470 W 15 S #F301ProvidenceUT84332
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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
Investment property for sale in Providence at 470 W 15 S #F301, Providence, UT, 84332 offers a 8.61% rental yield on a $235,000 purchase with $1,686/mo rent. Total monthly income registers $1,686/mo, and a $1,150/mo payment leaves $309/mo available for distribution. Annual cash flow reaches $3,706/yr on $77,903 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 127.92% and total cumulative return in cash at $99,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,686/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84332, Providence, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,077 (100%) |
| Owner Occupied HU | 2,547 (82.8%) |
| Renter Occupied HU | 454 (14.8%) |
| Vacant Housing Units | 76 ( 2.5%) |
| Median Home Value | $512,378 |
| Average Home Value | $560,606 |
Housing Distribution
Address Breakdown
Residential
3,021
Single Family
2,811
Multi-Family
210
Businesses
288
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Listed by: Rob Alvord • Equity Real Estate (Select)
Mls Name: UtahRealEstate.com
Mls ID: #2119603