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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 523 N 12th St, Clarinda, IA, 51632 generates $1,050/mo in rent, after a $808/mo payment. Total monthly income is $1,050/mo. Return on cash invested sits at 19.43% in year one, and rental yield is 7.64% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 100.65% and total cumulative return in cash sums $55,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 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 |
|---|---|---|
| 2025-04-14 | Listed for sale | $165,000 |
| 2024-12-19 | Sold | $20,000 |
| 2024-11-25 | Pending sale | $20,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $530.00 | 0.76% | $28,200 | N/A |
| 2023-04-17 | $526.00 | 9.58% | $28,200 | 9.90% |
| 2022-04-17 | $480.00 | -1.23% | $25,660 | 7.01% |
Listed by: Mike Manuel • Manuel Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326597
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.
