588 W 500 S, Nephi, UT, 84648 | 4.06% Rental Yield

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588 W 500 S, Nephi, UT, 84648 | 4.06% Rental Yield | Ziffy

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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

Investment property for sale in Nephi at 588 W 500 S, Nephi, UT, 84648 offers a 4.06% rental yield on a $995,000 purchase with $3,370/mo rent. 04% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 54.8% and total cumulative return in cash at $179,382. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,370/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2002

5.91 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy the best of country living in this all-brick rambler on 5.91-acres just two blocks west of Nephi City limits. Recently updated with a new roof, furnace, a/c, carpet, paint and more this 3,384 square-foot home is move-in ready! The main level of the home boasts a vaulted great room/dining/kitchen area, fireplace, three bedrooms, 2.5 baths, large laundry room and numerous storage options. And the unfinished basement offers a blank canvas for the new owner. Soak up peaceful sunrises and sunsets from the shaded front porch and covered back patio. The home comes with a well that provides water for the family home and the .91-acre parcel it sits on, and 4.5 water shares from the Nephi Irrigation Company that service the 5-acre agricultural parcel that's complete with corral and several out buildings. Alfalfa was the main crop and cattle the main industry of the farm in previous years. Would also accommodate horses, pigs and chickens. Schedule your tour of this beautiful homestead today. Note the home needs a new sprinkler system; owner has received bids and is willing to credit buyer to have new system installed after settlement. *Measurements taken from County records; buyer advised to verify.