3416 W Mitchell DrLehiUT84043
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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 Lehi at 3416 W Mitchell Dr, Lehi, UT, 84043 offers a 6.86% rental yield on a $404,000 purchase with $2,311/mo rent. 4% in year one. Equity gained on principal adds $2,607/yr while 5% annual appreciation supports $111,618 over five years. Portfolio math shows five-year ROI at 99.71% and total cumulative return in cash at $133,536. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,311/mo property income against a $1,977/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84043, Lehi, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,595 (100%) |
| Owner Occupied HU | 20,440 (74.1%) |
| Renter Occupied HU | 6,027 (21.8%) |
| Vacant Housing Units | 1,128 ( 4.1%) |
| Median Home Value | $647,006 |
| Average Home Value | $702,389 |
Housing Distribution
Address Breakdown
Residential
26,063
Single Family
23,687
Multi-Family
2,376
Businesses
2,078
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