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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 Lorimor at 3235 Clanton Creek Rd, Lorimor, IA, 50149 offers a 8.14% rental yield on a $219,000 purchase with $1,486/mo rent. Total monthly income registers $1,486/mo, and a $1,072/mo payment leaves $64/mo available for distribution. Annual cash flow reaches $763/yr on $72,599 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 108.91% and total cumulative return in cash at $79,065. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,486/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 50149, Lorimor, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 312 (68.7%) |
| Renter Occupied HU | 79 (17.4%) |
| Vacant Housing Units | 63 (13.9%) |
| Median Home Value | $210,000 |
| Average Home Value | $266,210 |
Residential
375
Single Family
369
Multi-Family
6
Businesses
11
Date | Event | Price |
|---|---|---|
| 2025-07-18 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-22 | $1290.00 | 76.71% | $91,400 | N/A |
| 2023-07-22 | $730.00 | -15.51% | $91,400 | 110.60% |
| 2022-07-22 | $864.00 | 4.60% | $43,400 | -18.88% |
Listed by: Creger, Aaron • Midwest Land Group LLC
Mls Name: DMMLS
Mls Provider:
Mls ID: #722585
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.
