2996 S Spoke WayGarden CityUT84028
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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 Garden City at 2996 S Spoke Way, Garden City, UT, 84028 offers a 7.95% rental yield on a $194,000 purchase with $1,285/mo rent. Total monthly income registers $1,285/mo, and a $950/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,240/yr on $64,311 to close, and return on cash invested stands at 21.84% in year one. Equity gained on principal adds $1,252/yr while 5% annual appreciation supports $53,599 over five years. Portfolio math shows five-year ROI at 113.13% and total cumulative return in cash at $72,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,285/mo property income against a $950/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
3,920 sqft lot
$N/A/sqft
$530 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84028, Garden City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 328 (14.3%) |
| Renter Occupied HU | 82 ( 3.6%) |
| Vacant Housing Units | 1,887 (82.2%) |
| Median Home Value | $589,623 |
| Average Home Value | $601,303 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
108
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Listed by: Gary C. McKee • Bear Lake Realty Inc
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1989317
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-14 07:26:04 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)