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
122 NE 7th Street Waverly, IA Step into this beautifully maintained 2-story home, originally built in 1935, where timele...	3 beds \| 2 baths \| 2,016 sq.ft.	$214,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 10.44% Airbnb Rental Income: $1044 Traditional Rental Income: $2686 Airbnb ROI: 0.59% Traditional ROI: 10.44%
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.	$325,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 7.2% Airbnb Rental Income: $1044 Traditional Rental Income: $3200 Airbnb ROI: -1.05% Traditional ROI: 7.2%
505 Tumbleweed Trail 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.	$460,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.53% Airbnb Rental Income: $1044 Traditional Rental Income: $2552 Airbnb ROI: 0.18% Traditional ROI: 4.53%
128 Red Fox Trail Waverly, IA This affordable new construction features LP smart siding, zero entry and split bedroom de...	3 beds \| 2 baths \| 1,467 sq.ft.	$409,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 5.01% Airbnb Rental Income: $1044 Traditional Rental Income: $2413 Airbnb ROI: 0.5% Traditional ROI: 5.01%
315 NE 3rd Avenue Waverly, IA This beautifully updated 3-bedroom, 3-bathroom home blends classic character with modern s...	3 beds \| 3 baths \| 2,437 sq.ft.	$359,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 7.24% Airbnb Rental Income: $1044 Traditional Rental Income: $3214 Airbnb ROI: -0.28% Traditional ROI: 7.24%
205 Island View Waverly, IA Welcome Home to Comfort & Care! ? This well-maintained 4-bedroom raised ranch offers both ...	4 beds \| 3 baths \| 2,602 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.35% Airbnb Rental Income: $null Traditional Rental Income: $3164 Airbnb ROI: N/A Traditional ROI: 6.35%
910 NW 6th Street Waverly, IA For comps purposes	3 beds \| 3 baths \| 1,946 sq.ft.	$215,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 9.64% Airbnb Rental Income: $1044 Traditional Rental Income: $2867 Airbnb ROI: -1.09% Traditional ROI: 9.64%
2471 Fairview Avenue Waverly, IA PLEASE DO NOT WALK AROUND THE PROPERTY WITHOUT PERMISSION OF THE LISTING REALTOR! HUNTERS ...	3 beds \| 3 baths \| 2,066 sq.ft.	$650,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.85% Airbnb Rental Income: $1044 Traditional Rental Income: $2796 Airbnb ROI: -0.64% Traditional ROI: 2.85%
102 NW 9th Avenue Waverly, IA House Hacker's Dream â 5-Unit Income Property with 6th Unit Potential back on the Market...	N/A beds \| N/A baths \| 5,128 sq.ft.	$247,500	Airbnb cash on cash: -0.18% Traditional cash on cash: 5.32% Airbnb Rental Income: $807 Traditional Rental Income: $1768 Airbnb ROI: -0.18% Traditional ROI: 5.32%
1014 NE 1st Avenue Waverly, IA Welcome to this beautiful, well-maintained home with a great yard. Sitting on a hillside ...	3 beds \| 3 baths \| 2,120 sq.ft.	$289,900	Airbnb cash on cash: -0.42% Traditional cash on cash: 7.84% Airbnb Rental Income: $1044 Traditional Rental Income: $2939 Airbnb ROI: -0.42% Traditional ROI: 7.84%
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.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $3023 Airbnb ROI: N/A Traditional ROI: 6.38%
217 NW 21st Street #10 Waverly, IA Here is your opportunity for affordable living in Waverly, complete with all the convenien...	2 beds \| 1 baths \| 864 sq.ft.	$129,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 6.81% Airbnb Rental Income: $851 Traditional Rental Income: $1452 Airbnb ROI: -0.65% Traditional ROI: 6.81%
132 Fairway Dr Waverly, IA Fall in love with this stand alone, like new condo in Prairie Links golf community! The s...	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%
1501 SW 3rd Street #219 Waverly, IA 1 larger bedroom and one bathroom, dining area, walking closet, Are you searching for a w...	1 beds \| 1 baths \| 903 sq.ft.	$139,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 6.35% Airbnb Rental Income: $916 Traditional Rental Income: $1589 Airbnb ROI: -1.21% Traditional ROI: 6.35%
120 Augusta Circle Waverly, IA Welcome to this beautiful Augusta Circle Patio Home with incredible views of Holes #8 and ...	4 beds \| 3 baths \| 2,530 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $3264 Airbnb ROI: N/A Traditional ROI: 5.74%
108 SW 16th Avenue #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%
1562 250th St Waverly, IA Tucked away on a peaceful acreage, this ranch home offers the perfect blend of seclusion, ...	5 beds \| 4 baths \| 2,977 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $3586 Airbnb ROI: N/A Traditional ROI: 3.82%
323 NE 3rd Avenue 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.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.23% Airbnb Rental Income: $null Traditional Rental Income: $2806 Airbnb ROI: N/A Traditional ROI: 8.23%
1109 5th St NW Waverly, IA Welcome to this well-maintained 3-bedroom, 2-bathroom split-level home in a desirable NW W...	3 beds \| 2 baths \| 2,074 sq.ft.	$269,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 7.67% Airbnb Rental Income: $1044 Traditional Rental Income: $2672 Airbnb ROI: -0.18% Traditional ROI: 7.67%
