718 W Blue Magic Ln S #S302MidvaleUT84047
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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
Total monthly income runs $2,555/mo, and a $1,994/mo payment. Purchase price stands at $407,400, and rental yield measures 7.53% with $2,555/mo rent. Return on cash invested shows 19.66% in year one, and 5% annual appreciation builds toward $112,557 over five years. Five-year ROI reaches 101.74% and total cumulative return in cash records $137,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,555/mo property income covering a $1,994/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$195 monthly 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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Listed by: Ben McGregor • Holmes Homes Realty
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2025291
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 15:31:42 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)