721 Canyon Ridge DrCedar CityUT84721
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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 $2,160/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 3.05% with $2,160/mo rent. Return on cash invested shows 7.65% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 36.77% and total cumulative return in cash records $102,814. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 2019
0.51 Acres lot
$N/A/sqft
$70 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 84721, Cedar City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,512 (100%) |
| Owner Occupied HU | 6,751 (64.2%) |
| Renter Occupied HU | 3,146 (29.9%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $421,347 |
| Average Home Value | $469,115 |
Housing Distribution
Address Breakdown
Residential
10,226
Single Family
10,124
Multi-Family
102
Businesses
991
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $850,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2019
- Architectural Style: N/A
- Building Area: 2,443
- Living Area: 2,443 sqft
- Property Condition: Built & Standing
Features & Amenities
- Heating: Electric
- Cooling: Central Air, None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Extra Depth, Extra Width
Location
- City: Cedar City
- State: UT
- Subdivision: N/A
- Lot Size: 0.51 Acres
- Lot Features: N/A
- View: City, Mountain(s), Valley
HOA & Fees
- HOA Fee: $70 monthly
- Association Fee: $70 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Common Area Maintenance, Private Road
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: N/A
- Water Source: Culinary
- Road Surface Type: N/A
School Information
- Elementary School: Out of Area
- Middle School: Out of Area
- High School: Out of Area
Listed by: JOSHUA ELLIS • KW South Valley
Mls Name: WCBR
Mls ID: #25-260499
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.