8686 S Covewood PlWest JordanUT84088
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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
Investment property for sale in West Jordan at 8686 S Covewood Pl, West Jordan, UT, 84088 uses $197,071 cash to close to unlock $1,440/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $3,631/mo, and a $2,932/mo payment keeps the spread at $120/mo. Purchase price stands at $599,000, and rental yield measures 7.27% with $3,631/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 107.1% and total cumulative return in cash records $211,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,631/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1993
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84088, West Jordan, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,455 (100%) |
| Owner Occupied HU | 8,381 (62.3%) |
| Renter Occupied HU | 4,535 (33.7%) |
| Vacant Housing Units | 539 ( 4.0%) |
| Median Home Value | $572,833 |
| Average Home Value | $612,549 |
Housing Distribution
Address Breakdown
Residential
12,352
Single Family
10,190
Multi-Family
2,162
Businesses
1,069
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Listed by: Margaux Anderson • Found It LLC
Mls Name: UtahRealEstate.com
Mls ID: #2121602