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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 503 W Garfield St, Clarinda, IA, 51632 with 5% annual appreciation on a $110,000 basis while $906/mo rent supports operations. Total monthly income totals $906/mo and a $538/mo payment preserves $192/mo for cash returns. Annual cash flow comes to $2,304/yr on $36,465 deployed, and return on cash invested reaches 26.23% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.88%. Five-year ROI measures 137.13% and total cumulative return in cash totals $50,004.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $906/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
N/A 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 |
|---|---|---|
| 2025-06-03 | Listed for sale | $110,000 |
| 2025-06-03 | Listing removed | $110,000 |
| 2025-05-06 | Price change | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-06 | $496.00 | -1.20% | $26,380 | N/A |
| 2023-06-06 | $502.00 | -24.40% | $26,380 | 7.50% |
| 2022-06-06 | $664.00 | -1.19% | $24,540 | -25.84% |
Listed by: Christina Grubb • BHHS Ambassador - CB
Mls Name: SWIAR
Mls ID: #25-1058
Disclaimer: Copyright Southwest Iowa Association of Realtors. All rights reserved. Data is deemed reliable but is not guaranteed accurate by the MLS.
