1263 E Ridge Meadow Ln APT 6RCottonwood HeightsUT84047
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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
Rental property for sale in Cottonwood Heights at 1263 E Ridge Meadow Ln APT 6R, Cottonwood Heights, UT, 84047 generates $1,907/mo in rent and, after a $1,493/mo payment, leaves $119/mo in cash flow. Total monthly income is $1,907/mo, and annual cash flow is $1,430/yr on $101,108 invested. Return on cash invested sits at 21.32% in year one, and rental yield is 7.5% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 110.03% and total cumulative return in cash sums $111,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,907/mo property income rather than buyer’s personal income.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84047, Midvale, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 6,505 (41.1%) |
| Renter Occupied HU | 8,750 (55.3%) |
| Vacant Housing Units | 564 ( 3.6%) |
| Median Home Value | $549,228 |
| Average Home Value | $573,156 |
Housing Distribution
Address Breakdown
Residential
16,220
Single Family
12,095
Multi-Family
4,125
Businesses
1,490
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Listed by: Victoria Allan Horsey • Berkshire Hathaway HomeServices Utah Properties (Salt Lake)
Mls Name: UtahRealEstate.com
Mls ID: #2112026