2342 E 830 S UNIT 7Spanish ForkUT84660
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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 Spanish Fork at 2342 E 830 S UNIT 7, Spanish Fork, UT, 84660 generates $2,056/mo in rent and, after a $1,566/mo payment, leaves $181/mo in cash flow. Total monthly income is $2,056/mo, and annual cash flow is $2,169/yr on $106,047 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 7.71% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 113.38% and total cumulative return in cash sums $120,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,056/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84660, Spanish Fork, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,380 (100%) |
| Owner Occupied HU | 11,239 (78.2%) |
| Renter Occupied HU | 2,720 (18.9%) |
| Vacant Housing Units | 421 ( 2.9%) |
| Median Home Value | $577,761 |
| Average Home Value | $623,470 |
Housing Distribution
Address Breakdown
Residential
14,043
Single Family
13,982
Multi-Family
61
Businesses
1,172
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Listed by: Ryan Johnson • KW Westfield (Excellence)
Mls Name: UtahRealEstate.com
Mls ID: #2120058