Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 615 W Boundary St, Clarinda, IA, 51632 with 5% annual appreciation on a $219,000 basis while $1,050/mo rent supports operations. 75% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 5.75%. Five-year ROI measures 70.26% and total cumulative return in cash totals $51,009. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,050/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Allison Wellhausen • Wellhausen Real Estate and Consulting
Mls Name: NoCoast MLS
Mls ID: #6330859
