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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Clarinda at 240 S Cardinal Dr APT 2, Clarinda, IA, 51632 priced at $135,000 pairs $1,627/mo rent with $713/mo cash flow after a $661/mo payment. Total monthly income equals $1,627/mo, and annual cash flow comes to $8,550/yr on $44,753 invested. Return on cash invested is 39.02% in year one, and rental yield stands at 14.46% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 206.12% and total cumulative return in cash reaches $92,245. For financing, Ziffy Mortgage’s DSCR program evaluates $1,627/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51632, Clarinda, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 1,800 (61.3%) |
| Renter Occupied HU | 775 (26.4%) |
| Vacant Housing Units | 359 (12.2%) |
| Median Home Value | $146,361 |
| Average Home Value | $195,581 |
Residential
2,605
Single Family
2,462
Multi-Family
143
Businesses
251
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $135,000 |
| 2025-07-22 | Pending sale | $135,000 |
| 2025-05-09 | Listed for sale | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2502.00 | 3.47% | $133,170 | N/A |
| 2023-10-21 | $2418.00 | -9.57% | $133,170 | 12.71% |
| 2022-10-21 | $2674.00 | 1.29% | $118,150 | -11.38% |
Listed by: Mike Manuel • Manuel Realty
Mls Name: NoCoast MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6327484
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 05:02:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#7734)
