602 N 300 E UNIT 9ProvidenceUT84332
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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
Rental property for sale in Providence at 602 N 300 E UNIT 9, Providence, UT, 84332 generates $1,242/mo in rent and, after a $808/mo payment, leaves $275/mo in cash flow. Total monthly income is $1,242/mo, and annual cash flow is $3,294/yr on $54,698 invested. Return on cash invested sits at 25.93% in year one, and rental yield is 9.03% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 134.73% and total cumulative return in cash sums $73,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,242/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84332, Providence, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,077 (100%) |
| Owner Occupied HU | 2,547 (82.8%) |
| Renter Occupied HU | 454 (14.8%) |
| Vacant Housing Units | 76 ( 2.5%) |
| Median Home Value | $512,378 |
| Average Home Value | $560,606 |
Housing Distribution
Address Breakdown
Residential
3,021
Single Family
2,811
Multi-Family
210
Businesses
288
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Listed by: Jette Youngblood • Engel & Vlkers Logan
Mls Name: Engel & Volkers
Mls Provider:
Mls ID: #1966270