502 S 1040 E APT 137American 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
Investment property for sale in American Fork at 502 S 1040 E APT 137, American Fork, UT, 84003 offers a 9.35% rental yield on a $195,000 purchase with $1,519/mo rent. Total monthly income registers $1,519/mo, and a $954/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,518/yr on $64,643 to close, and return on cash invested stands at 26.9% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 139.91% and total cumulative return in cash at $90,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,519/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
435.60 sqft lot
$N/A/sqft
No 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: Ned Chidester • Berkshire Hathaway HomeServices Elite Real Estate
Mls Name: UtahRealEstate.com
Mls ID: #2096824