42 MillpondStansbury ParkUT84074
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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 Stansbury Park at 42 Millpond, Stansbury Park, UT, 84074 priced at $299,900 converts $1,883/mo rent into $125/mo cash flow after a $1,468/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $1,501/yr on $99,417 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 7.53% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 110.56% and total cumulative return in cash sums $109,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1973
3,049 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,187
Single Family
18,675
Multi-Family
512
Businesses
852
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Listed by: Camie S Jefferies • Sun Key Realty LLC
Mls Name: UtahRealEstate.com
Mls ID: #2122606