1383 S Choke Cherry DrGarden CityUT84028
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1383 S Choke Cherry Dr, Garden City, UT, 84028 in Garden City is a conservative rental investment at $537,000. Rental yield 6.1%. A 1.13 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $148,363; $4,946/yr in principal paydown supplements. Total projected return: $176,049.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 4.8% |
| Monthly Cash Flow | $(416) | $2,400 |
City averages based on Garden City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,731 |
| Total Monthly Debt Service | $2,934 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84028, Garden City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 328 (14.3%) |
| Renter Occupied HU | 82 ( 3.6%) |
| Vacant Housing Units | 1,887 (82.2%) |
| Median Home Value | $589,623 |
| Average Home Value | $601,303 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
108
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
Single Family
Built in 1988
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84028, Garden City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 328 (14.3%) |
| Renter Occupied HU | 82 ( 3.6%) |
| Vacant Housing Units | 1,887 (82.2%) |
| Median Home Value | $589,623 |
| Average Home Value | $601,303 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Rowley • Century 21 N & N Realtors
Mls Name: UtahRealEstate.com
Mls ID: #2104025