3058 S Edgemont Dr #253-54Garden 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 3058 S Edgemont Dr #253-54, Garden City, UT, 84028 uses $114,368 cash to close to unlock $4,626/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,508/mo, and a $1,689/mo payment keeps the spread at $386/mo. Purchase price stands at $345,000, and rental yield measures 8.72% with $2,508/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash records $142,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,508/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Manufactured
Built in 1973
8,712 sqft lot
$N/A/sqft
$1,200 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: Claudia Conder • Real Estate of Bear Lake, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2087144
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-05-28 12:35:48 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](/mls-disclaimers/#319)