2 N Somerset Pl WLoganUT84341
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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 Logan at 2 N Somerset Pl W, Logan, UT, 84341 priced at $305,000 converts $1,717/mo rent into after a $1,493/mo obligation. Total monthly income equals $1,717/mo. Return on cash invested prints 19.07% in year one, and rental yield reads 6.76% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 97.94% and total cumulative return in cash sums $99,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,717/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Condo
Built in 1996
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84341, Logan, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,110 (100%) |
| Owner Occupied HU | 4,147 (41.0%) |
| Renter Occupied HU | 5,529 (54.7%) |
| Vacant Housing Units | 434 ( 4.3%) |
| Median Home Value | $486,353 |
| Average Home Value | $547,285 |
Housing Distribution
Address Breakdown
Residential
9,614
Single Family
9,075
Multi-Family
539
Businesses
801
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