1896 W Homestead Farms Ln APT 3West Valley CityUT84119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1896 W Homestead Farms Ln APT 3, West Valley City, UT, 84119 in West Valley City is narrow, $114/mo net on $2,262/mo rent after the $1,461/mo debt service, but the property operates at break-even-plus, not a loss. At $325,000 with a 8.35% yield, the long-run equity case via 5% appreciation ($89,792 over five years) and $2,993/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.55 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $131,202.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.8% |
| Monthly Cash Flow | $114 | $1,250 |
City averages based on West Valley City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,262 |
| Total Monthly Debt Service | $2,019 |
| DSCR Ratio | 1.12x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1979
1,306 sqft lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84119, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,618 (100%) |
| Owner Occupied HU | 9,146 (46.6%) |
| Renter Occupied HU | 9,500 (48.4%) |
| Vacant Housing Units | 972 ( 5.0%) |
| Median Home Value | $412,246 |
| Average Home Value | $421,854 |
Housing Distribution
Address Breakdown
Residential
17,687
Single Family
14,006
Multi-Family
3,681
Businesses
1,892
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
Townhouse
Built in 1979
1,306 sqft lot
$N/A/sqft
$243 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84119, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,618 (100%) |
| Owner Occupied HU | 9,146 (46.6%) |
| Renter Occupied HU | 9,500 (48.4%) |
| Vacant Housing Units | 972 ( 5.0%) |
| Median Home Value | $412,246 |
| Average Home Value | $421,854 |
Housing Distribution
Address Breakdown
Residential
17,687
Single Family
14,006
Multi-Family
3,681
Businesses
1,892
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue C Shelton • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2090790
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-06-12 12:10:09 PDT. 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](/mls-disclaimers/#319)