \| 2,167 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $2968 Airbnb ROI: N/A Traditional ROI: 8.72%
1304 SW 4th Ave Waverly, IA Welcome to this spacious and charming 1960s ranch located in the heart of Waverly and just...	4 beds \| 3 baths \| 3,290 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.03% Airbnb Rental Income: $null Traditional Rental Income: $3397 Airbnb ROI: N/A Traditional ROI: 9.03%
102 NW 9th Avenue Waverly, IA House Hacker's Dream - 5-Unit Income Property with 6th Unit Potential back on the Market, ...	N/A beds \| N/A baths \| N/A	$237,500	Airbnb cash on cash: -0.14% Traditional cash on cash: 5.58% Airbnb Rental Income: $807 Traditional Rental Income: $1768 Airbnb ROI: -0.14% Traditional ROI: 5.58%
132 Fairway Dr Waverly, IA Fall in love with this stand alone, like new condo in Prairie Links golf community! The sp...	2 beds \| 2 baths \| 1,642 sq.ft.	$389,900	Airbnb cash on cash: -1.4% Traditional cash on cash: 4.08% Airbnb Rental Income: $851 Traditional Rental Income: $2525 Airbnb ROI: -1.4% Traditional ROI: 4.08%
323 NE 3rd Ave Waverly, IA Step back in time with this beautiful 4 bedroom, 2 bath character home, nestled on a lot f...	4 beds \| 2 baths \| 2,192 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $2806 Airbnb ROI: N/A Traditional ROI: 8.96%
109 16th Street SW Waverly, IA Mid-Century Gem with Modern Upgrades! This lovingly maintained, one-owner home-custom buil...	3 beds \| 2 baths \| 1,676 sq.ft.	$325,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 5.8% Airbnb Rental Income: $1044 Traditional Rental Income: $2545 Airbnb ROI: -0.3% Traditional ROI: 5.8%
2300 NW 3rd Ave Waverly, IA Well-maintained 4 bedroom/1-3/4 bathroom split with generous living space and ample storag...	4 beds \| 2 baths \| 1,432 sq.ft.	$218,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.79% Airbnb Rental Income: $null Traditional Rental Income: $2469 Airbnb ROI: N/A Traditional ROI: 8.79%
405 Tumbleweed Trl Waverly, IA Welcome home to this stunning 5-bedroom, 3 bath home located in one of Waverly's most desi...	5 beds \| 3 baths \| 2,861 sq.ft.	$489,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $3304 Airbnb ROI: N/A Traditional ROI: 4.37%
2425 Bishop Ave Waverly, IA It doesn't get more picturesque than this! This 28.47 acre property and 2006 Craftsman sty...	4 beds \| 3 baths \| 3,188 sq.ft.	$835,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $3583 Airbnb ROI: N/A Traditional ROI: 2.4%
1608 Hillside Ave Ave Waverly, IA This home is the perfect blend of comfort and luxury, built to accommodate family and ente...	5 beds \| 3 baths \| 2,848 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.08% Airbnb Rental Income: $null Traditional Rental Income: $3501 Airbnb ROI: N/A Traditional ROI: 7.08%
1065 230Th St Waverly, IA This beautifully updated classic farmhouse is the kind of home buyers wait for. A wraparou...	4 beds \| 2 baths \| 1,993 sq.ft.	$339,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.52% Airbnb Rental Income: $null Traditional Rental Income: $2765 Airbnb ROI: N/A Traditional ROI: 6.52%
1401 SE 18th Ave Waverly, IA Enjoy the peace and privacy of country style living just outside Waverly! This raised ranc...	3 beds \| 1 baths \| 1,898 sq.ft.	$249,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 8.12% Airbnb Rental Income: $1044 Traditional Rental Income: $2641 Airbnb ROI: -0.18% Traditional ROI: 8.12%
803 NW 11th Ave Waverly, IA Welcome to this established and well-kept 1-story home in a friendly neighborhood with mat...	3 beds \| 2 baths \| 1,694 sq.ft.	$209,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 9.89% Airbnb Rental Income: $1044 Traditional Rental Income: $2528 Airbnb ROI: 0.56% Traditional ROI: 9.89%
1211 Dalton Drive Dr Waverly, IA Meticulously maintained ranch home with thoughtful detail throughout! Built in 2003, this ...	5 beds \| 3 baths \| 3,017 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $3249 Airbnb ROI: N/A Traditional ROI: 4.88%
106 Willow Cir Waverly, IA Imagine a peaceful retreat where each season brings joy and relaxation. This cul-de-sac ho...	4 beds \| 3 baths \| 2,542 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.02% Airbnb Rental Income: $null Traditional Rental Income: $3009 Airbnb ROI: N/A Traditional ROI: 5.02%
427 SW 8th Avenue Ave #10 Waverly, IA Well-Maintained 2-Bedroom Condo with Golf Course Views. This inviting 2-bedroom condo offe...	2 beds \| 2 baths \| 1,562 sq.ft.	$244,900	Airbnb cash on cash: -1.49% Traditional cash on cash: 5.57% Airbnb Rental Income: $851 Traditional Rental Income: $2154 Airbnb ROI: -1.49% Traditional ROI: 5.57%
