256 E Backhand LnLehiUT84043
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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 Lehi at 256 E Backhand Ln, Lehi, UT, 84043 with 5% annual appreciation on a $479,900 basis while $2,022/mo rent supports operations. 94% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 5.06%. Five-year ROI measures 70.44% and total cumulative return in cash totals $112,065. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,022/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2011
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84043, Lehi, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,595 (100%) |
| Owner Occupied HU | 20,440 (74.1%) |
| Renter Occupied HU | 6,027 (21.8%) |
| Vacant Housing Units | 1,128 ( 4.1%) |
| Median Home Value | $647,006 |
| Average Home Value | $702,389 |
Housing Distribution
Address Breakdown
Residential
26,063
Single Family
23,687
Multi-Family
2,376
Businesses
2,078
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