497 S 2220 W APT 201Pleasant GroveUT84062
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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 Pleasant Grove at 497 S 2220 W APT 201, Pleasant Grove, UT, 84062 uses $99,119 cash to close to unlock $3,948/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,463/mo payment keeps the spread at $329/mo. Purchase price stands at $299,000, and rental yield measures 8.35% with $2,081/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash records $122,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2007
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84062, Pleasant Grove, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,331 (100%) |
| Owner Occupied HU | 9,820 (68.5%) |
| Renter Occupied HU | 4,253 (29.7%) |
| Vacant Housing Units | 258 ( 1.8%) |
| Median Home Value | $608,955 |
| Average Home Value | $658,576 |
Housing Distribution
Address Breakdown
Residential
14,303
Single Family
14,030
Multi-Family
273
Businesses
1,222
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Listed by: Casey Stearns • Better Homes and Gardens Real Estate Momentum (Lehi)
Mls Name: UtahRealEstate.com
Mls ID: #2108357