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
1226 SE 1st Street Waverly, IA Situated on one of the most centrally located streets in Waverly, this two-story, four-bed...	4 beds \| 4 baths \| 2,252 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 5.74%
1300 SW 2nd Avenue Waverly, IA 1300 2nd Ave SW offers 1839 square feet of well planned living space with three bedrooms a...	3 beds \| 3 baths \| 2,329 sq.ft.	$254,900	Airbnb cash on cash: 5.82% Traditional cash on cash: 10.13% Airbnb Rental Income: $2714 Traditional Rental Income: $3110 Airbnb ROI: 5.82% Traditional ROI: 10.13%
1501 SW 3rd Street #216 Waverly, IA Located in the Ledges II condo community, this 1-bedroom, 1-bath unit offers a simple layo...	1 beds \| 1 baths \| 792 sq.ft.	$125,000	Airbnb cash on cash: -3.43% Traditional cash on cash: 5.17% Airbnb Rental Income: $581 Traditional Rental Income: $1331 Airbnb ROI: -3.43% Traditional ROI: 5.17%
2303 NW 1st Avenue Waverly, IA Welcome home to this stunning, turn-key property offering over 2,600 square feet of finish...	4 beds \| 3 baths \| 2,616 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.66% Airbnb Rental Income: $null Traditional Rental Income: $3171 Airbnb ROI: N/A Traditional ROI: 7.66%
2524 NW 3rd park Avenue Waverly, IA Taking backups. 72-hour clause. This charming condo features a brick-front accent, great c...	3 beds \| 3 baths \| 2,404 sq.ft.	$309,900	Airbnb cash on cash: 3.36% Traditional cash on cash: 2.97% Airbnb Rental Income: $2714 Traditional Rental Income: $1960 Airbnb ROI: 3.36% Traditional ROI: 2.97%
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.	$450,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 4.65% Airbnb Rental Income: $2714 Traditional Rental Income: $2552 Airbnb ROI: 3.51% Traditional ROI: 4.65%
915 SW 1st Street Waverly, IA Now offering this cozy 2-bedroom, 1-bath ranch home with thoughtful updates throughout! Th...	2 beds \| 1 baths \| 1,320 sq.ft.	$195,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $1795 Airbnb ROI: N/A Traditional ROI: 6.8%
303 NW 3rd Street Waverly, IA Prime Investment Alert!! Nestled on a quiet street moments from local shops, dining, and...	4 beds \| 2 baths \| N/A	$183,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $1566 Airbnb ROI: N/A Traditional ROI: 5.86%
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: 0.17% Traditional cash on cash: 5.58% Airbnb Rental Income: $892 Traditional Rental Income: $1768 Airbnb ROI: 0.17% Traditional ROI: 5.58%
910 Cedar Lane Drive Waverly, IA Tucked away in town with a secluded, wooded setting, this beautifully updated 5-bedroom, 4...	5 beds \| 3 baths \| 3,669 sq.ft.	$568,650	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $3760 Airbnb ROI: N/A Traditional ROI: 4.53%
323 NE 3rd Avenue Waverly, IA Active taking backups - contact agent. Step back in time with this beautiful 4 bedroom, 2 ...	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%
2425 Bishop Avenue 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.	$819,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.46% Airbnb Rental Income: $null Traditional Rental Income: $3583 Airbnb ROI: N/A Traditional ROI: 2.46%
427 SW 8th Avenue #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.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.76% Airbnb Rental Income: $null Traditional Rental Income: $1926 Airbnb ROI: N/A Traditional ROI: 4.76%
1019 NE 2nd Avenue Waverly, IA EXPERIENCE THE VILLAS AT MAPLE HILLS-- A Fresh Chapter Begins at Maple Hills - Where Luxur...	2 beds \| 2 baths \| 2,968 sq.ft.	$469,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.99% Airbnb Rental Income: $null Traditional Rental Income: $2722 Airbnb ROI: N/A Traditional ROI: 2.99%
