22197 Reliable Rd Waynesville, MO 65583
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About this home
Tucked away on 2.24 peaceful acres in Waynesville, this unique duplex offers space, versatility, and opportunity. Whether you’re looking for an investment property, multi-generational home, or a place with room to grow, this one has it all. The main level features 2 comfortable bedrooms and a full bath, along with a spacious living area and a functional kitchen. The lower level is set up as a 3-bedroom, 1.5-bath apartment with its own private entrance—ideal for rental income, extended family, or guests. Both units are currently rented, providing an immediate income stream for the next owner. With a total of 4 bedrooms, 2.5 baths, and 2,845 sq. ft. of living space, this home offers flexibility for a variety of lifestyles. It could easily be converted back into a single-family residence, used for a mother-in-law suite, or designed for true generational living. Outside, you’ll find a detached 2-car garage providing convenient parking and additional storage space, plus plenty of open yard for outdoor activities, gardening, or expansion. The property’s setting offers a blend of privacy and accessibility—close enough to town for daily conveniences, yet surrounded by the peace and quiet of country living. If you’re looking for a property with income potential, functional design, and room to make it your own, this Waynesville home is a must-see.
Source: MARIS #25068052
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.