3132 W 1675 NCedar CityUT84721
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 3132 W 1675 N, Cedar City, UT, 84721 in Cedar City worth modelling. At $272,000 with a 8.37% gross yield, the $1,897/mo rent leaves $194/mo after the $1,223/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.55 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $75,149 by year five; $2,505/yr in principal reduction adds further equity. Total projected return: $115,742.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.8% |
| Monthly Cash Flow | $194 | $1,250 |
City averages based on Cedar City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,897 |
| Total Monthly Debt Service | $1,595 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
871.20 sqft lot
$N/A/sqft
$109 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2023
871.20 sqft lot
$N/A/sqft
$109 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathan Shaffer • ELEMENT REAL ESTATE BROKERS LL
Mls Name: ICBOR
Mls ID: #109678
Disclaimer: Copyright Iron County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.