216 E 1500 N, Nephi, UT, 84648 | 2.01% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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216 E 1500 N, Nephi, UT, 84648 | 2.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Investment property for sale in Nephi at 216 E 1500 N, Nephi, UT, 84648 earns from $954/mo rent with a $2,789/mo payment. Total monthly income totals $954/mo. ROI tracks 4.79% on current figures, and rental yield reads 2.01% at a $569,900 purchase. Equity gained on principal adds $3,677/yr, and 5% annual appreciation supports $157,453 over five years. Five-year ROI reaches 21.32% and total cumulative return in cash sums $39,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $954/mo property income instead of your personal income.

Single Family

Built in 2023

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Is it time to step out of the rat race and move to where things move at a slower pace? Check out this beautiful (practically brand new!) Nephi Rambler! This amazing home is located on a corner lot in a new subdivision on the north end of Nephi. 2 Min to the freeway, 25 Minutes to Spanish Fork. The home shows amazing with LVP flooring, custom electrical items when built(owner is an electrician) , EV charger in garage, custom shower in the laundry room(right off the garage), Smart Sprinkler system for the newly landscaped yard (Spring 2025). Beautiful open kitchen/living room concept with quartz counter tops and a huge island. Check out the views from the front porch which are amazing as you look up at Mt Nebo to the north east. Why build when this home is move in ready? Set up an appointment to see this gem today!