648 W Wasatch StMidvaleUT84047
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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 Midvale at 648 W Wasatch St, Midvale, UT, 84047 priced at $378,500 converts $1,621/mo rent into after a $1,853/mo obligation. Total monthly income equals $1,621/mo. Return on cash invested prints 14.19% in year one, and rental yield reads 5.14% against a $378,500 entry. Equity gained on principal adds $2,442/yr, while 5% annual appreciation compiles into $104,573 by year five. Five-year ROI reaches 71.77% and total cumulative return in cash sums $90,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,621/mo property income covering a $1,853/mo payment, not borrower’s personal income.
Single Family
Built in 1922
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84047, Midvale, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,819 (100%) |
| Owner Occupied HU | 6,505 (41.1%) |
| Renter Occupied HU | 8,750 (55.3%) |
| Vacant Housing Units | 564 ( 3.6%) |
| Median Home Value | $549,228 |
| Average Home Value | $573,156 |
Housing Distribution
Address Breakdown
Residential
16,220
Single Family
12,095
Multi-Family
4,125
Businesses
1,490
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