812 N Spring LnSpanish ForkUT84660
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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 Spanish Fork at 812 N Spring Ln, Spanish Fork, UT, 84660 priced at $599,000 converts $3,430/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,430/mo. Return on cash invested prints 19.57% in year one, and rental yield reads 6.87% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 100.53% and total cumulative return in cash sums $198,118. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,430/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84660, Spanish Fork, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,380 (100%) |
| Owner Occupied HU | 11,239 (78.2%) |
| Renter Occupied HU | 2,720 (18.9%) |
| Vacant Housing Units | 421 ( 2.9%) |
| Median Home Value | $577,761 |
| Average Home Value | $623,470 |
Housing Distribution
Address Breakdown
Residential
14,043
Single Family
13,982
Multi-Family
61
Businesses
1,172
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Listed by: Becky Maughan • Berkshire Hathaway HomeServices Elite Real Estate (South County)
Mls Name: UtahRealEstate.com
Mls ID: #2127764