3098 W Runway DrCedar CityUT84721
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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 Cedar City at 3098 W Runway Dr, Cedar City, UT, 84721 generates $1,729/mo in rent, after a $1,740/mo payment. Total monthly income is $1,729/mo. Return on cash invested sits at 16.3% in year one, and rental yield is 5.84% on a $355,500 entry. Equity gained on principal adds $2,294/yr, while 5% annual appreciation builds toward $98,218 over five years. Five-year ROI reaches 83.07% and total cumulative return in cash sums $97,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84721, Cedar City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,512 (100%) |
| Owner Occupied HU | 6,751 (64.2%) |
| Renter Occupied HU | 3,146 (29.9%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $421,347 |
| Average Home Value | $469,115 |
Housing Distribution
Address Breakdown
Residential
10,226
Single Family
10,124
Multi-Family
102
Businesses
991
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Listed by: COLLEEN MASSARO • RED ROCK REAL ESTATE
Mls Name: WCBR
Mls ID: #25-266025