608 S 500 W APT 2ProvoUT84601
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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
Investment property for sale in Provo at 608 S 500 W APT 2, Provo, UT, 84601 uses $86,190 cash to close to unlock $224/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $1,273/mo payment keeps the spread at $19/mo. Purchase price stands at $260,000, and rental yield measures 7.12% with $1,543/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 103.83% and total cumulative return in cash records $89,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1984
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84601, Provo, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,674 (100%) |
| Owner Occupied HU | 5,409 (46.3%) |
| Renter Occupied HU | 5,828 (49.9%) |
| Vacant Housing Units | 437 ( 3.7%) |
| Median Home Value | $505,865 |
| Average Home Value | $508,499 |
Housing Distribution
Address Breakdown
Residential
11,794
Single Family
10,303
Multi-Family
1,491
Businesses
981
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