1588 W Canyon DrCedar CityUT84720
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.21% yield at 1588 W Canyon Dr, Cedar City, UT, 84720 in Cedar City is solid, but the $1,778/mo payment compresses net cash flow to $54/mo at $375,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $103,606 by year five, and $3,144/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.27) without U.S. income documentation. Total projected return: $138,087.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.8% |
| Monthly Cash Flow | $54 | $1,250 |
City averages based on Cedar City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,252 |
| Total Monthly Debt Service | $2,140 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
6,098 sqft lot
$N/A/sqft
No HOA
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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
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Listed by: N/A • N/A
Mls Name: WCBR
Mls ID: #26-276678
