240 E Grove DrPleasant GroveUT84062
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
Investment Highlights
Rental property for sale in Pleasant Grove at 240 E Grove Dr, Pleasant Grove, UT, 84062 priced at $299,377 pairs $1,620/mo rent with after a $1,465/mo payment. Total monthly income equals $1,620/mo. Return on cash invested is 18.28% in year one, and rental yield stands at 6.49% on a $299,377 basis. Equity gained on principal adds $1,932/yr, and 5% annual appreciation accumulates to $82,712 by year five. Five-year ROI measures 93.71% and total cumulative return in cash reaches $92,996. For financing, Ziffy Mortgage’s DSCR program evaluates $1,620/mo property income against a $1,465/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84062, Pleasant Grove, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,331 (100%) |
| Owner Occupied HU | 9,820 (68.5%) |
| Renter Occupied HU | 4,253 (29.7%) |
| Vacant Housing Units | 258 ( 1.8%) |
| Median Home Value | $608,955 |
| Average Home Value | $658,576 |
Housing Distribution
Address Breakdown
Residential
14,303
Single Family
14,030
Multi-Family
273
Businesses
1,222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Flower • Ivie Avenue Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2130459