748 E Molasses Mill DrDraperUT84020
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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 Draper at 748 E Molasses Mill Dr, Draper, UT, 84020 priced at $1,250,000 converts $3,311/mo rent into after a $6,118/mo obligation. Total monthly income equals $3,311/mo. Return on cash invested prints 8.47% in year one, and rental yield reads 3.18% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 40.98% and total cumulative return in cash sums $165,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,311/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 1996
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84020, Draper, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,895 (100%) |
| Owner Occupied HU | 11,559 (64.6%) |
| Renter Occupied HU | 5,608 (31.3%) |
| Vacant Housing Units | 728 ( 4.1%) |
| Median Home Value | $820,190 |
| Average Home Value | $909,367 |
Housing Distribution
Address Breakdown
Residential
18,061
Single Family
13,777
Multi-Family
4,284
Businesses
2,342
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