2254 E 1500 SNew HarmonyUT84757
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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 New Harmony at 2254 E 1500 S, New Harmony, UT, 84757 generates $3,229/mo in rent, after a $3,549/mo payment. Total monthly income is $3,229/mo. Return on cash invested sits at 14.92% in year one, and rental yield is 5.34% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 75.66% and total cumulative return in cash sums $180,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,229/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
5 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $725,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-29 | $2573.95 | -3.50% | $412,625 | 2.80% |
| 2022-06-29 | $2667.34 | 26.71% | $401,405 | 54.67% |
| 2021-06-29 | $2105.01 | 0.15% | $259,525 | 5.43% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1999
- Architectural Style: N/A
- Building Area: 3,208
- Living Area: 3,208 sqft
- Property Condition: Built & Standing
Features & Amenities
- Heating: Electric, Wood
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener, RV Access/Parking
Location
- City: New Harmony
- State: UT
- Subdivision: BLACKRIDGE RANCHES
- Lot Size: 5 Acres
- Lot Features: Corner Lot, Gentle Sloping, Wooded
- View: Mountain(s)
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected
- Sewer: Septic Tank
- Water Source: Private, Shares
- Road Surface Type: Paved
School Information
- Elementary School: Out of Area
- Middle School: Out of Area
- High School: Out of Area
Listed by: LAURA WISE • EQUITY REAL ESTATE-SOUTHERN UTAH
Mls Name: WCBR
Mls ID: #25-262597
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.