516 N Broadway St, Tooele, UT, 84074 | 5.71% Rental Yield

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Price: $300K - 500K

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516 N Broadway St, Tooele, UT, 84074 | 5.71% Rental Yield | 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

Rental property for sale in Tooele at 516 N Broadway St, Tooele, UT, 84074 priced at $520,000 pairs $2,474/mo rent with after a $2,545/mo payment. Total monthly income equals $2,474/mo. Return on cash invested is 16.04% in year one, and rental yield stands at 5.71% on a $520,000 basis. Equity gained on principal adds $3,355/yr, and 5% annual appreciation accumulates to $143,666 by year five. Five-year ROI measures 81.62% and total cumulative return in cash reaches $139,643. For financing, Ziffy Mortgage’s DSCR program evaluates $2,474/mo property income against a $2,545/mo payment instead of your W2s, 1099s, or Tax returns.

Manufactured

Built in 2022

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Incredible Investment Opportunity in Tooele! This custom-built home offers massive potential for equity growth and rental income. Zoned multifamily and already featuring a beautifully finished upper level, the property includes a full, unfinished basement with separate entrances-fully plumbed and ready for a large second unit or two smaller units, creating a potential triplex setup. With a new high school being built nearby, demand and value are expected to climb. The oversized 2-car garage and massive driveway provide parking for up to 15 vehicles and could even be converted into an additional living space. Only a few years old, this home blends modern construction with serious upside. Whether you're house hacking, investing, or looking for multi-gen living, this one checks every box. Buyers and buyers agents to verify all information provided

Neighborhood Data

Neighborhood data shown for ZIP Code: 84074, Tooele, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,335 (100%)
Owner Occupied HU	16,539 (81.3%)
Renter Occupied HU	3,219 (15.8%)
Vacant Housing Units	577 ( 2.8%)
Median Home Value	$444,679
Average Home Value	$471,497