1019 NE 2nd Ave Waverly, IA A Fresh Chapter Begins at Maple Hills - Where Luxury Meets Simplicity- where timeless styl...	2 beds \| 2 baths \| 2,968 sq.ft.	$477,500	Airbnb cash on cash: -2.04% Traditional cash on cash: 2.89% Airbnb Rental Income: $851 Traditional Rental Income: $2722 Airbnb ROI: -2.04% Traditional ROI: 2.89%
1611 NW 12th St Waverly, IA This beautiful home, tucked away in a secluded subdivision in northwest Waverly, is exactl...	4 beds \| 3 baths \| 4,294 sq.ft.	$585,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.85% Airbnb Rental Income: $null Traditional Rental Income: $5108 Airbnb ROI: N/A Traditional ROI: 6.85%
205 Island View Dr Dr Waverly, IA This stunning and spacious raised ranch is ready for new owners! It has been so well cared...	4 beds \| 2 baths \| 2,602 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.6% Airbnb Rental Income: $null Traditional Rental Income: $2697 Airbnb ROI: N/A Traditional ROI: 5.6%
900 5th St St NW Waverly, IA Welcome home to this inviting split-foyer home offering space, functionality, and flexible...	4 beds \| 2 baths \| 1,688 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.11% Airbnb Rental Income: $null Traditional Rental Income: $2445 Airbnb ROI: N/A Traditional ROI: 9.11%
122 NE 7th Street Waverly, IA Step into this beautifully maintained 2-story home, originally built in 1935, where timele...	3 beds \| 1 baths \| 2,016 sq.ft.	$209,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 10.71% Airbnb Rental Income: $1044 Traditional Rental Income: $2686 Airbnb ROI: 0.63% Traditional ROI: 10.71%
505 NE 1ST Avenue Waverly, IA This charming home near downtown is a hidden treasure. It offers convenience and a unique ...	3 beds \| 2 baths \| 1,786 sq.ft.	$199,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.55% Airbnb Rental Income: $1044 Traditional Rental Income: $1844 Airbnb ROI: 0.42% Traditional ROI: 6.55%
304 NW Park 26th Street Waverly, IA This beautifully maintained home offers comfort and convenience in a well-established neig...	4 beds \| 3 baths \| 2,810 sq.ft.	$344,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $3023 Airbnb ROI: N/A Traditional ROI: 6.5%
108 SW 16th Avenue unit: 318 #318 Waverly, IA Welcome to this fantastic two-bedroom, one-bathroom condo located in the desirable Ledges ...	2 beds \| 1 baths \| 944 sq.ft.	$150,000	Airbnb cash on cash: -1.42% Traditional cash on cash: 5.73% Airbnb Rental Income: $851 Traditional Rental Income: $1546 Airbnb ROI: -1.42% Traditional ROI: 5.73%
204 Pine Street Waverly, IA Great home on the east outskirts of Waverly. A 3 (could be 4) BR split foyer with a full B...	4 beds \| 2 baths \| 1,406 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.88% Airbnb Rental Income: $null Traditional Rental Income: $2418 Airbnb ROI: N/A Traditional ROI: 7.88%
2308 W Bremer Ave Waverly, IA Welcome home to this beautifully updated all-brick ranch offering the perfect blend of com...	4 beds \| 2 baths \| 1,978 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.5% Airbnb Rental Income: $null Traditional Rental Income: $2902 Airbnb ROI: N/A Traditional ROI: 7.5%
1402 Leitha Terrace Waverly, IA This one is close to shopping, middle and high schools, and 10 Avenue to access Highway 3 ...	3 beds \| 2 baths \| 1,728 sq.ft.	$280,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 6.84% Airbnb Rental Income: $1044 Traditional Rental Income: $2533 Airbnb ROI: -0.18% Traditional ROI: 6.84%
2426 Grand Avenue Waverly, IA Imagine a home that combines beauty, comfort, craftsmanship, and a touch of nature into on...	3 beds \| 3 baths \| 3,104 sq.ft.	$549,500	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.76% Airbnb Rental Income: $1044 Traditional Rental Income: $3074 Airbnb ROI: -0.9% Traditional ROI: 3.76%
3714 viola Drive Waverly, IA For comparison purposes.	5 beds \| 3 baths \| 2,670 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $3155 Airbnb ROI: N/A Traditional ROI: 5.74%
1026 SE 1st Street Waverly, IA This move-in-ready home is an excellent find. It is conveniently located near popular plac...	3 beds \| 3 baths \| 2,024 sq.ft.	$229,999	Airbnb cash on cash: 0.13% Traditional cash on cash: 10.15% Airbnb Rental Income: $1044 Traditional Rental Income: $2860 Airbnb ROI: 0.13% Traditional ROI: 10.15%
1306 Dalton Drive Waverly, IA Welcome home! This wonderfully maintained one-owner home provides space, comfort, and an u...	5 beds \| 3 baths \| 3,161 sq.ft.	$444,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $3097 Airbnb ROI: N/A Traditional ROI: 4.56%

