340 W Hideout Ct #1223, Tooele, UT, 84074 | 6.03% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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340 W Hideout Ct #1223, Tooele, UT, 84074 | 6.03% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Tooele at 340 W Hideout Ct #1223, Tooele, UT, 84074 generates $2,965/mo in rent, after a $2,888/mo payment. Total monthly income is $2,965/mo. Return on cash invested sits at 17.01% in year one, and rental yield is 6.03% on a $589,990 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation builds toward $163,003 over five years. Five-year ROI reaches 86.83% and total cumulative return in cash sums $168,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,965/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

**Rates as low as 3.999% - 4.5% through 10.5.25!** This stunning 5-bedroom, 3-bathroom home offers 3,040 square feet of thoughtfully designed living space, providing both comfort and luxury. As you enter, you're greeted by a spacious foyer that leads to a main floor bedroom and full bath, as well as an inviting study/Flex room, perfect for a home office or library. The heart of the home is the expansive kitchen, featuring a LOADS of extra cabinets, mudroom, large sink in island. Equipped with modern stainless steel appliances, including a fridge, gas range, microwave, and dishwasher. The adjoining living and dining areas offer plenty of space for family gatherings, with double sliding glass doors that bring in natural light and offer views of the mountains. You can cozy up next to the fireplace on chilly evenings. Upstairs, you'll find a roomy loft, three generously-sized bedrooms, a bathroom with dual sinks, and the Owners suite, with a luxurious en-suite bathroom featuring dual vanities, walk in shower, and a bedroom sized walk-in closet. Located on a quiet cul-de-sac, this home is located on a .40 acre lot in a prime spot with no back yard neighbors, gorgeous sunset views and a huge park that is just a short walk away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84074, Tooele, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,335 (100%)
Owner Occupied HU	16,539 (81.3%)
Renter Occupied HU	3,219 (15.8%)
Vacant Housing Units	577 ( 2.8%)
Median Home Value	$444,679
Average Home Value	$471,497