240 E Center StParowanUT84761
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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 Parowan at 240 E Center St, Parowan, UT, 84761 priced at $529,900 converts $3,104/mo rent into after a $2,594/mo obligation. Total monthly income equals $3,104/mo. Return on cash invested prints 20.04% in year one, and rental yield reads 7.03% against a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation compiles into $146,402 by year five. Five-year ROI reaches 103.1% and total cumulative return in cash sums $179,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,104/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84761, Parowan, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 984 (63.2%) |
| Renter Occupied HU | 251 (16.1%) |
| Vacant Housing Units | 323 (20.7%) |
| Median Home Value | $338,356 |
| Average Home Value | $405,833 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
135
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Listed by: Tammy Vogt • EQUITY REAL ESTATE-SOUTHERN UTAH
Mls Name: WCBR
Mls ID: #24-255440
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.