1051 S 500 E UNIT E304Heber CityUT84032
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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 Heber City at 1051 S 500 E UNIT E304, Heber City, UT, 84032 offers a 7.88% rental yield on a $397,000 purchase with $2,608/mo rent. Total monthly income registers $2,608/mo, and a $1,943/mo payment leaves $281/mo available for distribution. Annual cash flow reaches $3,375/yr on $131,606 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $2,562/yr while 5% annual appreciation supports $109,684 over five years. Portfolio math shows five-year ROI at 116.19% and total cumulative return in cash at $152,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,608/mo property income against a $1,943/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2015
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84032, Heber City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,398 (100%) |
| Owner Occupied HU | 6,867 (66.0%) |
| Renter Occupied HU | 1,938 (18.6%) |
| Vacant Housing Units | 1,593 (15.3%) |
| Median Home Value | $797,026 |
| Average Home Value | $923,491 |
Housing Distribution
Address Breakdown
Residential
9,194
Single Family
8,375
Multi-Family
819
Businesses
909
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Listed by: Jill Sanchez • Blakemore Real Estate- PC
Mls Name: PCBR
Mls ID: #12505166