3604 Monaghan Dr Waverly, IA Welcome to this warm and inviting ranch style home featuring bright and spacious layout. ...	5 beds \| 3 baths \| 3,032 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $3206 Airbnb ROI: N/A Traditional ROI: 5.51%
99 SE 7th Avenue Waverly, IA Feel like you're on vacation every day! Set on a secluded tree filled .7 Acre lot this stu...	4 beds \| 3 baths \| 3,010 sq.ft.	$398,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.14% Airbnb Rental Income: $null Traditional Rental Income: $3325 Airbnb ROI: N/A Traditional ROI: 6.14%
204 NE 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%
602 SW 1st Avenue Waverly, IA This character filled 3 bedroom two bath home has a wonderful location close to numerous b...	3 beds \| 2 baths \| 1,792 sq.ft.	$219,500	Airbnb cash on cash: 0.41% Traditional cash on cash: 9.62% Airbnb Rental Income: $1044 Traditional Rental Income: $2597 Airbnb ROI: 0.41% Traditional ROI: 9.62%
1366 190th Street Waverly, IA Welcome to this beautiful 1.14-acre property, conveniently located on a blacktop roadâno...	3 beds \| 2 baths \| 1,972 sq.ft.	$334,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.29% Airbnb Rental Income: $1044 Traditional Rental Income: $2668 Airbnb ROI: -0.03% Traditional ROI: 6.29%
819 E Bremer Waverly, IA Step into this charming home located in the heart of Waverly, offering a perfect blend of ...	5 beds \| 2 baths \| 2,011 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.76% Airbnb Rental Income: $null Traditional Rental Income: $2879 Airbnb ROI: N/A Traditional ROI: 11.76%
117 NW 6th Avenue Waverly, IA Completely remodeled & move-in ready! This charming 1 bed, 1 bath home in Waverly has been...	1 beds \| 1 baths \| 432 sq.ft.	$99,400	Airbnb cash on cash: 3.56% Traditional cash on cash: 9.34% Airbnb Rental Income: $916 Traditional Rental Income: $1133 Airbnb ROI: 3.56% Traditional ROI: 9.34%
607 NW 10th Avenue Waverly, IA Welcome home to this charming 3-bedroom, 2-bathroom ranch with an attached 2-stall garage....	3 beds \| 2 baths \| 1,188 sq.ft.	$205,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 8.08% Airbnb Rental Income: $1044 Traditional Rental Income: $2176 Airbnb ROI: 0.39% Traditional ROI: 8.08%
606 SE Crestwood Avenue Waverly, IA Your own private retreat right in town! This hidden 4 acre home offers the privacy and roo...	3 beds \| 2 baths \| 1,579 sq.ft.	$299,900	Airbnb cash on cash: -0.24% Traditional cash on cash: 6.12% Airbnb Rental Income: $1044 Traditional Rental Income: $2476 Airbnb ROI: -0.24% Traditional ROI: 6.12%
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 Avenue 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.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.19% Airbnb Rental Income: $null Traditional Rental Income: $2469 Airbnb ROI: N/A Traditional ROI: 8.19%
1527 Garden Avenue Waverly, IA Great Acreage opportunity here! 3 Bed, 1.5 Baths on a 5.15 Acres M/L in the Waverly School...	3 beds \| 2 baths \| 1,632 sq.ft.	$199,900	Airbnb cash on cash: 1.09% Traditional cash on cash: 10.55% Airbnb Rental Income: $1044 Traditional Rental Income: $2477 Airbnb ROI: 1.09% Traditional ROI: 10.55%
1212 SW 4th Street Waverly, IA Step inside this move in ready ranch in Waverly where every detail has been updated for mo...	3 beds \| 2 baths \| 1,252 sq.ft.	$254,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 6.66% Airbnb Rental Income: $1044 Traditional Rental Income: $2310 Airbnb ROI: -0.11% Traditional ROI: 6.66%
1009 Bremer Road Waverly, IA A rare opportunity to own 3 acres in town with space, views, and every detail meticulously...	5 beds \| 4 baths \| 2,912 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $3533 Airbnb ROI: N/A Traditional ROI: 2.19%
405 Tumbleweed Trail 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.	$499,900	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%
311 2nd Ave SW Waverly, IA This 3-bedroom, 1-bath home has a warm and welcoming feel the moment you walk in. The main...	3 beds \| 1 baths \| 1,302 sq.ft.	$199,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 7.1% Airbnb Rental Income: $1044 Traditional Rental Income: $1927 Airbnb ROI: 0.53% Traditional ROI: 7.1%
820 NW 2nd Street Waverly, IA Step into this amazing 3 bed, 2 bath home that is in a great location here in Waverly! Lot...	3 beds \| 1 baths \| 1,704 sq.ft.	$209,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 7.42% Airbnb Rental Income: $1044 Traditional Rental Income: $2044 Airbnb ROI: 0.54% Traditional ROI: 7.42%
2425 Bishop Avenue Waverly, IA It doesnât get more picturesque than this! This 28.47 acre property and 2006 Craftsman s...	4 beds \| 4 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 Waverly, IA This home is the perfect blend of comfort and luxury, built to accommodate family and ente...	5 beds \| 4 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 Street Waverly, IA 1065 230th St, Waverly, IA 50677 Hard-to-find acreage just minutes from Waverly/Cedar Fall...	4 beds \| 2 baths \| 1,993 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $2765 Airbnb ROI: N/A Traditional ROI: 6.3%

