396 E Spruce Ln #111GrantsvilleUT84029
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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 Grantsville at 396 E Spruce Ln #111, Grantsville, UT, 84029 generates $3,971/mo in rent, after a $3,737/mo payment. Total monthly income is $3,971/mo. Return on cash invested sits at 17.65% in year one, and rental yield is 6.24% on a $763,550 entry. Equity gained on principal adds $4,927/yr, while 5% annual appreciation builds toward $210,955 over five years. Five-year ROI reaches 90.27% and total cumulative return in cash sums $226,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,971/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84029, Grantsville, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,045 (100%) |
| Owner Occupied HU | 4,223 (83.7%) |
| Renter Occupied HU | 655 (13.0%) |
| Vacant Housing Units | 167 ( 3.3%) |
| Median Home Value | $492,660 |
| Average Home Value | $509,233 |
Housing Distribution
Address Breakdown
Residential
4,475
Single Family
4,475
Multi-Family
0
Businesses
201
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Listed by: Kelcee Lynn Hilderman • Real Estate Essentials
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2010193
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-14 08:26:40 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)