109 16th St SW Waverly, IA This is the one that just feels like home blending thoughtful updates, practical features ...	3 beds \| 1 baths \| 1,718 sq.ft.	$294,900	Airbnb cash on cash: 4.79% Traditional cash on cash: 5.29% Airbnb Rental Income: $2714 Traditional Rental Income: $2213 Airbnb ROI: 4.79% Traditional ROI: 5.29%
1300 SW 4th Avenue Waverly, IA Discover this fantastic property located just across the street from WSR High School, near...	4 beds \| 3 baths \| 2,650 sq.ft.	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $3259 Airbnb ROI: N/A Traditional ROI: 8.58%
1319 Leitha Terrace Waverly, IA ****Pick your paint color! The sellers are offering a credit to have the exterior of the h...	4 beds \| 3 baths \| 2,280 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $3113 Airbnb ROI: N/A Traditional ROI: 8.52%
2408 NW PARK 2ND Avenue Waverly, IA Beautiful two-story home located in an established neighborhood, conveniently near Waverly...	4 beds \| 4 baths \| 2,450 sq.ft.	$383,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $3154 Airbnb ROI: N/A Traditional ROI: 6.02%
3610 Viola Drive Waverly, IA Welcome to this peaceful, sought-after neighborhood, where a park and scenic bike trail ar...	3 beds \| 2 baths \| 1,144 sq.ft.	$297,500	Airbnb cash on cash: 4.65% Traditional cash on cash: 4.68% Airbnb Rental Income: $2714 Traditional Rental Income: $2082 Airbnb ROI: 4.65% Traditional ROI: 4.68%
1306 Grandview Avenue Waverly, IA Unique, spacious, and truly one-of-a-kind-this exceptional 5-bedroom, 3.5-bath home offers...	5 beds \| 3 baths \| 5,995 sq.ft.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $3335 Airbnb ROI: N/A Traditional ROI: 3.92%
107 Crestwood Ave Waverly, IA This beautiful brick ranch offers comfort inside and out! Walking into the bright living/d...	3 beds \| 3 baths \| 2,344 sq.ft.	$312,500	Airbnb cash on cash: 4.45% Traditional cash on cash: 7.72% Airbnb Rental Income: $2714 Traditional Rental Income: $3036 Airbnb ROI: 4.45% Traditional ROI: 7.72%
1103 Gateway Boulevard Waverly, IA Welcome home to this beautifully maintained property in the desirable Gateway Addition, of...	4 beds \| 3 baths \| 4,506 sq.ft.	$524,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $3156 Airbnb ROI: N/A Traditional ROI: 3.92%
201 Elm Street Waverly, IA Come check out this 4-bedroom, 2-bathroom home in Waverly! The location is hard to beat, w...	4 beds \| 2 baths \| 2,062 sq.ft.	$278,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.69% Airbnb Rental Income: $null Traditional Rental Income: $2723 Airbnb ROI: N/A Traditional ROI: 7.69%
217 Oak Ridge Circle Waverly, IA Location, luxury, and lifestyle-this one truly has it all. Tucked away on a private cul-de...	5 beds \| 5 baths \| 4,992 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.95% Airbnb Rental Income: $null Traditional Rental Income: $5050 Airbnb ROI: N/A Traditional ROI: 4.95%
515 NW 2nd Street Waverly, IA For sale - a true Grandma Cottagecore dream wrapped in Victorian charm. Tucked away on a q...	3 beds \| 2 baths \| 1,519 sq.ft.	$199,900	Airbnb cash on cash: 8.16% Traditional cash on cash: 9.73% Airbnb Rental Income: $2714 Traditional Rental Income: $2371 Airbnb ROI: 8.16% Traditional ROI: 9.73%
1401 SW 3rd Street #116 Waverly, IA Welcome to easy, comfortable living in this well-maintained 1-bedroom, 1-bath condo locate...	1 beds \| 1 baths \| 786 sq.ft.	$137,000	Airbnb cash on cash: -3.02% Traditional cash on cash: 4.66% Airbnb Rental Income: $581 Traditional Rental Income: $1304 Airbnb ROI: -3.02% Traditional ROI: 4.66%
205 Flintstone Drive Waverly, IA Location, Location, Location! This stunning ranch home is located on the 2nd hole of Prair...	5 beds \| 3 baths \| 3,204 sq.ft.	$589,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $3307 Airbnb ROI: N/A Traditional ROI: 3.48%
1416 Hillcrest Drive Waverly, IA Here's the updated property you've been waiting for. Updates include: living room, hall an...	3 beds \| 2 baths \| 1,906 sq.ft.	$239,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 8.84% Airbnb Rental Income: $2714 Traditional Rental Income: $2618 Airbnb ROI: 6.42% Traditional ROI: 8.84%
