2416 W Spring Canyon RdParowanUT84761
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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 2416 W Spring Canyon Rd, Parowan, UT, 84761 offers $1,732/mo rent that, after a $1,933/mo payment. Total monthly income is $1,732/mo. Return on cash invested measures 13.64% in year one, and rental yield stands at 5.26% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 69.17% and total cumulative return in cash reaches $90,570. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,732/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
4.68 Acres 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: Matt Bagley • ERA Realty Center
Mls Name: WCBR
Mls ID: #25-259923
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.