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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 510 2nd St, Clarinda, IA, 51651 offers $1,580/mo rent that, after a $1,507/mo payment. Total monthly income is $1,580/mo. Return on cash invested measures 14.98% in year one, and rental yield stands at 6.16% at a $307,900 entry. Equity gained on principal adds $1,987/yr while 5% annual appreciation compounds into $85,067 by year five. Five-year ROI records 76.81% and total cumulative return in cash reaches $78,404. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,580/mo property income versus a $1,507/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 51651, Shambaugh, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39 (100%) |
| Owner Occupied HU | 29 (74.4%) |
| Renter Occupied HU | 2 ( 5.1%) |
| Vacant Housing Units | 8 (20.5%) |
| Median Home Value | $225,000 |
| Average Home Value | $420,862 |
Residential
2
Single Family
2
Multi-Family
0
Businesses
4
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kelli Hagey • eXp RealtyLLC
Mls Name: My State MLS
Mls ID: #11487914