Real Estate investment in Waverly, IA

There are 39 properties for sale in the city of Waverly . The median list price in Waverly is $289,900 and the average price per square foot is $142. In October 2025, the average monthly cash on cash return in Waverly is 7.00%. The average monthly rental income in Waverly is $2,668.

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

There are 39 investment properties available for sale in Waverly.

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

The ROI for Short-Term is higher than the Long-Term in Waverly with average rental income of $1,044.

Your search for investment property begins and ends here

Investment Property for Sale in Waverly, IA

122 NE 7th Street

Waverly, IA

3 beds | 2 baths | 2,016 sq.ft.

$214,900

Airbnb cash on cash: 0.59%

Traditional cash on cash: 10.44%

Airbnb Rental Income: $1044

Traditional Rental Income: $2686

Airbnb ROI: 0.59%

Traditional ROI: 10.44%

2419 Carstensen Dr

Waverly, IA

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

$325,000

Airbnb cash on cash: -1.05%

Traditional cash on cash: 7.2%

Airbnb Rental Income: $1044

Traditional Rental Income: $3200

Airbnb ROI: -1.05%

Traditional ROI: 7.2%

505 Tumbleweed Trail

Waverly, IA

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

$460,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $1044

Traditional Rental Income: $2552

Airbnb ROI: 0.18%

Traditional ROI: 4.53%

128 Red Fox Trail

Waverly, IA

3 beds | 2 baths | 1,467 sq.ft.

$409,900

Airbnb cash on cash: 0.5%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1044

Traditional Rental Income: $2413

Airbnb ROI: 0.5%

Traditional ROI: 5.01%

315 NE 3rd Avenue

Waverly, IA

3 beds | 3 baths | 2,437 sq.ft.

$359,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 7.24%

Airbnb Rental Income: $1044

Traditional Rental Income: $3214

Airbnb ROI: -0.28%

Traditional ROI: 7.24%

205 Island View

Waverly, IA

4 beds | 3 baths | 2,602 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.35%

Airbnb Rental Income: $null

Traditional Rental Income: $3164

Airbnb ROI: N/A

Traditional ROI: 6.35%

910 NW 6th Street

Waverly, IA

3 beds | 3 baths | 1,946 sq.ft.

$215,000

Airbnb cash on cash: -1.09%

Traditional cash on cash: 9.64%

Airbnb Rental Income: $1044

Traditional Rental Income: $2867

Airbnb ROI: -1.09%

Traditional ROI: 9.64%

2471 Fairview Avenue

Waverly, IA

3 beds | 3 baths | 2,066 sq.ft.

$650,000

Airbnb cash on cash: -0.64%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $1044

Traditional Rental Income: $2796

Airbnb ROI: -0.64%