2497 W 500 S UNIT 3SpringvilleUT84663
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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 Springville at 2497 W 500 S UNIT 3, Springville, UT, 84663 generates $2,036/mo in rent and, after a $1,368/mo payment, leaves $203/mo in cash flow. Total monthly income is $2,036/mo, and annual cash flow is $2,435/yr on $92,621 invested. Return on cash invested sits at 22.54% in year one, and rental yield is 8.74% on a $279,400 entry. Equity gained on principal adds $1,803/yr, while 5% annual appreciation builds toward $77,193 over five years. Five-year ROI reaches 117.41% and total cumulative return in cash sums $108,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,036/mo property income rather than buyer’s personal income.
Condo
Built in 2016
1,350 sqft lot
$N/A/sqft
$195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84663, Springville, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,546 (100%) |
| Owner Occupied HU | 8,144 (70.5%) |
| Renter Occupied HU | 3,075 (26.6%) |
| Vacant Housing Units | 327 ( 2.8%) |
| Median Home Value | $552,908 |
| Average Home Value | $604,436 |
Housing Distribution
Address Breakdown
Residential
11,318
Single Family
10,873
Multi-Family
445
Businesses
1,052
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