555 S Nichols Peak Rd #E, Washington, UT, 84780 | 2.74% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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555 S Nichols Peak Rd #E, Washington, UT, 84780 | 2.74% 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

Total monthly income runs $2,400/mo, and a $5,139/mo payment. Purchase price stands at $1,050,000, and rental yield measures 2.74% with $2,400/mo rent. Return on cash invested shows 7.13% in year one, and 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 33.76% and total cumulative return in cash records $114,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $5,139/mo payment rather than investor’s personal income.

Single Family

Built in 2006

3.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 555 E Nichols Peak Rd-a rare opportunity to own 3.29 acres in the heart of Washington Fields. Perfectly positioned with stunning panoramic views. This Residential/Agricultural (RA-2) property offers exceptional privacy, versatility, and room to create something truly special. Bring your horses, build your dream home, or design a private estate, hobby farm, or retreat. The parcel offers a mix of usable ground and gentle slope, providing elevated views and multiple build-site possibilities. A major asset is the impressive 3,228 sq. ft. metal outbuilding (built in 2006), featuring a 40' x 80' shop with 25-ft ceilings, plus a private office and bathroom-ideal for equipment storage, a workshop, or business operations. Located in the desirable Dixie Power service area. No HOA. Opportunities of this size, location, and flexibility are extremely rare in Washington Fields. Buyer to verify all information. Here is the direct link to the zoning: https://codelibrary.amlegal.com/codes/washingtonut/latest/washington_ut/0-0-0-5850

Neighborhood Data

Neighborhood data shown for ZIP Code: 84780, Washington, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,175 (100%)
Owner Occupied HU	10,349 (64.0%)
Renter Occupied HU	2,918 (18.0%)
Vacant Housing Units	2,908 (18.0%)
Median Home Value	$603,387
Average Home Value	$638,771