394 E 600 S UNIT JVernalUT84078
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
Investment Highlights
Rental property for sale in Vernal at 394 E 600 S UNIT J, Vernal, UT, 84078 generates $1,505/mo in rent, after a $1,224/mo payment. Total monthly income is $1,505/mo. Return on cash invested sits at 18.02% in year one, and rental yield is 7.22% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 93.2% and total cumulative return in cash sums $77,242. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,505/mo property income rather than buyer’s personal income.
Condo
Built in 2006
2,613 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84078, Vernal, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,967 (100%) |
| Owner Occupied HU | 7,420 (62.0%) |
| Renter Occupied HU | 3,345 (28.0%) |
| Vacant Housing Units | 1,202 (10.0%) |
| Median Home Value | $370,853 |
| Average Home Value | $424,813 |
Housing Distribution
Address Breakdown
Residential
10,614
Single Family
10,565
Multi-Family
49
Businesses
1,076
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy Chase Arnold • Equity Real Estate (Solid)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2026706
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 13:31:47 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)