576 W 1045 N APT B2Cedar CityUT84721
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cedar City at 576 W 1045 N APT B2, Cedar City, UT, 84721 uses $72,930 cash to close to unlock $508/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $1,475/mo, and a $1,077/mo payment keeps the spread at $42/mo. Purchase price stands at $220,000, and rental yield measures 8.05% with $1,475/mo rent. Return on cash invested shows 20.61% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 107.05% and total cumulative return in cash records $78,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,475/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 2015
871.20 sqft lot
$N/A/sqft
$143 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84721, Cedar City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,512 (100%) |
| Owner Occupied HU | 6,751 (64.2%) |
| Renter Occupied HU | 3,146 (29.9%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $421,347 |
| Average Home Value | $469,115 |
Housing Distribution
Address Breakdown
Residential
10,226
Single Family
10,124
Multi-Family
102
Businesses
991
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pamela Pamela • Better Homes and Gardens Real Estate Momentum (Lehi)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2021221
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-17 05:45:41 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)