Real Estate investment in Waverly, IA

There are 73 properties for sale in the city of Waverly . The median list price in Waverly is $319,950 and the average price per square foot is $140. In February 2026, the average monthly cash on cash return in Waverly is 6.00%. The average monthly rental income in Waverly is $2,664.

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

There are 73 investment properties available for sale in Waverly.

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

The ROI for Long-Term is higher than the Short-Term in Waverly with average rental income of $2,664.

Your search for investment property begins and ends here

Investment Property for Sale in Waverly, IA

2419 Carstensen Dr

Waverly, IA

3 beds | 3 baths | 3,048 sq.ft.

$314,900

Airbnb cash on cash: -1.05%

Traditional cash on cash: 7.46%

Airbnb Rental Income: $1044

Traditional Rental Income: $3200

Airbnb ROI: -1.05%

Traditional ROI: 7.46%

206 Island View Dr

Waverly, IA

3 beds | 3 baths | 2,438 sq.ft.

$359,900

Airbnb cash on cash: -0.21%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1044

Traditional Rental Income: $1926

Airbnb ROI: -0.21%

Traditional ROI: 3.38%

505 Tumbleweed Trl

Waverly, IA

3 beds | 2 baths | 1,766 sq.ft.

$450,000

Airbnb cash on cash: 0.21%

Traditional cash on cash: 4.65%

Airbnb Rental Income: $1044

Traditional Rental Income: $2552

Airbnb ROI: 0.21%

Traditional ROI: 4.65%

113 Island View Dr

Waverly, IA

4 beds | 3 baths | 2,184 sq.ft.

$362,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2073

Airbnb ROI: N/A

Traditional ROI: 4.18%

106 23rd St. St NW

Waverly, IA

4 beds | 2 baths | 2,167 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.72%

Airbnb Rental Income: $null

Traditional Rental Income: $2968

Airbnb ROI: N/A

Traditional ROI: 8.72%

1304 SW 4th Ave

Waverly, IA

4 beds | 3 baths | 3,290 sq.ft.

$299,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.03%

Airbnb Rental Income: $null

Traditional Rental Income: $3397

Airbnb ROI: N/A

Traditional ROI: 9.03%

102 NW 9th Avenue

Waverly, IA

N/A beds | N/A baths | N/A

$237,500

Airbnb cash on cash: -0.14%

Traditional cash on cash: 5.58%

Airbnb Rental Income: $807

Traditional Rental Income: $1768

Airbnb ROI: -0.14%

Traditional ROI: 5.58%

132 Fairway Dr

Waverly, IA

2 beds | 2 baths | 1,642 sq.ft.

$389,900

Airbnb cash on cash: -1.4%

Traditional cash on cash: 4.08%

Airbnb Rental Income: $851

Traditional Rental Income: $2525

Airbnb ROI: -1.4%