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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 618 E State St, Clarinda, IA, 51632 offers a 9.34% rental yield on a $100,000 purchase with $778/mo rent. Total monthly income registers $778/mo, and a $489/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,548/yr on $33,150 to close, and return on cash invested stands at 24.58% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 128.27% and total cumulative return in cash at $42,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $778/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,840 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $100,000 |
| 2021-03-24 | Listing removed | N/A |
| 2019-01-29 | Listing removed | $15,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-02 | $536.00 | 1.13% | $28,540 | N/A |
| 2023-05-02 | $530.00 | 3.11% | $28,540 | 10.11% |
| 2022-05-02 | $514.00 | -0.39% | $25,920 | 0.97% |
Listed by: Jennifer Baumgart • Manuel Realty
Mls Name: NoCoast MLS
Mls Provider:
Mls ID: #6326964
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.
