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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 320 W Nodaway St, Clarinda, IA, 51632 offers $1,033/mo rent that, after a $514/mo payment, leaves $351/mo cash flow. Total monthly income is $1,033/mo, and annual cash flow is $4,212/yr on $34,808 cash. Return on cash invested measures 32.01% in year one, and rental yield stands at 11.81% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 168.11% and total cumulative return in cash reaches $58,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,033/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,098 sqft 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 |
|---|---|---|
| 2024-09-12 | Listed for sale | $105,000 |
| 2023-11-28 | Sold | $101,500 |
| 2023-11-02 | Pending sale | $98,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1270.00 | 6.37% | $79,980 | 12.76% |
| 2022-10-14 | $1194.00 | 1.88% | $70,930 | 3.61% |
| 2021-10-14 | $1172.00 | 2.09% | $68,460 | 8.32% |
Listed by: Mike Manuel • Manuel Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321188
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
