2348 Iowa AveOgdenUT84401
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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 Ogden at 2348 Iowa Ave, Ogden, UT, 84401 priced at $380,000 converts $2,096/mo rent into after a $1,860/mo obligation. Total monthly income equals $2,096/mo. Return on cash invested prints 18.59% in year one, and rental yield reads 6.62% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 95.41% and total cumulative return in cash sums $120,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84401, Ogden, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,782 (100%) |
| Owner Occupied HU | 11,030 (55.8%) |
| Renter Occupied HU | 7,369 (37.3%) |
| Vacant Housing Units | 1,383 ( 7.0%) |
| Median Home Value | $499,964 |
| Average Home Value | $563,384 |
Housing Distribution
Address Breakdown
Residential
19,062
Single Family
17,020
Multi-Family
2,042
Businesses
1,847
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Listed by: Justin Udy • Century 21 Everest
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2071385
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-03-23 12:32:10 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#319)