702 SE 2nd Street Waverly, IA Welcome to this charming 3 bedroom ranch in a wonderful neighborhood! This beautifully car...	3 beds \| 2 baths \| 1,762 sq.ft.	$259,500	Airbnb cash on cash: 6.05% Traditional cash on cash: 8.04% Airbnb Rental Income: $2714 Traditional Rental Income: $2559 Airbnb ROI: 6.05% Traditional ROI: 8.04%
108 6th Ave SW Waverly, IA This well-maintained 2 bedroom, 2 bathroom home offers a great combination of updates, fun...	2 beds \| 2 baths \| 1,206 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.91% Airbnb Rental Income: $null Traditional Rental Income: $1930 Airbnb ROI: N/A Traditional ROI: 6.91%
1211 country Meadows Drive Waverly, IA This beautiful neighborhood features many mature trees and an inviting, open backyard perf...	4 beds \| 3 baths \| 2,278 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $3092 Airbnb ROI: N/A Traditional ROI: 7.33%
206 NW 24th Street Waverly, IA Located directly across from Willow Lawn Park in a great neighborhood, this ranch-style ho...	3 beds \| 1 baths \| 2,210 sq.ft.	$289,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 4.57% Airbnb Rental Income: $2714 Traditional Rental Income: $2055 Airbnb ROI: 4.64% Traditional ROI: 4.57%
1831 4th Ave NW Waverly, IA Welcome home! Step inside this spacious, beautifully maintained home offering thoughtful u...	4 beds \| 2 baths \| 2,509 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.45% Airbnb Rental Income: $null Traditional Rental Income: $2834 Airbnb ROI: N/A Traditional ROI: 7.45%
1826 2nd Ave NW Waverly, IA This well-maintained home is ready to welcome it's next owners! The large living room gree...	4 beds \| 1 baths \| 1,748 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $2136 Airbnb ROI: N/A Traditional ROI: 6.68%
1117 Woodring Drive Waverly, IA Simply charming! This thoughtfully updated 1969 split foyer blends timeless character with...	4 beds \| 3 baths \| 2,100 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.41% Airbnb Rental Income: $null Traditional Rental Income: $3077 Airbnb ROI: N/A Traditional ROI: 8.41%
208 SE 4TH Avenue Waverly, IA Two-story home Well-maintained with wooded siding and gables at the top, enhancing its cur...	3 beds \| 3 baths \| 1,856 sq.ft.	$190,000	Airbnb cash on cash: 8.39% Traditional cash on cash: 11.94% Airbnb Rental Income: $2714 Traditional Rental Income: $2713 Airbnb ROI: 8.39% Traditional ROI: 11.94%
2693 N Maple Street Waverly, IA Experience Executive Acreage Living at Its Finest! Discover this beautifully crafted home ...	3 beds \| 4 baths \| 4,137 sq.ft.	$1,349,500	Airbnb cash on cash: 0.01% Traditional cash on cash: 0.94% Airbnb Rental Income: $2714 Traditional Rental Income: $3244 Airbnb ROI: 0.01% Traditional ROI: 0.94%
217 21st St NW #8 Waverly, IA Welcome home to this charming 1-bedroom, 1-bathroom main-floor condo offering comfortable ...	1 beds \| 1 baths \| 864 sq.ft.	$109,000	Airbnb cash on cash: -2.71% Traditional cash on cash: 7.73% Airbnb Rental Income: $581 Traditional Rental Income: $1397 Airbnb ROI: -2.71% Traditional ROI: 7.73%
1302 SE 1st Street Waverly, IA Beautiful, low-maintenance property, move-in ready. The best part of this property is the ...	2 beds \| 2 baths \| 1,178 sq.ft.	$284,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.14% Airbnb Rental Income: $null Traditional Rental Income: $2120 Airbnb ROI: N/A Traditional ROI: 5.14%
1323 195th Street Waverly, IA Imagine a world where peace and nature coexist. This property offers a chance to own a pie...	3 beds \| 3 baths \| 1,648 sq.ft.	$473,500	Airbnb cash on cash: 2.72% Traditional cash on cash: 3.88% Airbnb Rental Income: $2714 Traditional Rental Income: $2588 Airbnb ROI: 2.72% Traditional ROI: 3.88%

