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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% |
Investment property for sale in Clarinda at 308 E Nodaway St, Clarinda, IA, 51632 at $217,500 posts ROI 29.71% with $589/mo cash flow from $2,005/mo rent. Total monthly income equals $2,005/mo, and annual cash flow records $7,067/yr on $72,101 to close. Return on cash invested measures 29.71% and rental yield reads 11.06% at the current $217,500. Equity gained on principal adds $1,403/yr, and 5% annual appreciation supports $60,091 by year five. Five-year ROI prints 155.82% and total cumulative return in cash totals $112,350.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,005/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.33 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 |
|---|---|---|
| 2025-07-28 | Sold | $217,500 |
| 2025-07-15 | Contingent | $215,000 |
| 2025-06-14 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $3344.00 | 4.24% | $188,510 | N/A |
| 2023-10-26 | $3208.00 | 41.07% | $188,510 | 13.83% |
| 2022-10-26 | $2274.00 | -6.34% | $165,600 | 35.38% |
Listed by: Amy Zwickel • Jim Hughes Real Estate
Mls Name: NY State MLS
Mls ID: #11517326
