501 W 2300 SRichfieldUT84701
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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 Richfield at 501 W 2300 S, Richfield, UT, 84701 generates $2,719/mo in rent, after a $6,847/mo payment. Total monthly income is $2,719/mo. Return on cash invested sits at 5.86% in year one, and rental yield is 2.33% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 26.97% and total cumulative return in cash sums $122,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,719/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84701, Richfield, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,557 (100%) |
| Owner Occupied HU | 2,191 (61.6%) |
| Renter Occupied HU | 1,022 (28.7%) |
| Vacant Housing Units | 344 ( 9.7%) |
| Median Home Value | $348,038 |
| Average Home Value | $391,624 |
Housing Distribution
Address Breakdown
Residential
3,244
Single Family
3,166
Multi-Family
78
Businesses
533
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Listed by: JAIMI PAYNE • RED ROCK REAL ESTATE CENTRAL
Mls Name: WCBR
Mls ID: #25-258847
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.