1022 W 510 S UNIT 203American ForkUT84003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in American Fork at 1022 W 510 S UNIT 203, American Fork, UT, 84003 listed at $368,895 pairs $2,371/mo rent with a $1,806/mo payment. Total monthly income runs $2,371/mo. Return on cash invested measures 19.06% in year one, and rental yield registers 7.71% at a $368,895 basis. Equity gained on principal adds $2,380/yr, and annual property appreciation at 5% supports $101,919 by year five. Five-year ROI tracks 98.93% and total cumulative return in cash totals $120,978. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,371/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2022
1,306 sqft lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84003, American Fork, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 13,740 (71.5%) |
| Renter Occupied HU | 4,735 (24.6%) |
| Vacant Housing Units | 745 ( 3.9%) |
| Median Home Value | $674,425 |
| Average Home Value | $756,543 |
Housing Distribution
Address Breakdown
Residential
19,159
Single Family
18,903
Multi-Family
256
Businesses
1,665
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Listed by: Ned Chidester • Berkshire Hathaway HomeServices Elite Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2050462
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-18 02:13:45 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)