Real Estate investment in Waverly, IA

There are 42 properties for sale in the city of Waverly . The median list price in Waverly is $279,855 and the average price per square foot is $119. In June 2026, the average monthly cash on cash return in Waverly is 5.00%. The average monthly rental income in Waverly is $2,588.

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

There are 42 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 $2,588.

Your search for investment property begins and ends here

Investment Property for Sale in Waverly, IA

1226 SE 1st Street

Waverly, IA

4 beds | 4 baths | 2,252 sq.ft.

$390,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.74%

Airbnb Rental Income: $null

Traditional Rental Income: $3102

Airbnb ROI: N/A

Traditional ROI: 5.74%

1300 SW 2nd Avenue

Waverly, IA

3 beds | 3 baths | 2,329 sq.ft.

$254,900

Airbnb cash on cash: 5.82%

Traditional cash on cash: 10.13%

Airbnb Rental Income: $2714

Traditional Rental Income: $3110

Airbnb ROI: 5.82%

Traditional ROI: 10.13%

1501 SW 3rd Street #216

Waverly, IA

1 beds | 1 baths | 792 sq.ft.

$125,000

Airbnb cash on cash: -3.43%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $581

Traditional Rental Income: $1331

Airbnb ROI: -3.43%

Traditional ROI: 5.17%

2303 NW 1st Avenue

Waverly, IA

4 beds | 3 baths | 2,616 sq.ft.

$319,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.66%

Airbnb Rental Income: $null

Traditional Rental Income: $3171

Airbnb ROI: N/A

Traditional ROI: 7.66%

2524 NW 3rd park Avenue

Waverly, IA

3 beds | 3 baths | 2,404 sq.ft.

$309,900

Airbnb cash on cash: 3.36%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $2714

Traditional Rental Income: $1960

Airbnb ROI: 3.36%

Traditional ROI: 2.97%

505 Tumbleweed Trail

Waverly, IA

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

$450,000

Airbnb cash on cash: 3.51%

Traditional cash on cash: 4.65%

Airbnb Rental Income: $2714

Traditional Rental Income: $2552

Airbnb ROI: 3.51%

Traditional ROI: 4.65%

915 SW 1st Street

Waverly, IA

2 beds | 1 baths | 1,320 sq.ft.

$195,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.8%

Airbnb Rental Income: $null

Traditional Rental Income: $1795

Airbnb ROI: N/A

Traditional ROI: 6.8%

303 NW 3rd Street

Waverly, IA

4 beds | 2 baths | N/A

$183,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.86%

Airbnb Rental Income: $null

Traditional Rental Income: $1566

Airbnb ROI: N/A