423 S 650 E UNIT 242American ForkUT84003
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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 American Fork at 423 S 650 E UNIT 242, American Fork, UT, 84003 generates $2,857/mo in rent, after a $2,324/mo payment. Total monthly income is $2,857/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 7.22% on a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation builds toward $131,206 over five years. Five-year ROI reaches 99.82% and total cumulative return in cash sums $157,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,857/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
871.20 sqft lot
$N/A/sqft
$147 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84003, American Fork, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 13,740 (71.5%) |
| Renter Occupied HU | 4,735 (24.6%) |
| Vacant Housing Units | 745 ( 3.9%) |
| Median Home Value | $674,425 |
| Average Home Value | $756,543 |
Housing Distribution
Address Breakdown
Residential
19,159
Single Family
18,903
Multi-Family
256
Businesses
1,665
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Listed by: John Woodley • Woodley Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2021284
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-14 03:25:49 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)