686 N Cherry Creek PkwyRichmondUT84333
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
Rental property for sale in Richmond at 686 N Cherry Creek Pkwy, Richmond, UT, 84333 priced at $150,000 converts $2,352/mo rent into $1,473/mo cash flow after a $734/mo obligation. Total monthly income equals $2,352/mo, and annual cash flow totals $17,676/yr on $49,725 invested. Return on cash invested prints 55.46% in year one, and rental yield reads 18.82% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 293.03% and total cumulative return in cash sums $145,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,352/mo property income covering a $734/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84333, Richmond, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,091 (100%) |
| Owner Occupied HU | 892 (81.8%) |
| Renter Occupied HU | 164 (15.0%) |
| Vacant Housing Units | 35 ( 3.2%) |
| Median Home Value | $498,496 |
| Average Home Value | $540,768 |
Housing Distribution
Address Breakdown
Residential
910
Single Family
910
Multi-Family
0
Businesses
72
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Nearby investment properties with comparable prices
Listed by: Randi Smith • Century 21 Naomi
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1968409
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 11:41:55 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)