2478 W Spruce RdMidwayUT84049
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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
Investment property for sale in Midway at 2478 W Spruce Rd, Midway, UT, 84049 listed at $255,000 pairs $2,454/mo rent with a $1,248/mo payment to leave $922/mo cash flow. Total monthly income runs $2,454/mo, and annual cash flow reaches $11,063/yr on $84,533 cash to close. Return on cash invested measures 33% in year one, and rental yield registers 11.55% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 172.79% and total cumulative return in cash totals $146,060. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,454/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84049, Midway, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,487 (100%) |
| Owner Occupied HU | 2,094 (60.1%) |
| Renter Occupied HU | 431 (12.4%) |
| Vacant Housing Units | 962 (27.6%) |
| Median Home Value | $915,870 |
| Average Home Value | $1,015,659 |
Housing Distribution
Address Breakdown
Residential
2,478
Single Family
2,282
Multi-Family
196
Businesses
244
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