490 S 700 E #C35, Clearfield, UT, 84015 | $334/mo Cash Flow

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490 S 700 E #C35, Clearfield, UT, 84015 | $334/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Clearfield at 490 S 700 E #C35, Clearfield, UT, 84015 offers a 8.64% rental yield on a $250,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,224/mo payment leaves $334/mo available for distribution. Annual cash flow reaches $4,012/yr on $82,875 to close, and return on cash invested stands at 24.75% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 128.42% and total cumulative return in cash at $106,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2000

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful well taken care of Condo on the middle floor. It has an updated kitchen with granite counter tops. 2 spacious bedrooms and 2 full bathrooms. Primary bathroom has a double vanity. There is a cozy gas fireplace for the winter and a spacious deck for the summer. Newer AC installed 2019, Furnace 2023, and Water Heater in 2021. The condos are not FHA Approved but could qualify with a spot approval. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84015, Clearfield, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,567 (100%)
Owner Occupied HU	17,452 (71.0%)
Renter Occupied HU	6,453 (26.3%)
Vacant Housing Units	662 ( 2.7%)
Median Home Value	$491,684
Average Home Value	$528,938