342 E State StFarmingtonUT84025
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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 Farmington at 342 E State St, Farmington, UT, 84025 generates $2,428/mo in rent, after a $2,814/mo payment. Total monthly income is $2,428/mo. Return on cash invested sits at 14.09% in year one, and rental yield is 5.07% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 71.17% and total cumulative return in cash sums $134,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,428/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84025, Farmington, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,141 (100%) |
| Owner Occupied HU | 6,104 (75.0%) |
| Renter Occupied HU | 1,816 (22.3%) |
| Vacant Housing Units | 221 ( 2.7%) |
| Median Home Value | $726,006 |
| Average Home Value | $806,631 |
Housing Distribution
Address Breakdown
Residential
7,914
Single Family
7,666
Multi-Family
248
Businesses
580
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Listed by: Kimberly H Devries • Berkshire Hathaway HomeServices Utah Properties (Salt Lake)
Mls Name: UtahRealEstate.com
Mls ID: #2098518