844 S Newmark Dr, Tooele, UT, 84074 | 6.25% Rental Yield

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Price: $300K - 500K

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844 S Newmark Dr, Tooele, UT, 84074 | 6.25% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Tooele at 844 S Newmark Dr, Tooele, UT, 84074 earns from $2,032/mo rent with a $1,909/mo payment. Total monthly income totals $2,032/mo. ROI tracks 17.55% on current figures, and rental yield reads 6.25% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 89.76% and total cumulative return in cash sums $116,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,032/mo property income instead of your personal income.

Single Family

Built in 2005

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Are you in the search for a quaint starter home, or maybe looking to downsize? this beautiful upgraded home might be the perfect match! Seller is offering to cover closing costs. Recent upgrades include new LVP flooring throughout, new paint and baseboards. All appliances are between 5 months to 3 years old. Bathroom was upgraded with new flooring, paint, vanity and toilet. Furnace and water heater were replaced, new 4-5 years ago. New back patio and RV parking were added, as well as the water softener; which is included with the house. Square footage figures are provided as a courtesy estimate only and were obtained from records . Buyer is advised to obtain an independent measurement.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84074, Tooele, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,335 (100%)
Owner Occupied HU	16,539 (81.3%)
Renter Occupied HU	3,219 (15.8%)
Vacant Housing Units	577 ( 2.8%)
Median Home Value	$444,679
Average Home Value	$471,497