2229 S Chekshani ClfNew HarmonyUT84757
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2229 S Chekshani Clf, New Harmony, UT, 84757 in New Harmony worth study. Rental yield 4.36%. The 4.36% gross yield is below cash-flow benchmarks at $759,000, but 5% annual appreciation, adding $209,698 over five years, frames this as a capital growth position. Rent of $2,760/mo partially offsets the $3,413/mo payment. Ziffy Mortgage finances appreciation-play properties (0.81 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $177,308.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.2% |
| Monthly Cash Flow | $(1,701) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $4,159 |
| DSCR Ratio | 0.66x |
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 1998
1.08 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84757, New Harmony, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 532 (79.0%) |
| Renter Occupied HU | 69 (10.3%) |
| Vacant Housing Units | 72 (10.7%) |
| Median Home Value | $610,092 |
| Average Home Value | $640,799 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
444
Multi-Family
1
Businesses
34
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 1998
1.08 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84757, New Harmony, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 532 (79.0%) |
| Renter Occupied HU | 69 (10.3%) |
| Vacant Housing Units | 72 (10.7%) |
| Median Home Value | $610,092 |
| Average Home Value | $640,799 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
444
Multi-Family
1
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meri J Crandall • SUMMIT SOTHEBY'S INTERNATIONAL REALTY (SG)
Mls Name: WCBR
Mls ID: #24-251426
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.