3075 S Edgemont Dr #246Garden 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 3075 S Edgemont Dr #246, Garden City, UT, 84028 offers a 9.24% rental yield on a $149,999 purchase with $1,155/mo rent. Total monthly income registers $1,155/mo, and a $734/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,312/yr on $49,725 to close, and return on cash invested stands at 26.57% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 138.1% and total cumulative return in cash at $68,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,155/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1972
3,920 sqft lot
$N/A/sqft
No 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: Pam Cornia • Town & Country Realty Bear Lake, Inc
Mls Name: UtahRealEstate.com
Mls ID: #2106012